PARWX vs. VTI

Last updated Jun 4, 2026

PARWX (Parnassus Endeavor Fund) and VTI (Vanguard Total Stock Market ETF) are both funds - PARWX is a Large Cap Value Equities fund managed by Parnassus, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Over the past 10 years, PARWX returned 14.59%/yr vs 15.05%/yr for VTI. Their correlation of 0.90 suggests significant overlap in exposure. PARWX charges 0.88%/yr vs 0.03%/yr for VTI.

Performance

PARWX vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Parnassus Endeavor Fund (PARWX) and Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PARWX achieves a 12.10% return, which is significantly higher than VTI's 11.20% return. Both investments have delivered pretty close results over the past 10 years, with PARWX having a 14.59% annualized return and VTI not far ahead at 15.05%.

PARWX

• 1D: 0.19%
• 1M: 3.92%
• YTD: 12.10%
• 6M: 13.19%
• 1Y: 32.89%
• 3Y*: 18.93%
• 5Y*: 9.05%
• 10Y*: 14.59%

VTI

• 1D: -0.72%
• 1M: 4.99%
• YTD: 11.20%
• 6M: 11.09%
• 1Y: 28.18%
• 3Y*: 22.07%
• 5Y*: 12.69%
• 10Y*: 15.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PARWX vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PARWX Parnassus Endeavor Fund	12.10%	19.07%	12.03%	13.67%	-13.71%	31.09%	27.42%	33.28%	-13.58%	19.85%
VTI Vanguard Total Stock Market ETF	11.20%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	30.67%	-5.23%	21.21%

Correlation

The correlation between PARWX and VTI is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since May 2, 2005	0.90

The correlation between PARWX and VTI has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

Return for Risk

PARWX vs. VTI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PARWX

PARWX Risk / Return Rank: 85
PARWX Sharpe Ratio Rank: 88
PARWX Sortino Ratio Rank: 86
PARWX Omega Ratio Rank: 79
PARWX Calmar Ratio Rank: 83
PARWX Martin Ratio Rank: 90

VTI

VTI Risk / Return Rank: 68
VTI Sharpe Ratio Rank: 69
VTI Sortino Ratio Rank: 68
VTI Omega Ratio Rank: 67
VTI Calmar Ratio Rank: 62
VTI Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PARWX vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Parnassus Endeavor Fund (PARWX) and Vanguard Total Stock Market ETF (VTI). 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	VTI	Difference
Sharpe ratio: Return per unit of total volatility	2.88	2.33	+0.55
Sortino ratio: Return per unit of downside risk	4.05	3.18	+0.87
Omega ratio: Gain probability vs. loss probability	1.51	1.42	+0.10
Calmar ratio: Return relative to maximum drawdown	3.83	3.17	+0.66
Martin ratio: Return relative to average drawdown	18.04	14.62	+3.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PARWX vs. VTI - Sharpe Ratio Comparison

The current PARWX Sharpe Ratio is 2.88, which is comparable to the VTI Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of PARWX and VTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PARWX	VTI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.88	2.33	+0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.73	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.82	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.51	+0.10

Drawdowns

PARWX vs. VTI - Drawdown Comparison

The maximum PARWX drawdown since its inception was -47.76%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for PARWX and VTI.

Drawdown Indicators

	PARWX	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-47.76%	-55.45%	+7.69%
Max Drawdown (1Y) Largest decline over 1 year	-8.92%	-8.92%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-18.02%	-19.30%	+1.28%
Max Drawdown (5Y) Largest decline over 5 years	-32.27%	-25.36%	-6.91%
Max Drawdown (10Y) Largest decline over 10 years	-37.21%	-35.00%	-2.21%
Current Drawdown Current decline from peak	0.00%	-0.72%	+0.72%
Average Drawdown Average peak-to-trough decline	-6.88%	-8.03%	+1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	1.93%	-0.04%

Volatility

PARWX vs. VTI - Volatility Comparison

Parnassus Endeavor Fund (PARWX) and Vanguard Total Stock Market ETF (VTI) have volatilities of 3.09% and 2.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PARWX	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.09%	2.96%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	9.27%	9.13%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	11.87%	12.17%	-0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.70%	17.40%	+1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.05%	18.30%	+2.75%

PARWX vs. VTI - Expense Ratio Comparison

PARWX has a 0.88% expense ratio, which is higher than VTI's 0.03% expense ratio.

Dividends

PARWX vs. VTI - Dividend Comparison

PARWX's dividend yield for the trailing twelve months is around 10.83%, more than VTI's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PARWX Parnassus Endeavor Fund	10.83%	12.14%	8.25%	1.76%	2.97%	16.75%	0.70%	0.79%	12.34%	6.32%	3.27%	10.26%
VTI Vanguard Total Stock Market ETF	1.01%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both PARWX and VTI in my portfolio?

With a correlation of 0.91, PARWX and VTI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PARWX or VTI?

PARWX has higher volatility (3.09%) compared to VTI (2.96%). In terms of maximum drawdown, PARWX dropped -47.76% vs VTI's -55.45%.

Which has better risk-adjusted returns?

PARWX currently has the higher Sharpe Ratio (2.88 vs 2.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.