PARNX vs. VAFAX
Compare and contrast key facts about Parnassus Mid Cap Growth Fund (PARNX) and Invesco American Franchise Fund Class A (VAFAX).
PARNX is managed by Parnassus. It was launched on Dec 27, 1984. VAFAX is managed by Invesco. It was launched on Jun 23, 2005.
Performance
PARNX vs. VAFAX - Performance Comparison
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PARNX vs. VAFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PARNX Parnassus Mid Cap Growth Fund | -7.03% | 9.14% | 10.58% | 35.60% | -33.54% | 9.35% | 28.75% | 29.82% | -9.80% | 16.12% |
VAFAX Invesco American Franchise Fund Class A | -9.70% | 11.86% | 34.78% | 40.91% | -31.20% | 11.13% | 42.15% | 36.55% | -3.99% | 27.11% |
Returns By Period
In the year-to-date period, PARNX achieves a -7.03% return, which is significantly higher than VAFAX's -9.70% return. Over the past 10 years, PARNX has underperformed VAFAX with an annualized return of 8.27%, while VAFAX has yielded a comparatively higher 13.99% annualized return.
PARNX
- 1D
- 3.72%
- 1M
- -5.94%
- YTD
- -7.03%
- 6M
- -8.10%
- 1Y
- 11.93%
- 3Y*
- 10.19%
- 5Y*
- 1.44%
- 10Y*
- 8.27%
VAFAX
- 1D
- 4.44%
- 1M
- -5.93%
- YTD
- -9.70%
- 6M
- -12.22%
- 1Y
- 14.68%
- 3Y*
- 19.34%
- 5Y*
- 7.06%
- 10Y*
- 13.99%
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PARNX vs. VAFAX - Expense Ratio Comparison
PARNX has a 0.80% expense ratio, which is lower than VAFAX's 0.95% expense ratio.
Return for Risk
PARNX vs. VAFAX — Risk / Return Rank
PARNX
VAFAX
PARNX vs. VAFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Parnassus Mid Cap Growth Fund (PARNX) and Invesco American Franchise Fund Class A (VAFAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| PARNX | VAFAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.51 | 0.63 | -0.12 |
Sortino ratioReturn per unit of downside risk | 0.91 | 1.06 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.15 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.64 | 0.65 | -0.01 |
Martin ratioReturn relative to average drawdown | 2.13 | 2.03 | +0.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PARNX | VAFAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 0.63 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.31 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.63 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.53 | -0.11 |
Correlation
The correlation between PARNX and VAFAX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PARNX vs. VAFAX - Dividend Comparison
PARNX's dividend yield for the trailing twelve months is around 18.67%, more than VAFAX's 15.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARNX Parnassus Mid Cap Growth Fund | 18.67% | 17.36% | 7.38% | 2.86% | 1.23% | 4.50% | 5.20% | 4.21% | 7.94% | 7.96% | 2.04% | 19.70% |
VAFAX Invesco American Franchise Fund Class A | 15.61% | 14.09% | 3.74% | 0.00% | 8.32% | 26.50% | 8.78% | 6.85% | 10.42% | 5.37% | 4.08% | 4.90% |
Drawdowns
PARNX vs. VAFAX - Drawdown Comparison
The maximum PARNX drawdown since its inception was -54.34%, which is greater than VAFAX's maximum drawdown of -48.48%. Use the drawdown chart below to compare losses from any high point for PARNX and VAFAX.
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Drawdown Indicators
| PARNX | VAFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.34% | -48.48% | -5.86% |
Max Drawdown (1Y)Largest decline over 1 year | -14.90% | -19.27% | +4.37% |
Max Drawdown (5Y)Largest decline over 5 years | -41.75% | -38.86% | -2.89% |
Max Drawdown (10Y)Largest decline over 10 years | -41.75% | -38.86% | -2.89% |
Current DrawdownCurrent decline from peak | -11.31% | -15.69% | +4.38% |
Average DrawdownAverage peak-to-trough decline | -12.72% | -8.16% | -4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 6.14% | -1.67% |
Volatility
PARNX vs. VAFAX - Volatility Comparison
The current volatility for Parnassus Mid Cap Growth Fund (PARNX) is 7.40%, while Invesco American Franchise Fund Class A (VAFAX) has a volatility of 8.31%. This indicates that PARNX experiences smaller price fluctuations and is considered to be less risky than VAFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PARNX | VAFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 8.31% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 14.36% | 15.69% | -1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.06% | 25.39% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.88% | 23.03% | +0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.80% | 22.23% | -0.43% |