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.
Performance
PARWX vs. VAFAX - Performance Comparison
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PARWX vs. VAFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PARWX Parnassus Endeavor Fund | -1.56% | 19.07% | 12.03% | 13.67% | -13.71% | 31.09% | 27.42% | 33.28% | -13.58% | 19.85% |
VAFAX Invesco American Franchise Fund Class A | -9.70% | 11.86% | 34.78% | 40.91% | -31.20% | 11.13% | 42.15% | 36.55% | -3.99% | 27.11% |
Returns By Period
In the year-to-date period, PARWX achieves a -1.56% return, which is significantly higher than VAFAX's -9.70% return. Both investments have delivered pretty close results over the past 10 years, with PARWX having a 13.56% annualized return and VAFAX not far ahead at 13.99%.
PARWX
- 1D
- 2.57%
- 1M
- -5.65%
- YTD
- -1.56%
- 6M
- 2.76%
- 1Y
- 19.46%
- 3Y*
- 13.74%
- 5Y*
- 7.23%
- 10Y*
- 13.56%
VAFAX
- 1D
- 4.44%
- 1M
- -5.93%
- YTD
- -9.70%
- 6M
- -12.22%
- 1Y
- 14.68%
- 3Y*
- 19.34%
- 5Y*
- 7.06%
- 10Y*
- 13.99%
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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.
Return for Risk
PARWX vs. VAFAX — Risk / Return Rank
PARWX
VAFAX
PARWX vs. VAFAX - Risk-Adjusted Trends 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.
| PARWX | VAFAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 0.63 | +0.51 |
Sortino ratioReturn per unit of downside risk | 1.67 | 1.06 | +0.61 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.15 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 0.65 | +0.85 |
Martin ratioReturn relative to average drawdown | 6.63 | 2.03 | +4.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PARWX | VAFAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 0.63 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.31 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.63 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.53 | +0.05 |
Correlation
The correlation between PARWX and VAFAX is 0.79, 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.
Dividends
PARWX vs. VAFAX - Dividend Comparison
PARWX's dividend yield for the trailing twelve months is around 12.34%, less than VAFAX's 15.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARWX Parnassus Endeavor Fund | 12.34% | 12.14% | 8.25% | 1.76% | 2.97% | 16.75% | 0.70% | 0.79% | 12.34% | 6.32% | 3.27% | 10.26% |
VAFAX Invesco American Franchise Fund Class A | 15.61% | 14.09% | 3.74% | 0.00% | 8.32% | 26.50% | 8.78% | 6.85% | 10.42% | 5.37% | 4.08% | 4.90% |
Drawdowns
PARWX vs. VAFAX - Drawdown Comparison
The maximum PARWX drawdown since its inception was -47.76%, roughly equal to the maximum VAFAX drawdown of -48.48%. Use the drawdown chart below to compare losses from any high point for PARWX and VAFAX.
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Drawdown Indicators
| PARWX | VAFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.76% | -48.48% | +0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -12.20% | -19.27% | +7.07% |
Max Drawdown (5Y)Largest decline over 5 years | -32.27% | -38.86% | +6.59% |
Max Drawdown (10Y)Largest decline over 10 years | -37.21% | -38.86% | +1.65% |
Current DrawdownCurrent decline from peak | -6.59% | -15.69% | +9.10% |
Average DrawdownAverage peak-to-trough decline | -6.93% | -8.16% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 6.14% | -3.38% |
Volatility
PARWX vs. VAFAX - Volatility Comparison
The current volatility for Parnassus Endeavor Fund (PARWX) is 4.93%, while Invesco American Franchise Fund Class A (VAFAX) has a volatility of 8.31%. This indicates that PARWX experiences smaller price fluctuations and is considered to be less risky than VAFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PARWX | VAFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 8.31% | -3.38% |
Volatility (6M)Calculated over the trailing 6-month period | 9.08% | 15.69% | -6.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.34% | 25.39% | -8.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.76% | 23.03% | -4.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.06% | 22.23% | -1.17% |