PARWX vs. IVV
Compare and contrast key facts about Parnassus Endeavor Fund (PARWX) and iShares Core S&P 500 ETF (IVV).
PARWX is managed by Parnassus. It was launched on Apr 29, 2005. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PARWX or IVV.
Key characteristics
PARWX | IVV | |
---|---|---|
YTD Return | 11.87% | 18.92% |
1Y Return | 22.23% | 28.22% |
3Y Return (Ann) | 5.22% | 9.94% |
5Y Return (Ann) | 14.73% | 15.31% |
10Y Return (Ann) | 12.90% | 12.86% |
Sharpe Ratio | 1.73 | 2.22 |
Daily Std Dev | 12.56% | 12.61% |
Max Drawdown | -47.76% | -55.25% |
Current Drawdown | -0.33% | -0.61% |
Correlation
The correlation between PARWX and IVV 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.
Performance
PARWX vs. IVV - Performance Comparison
In the year-to-date period, PARWX achieves a 11.87% return, which is significantly lower than IVV's 18.92% return. Both investments have delivered pretty close results over the past 10 years, with PARWX having a 12.90% annualized return and IVV not far behind at 12.86%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PARWX vs. IVV - Expense Ratio Comparison
PARWX has a 0.88% expense ratio, which is higher than IVV's 0.03% expense ratio.
Risk-Adjusted Performance
PARWX vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parnassus Endeavor Fund (PARWX) and iShares Core S&P 500 ETF (IVV). 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
PARWX vs. IVV - Dividend Comparison
PARWX's dividend yield for the trailing twelve months is around 1.57%, more than IVV's 1.27% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Parnassus Endeavor Fund | 1.57% | 1.76% | 2.97% | 16.75% | 0.70% | 0.79% | 12.34% | 6.32% | 3.27% | 10.26% | 6.72% | 7.52% |
iShares Core S&P 500 ETF | 1.27% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.20% | 1.75% | 2.01% | 2.26% | 1.82% | 1.80% |
Drawdowns
PARWX vs. IVV - Drawdown Comparison
The maximum PARWX drawdown since its inception was -47.76%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for PARWX and IVV. For additional features, visit the drawdowns tool.
Volatility
PARWX vs. IVV - Volatility Comparison
The current volatility for Parnassus Endeavor Fund (PARWX) is 3.18%, while iShares Core S&P 500 ETF (IVV) has a volatility of 3.85%. This indicates that PARWX experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.