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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PARNX or VAFAX.
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.
Performance
PARNX vs. VAFAX - Performance Comparison
Key characteristics
PARNX:
-0.17
VAFAX:
0.63
PARNX:
-0.12
VAFAX:
0.96
PARNX:
0.98
VAFAX:
1.13
PARNX:
-0.14
VAFAX:
0.44
PARNX:
-0.50
VAFAX:
3.02
PARNX:
5.89%
VAFAX:
4.30%
PARNX:
16.97%
VAFAX:
20.51%
PARNX:
-71.21%
VAFAX:
-54.26%
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
-0.73%
-6.26%
-7.37%
-3.83%
3.48%
2.52%
VAFAX
-2.42%
-5.79%
3.39%
10.92%
5.86%
5.00%
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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.
Risk-Adjusted Performance
PARNX vs. VAFAX — Risk-Adjusted Performance Rank
PARNX
VAFAX
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.
Dividends
PARNX vs. VAFAX - Dividend Comparison
Neither PARNX nor VAFAX has paid dividends to shareholders.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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.
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.
Recent discussions
Colors of plots
A lot of the colors used in plotting multiple investments (like the stock comparison graphs) are very close to each other. It's often very difficult to distinguish between them.
Is it possible to change these colors myself? If not, is that a feature in the pipeline?
Thanks
BB
Drawdowns and Data
Hi what data sources do you guys use for different ETF, and Mutual Data? Also are drawdowns calculated daily or monthly?
Thank You
Bee Zee
Return and Dividend Calculation
Farshad