PRBLX vs. SPY
Compare and contrast key facts about Parnassus Core Equity Fund (PRBLX) and SPDR S&P 500 ETF (SPY).
PRBLX is managed by Parnassus. It was launched on Aug 31, 1992. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRBLX or SPY.
Correlation
The correlation between PRBLX and SPY is 0.88, 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. SPY - Performance Comparison
Key characteristics
PRBLX:
-0.18
SPY:
0.68
PRBLX:
-0.12
SPY:
0.98
PRBLX:
0.98
SPY:
1.13
PRBLX:
-0.18
SPY:
0.95
PRBLX:
-0.42
SPY:
3.13
PRBLX:
6.56%
SPY:
3.03%
PRBLX:
15.56%
SPY:
13.89%
PRBLX:
-45.76%
SPY:
-55.19%
PRBLX:
-13.83%
SPY:
-7.62%
Returns By Period
In the year-to-date period, PRBLX achieves a -1.54% return, which is significantly higher than SPY's -3.39% return. Over the past 10 years, PRBLX has underperformed SPY with an annualized return of 4.78%, while SPY has yielded a comparatively higher 12.54% annualized return.
PRBLX
-1.54%
-2.53%
-8.86%
-2.17%
9.78%
4.78%
SPY
-3.39%
-3.01%
-0.13%
10.19%
19.68%
12.54%
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PRBLX vs. SPY - Expense Ratio Comparison
PRBLX has a 0.82% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PRBLX vs. SPY — Risk-Adjusted Performance Rank
PRBLX
SPY
PRBLX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parnassus Core Equity Fund (PRBLX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
PRBLX's dividend yield for the trailing twelve months is around 0.27%, less than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRBLX Parnassus Core Equity Fund | 0.27% | 0.38% | 0.57% | 0.49% | 0.83% | 0.57% | 0.73% | 1.14% | 1.30% | 1.02% | 2.17% | 1.46% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PRBLX vs. SPY - Drawdown Comparison
The maximum PRBLX drawdown since its inception was -45.76%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PRBLX and SPY. For additional features, visit the drawdowns tool.
Volatility
PRBLX vs. SPY - Volatility Comparison
The current volatility for Parnassus Core Equity Fund (PRBLX) is 5.08%, while SPDR S&P 500 ETF (SPY) has a volatility of 5.76%. This indicates that PRBLX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.