CMGIX vs. PCBIX
CMGIX (BlackRock Mid-Cap Growth Equity Portfolio) and PCBIX (Principal MidCap Fund Institutional Class) are both Mid Cap Growth Equities funds. Over the past 10 years, CMGIX returned 11.80%/yr vs 11.82%/yr for PCBIX. Their correlation of 0.88 means they have usually moved in the same direction. CMGIX charges 0.80%/yr vs 0.67%/yr for PCBIX.
Performance
CMGIX vs. PCBIX - Performance Comparison
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Returns By Period
In the year-to-date period, CMGIX achieves a 6.92% return, which is significantly higher than PCBIX's -3.74% return. Both investments have delivered pretty close results over the past 10 years, with CMGIX having a 11.80% annualized return and PCBIX not far ahead at 11.82%.
CMGIX
- 1D
- 2.99%
- 1M
- -5.25%
- 6M
- 6.51%
- YTD
- 6.92%
- 1Y
- 4.90%
- 3Y*
- 8.53%
- 5Y*
- -0.27%
- 10Y*
- 11.80%
- ALL TIME*
- 9.63%
PCBIX
- 1D
- -1.39%
- 1M
- -0.60%
- 6M
- -3.13%
- YTD
- -3.74%
- 1Y
- -7.35%
- 3Y*
- 9.29%
- 5Y*
- 4.47%
- 10Y*
- 11.82%
- ALL TIME*
- 10.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CMGIX vs. PCBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMGIX BlackRock Mid-Cap Growth Equity Portfolio | 6.92% | 0.49% | 12.44% | 28.24% | -37.36% | 14.51% | 46.13% | 36.19% | 2.88% | 34.59% |
PCBIX Principal MidCap Fund Institutional Class | -3.74% | 1.62% | 23.63% | 25.92% | -23.16% | 25.22% | 18.25% | 49.40% | -6.86% | 25.32% |
Correlation
The correlation between CMGIX and PCBIX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2001 | 0.88 |
Over the past year, the correlation between CMGIX and PCBIX has dropped to 0.54 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
CMGIX vs. PCBIX — Risk / Return Rank
CMGIX
PCBIX
CMGIX vs. PCBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Mid-Cap Growth Equity Portfolio (CMGIX) and Principal MidCap Fund Institutional Class (PCBIX). 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.
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.
| CMGIX | PCBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.91 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | -0.48 | +0.64 |
| Martin ratioReturn relative to average drawdown | 0.46 | -0.94 | +1.40 |
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Drawdowns
CMGIX vs. PCBIX - Drawdown Comparison
The maximum CMGIX drawdown since its inception was -73.85%, which is greater than PCBIX's maximum drawdown of -50.25%. Use the drawdown chart below to compare losses from any high point for CMGIX and PCBIX.
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Drawdown Indicators
| CMGIX | PCBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.85% | -50.25% | -23.60% |
Max Drawdown (1Y)Largest decline over 1 year | -14.90% | -19.29% | +4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -29.77% | -19.29% | -10.48% |
Max Drawdown (5Y)Largest decline over 5 years | -45.96% | -31.17% | -14.79% |
Max Drawdown (10Y)Largest decline over 10 years | -45.96% | -40.56% | -5.40% |
Current DrawdownCurrent decline from peak | -9.33% | -10.03% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -28.54% | -6.58% | -21.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.06% | 9.82% | -4.76% |
Volatility
CMGIX vs. PCBIX - Volatility Comparison
BlackRock Mid-Cap Growth Equity Portfolio (CMGIX) has a higher volatility of 6.39% compared to Principal MidCap Fund Institutional Class (PCBIX) at 5.19%. This indicates that CMGIX's price experiences larger fluctuations and is considered to be riskier than PCBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMGIX | PCBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.39% | 5.19% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 18.56% | 12.00% | +6.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.77% | 15.15% | +7.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.36% | 18.75% | +6.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.56% | 19.14% | +4.42% |
CMGIX vs. PCBIX - Expense Ratio Comparison
CMGIX has a 0.80% expense ratio, which is higher than PCBIX's 0.67% expense ratio.
Dividends
CMGIX vs. PCBIX - Dividend Comparison
CMGIX's dividend yield for the trailing twelve months is around 33.53%, more than PCBIX's 6.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMGIX BlackRock Mid-Cap Growth Equity Portfolio | 33.53% | 21.20% | 0.00% | 0.00% | 0.00% | 4.94% | 0.00% | 0.39% | 4.72% | 3.31% | 0.00% | 2.57% |
PCBIX Principal MidCap Fund Institutional Class | 6.04% | 5.81% | 6.40% | 2.51% | 3.18% | 7.96% | 1.08% | 9.02% | 12.24% | 3.31% | 2.49% | 6.30% |
Frequently Asked Questions
CMGIX and PCBIX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMGIX has higher volatility (6.39%) compared to PCBIX (5.19%). In terms of maximum drawdown, CMGIX dropped -73.85% vs PCBIX's -50.25%.
CMGIX currently has the higher Sharpe Ratio (0.10 vs -0.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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