PRBLX vs. PRCOX
Compare and contrast key facts about Parnassus Core Equity Fund (PRBLX) and T. Rowe Price U.S. Equity Research Fund (PRCOX).
PRBLX is managed by Parnassus. It was launched on Aug 31, 1992. PRCOX is managed by T. Rowe Price. It was launched on Nov 30, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRBLX or PRCOX.
Performance
PRBLX vs. PRCOX - Performance Comparison
Returns By Period
In the year-to-date period, PRBLX achieves a 21.02% return, which is significantly lower than PRCOX's 27.29% return. Over the past 10 years, PRBLX has underperformed PRCOX with an annualized return of 5.87%, while PRCOX has yielded a comparatively higher 10.39% annualized return.
PRBLX
21.02%
1.22%
11.18%
26.54%
8.55%
5.87%
PRCOX
27.29%
1.70%
13.12%
33.49%
15.55%
10.39%
Key characteristics
| PRBLX | PRCOX | |
|---|---|---|
| Sharpe Ratio | 2.23 | 2.72 |
| Sortino Ratio | 3.02 | 3.61 |
| Omega Ratio | 1.41 | 1.50 |
| Calmar Ratio | 1.31 | 3.84 |
| Martin Ratio | 14.40 | 17.48 |
| Ulcer Index | 1.87% | 1.95% |
| Daily Std Dev | 12.08% | 12.55% |
| Max Drawdown | -45.76% | -58.69% |
| Current Drawdown | -0.95% | -0.87% |
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PRBLX vs. PRCOX - Expense Ratio Comparison
PRBLX has a 0.82% expense ratio, which is higher than PRCOX's 0.42% expense ratio.
Correlation
The correlation between PRBLX and PRCOX 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
PRBLX vs. PRCOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parnassus Core Equity Fund (PRBLX) and T. Rowe Price U.S. Equity Research Fund (PRCOX). 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. PRCOX - Dividend Comparison
PRBLX's dividend yield for the trailing twelve months is around 0.36%, less than PRCOX's 0.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PRCOX T. Rowe Price U.S. Equity Research Fund | 0.92% | 1.17% | 0.88% | 0.69% | 0.87% | 0.55% | 1.23% | 1.07% | 1.24% | 1.64% | 1.12% | 0.92% |
Drawdowns
PRBLX vs. PRCOX - Drawdown Comparison
The maximum PRBLX drawdown since its inception was -45.76%, smaller than the maximum PRCOX drawdown of -58.69%. Use the drawdown chart below to compare losses from any high point for PRBLX and PRCOX. For additional features, visit the drawdowns tool.
Volatility
PRBLX vs. PRCOX - Volatility Comparison
Parnassus Core Equity Fund (PRBLX) and T. Rowe Price U.S. Equity Research Fund (PRCOX) have volatilities of 4.08% and 4.02%, 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.