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PARNX vs. VAFAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.8

Performance

PARNX vs. VAFAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Parnassus Mid Cap Growth Fund (PARNX) and Invesco American Franchise Fund Class A (VAFAX). The values are adjusted to include any dividend payments, if applicable.

140.00%160.00%180.00%200.00%220.00%240.00%SeptemberOctoberNovemberDecember2025February
137.41%
210.54%
PARNX
VAFAX

Key characteristics

Sharpe Ratio

PARNX:

-0.17

VAFAX:

0.63

Sortino Ratio

PARNX:

-0.12

VAFAX:

0.96

Omega Ratio

PARNX:

0.98

VAFAX:

1.13

Calmar Ratio

PARNX:

-0.14

VAFAX:

0.44

Martin Ratio

PARNX:

-0.50

VAFAX:

3.02

Ulcer Index

PARNX:

5.89%

VAFAX:

4.30%

Daily Std Dev

PARNX:

16.97%

VAFAX:

20.51%

Max Drawdown

PARNX:

-71.21%

VAFAX:

-54.26%

Current Drawdown

PARNX:

-18.09%

VAFAX:

-16.67%

Returns By Period

In the year-to-date period, PARNX achieves a -0.73% return, which is significantly higher than VAFAX's -2.42% return. Over the past 10 years, PARNX has underperformed VAFAX with an annualized return of 2.52%, while VAFAX has yielded a comparatively higher 5.00% annualized return.


PARNX

YTD

-0.73%

1M

-6.26%

6M

-7.37%

1Y

-3.83%

5Y*

3.48%

10Y*

2.52%

VAFAX

YTD

-2.42%

1M

-5.79%

6M

3.39%

1Y

10.92%

5Y*

5.86%

10Y*

5.00%

*Annualized

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Parnassus Mid Cap Growth Fund

PARNX vs. VAFAX - Expense Ratio Comparison

PARNX has a 0.80% expense ratio, which is lower than VAFAX's 0.95% expense ratio.


Expense ratio chart for VAFAX: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for PARNX: current value at 0.80% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.80%

Risk-Adjusted Performance

PARNX vs. VAFAX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PARNX
The Risk-Adjusted Performance Rank of PARNX is 66
Overall Rank
The Sharpe Ratio Rank of PARNX is 77
Sharpe Ratio Rank
The Sortino Ratio Rank of PARNX is 77
Sortino Ratio Rank
The Omega Ratio Rank of PARNX is 77
Omega Ratio Rank
The Calmar Ratio Rank of PARNX is 66
Calmar Ratio Rank
The Martin Ratio Rank of PARNX is 66
Martin Ratio Rank

VAFAX
The Risk-Adjusted Performance Rank of VAFAX is 4141
Overall Rank
The Sharpe Ratio Rank of VAFAX is 3737
Sharpe Ratio Rank
The Sortino Ratio Rank of VAFAX is 3939
Sortino Ratio Rank
The Omega Ratio Rank of VAFAX is 3838
Omega Ratio Rank
The Calmar Ratio Rank of VAFAX is 4040
Calmar Ratio Rank
The Martin Ratio Rank of VAFAX is 5252
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PARNX vs. VAFAX - Risk-Adjusted Performance 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.


The chart of Sharpe ratio for PARNX, currently valued at -0.17, compared to the broader market-1.000.001.002.003.004.00-0.170.63
The chart of Sortino ratio for PARNX, currently valued at -0.12, compared to the broader market0.002.004.006.008.0010.00-0.120.96
The chart of Omega ratio for PARNX, currently valued at 0.98, compared to the broader market1.002.003.000.981.13
The chart of Calmar ratio for PARNX, currently valued at -0.14, compared to the broader market0.005.0010.0015.00-0.140.44
The chart of Martin ratio for PARNX, currently valued at -0.50, compared to the broader market0.0020.0040.0060.0080.00-0.503.02
PARNX
VAFAX

The current PARNX Sharpe Ratio is -0.17, which is lower than the VAFAX Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of PARNX and VAFAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00SeptemberOctoberNovemberDecember2025February
-0.17
0.63
PARNX
VAFAX

Dividends

PARNX vs. VAFAX - Dividend Comparison

Neither PARNX nor VAFAX has paid dividends to shareholders.


TTM20242023202220212020201920182017201620152014
PARNX
Parnassus Mid Cap Growth Fund
0.00%0.00%0.00%0.00%1.45%0.09%2.53%1.32%0.93%0.81%4.40%3.37%
VAFAX
Invesco American Franchise Fund Class A
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

PARNX vs. VAFAX - Drawdown Comparison

The maximum PARNX drawdown since its inception was -71.21%, which is greater than VAFAX's maximum drawdown of -54.26%. Use the drawdown chart below to compare losses from any high point for PARNX and VAFAX. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%SeptemberOctoberNovemberDecember2025February
-18.09%
-16.67%
PARNX
VAFAX

Volatility

PARNX vs. VAFAX - Volatility Comparison

The current volatility for Parnassus Mid Cap Growth Fund (PARNX) is 4.52%, while Invesco American Franchise Fund Class A (VAFAX) has a volatility of 5.78%. 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.


3.00%4.00%5.00%6.00%7.00%8.00%SeptemberOctoberNovemberDecember2025February
4.52%
5.78%
PARNX
VAFAX

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