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 | 15.71% | 26.84% |
| 1Y Return | 29.02% | 37.57% |
| 3Y Return (Ann) | -0.68% | 10.21% |
| 5Y Return (Ann) | 11.13% | 15.93% |
| 10Y Return (Ann) | 8.29% | 13.40% |
| Sharpe Ratio | 2.41 | 3.06 |
| Sortino Ratio | 3.30 | 4.08 |
| Omega Ratio | 1.43 | 1.58 |
| Calmar Ratio | 1.19 | 4.45 |
| Martin Ratio | 11.47 | 20.15 |
| Ulcer Index | 2.51% | 1.86% |
| Daily Std Dev | 11.91% | 12.21% |
| Max Drawdown | -48.96% | -55.25% |
| Current Drawdown | -2.03% | -0.31% |
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 15.71% return, which is significantly lower than IVV's 26.84% return. Over the past 10 years, PARWX has underperformed IVV with an annualized return of 8.29%, while IVV has yielded a comparatively higher 13.40% annualized return. 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 1.03%, less than IVV's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARWX Parnassus Endeavor Fund | 1.03% | 1.20% | 1.19% | 1.80% | 0.70% | 0.79% | 1.80% | 2.08% | 0.98% | 3.11% | 1.71% | 1.85% |
IVV iShares Core S&P 500 ETF | 1.24% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% | 1.80% |
Drawdowns
PARWX vs. IVV - Drawdown Comparison
The maximum PARWX drawdown since its inception was -48.96%, 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 3.36%, while iShares Core S&P 500 ETF (IVV) has a volatility of 3.89%. 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.