PARWX vs. ^GSPC

Last updated Apr 3, 2026

Compare and contrast key facts about Parnassus Endeavor Fund (PARWX) and S&P 500 Index (^GSPC).

PARWX is managed by Parnassus. It was launched on Apr 29, 2005.

Performance

PARWX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Parnassus Endeavor Fund (PARWX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

PARWX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PARWX Parnassus Endeavor Fund	-0.65%	19.07%	12.03%	13.67%	-13.71%	31.09%	27.42%	33.28%	-13.58%	19.85%
^GSPC S&P 500 Index	-3.84%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, PARWX achieves a -0.65% return, which is significantly higher than ^GSPC's -3.84% return. Over the past 10 years, PARWX has outperformed ^GSPC with an annualized return of 13.66%, while ^GSPC has yielded a comparatively lower 12.29% annualized return.

PARWX

• 1D: 0.93%
• 1M: -3.63%
• YTD: -0.65%
• 6M: 3.62%
• 1Y: 19.92%
• 3Y*: 14.09%
• 5Y*: 7.43%
• 10Y*: 13.66%

^GSPC

• 1D: 0.11%
• 1M: -3.43%
• YTD: -3.84%
• 6M: -1.98%
• 1Y: 16.08%
• 3Y*: 16.86%
• 5Y*: 10.37%
• 10Y*: 12.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PARWX vs. ^GSPC — Risk / Return Rank

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

PARWX

PARWX Risk / Return Rank: 60
PARWX Sharpe Ratio Rank: 56
PARWX Sortino Ratio Rank: 57
PARWX Omega Ratio Rank: 57
PARWX Calmar Ratio Rank: 61
PARWX Martin Ratio Rank: 66

^GSPC

^GSPC Risk / Return Rank: 58
^GSPC Sharpe Ratio Rank: 52
^GSPC Sortino Ratio Rank: 55
^GSPC Omega Ratio Rank: 59
^GSPC Calmar Ratio Rank: 52
^GSPC Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PARWX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Parnassus Endeavor Fund (PARWX) and S&P 500 Index (^GSPC). 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.

	PARWX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.20	0.88	+0.31
Sortino ratio Return per unit of downside risk	1.74	1.37	+0.37
Omega ratio Gain probability vs. loss probability	1.26	1.21	+0.05
Calmar ratio Return relative to maximum drawdown	1.76	1.39	+0.37
Martin ratio Return relative to average drawdown	7.70	6.43	+1.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PARWX vs. ^GSPC - Sharpe Ratio Comparison

The current PARWX Sharpe Ratio is 1.20, which is higher than the ^GSPC Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of PARWX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PARWX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	0.88	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.62	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.68	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.46	+0.12

Correlation

The correlation between PARWX and ^GSPC is 0.89, 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.

Drawdowns

PARWX vs. ^GSPC - Drawdown Comparison

The maximum PARWX drawdown since its inception was -47.76%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PARWX and ^GSPC.

Drawdown Indicators

	PARWX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-47.76%	-56.78%	+9.02%
Max Drawdown (1Y) Largest decline over 1 year	-8.92%	-9.10%	+0.18%
Max Drawdown (5Y) Largest decline over 5 years	-32.27%	-25.43%	-6.84%
Max Drawdown (10Y) Largest decline over 10 years	-37.21%	-33.92%	-3.29%
Current Drawdown Current decline from peak	-5.72%	-5.67%	-0.05%
Average Drawdown Average peak-to-trough decline	-6.93%	-10.75%	+3.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	2.62%	+0.16%

Volatility

PARWX vs. ^GSPC - Volatility Comparison

The current volatility for Parnassus Endeavor Fund (PARWX) is 4.97%, while S&P 500 Index (^GSPC) has a volatility of 5.29%. This indicates that PARWX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PARWX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.97%	5.29%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	9.12%	9.55%	-0.43%
Volatility (1Y) Calculated over the trailing 1-year period	17.35%	18.33%	-0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.75%	16.90%	+1.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.06%	18.04%	+3.02%