PRBLX vs. VUG
Compare and contrast key facts about Parnassus Core Equity Fund (PRBLX) and Vanguard Growth ETF (VUG).
PRBLX is managed by Parnassus. It was launched on Aug 31, 1992. VUG is a passively managed fund by Vanguard that tracks the performance of the CRSP U.S. Large Cap Growth Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRBLX or VUG.
Key characteristics
| PRBLX | VUG | |
|---|---|---|
| YTD Return | 7.61% | 10.61% |
| 1Y Return | 23.27% | 36.66% |
| 3Y Return (Ann) | 7.25% | 8.88% |
| 5Y Return (Ann) | 13.88% | 17.39% |
| 10Y Return (Ann) | 12.02% | 15.06% |
| Sharpe Ratio | 1.98 | 2.38 |
| Daily Std Dev | 11.63% | 15.59% |
| Max Drawdown | -42.20% | -50.68% |
| Current Drawdown | -2.20% | -0.83% |
Correlation
The correlation between PRBLX and VUG 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.
Performance
PRBLX vs. VUG - Performance Comparison
In the year-to-date period, PRBLX achieves a 7.61% return, which is significantly lower than VUG's 10.61% return. Over the past 10 years, PRBLX has underperformed VUG with an annualized return of 12.02%, while VUG has yielded a comparatively higher 15.06% annualized return. 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. VUG - Expense Ratio Comparison
PRBLX has a 0.82% expense ratio, which is higher than VUG's 0.04% expense ratio.
Risk-Adjusted Performance
PRBLX vs. VUG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parnassus Core Equity Fund (PRBLX) and Vanguard Growth ETF (VUG). 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. VUG - Dividend Comparison
PRBLX's dividend yield for the trailing twelve months is around 5.59%, more than VUG's 0.54% 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% |
VUG Vanguard Growth ETF | 0.54% | 0.58% | 0.70% | 0.48% | 0.66% | 0.95% | 1.32% | 1.14% | 1.39% | 1.30% | 1.21% | 1.19% |
Drawdowns
PRBLX vs. VUG - Drawdown Comparison
The maximum PRBLX drawdown since its inception was -42.20%, smaller than the maximum VUG drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for PRBLX and VUG. For additional features, visit the drawdowns tool.
Volatility
PRBLX vs. VUG - Volatility Comparison
The current volatility for Parnassus Core Equity Fund (PRBLX) is 4.08%, while Vanguard Growth ETF (VUG) has a volatility of 5.81%. This indicates that PRBLX experiences smaller price fluctuations and is considered to be less risky than VUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.