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PEOPX vs. PRBLX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

PEOPX vs. PRBLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon S&P 500 Index Fund (PEOPX) and Parnassus Core Equity Fund (PRBLX). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
13.40%
11.18%
PEOPX
PRBLX

Returns By Period

In the year-to-date period, PEOPX achieves a 25.70% return, which is significantly higher than PRBLX's 21.02% return. Over the past 10 years, PEOPX has underperformed PRBLX with an annualized return of 2.92%, while PRBLX has yielded a comparatively higher 5.87% annualized return.


PEOPX

YTD

25.70%

1M

1.74%

6M

13.39%

1Y

24.04%

5Y (annualized)

4.28%

10Y (annualized)

2.92%

PRBLX

YTD

21.02%

1M

1.22%

6M

11.18%

1Y

26.54%

5Y (annualized)

8.55%

10Y (annualized)

5.87%

Key characteristics


PEOPXPRBLX
Sharpe Ratio1.852.23
Sortino Ratio2.373.02
Omega Ratio1.361.41
Calmar Ratio1.091.31
Martin Ratio9.4514.40
Ulcer Index2.60%1.87%
Daily Std Dev13.28%12.08%
Max Drawdown-55.51%-45.76%
Current Drawdown-0.92%-0.95%

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PEOPX vs. PRBLX - Expense Ratio Comparison

PEOPX has a 0.50% expense ratio, which is lower than PRBLX's 0.82% expense ratio.


PRBLX
Parnassus Core Equity Fund
Expense ratio chart for PRBLX: current value at 0.82% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.82%
Expense ratio chart for PEOPX: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%

Correlation

-0.50.00.51.00.9

The correlation between PEOPX and PRBLX is 0.89, 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

PEOPX vs. PRBLX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon S&P 500 Index Fund (PEOPX) and Parnassus Core Equity Fund (PRBLX). 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.


Sharpe ratio
The chart of Sharpe ratio for PEOPX, currently valued at 1.85, compared to the broader market-1.000.001.002.003.004.005.001.852.23
The chart of Sortino ratio for PEOPX, currently valued at 2.37, compared to the broader market0.005.0010.002.373.02
The chart of Omega ratio for PEOPX, currently valued at 1.36, compared to the broader market1.002.003.004.001.361.41
The chart of Calmar ratio for PEOPX, currently valued at 1.09, compared to the broader market0.005.0010.0015.0020.001.091.31
The chart of Martin ratio for PEOPX, currently valued at 9.45, compared to the broader market0.0020.0040.0060.0080.00100.009.4514.40
PEOPX
PRBLX

The current PEOPX Sharpe Ratio is 1.85, which is comparable to the PRBLX Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of PEOPX and PRBLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.85
2.23
PEOPX
PRBLX

Dividends

PEOPX vs. PRBLX - Dividend Comparison

PEOPX's dividend yield for the trailing twelve months is around 0.93%, more than PRBLX's 0.36% yield.


TTM20232022202120202019201820172016201520142013
PEOPX
BNY Mellon S&P 500 Index Fund
0.93%1.17%1.42%0.97%1.42%1.68%1.92%1.60%1.86%1.79%1.61%1.51%
PRBLX
Parnassus Core Equity Fund
0.36%0.57%0.49%0.83%0.57%0.73%1.14%1.30%1.02%2.17%1.46%1.32%

Drawdowns

PEOPX vs. PRBLX - Drawdown Comparison

The maximum PEOPX drawdown since its inception was -55.51%, which is greater than PRBLX's maximum drawdown of -45.76%. Use the drawdown chart below to compare losses from any high point for PEOPX and PRBLX. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.92%
-0.95%
PEOPX
PRBLX

Volatility

PEOPX vs. PRBLX - Volatility Comparison

BNY Mellon S&P 500 Index Fund (PEOPX) and Parnassus Core Equity Fund (PRBLX) have volatilities of 3.95% and 4.08%, 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.


2.00%3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
3.95%
4.08%
PEOPX
PRBLX