CMPGX vs. PMAQX
CMPGX (Principal Government & High Quality Bond Fund) and PMAQX (Principal MidCap R6) are both mutual funds - CMPGX is a Government Bonds fund managed by Principal, while PMAQX is a Mid Cap Growth Equities fund managed by Principal. Over the past 5 years, CMPGX returned -0.84%/yr vs 4.40%/yr for PMAQX. Their 0.13 correlation means their historical movements had little consistent relationship. CMPGX charges 0.78%/yr vs 0.60%/yr for PMAQX.
Performance
CMPGX vs. PMAQX - Performance Comparison
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Returns By Period
In the year-to-date period, CMPGX achieves a -1.16% return, which is significantly higher than PMAQX's -4.40% return.
CMPGX
- 1D
- -0.45%
- 1M
- -1.66%
- 6M
- -1.45%
- YTD
- -1.16%
- 1Y
- 1.86%
- 3Y*
- 3.35%
- 5Y*
- -0.84%
- 10Y*
- 0.38%
- ALL TIME*
- 3.65%
PMAQX
- 1D
- -0.75%
- 1M
- -1.32%
- 6M
- -4.05%
- YTD
- -4.40%
- 1Y
- -7.95%
- 3Y*
- 9.14%
- 5Y*
- 4.40%
- 10Y*
- —
- ALL TIME*
- 12.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
PMAQX Principal MidCap R6 | $0.00 | $0.00 | $0.00 |
CMPGX vs. PMAQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMPGX Principal Government & High Quality Bond Fund | -1.16% | 7.56% | 0.46% | 3.98% | -12.34% | -1.80% | 2.50% | 6.12% | 0.52% | 1.36% |
PMAQX Principal MidCap R6 | -4.40% | 1.71% | 23.74% | 26.02% | -23.09% | 25.29% | 18.38% | 49.59% | -6.79% | 24.68% |
Correlation
The correlation between CMPGX and PMAQX is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.13 |
Over the past year, CMPGX and PMAQX have become more correlated (0.43) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
CMPGX vs. PMAQX — Risk / Return Rank
CMPGX
PMAQX
CMPGX vs. PMAQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Government & High Quality Bond Fund (CMPGX) and Principal MidCap R6 (PMAQX). 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.
| CMPGX | PMAQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.92 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | -0.47 | +1.29 |
| Martin ratioReturn relative to average drawdown | 2.19 | -0.91 | +3.10 |
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Drawdowns
CMPGX vs. PMAQX - Drawdown Comparison
The maximum CMPGX drawdown since its inception was -19.56%, smaller than the maximum PMAQX drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for CMPGX and PMAQX.
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Drawdown Indicators
| CMPGX | PMAQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.56% | -40.56% | +21.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.39% | -19.25% | +15.86% |
Max Drawdown (3Y)Largest decline over 3 years | -6.94% | -19.25% | +12.31% |
Max Drawdown (5Y)Largest decline over 5 years | -19.10% | -31.10% | +12.00% |
Max Drawdown (10Y)Largest decline over 10 years | -19.56% | — | — |
Current DrawdownCurrent decline from peak | -4.78% | -10.62% | +5.84% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -6.89% | +4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 9.81% | -8.54% |
Volatility
CMPGX vs. PMAQX - Volatility Comparison
The current volatility for Principal Government & High Quality Bond Fund (CMPGX) is 1.20%, while Principal MidCap R6 (PMAQX) has a volatility of 5.21%. This indicates that CMPGX experiences smaller price fluctuations and is considered to be less risky than PMAQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMPGX | PMAQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 5.21% | -4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.46% | 12.03% | -8.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 15.19% | -10.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.69% | 18.74% | -12.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 19.43% | -14.43% |
CMPGX vs. PMAQX - Expense Ratio Comparison
CMPGX has a 0.78% expense ratio, which is higher than PMAQX's 0.60% expense ratio.
Dividends
CMPGX vs. PMAQX - Dividend Comparison
CMPGX's dividend yield for the trailing twelve months is around 3.38%, less than PMAQX's 6.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMPGX Principal Government & High Quality Bond Fund | 3.38% | 3.44% | 2.84% | 2.19% | 1.35% | 1.08% | 2.00% | 2.43% | 2.65% | 3.30% | 3.76% | 2.96% |
PMAQX Principal MidCap R6 | 6.07% | 5.80% | 6.46% | 2.58% | 3.18% | 7.96% | 1.08% | 9.14% | 12.39% | 3.39% | 0.00% | 0.00% |
Frequently Asked Questions
CMPGX and PMAQX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMAQX has higher volatility (5.21%) compared to CMPGX (1.20%). In terms of maximum drawdown, CMPGX dropped -19.56% vs PMAQX's -40.56%.
CMPGX currently has the higher Sharpe Ratio (0.65 vs -0.59), 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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