PRBLX vs. NOSIX
Compare and contrast key facts about Parnassus Core Equity Fund (PRBLX) and Northern Stock Index Fund (NOSIX).
PRBLX is managed by Parnassus. It was launched on Aug 31, 1992. NOSIX is managed by Northern Funds. It was launched on Oct 7, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRBLX or NOSIX.
Performance
PRBLX vs. NOSIX - Performance Comparison
Returns By Period
In the year-to-date period, PRBLX achieves a 19.95% return, which is significantly lower than NOSIX's 25.49% return. Over the past 10 years, PRBLX has underperformed NOSIX with an annualized return of 5.82%, while NOSIX has yielded a comparatively higher 13.06% annualized return.
PRBLX
19.95%
-0.05%
9.48%
25.80%
8.36%
5.82%
NOSIX
25.49%
1.18%
12.20%
32.15%
15.49%
13.06%
Key characteristics
| PRBLX | NOSIX | |
|---|---|---|
| Sharpe Ratio | 2.14 | 2.61 |
| Sortino Ratio | 2.91 | 3.49 |
| Omega Ratio | 1.39 | 1.49 |
| Calmar Ratio | 1.26 | 3.78 |
| Martin Ratio | 13.80 | 16.98 |
| Ulcer Index | 1.87% | 1.88% |
| Daily Std Dev | 12.05% | 12.24% |
| Max Drawdown | -45.76% | -55.43% |
| Current Drawdown | -1.83% | -1.35% |
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PRBLX vs. NOSIX - Expense Ratio Comparison
PRBLX has a 0.82% expense ratio, which is higher than NOSIX's 0.05% expense ratio.
Correlation
The correlation between PRBLX and NOSIX is 0.92, 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
PRBLX vs. NOSIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parnassus Core Equity Fund (PRBLX) and Northern Stock Index Fund (NOSIX). 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
PRBLX vs. NOSIX - Dividend Comparison
PRBLX's dividend yield for the trailing twelve months is around 0.37%, less than NOSIX's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRBLX Parnassus Core Equity Fund | 0.37% | 0.57% | 0.49% | 0.83% | 0.57% | 0.73% | 1.14% | 1.30% | 1.02% | 2.17% | 1.46% | 1.32% |
NOSIX Northern Stock Index Fund | 1.26% | 1.56% | 1.68% | 1.15% | 1.53% | 1.70% | 2.09% | 1.73% | 2.06% | 1.99% | 1.77% | 1.74% |
Drawdowns
PRBLX vs. NOSIX - Drawdown Comparison
The maximum PRBLX drawdown since its inception was -45.76%, smaller than the maximum NOSIX drawdown of -55.43%. Use the drawdown chart below to compare losses from any high point for PRBLX and NOSIX. For additional features, visit the drawdowns tool.
Volatility
PRBLX vs. NOSIX - Volatility Comparison
Parnassus Core Equity Fund (PRBLX) and Northern Stock Index Fund (NOSIX) have volatilities of 4.07% and 4.06%, 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.