SCHM vs. PARMX
Compare and contrast key facts about Schwab US Mid-Cap ETF (SCHM) and Parnassus Mid Cap Fund (PARMX).
SCHM is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones US Total Stock Market Mid-Cap. It was launched on Jan 13, 2011. PARMX is managed by Parnassus. It was launched on Apr 29, 2005.
Performance
SCHM vs. PARMX - Performance Comparison
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SCHM vs. PARMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHM Schwab US Mid-Cap ETF | 4.18% | 10.17% | 11.98% | 16.69% | -17.07% | 19.36% | 15.26% | 27.48% | -8.77% | 19.60% |
PARMX Parnassus Mid Cap Fund | -2.35% | 12.86% | 10.05% | 12.66% | -21.41% | 16.38% | 14.88% | 28.74% | -6.67% | 15.80% |
Returns By Period
In the year-to-date period, SCHM achieves a 4.18% return, which is significantly higher than PARMX's -2.35% return. Over the past 10 years, SCHM has outperformed PARMX with an annualized return of 10.30%, while PARMX has yielded a comparatively lower 8.41% annualized return.
SCHM
- 1D
- 0.94%
- 1M
- -5.24%
- YTD
- 4.18%
- 6M
- 5.69%
- 1Y
- 20.54%
- 3Y*
- 13.06%
- 5Y*
- 6.01%
- 10Y*
- 10.30%
PARMX
- 1D
- 2.66%
- 1M
- -7.10%
- YTD
- -2.35%
- 6M
- -1.51%
- 1Y
- 12.93%
- 3Y*
- 10.79%
- 5Y*
- 3.57%
- 10Y*
- 8.41%
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SCHM vs. PARMX - Expense Ratio Comparison
SCHM has a 0.04% expense ratio, which is lower than PARMX's 0.96% expense ratio.
Return for Risk
SCHM vs. PARMX — Risk / Return Rank
SCHM
PARMX
SCHM vs. PARMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab US Mid-Cap ETF (SCHM) and Parnassus Mid Cap Fund (PARMX). 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.
| SCHM | PARMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 0.69 | +0.28 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.12 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.15 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 0.98 | +0.51 |
Martin ratioReturn relative to average drawdown | 6.50 | 3.91 | +2.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SCHM | PARMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.69 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.21 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.48 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.45 | +0.10 |
Correlation
The correlation between SCHM and PARMX 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.
Dividends
SCHM vs. PARMX - Dividend Comparison
SCHM's dividend yield for the trailing twelve months is around 1.40%, less than PARMX's 10.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHM Schwab US Mid-Cap ETF | 1.40% | 1.46% | 1.43% | 1.50% | 1.67% | 1.13% | 1.31% | 1.48% | 1.56% | 1.27% | 1.51% | 1.54% |
PARMX Parnassus Mid Cap Fund | 10.49% | 10.25% | 9.92% | 2.29% | 4.90% | 4.88% | 0.36% | 4.15% | 3.90% | 4.19% | 2.76% | 6.42% |
Drawdowns
SCHM vs. PARMX - Drawdown Comparison
The maximum SCHM drawdown since its inception was -42.43%, smaller than the maximum PARMX drawdown of -49.88%. Use the drawdown chart below to compare losses from any high point for SCHM and PARMX.
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Drawdown Indicators
| SCHM | PARMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.43% | -49.88% | +7.45% |
Max Drawdown (1Y)Largest decline over 1 year | -14.16% | -12.25% | -1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -26.46% | -29.27% | +2.81% |
Max Drawdown (10Y)Largest decline over 10 years | -42.43% | -37.39% | -5.04% |
Current DrawdownCurrent decline from peak | -5.44% | -8.10% | +2.66% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -6.94% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 3.07% | +0.17% |
Volatility
SCHM vs. PARMX - Volatility Comparison
Schwab US Mid-Cap ETF (SCHM) has a higher volatility of 6.80% compared to Parnassus Mid Cap Fund (PARMX) at 5.61%. This indicates that SCHM's price experiences larger fluctuations and is considered to be riskier than PARMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHM | PARMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.80% | 5.61% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 12.07% | 11.06% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.15% | 19.39% | +1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.51% | 17.49% | +2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.41% | 17.64% | +2.77% |