PARWX vs. VOO
Compare and contrast key facts about Parnassus Endeavor Fund (PARWX) and Vanguard S&P 500 ETF (VOO).
PARWX is managed by Parnassus. It was launched on Apr 29, 2005. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PARWX or VOO.
Performance
PARWX vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, PARWX achieves a 13.99% return, which is significantly lower than VOO's 25.48% return. Over the past 10 years, PARWX has underperformed VOO with an annualized return of 7.95%, while VOO has yielded a comparatively higher 13.15% annualized return.
PARWX
13.99%
-0.93%
6.08%
22.69%
10.85%
7.95%
VOO
25.48%
0.99%
11.84%
31.84%
15.62%
13.15%
Key characteristics
| PARWX | VOO | |
|---|---|---|
| Sharpe Ratio | 2.01 | 2.69 |
| Sortino Ratio | 2.76 | 3.59 |
| Omega Ratio | 1.35 | 1.50 |
| Calmar Ratio | 1.10 | 3.89 |
| Martin Ratio | 9.38 | 17.64 |
| Ulcer Index | 2.52% | 1.86% |
| Daily Std Dev | 11.78% | 12.20% |
| Max Drawdown | -48.96% | -33.99% |
| Current Drawdown | -3.49% | -1.40% |
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PARWX vs. VOO - Expense Ratio Comparison
PARWX has a 0.88% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between PARWX and VOO 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.
Risk-Adjusted Performance
PARWX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parnassus Endeavor Fund (PARWX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
PARWX's dividend yield for the trailing twelve months is around 1.05%, less than VOO's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARWX Parnassus Endeavor Fund | 1.05% | 1.20% | 1.19% | 1.80% | 0.70% | 0.79% | 1.80% | 2.08% | 0.98% | 3.11% | 1.71% | 1.85% |
VOO Vanguard S&P 500 ETF | 1.25% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
PARWX vs. VOO - Drawdown Comparison
The maximum PARWX drawdown since its inception was -48.96%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PARWX and VOO. For additional features, visit the drawdowns tool.
Volatility
PARWX vs. VOO - Volatility Comparison
The current volatility for Parnassus Endeavor Fund (PARWX) is 3.43%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.10%. This indicates that PARWX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.