PRBLX vs. PRDGX
Compare and contrast key facts about Parnassus Core Equity Fund (PRBLX) and T. Rowe Price Dividend Growth Fund, Inc. (PRDGX).
PRBLX is managed by Parnassus. It was launched on Aug 31, 1992. PRDGX is managed by T. Rowe Price. It was launched on Dec 30, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRBLX or PRDGX.
Key characteristics
| PRBLX | PRDGX | |
|---|---|---|
| YTD Return | 7.61% | 7.19% |
| 1Y Return | 23.27% | 17.96% |
| 3Y Return (Ann) | 7.25% | 7.00% |
| 5Y Return (Ann) | 13.88% | 12.42% |
| 10Y Return (Ann) | 12.02% | 11.90% |
| Sharpe Ratio | 1.98 | 1.89 |
| Daily Std Dev | 11.63% | 9.43% |
| Max Drawdown | -42.20% | -49.79% |
| Current Drawdown | -2.20% | -0.84% |
Correlation
The correlation between PRBLX and PRDGX 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.
Performance
PRBLX vs. PRDGX - Performance Comparison
In the year-to-date period, PRBLX achieves a 7.61% return, which is significantly higher than PRDGX's 7.19% return. Both investments have delivered pretty close results over the past 10 years, with PRBLX having a 12.02% annualized return and PRDGX not far behind at 11.90%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PRBLX vs. PRDGX - Expense Ratio Comparison
PRBLX has a 0.82% expense ratio, which is higher than PRDGX's 0.62% expense ratio.
Risk-Adjusted Performance
PRBLX vs. PRDGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parnassus Core Equity Fund (PRBLX) and T. Rowe Price Dividend Growth Fund, Inc. (PRDGX). 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. PRDGX - Dividend Comparison
PRBLX's dividend yield for the trailing twelve months is around 5.59%, more than PRDGX's 2.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRBLX Parnassus Core Equity Fund | 5.59% | 6.01% | 10.13% | 7.77% | 5.87% | 8.02% | 9.64% | 7.16% | 3.80% | 9.62% | 3.12% | 6.42% |
PRDGX T. Rowe Price Dividend Growth Fund, Inc. | 2.60% | 2.78% | 3.81% | 2.00% | 1.03% | 1.78% | 3.67% | 2.19% | 3.07% | 7.57% | 4.43% | 1.87% |
Drawdowns
PRBLX vs. PRDGX - Drawdown Comparison
The maximum PRBLX drawdown since its inception was -42.20%, smaller than the maximum PRDGX drawdown of -49.79%. Use the drawdown chart below to compare losses from any high point for PRBLX and PRDGX. For additional features, visit the drawdowns tool.
Volatility
PRBLX vs. PRDGX - Volatility Comparison
Parnassus Core Equity Fund (PRBLX) has a higher volatility of 4.08% compared to T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) at 2.96%. This indicates that PRBLX's price experiences larger fluctuations and is considered to be riskier than PRDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.