PARWX vs. QQQ
Compare and contrast key facts about Parnassus Endeavor Fund (PARWX) and Invesco QQQ (QQQ).
PARWX is managed by Parnassus. It was launched on Apr 29, 2005. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PARWX or QQQ.
Correlation
The correlation between PARWX and QQQ is 0.81, 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. QQQ - Performance Comparison
Key characteristics
PARWX:
0.46
QQQ:
1.71
PARWX:
0.66
QQQ:
2.27
PARWX:
1.10
QQQ:
1.31
PARWX:
0.37
QQQ:
2.26
PARWX:
1.86
QQQ:
8.12
PARWX:
3.27%
QQQ:
3.77%
PARWX:
13.19%
QQQ:
17.88%
PARWX:
-48.96%
QQQ:
-82.98%
PARWX:
-10.88%
QQQ:
-1.37%
Returns By Period
In the year-to-date period, PARWX achieves a 5.48% return, which is significantly lower than QQQ's 30.18% return. Over the past 10 years, PARWX has underperformed QQQ with an annualized return of 7.29%, while QQQ has yielded a comparatively higher 18.54% annualized return.
PARWX
5.48%
-9.34%
-0.50%
6.07%
7.79%
7.29%
QQQ
30.18%
4.95%
10.88%
30.61%
20.73%
18.54%
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PARWX vs. QQQ - Expense Ratio Comparison
PARWX has a 0.88% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
PARWX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parnassus Endeavor Fund (PARWX) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
PARWX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.58%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARWX Parnassus Endeavor Fund | 0.00% | 1.20% | 1.19% | 1.80% | 0.70% | 0.79% | 1.80% | 2.08% | 0.98% | 3.11% | 1.71% | 1.85% |
QQQ Invesco QQQ | 0.58% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
PARWX vs. QQQ - Drawdown Comparison
The maximum PARWX drawdown since its inception was -48.96%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PARWX and QQQ. For additional features, visit the drawdowns tool.
Volatility
PARWX vs. QQQ - Volatility Comparison
Parnassus Endeavor Fund (PARWX) has a higher volatility of 7.09% compared to Invesco QQQ (QQQ) at 5.48%. This indicates that PARWX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.