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:
0.46
SPY:
2.21
PARWX:
0.66
SPY:
2.93
PARWX:
1.10
SPY:
1.41
PARWX:
0.37
SPY:
3.26
PARWX:
1.86
SPY:
14.40
PARWX:
3.27%
SPY:
1.90%
PARWX:
13.19%
SPY:
12.44%
PARWX:
-48.96%
SPY:
-55.19%
PARWX:
-10.88%
SPY:
-1.83%
Returns By Period
In the year-to-date period, PARWX achieves a 5.48% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, PARWX has underperformed SPY with an annualized return of 7.29%, while SPY has yielded a comparatively higher 13.04% annualized return.
PARWX
5.48%
-9.34%
-0.50%
6.07%
7.79%
7.29%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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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 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 has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| 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% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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
Parnassus Endeavor Fund (PARWX) has a higher volatility of 7.09% compared to SPDR S&P 500 ETF (SPY) at 3.81%. This indicates that PARWX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.