ZEQT.TO vs. PRBLX
Compare and contrast key facts about BMO All-Equity ETF (ZEQT.TO) and Parnassus Core Equity Fund (PRBLX).
ZEQT.TO is an actively managed fund by BMO. It was launched on Jan 24, 2022. PRBLX is managed by Parnassus. It was launched on Aug 31, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZEQT.TO or PRBLX.
Key characteristics
| ZEQT.TO | PRBLX | |
|---|---|---|
| YTD Return | 24.58% | 21.62% |
| 1Y Return | 32.28% | 25.95% |
| Sharpe Ratio | 3.54 | 1.91 |
| Sortino Ratio | 5.02 | 2.48 |
| Omega Ratio | 1.68 | 1.36 |
| Calmar Ratio | 4.91 | 1.19 |
| Martin Ratio | 25.81 | 11.78 |
| Ulcer Index | 1.23% | 2.13% |
| Daily Std Dev | 8.99% | 13.10% |
| Max Drawdown | -16.15% | -45.76% |
| Current Drawdown | -0.02% | 0.00% |
Correlation
The correlation between ZEQT.TO and PRBLX is 0.75, 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
ZEQT.TO vs. PRBLX - Performance Comparison
In the year-to-date period, ZEQT.TO achieves a 24.58% return, which is significantly higher than PRBLX's 21.62% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ZEQT.TO vs. PRBLX - Expense Ratio Comparison
ZEQT.TO has a 0.20% expense ratio, which is lower than PRBLX's 0.82% expense ratio.
Risk-Adjusted Performance
ZEQT.TO vs. PRBLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO All-Equity ETF (ZEQT.TO) and Parnassus Core Equity Fund (PRBLX). 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
ZEQT.TO vs. PRBLX - Dividend Comparison
ZEQT.TO's dividend yield for the trailing twelve months is around 1.74%, more than PRBLX's 0.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZEQT.TO BMO All-Equity ETF | 1.74% | 2.13% | 2.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PRBLX Parnassus Core Equity Fund | 0.36% | 0.57% | 0.49% | 0.83% | 0.57% | 0.73% | 1.14% | 1.30% | 1.02% | 2.17% | 1.46% | 1.32% |
Drawdowns
ZEQT.TO vs. PRBLX - Drawdown Comparison
The maximum ZEQT.TO drawdown since its inception was -16.15%, smaller than the maximum PRBLX drawdown of -45.76%. Use the drawdown chart below to compare losses from any high point for ZEQT.TO and PRBLX. For additional features, visit the drawdowns tool.
Volatility
ZEQT.TO vs. PRBLX - Volatility Comparison
The current volatility for BMO All-Equity ETF (ZEQT.TO) is 3.09%, while Parnassus Core Equity Fund (PRBLX) has a volatility of 3.81%. This indicates that ZEQT.TO experiences smaller price fluctuations and is considered to be less risky than PRBLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.