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Do mutual funds beat index funds?
About 1 in 5 stock funds and 1 in 3 bond funds do.
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What's your fund's
risk-adjusted return?
Parnassus Eqty Inc/Inv
PRBLX
Score
98
Category
Equity Inc
Style
Medium Growth
Net Assets
2207M
Tenure
9.0Y
Positions
42
Turnover
70%
Ann Std Dev
14.14%
YTD
1 Yr
3 Yrs
5 Yrs
7.5 Yrs
Return
28.7
28.7
4.2
5.9
7.4
Risk-Adjusted Return
9.5
9.5
9.1
6.0
5.2
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Risk-Adjusted Return
The return of the fund minus the return of the fund's risk-matching benchmark.
It is the return produced by the fund in excess of what an investor could have earned by investing in an index fund with the same risk.
Also known as alpha.
More about a fund's alpha
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