PARWX vs. VAFAX
Compare and contrast key facts about Parnassus Endeavor Fund (PARWX) and Invesco American Franchise Fund Class A (VAFAX).
PARWX is managed by Parnassus. It was launched on Apr 29, 2005. VAFAX is managed by Invesco. It was launched on Jun 23, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PARWX or VAFAX.
Correlation
The correlation between PARWX and VAFAX is 0.80, 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. VAFAX - Performance Comparison
Key characteristics
PARWX:
0.50
VAFAX:
1.73
PARWX:
0.71
VAFAX:
2.30
PARWX:
1.10
VAFAX:
1.31
PARWX:
0.40
VAFAX:
0.93
PARWX:
2.14
VAFAX:
9.36
PARWX:
3.11%
VAFAX:
3.61%
PARWX:
13.25%
VAFAX:
19.61%
PARWX:
-48.96%
VAFAX:
-54.26%
PARWX:
-12.04%
VAFAX:
-13.44%
Returns By Period
In the year-to-date period, PARWX achieves a 4.12% return, which is significantly lower than VAFAX's 31.87% return. Over the past 10 years, PARWX has outperformed VAFAX with an annualized return of 7.19%, while VAFAX has yielded a comparatively lower 5.92% annualized return.
PARWX
4.12%
-8.80%
-1.66%
5.07%
7.49%
7.19%
VAFAX
31.87%
-2.20%
7.13%
32.34%
6.29%
5.92%
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PARWX vs. VAFAX - Expense Ratio Comparison
PARWX has a 0.88% expense ratio, which is lower than VAFAX's 0.95% expense ratio.
Risk-Adjusted Performance
PARWX vs. VAFAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parnassus Endeavor Fund (PARWX) and Invesco American Franchise Fund Class A (VAFAX). 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. VAFAX - Dividend Comparison
Neither PARWX nor VAFAX has paid dividends to shareholders.
| 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% |
VAFAX Invesco American Franchise Fund Class A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.11% |
Drawdowns
PARWX vs. VAFAX - Drawdown Comparison
The maximum PARWX drawdown since its inception was -48.96%, smaller than the maximum VAFAX drawdown of -54.26%. Use the drawdown chart below to compare losses from any high point for PARWX and VAFAX. For additional features, visit the drawdowns tool.
Volatility
PARWX vs. VAFAX - Volatility Comparison
Parnassus Endeavor Fund (PARWX) has a higher volatility of 7.20% compared to Invesco American Franchise Fund Class A (VAFAX) at 6.24%. This indicates that PARWX's price experiences larger fluctuations and is considered to be riskier than VAFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.