PARWX vs. SPY
Compare and contrast key facts about Parnassus Endeavor Fund (PARWX) and SPDR S&P 500 ETF (SPY).
PARWX is managed by Parnassus. It was launched on Apr 29, 2005. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PARWX or SPY.
Correlation
The correlation between PARWX and SPY is 0.88, 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. SPY - Performance Comparison
Key characteristics
PARWX:
-0.42
SPY:
0.34
PARWX:
-0.46
SPY:
0.62
PARWX:
0.93
SPY:
1.09
PARWX:
-0.33
SPY:
0.35
PARWX:
-1.11
SPY:
1.64
PARWX:
6.88%
SPY:
4.00%
PARWX:
18.17%
SPY:
19.55%
PARWX:
-48.96%
SPY:
-55.19%
PARWX:
-17.87%
SPY:
-12.02%
Returns By Period
In the year-to-date period, PARWX achieves a -7.32% return, which is significantly higher than SPY's -7.99% return. Over the past 10 years, PARWX has underperformed SPY with an annualized return of 6.17%, while SPY has yielded a comparatively higher 11.91% annualized return.
PARWX
-7.32%
-5.78%
-14.66%
-7.04%
11.19%
6.17%
SPY
-7.99%
-4.19%
-6.68%
7.93%
15.74%
11.91%
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PARWX vs. SPY - Expense Ratio Comparison
PARWX has a 0.88% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PARWX vs. SPY — Risk-Adjusted Performance Rank
PARWX
SPY
PARWX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parnassus Endeavor Fund (PARWX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
PARWX's dividend yield for the trailing twelve months is around 1.15%, less than SPY's 1.33% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARWX Parnassus Endeavor Fund | 1.15% | 1.07% | 1.20% | 1.19% | 1.80% | 0.70% | 0.79% | 1.80% | 2.08% | 0.98% | 3.11% | 1.71% |
SPY SPDR S&P 500 ETF | 1.33% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PARWX vs. SPY - Drawdown Comparison
The maximum PARWX drawdown since its inception was -48.96%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PARWX and SPY. For additional features, visit the drawdowns tool.
Volatility
PARWX vs. SPY - Volatility Comparison
The current volatility for Parnassus Endeavor Fund (PARWX) is 12.24%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.47%. This indicates that PARWX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.