- ISIN
- US74255Y3009
- CUSIP
- 74255Y300
- Issuer
- Principal
- Inception Date
- Mar 21, 2016
- Region
- North America (U.S.)
- Category
- Large Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $125M
Share Price Chart
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Performance
PY Performance Chart
Principal Value ETF (PY) is up 3.3% since the beginning of the year. PY is currently trading at $54 per share. Investors who bought $1,000 worth of PY shares 5 years ago would now be looking at an investment worth $1,466.
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Returns By Period
Principal Value ETF (PY) has returned 3.31% so far this year and 13.31% over the past 12 months. Over the last ten years, PY has returned 10.80% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Principal Value ETF
- 1D
- -0.03%
- 1M
- -1.72%
- YTD
- 3.31%
- 6M
- 2.62%
- 1Y
- 13.31%
- 3Y*
- 12.62%
- 5Y*
- 7.95%
- 10Y*
- 10.80%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PY Monthly Returns History
Based on dividend-adjusted daily data since Mar 22, 2016, PY's average daily return is +0.05%, while the average monthly return is +0.98%. At this rate, an investment would double in approximately 5.9 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +19.9%, while the worst month was Mar 2020 at -27.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PY closed higher 41% of trading days. The best single day was Mar 13, 2020 with a return of +9.7%, while the worst single day was Mar 12, 2020 at -17.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.74% | 2.15% | -4.13% | 4.77% | 1.76% | -1.78% | 3.31% | ||||||
| 2025 | 2.20% | 0.71% | -3.71% | -5.26% | 3.78% | 3.09% | 1.65% | 4.16% | 0.74% | -1.14% | 0.80% | 0.91% | 7.74% |
| 2024 | -0.21% | 3.25% | 4.88% | -5.02% | 3.27% | 0.61% | 5.32% | 2.04% | 1.98% | -1.66% | 7.15% | -5.16% | 16.79% |
| 2023 | 3.11% | -2.56% | -1.49% | 1.35% | -4.78% | 7.03% | 2.62% | -3.03% | -4.10% | -3.48% | 8.74% | 6.56% | 9.11% |
| 2022 | -3.09% | -0.97% | 3.85% | -5.70% | 4.42% | -10.84% | 7.00% | -1.76% | -8.80% | 12.14% | 5.61% | -4.48% | -5.10% |
| 2021 | 2.38% | 8.29% | 7.61% | 3.88% | 2.82% | -1.72% | 0.52% | 2.97% | -3.08% | 3.93% | -2.62% | 6.04% | 34.83% |
Benchmark Metrics
Principal Value ETF has an annualized alpha of 1.80%, beta of 0.72, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since March 22, 2016.
- This ETF participated in 109.95% of S&P 500 Index downside but only 97.01% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.42 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.80%
- Beta
- 0.72
- R²
- 0.42
- Upside Capture
- 97.01%
- Downside Capture
- 109.95%
Expense Ratio
PY has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
PY ranks 40 for risk / return — below 40% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Principal Value ETF (PY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 2.78 | -0.63 |
| Martin ratioReturn relative to average drawdown | 7.19 | 12.44 | -5.25 |
Dividends
Dividend History
Principal Value ETF provided a 2.15% dividend yield over the last twelve months, with an annual payout of $1.15 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.15 | $1.12 | $1.10 | $1.16 | $1.24 | $1.26 | $1.00 | $0.77 | $0.65 | $0.55 | $0.52 |
Dividend yield | 2.15% | 2.14% | 2.22% | 2.68% | 3.02% | 2.83% | 2.95% | 2.25% | 2.34% | 1.68% | 1.85% |
Monthly Dividends
The table displays the monthly dividend distributions for Principal Value ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.31 | $0.00 | $0.28 | $1.12 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.28 | $0.00 | $0.26 | $1.10 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.37 | $0.00 | $0.26 | $1.16 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.32 | $0.00 | $0.29 | $1.24 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.41 | $0.00 | $0.33 | $1.26 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Principal Value ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Principal Value ETF was 45.44%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.
The current Principal Value ETF drawdown is 1.78%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -45.44%Mar 2020 | 2mo 1d | 8mo 16d | 10mo 17dJan 2020 - Dec 2020 |
Rate-hike selloffLate 2018 | -20.71%Dec 2018 | 10mo 29d | 10mo 12d | 1y 9moFeb 2018 - Nov 2019 |
2025 selloff2025 | -17.84%Apr 2025 | 4mo 7d | 4mo 16d | 8mo 23dDec 2024 - Aug 2025 |
Bear market2022 | -17.71%Sep 2022 | 8mo 15d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2021 pullback2021 | -6.91%Jul 2021 | 2mo 9d | 1mo 9d | 3mo 18dMay 2021 - Aug 2021 |
Drawdown Indicators
| PY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.44% | -56.78% | +11.34% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -9.10% | +2.90% |
Max Drawdown (3Y)Largest decline over 3 years | -17.84% | -18.90% | +1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -17.84% | -25.43% | +7.59% |
Max Drawdown (10Y)Largest decline over 10 years | -45.44% | -33.92% | -11.52% |
Current DrawdownCurrent decline from peak | -1.78% | -1.80% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -10.71% | +5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 2.03% | -0.17% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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