VAFAX vs. PARNX

In the year-to-date period, VAFAX achieves a 34.97% return, which is significantly higher than PARNX's 16.65% return. Over the past 10 years, VAFAX has outperformed PARNX with an annualized return of 5.06%, while PARNX has yielded a comparatively lower 4.40% annualized return.

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VAFAX has a 0.95% expense ratio, which is higher than PARNX's 0.80% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Invesco American Franchise Fund Class A (VAFAX) and Parnassus Mid Cap Growth Fund (PARNX). 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.

The current VAFAX Sharpe Ratio is 2.14, which is comparable to the PARNX Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of VAFAX and PARNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Neither VAFAX nor PARNX has paid dividends to shareholders.

The maximum VAFAX drawdown since its inception was -54.26%, smaller than the maximum PARNX drawdown of -71.21%. Use the drawdown chart below to compare losses from any high point for VAFAX and PARNX. For additional features, visit the drawdowns tool.

Invesco American Franchise Fund Class A (VAFAX) has a higher volatility of 5.50% compared to Parnassus Mid Cap Growth Fund (PARNX) at 5.02%. This indicates that VAFAX's price experiences larger fluctuations and is considered to be riskier than PARNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.