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PRBLX vs. ZEQT.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PRBLX vs. ZEQT.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Parnassus Core Equity Fund (PRBLX) and BMO All-Equity ETF (ZEQT.TO).

PRBLX is managed by Parnassus. It was launched on Aug 31, 1992. ZEQT.TO is an actively managed fund by BMO. It was launched on Jan 24, 2022.

Performance

PRBLX vs. ZEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Parnassus Core Equity Fund (PRBLX) and BMO All-Equity ETF (ZEQT.TO). The values are adjusted to include any dividend payments, if applicable.

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PRBLX vs. ZEQT.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022
PRBLX
Parnassus Core Equity Fund		-6.17%11.67%18.58%24.97%-11.08%
ZEQT.TO
BMO All-Equity ETF		-0.18%25.41%15.53%19.45%-11.17%
Different Trading Currencies

PRBLX is traded in USD, while ZEQT.TO is traded in CAD. To make them comparable, the ZEQT.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PRBLX achieves a -6.17% return, which is significantly lower than ZEQT.TO's -0.18% return.

PRBLX

1D
2.68%
1M
-6.10%
YTD
-6.17%
6M
-5.13%
1Y
6.94%
3Y*
13.02%
5Y*
8.22%
10Y*
12.27%

ZEQT.TO

1D
0.70%
1M
-5.28%
YTD
-0.18%
6M
2.59%
1Y
25.09%
3Y*
17.66%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Parnassus Core Equity Fund

BMO All-Equity ETF

Often compared with PRBLX:
PRBLX vs. SPYPRBLX vs. VFFSXPRBLX vs. PRCOXPRBLX vs. PRDGXPRBLX vs. VSMPXPRBLX vs. VUGPRBLX vs. TRLGX
Often compared with ZEQT.TO:
ZEQT.TO vs. XEQT.TOZEQT.TO vs. VEQT.TOZEQT.TO vs. ZSP.TOZEQT.TO vs. VFV.TOZEQT.TO vs. VGRO.TOZEQT.TO vs. HEQT.TOZEQT.TO vs. TGRO.TO

PRBLX vs. ZEQT.TO - Expense Ratio Comparison

PRBLX has a 0.82% expense ratio, which is higher than ZEQT.TO's 0.20% expense ratio.

PRBLX
Parnassus Core Equity Fund
ZEQT.TO
BMO All-Equity ETF

Return for Risk

PRBLX vs. ZEQT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PRBLX
PRBLX Risk / Return Rank: 1616
Overall Rank
PRBLX Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
PRBLX Sortino Ratio Rank: 1616
Sortino Ratio Rank
PRBLX Omega Ratio Rank: 1515
Omega Ratio Rank
PRBLX Calmar Ratio Rank: 1616
Calmar Ratio Rank
PRBLX Martin Ratio Rank: 1717
Martin Ratio Rank
ZEQT.TO
ZEQT.TO Risk / Return Rank: 7171
Overall Rank
ZEQT.TO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
ZEQT.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
ZEQT.TO Omega Ratio Rank: 7272
Omega Ratio Rank
ZEQT.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
ZEQT.TO Martin Ratio Rank: 7171
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRBLX vs. ZEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Parnassus Core Equity Fund (PRBLX) and BMO All-Equity ETF (ZEQT.TO). 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.

PRBLXZEQT.TODifference

Sharpe ratio

Return per unit of total volatility

0.44

1.47

-1.02

Sortino ratio

Return per unit of downside risk

0.76

2.10

-1.34

Omega ratio

Gain probability vs. loss probability

1.11

1.30

-0.20

Calmar ratio

Return relative to maximum drawdown

0.49

2.16

-1.68

Martin ratio

Return relative to average drawdown

1.81

9.66

-7.85

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRBLX vs. ZEQT.TO - Sharpe Ratio Comparison

The current PRBLX Sharpe Ratio is 0.44, which is lower than the ZEQT.TO Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of PRBLX and ZEQT.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

PRBLXZEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.44

1.47

-1.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.51

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.71

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.69

0.69

0.00

Correlation

The correlation between PRBLX and ZEQT.TO is 0.73, 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.

Dividends

PRBLX vs. ZEQT.TO - Dividend Comparison

PRBLX's dividend yield for the trailing twelve months is around 20.28%, more than ZEQT.TO's 1.44% yield.

TTM20252024202320222021202020192018201720162015
PRBLX
Parnassus Core Equity Fund		20.28%19.08%10.00%6.01%10.13%7.77%5.87%8.02%9.64%7.16%3.80%9.62%
ZEQT.TO
BMO All-Equity ETF		1.44%1.45%1.69%2.13%2.43%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

PRBLX vs. ZEQT.TO - Drawdown Comparison

The maximum PRBLX drawdown since its inception was -42.20%, which is greater than ZEQT.TO's maximum drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for PRBLX and ZEQT.TO.

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Drawdown Indicators

PRBLXZEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-42.20%

-16.87%

-25.33%

Max Drawdown (1Y)

Largest decline over 1 year

-11.63%

-11.90%

+0.27%

Max Drawdown (5Y)

Largest decline over 5 years

-26.31%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-30.09%

—

—

Current Drawdown

Current decline from peak

-9.24%

-5.31%

-3.93%

Average Drawdown

Average peak-to-trough decline

-4.06%

-3.09%

-0.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.14%

2.80%

+0.34%

Volatility

PRBLX vs. ZEQT.TO - Volatility Comparison

The current volatility for Parnassus Core Equity Fund (PRBLX) is 5.11%, while BMO All-Equity ETF (ZEQT.TO) has a volatility of 5.72%. This indicates that PRBLX experiences smaller price fluctuations and is considered to be less risky than ZEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PRBLXZEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.11%

5.72%

-0.61%

Volatility (6M)

Calculated over the trailing 6-month period

8.96%

10.50%

-1.54%

Volatility (1Y)

Calculated over the trailing 1-year period

16.86%

17.19%

-0.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.23%

16.62%

-0.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.24%

16.62%

+0.62%