VAFAX vs. PARWX
Compare and contrast key facts about Invesco American Franchise Fund Class A (VAFAX) and Parnassus Endeavor Fund (PARWX).
VAFAX is managed by Invesco. It was launched on Jun 23, 2005. PARWX is managed by Parnassus. It was launched on Apr 29, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VAFAX or PARWX.
Performance
VAFAX vs. PARWX - Performance Comparison
Returns By Period
In the year-to-date period, VAFAX achieves a 34.97% return, which is significantly higher than PARWX's 16.34% return. Over the past 10 years, VAFAX has underperformed PARWX with an annualized return of 5.06%, while PARWX has yielded a comparatively higher 8.63% annualized return.
VAFAX
34.97%
4.64%
14.52%
40.45%
6.37%
5.06%
PARWX
16.34%
2.91%
9.62%
24.88%
11.17%
8.63%
Key characteristics
| VAFAX | PARWX | |
|---|---|---|
| Sharpe Ratio | 2.14 | 2.11 |
| Sortino Ratio | 2.81 | 2.89 |
| Omega Ratio | 1.39 | 1.37 |
| Calmar Ratio | 1.07 | 1.17 |
| Martin Ratio | 11.49 | 9.86 |
| Ulcer Index | 3.52% | 2.52% |
| Daily Std Dev | 18.91% | 11.82% |
| Max Drawdown | -54.26% | -48.96% |
| Current Drawdown | -11.41% | -1.49% |
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VAFAX vs. PARWX - Expense Ratio Comparison
VAFAX has a 0.95% expense ratio, which is higher than PARWX's 0.88% expense ratio.
Correlation
The correlation between VAFAX and PARWX is 0.80, 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.
Risk-Adjusted Performance
VAFAX vs. PARWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco American Franchise Fund Class A (VAFAX) and Parnassus Endeavor Fund (PARWX). 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. PARWX - Dividend Comparison
VAFAX has not paid dividends to shareholders, while PARWX's dividend yield for the trailing twelve months is around 1.03%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.11% |
PARWX Parnassus Endeavor Fund | 1.03% | 1.20% | 1.19% | 1.80% | 0.70% | 0.79% | 1.80% | 2.08% | 0.98% | 3.11% | 1.71% | 1.85% |
Drawdowns
VAFAX vs. PARWX - Drawdown Comparison
The maximum VAFAX drawdown since its inception was -54.26%, which is greater than PARWX's maximum drawdown of -48.96%. Use the drawdown chart below to compare losses from any high point for VAFAX and PARWX. For additional features, visit the drawdowns tool.
Volatility
VAFAX vs. PARWX - Volatility Comparison
Invesco American Franchise Fund Class A (VAFAX) has a higher volatility of 5.50% compared to Parnassus Endeavor Fund (PARWX) at 3.59%. This indicates that VAFAX's price experiences larger fluctuations and is considered to be riskier than PARWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.