VAFAX vs. PARNX
Compare and contrast key facts about Invesco American Franchise Fund Class A (VAFAX) and Parnassus Mid Cap Growth Fund (PARNX).
VAFAX is managed by Invesco. It was launched on Jun 23, 2005. PARNX is managed by Parnassus. It was launched on Dec 27, 1984.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VAFAX or PARNX.
Correlation
The correlation between VAFAX and PARNX is 0.84, 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
VAFAX vs. PARNX - Performance Comparison
Key characteristics
VAFAX:
1.24
PARNX:
0.49
VAFAX:
1.72
PARNX:
0.75
VAFAX:
1.23
PARNX:
1.10
VAFAX:
0.82
PARNX:
0.39
VAFAX:
6.43
PARNX:
1.65
VAFAX:
3.98%
PARNX:
5.04%
VAFAX:
20.67%
PARNX:
17.06%
VAFAX:
-54.26%
PARNX:
-71.21%
VAFAX:
-11.55%
PARNX:
-12.62%
Returns By Period
In the year-to-date period, VAFAX achieves a 3.58% return, which is significantly lower than PARNX's 5.90% return. Over the past 10 years, VAFAX has outperformed PARNX with an annualized return of 6.23%, while PARNX has yielded a comparatively lower 3.80% annualized return.
VAFAX
3.58%
3.58%
15.11%
28.60%
6.43%
6.23%
PARNX
5.90%
5.90%
4.23%
10.87%
4.14%
3.80%
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VAFAX vs. PARNX - Expense Ratio Comparison
VAFAX has a 0.95% expense ratio, which is higher than PARNX's 0.80% expense ratio.
Risk-Adjusted Performance
VAFAX vs. PARNX — Risk-Adjusted Performance Rank
VAFAX
PARNX
VAFAX vs. PARNX - Risk-Adjusted Performance Comparison
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.
Dividends
VAFAX vs. PARNX - Dividend Comparison
Neither VAFAX nor PARNX has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VAFAX Invesco American Franchise Fund Class A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PARNX Parnassus Mid Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 1.45% | 0.09% | 2.53% | 1.32% | 0.93% | 0.81% | 4.40% | 3.37% |
Drawdowns
VAFAX vs. PARNX - Drawdown Comparison
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.
Volatility
VAFAX vs. PARNX - Volatility Comparison
Invesco American Franchise Fund Class A (VAFAX) has a higher volatility of 7.71% compared to Parnassus Mid Cap Growth Fund (PARNX) at 4.51%. 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.