CMPIX vs. ACWI
Compare and contrast key facts about Principal Core Fixed Income (CMPIX) and iShares MSCI ACWI ETF (ACWI).
CMPIX is managed by Principal. It was launched on Dec 15, 1975. ACWI is a passively managed fund by iShares that tracks the performance of the MSCI All Country World Index. It was launched on Mar 26, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMPIX or ACWI.
Key characteristics
| CMPIX | ACWI | |
|---|---|---|
| YTD Return | -2.11% | 7.48% |
| 1Y Return | 0.62% | 21.30% |
| 3Y Return (Ann) | -3.40% | 4.70% |
| 5Y Return (Ann) | -0.12% | 10.56% |
| 10Y Return (Ann) | 1.19% | 8.63% |
| Sharpe Ratio | 0.00 | 1.81 |
| Daily Std Dev | 6.56% | 11.46% |
| Max Drawdown | -18.49% | -56.00% |
| Current Drawdown | -12.04% | -0.70% |
Correlation
The correlation between CMPIX and ACWI is -0.12. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
CMPIX vs. ACWI - Performance Comparison
In the year-to-date period, CMPIX achieves a -2.11% return, which is significantly lower than ACWI's 7.48% return. Over the past 10 years, CMPIX has underperformed ACWI with an annualized return of 1.19%, while ACWI has yielded a comparatively higher 8.63% annualized 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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CMPIX vs. ACWI - Expense Ratio Comparison
CMPIX has a 0.74% expense ratio, which is higher than ACWI's 0.32% expense ratio.
Risk-Adjusted Performance
CMPIX vs. ACWI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Core Fixed Income (CMPIX) and iShares MSCI ACWI ETF (ACWI). 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
CMPIX vs. ACWI - Dividend Comparison
CMPIX's dividend yield for the trailing twelve months is around 3.08%, more than ACWI's 1.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMPIX Principal Core Fixed Income | 3.08% | 2.86% | 2.50% | 1.93% | 2.11% | 2.71% | 3.18% | 2.91% | 3.17% | 3.29% | 3.44% | 3.73% |
ACWI iShares MSCI ACWI ETF | 1.75% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.25% | 1.94% | 2.19% | 2.56% | 2.26% | 1.89% |
Drawdowns
CMPIX vs. ACWI - Drawdown Comparison
The maximum CMPIX drawdown since its inception was -18.49%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for CMPIX and ACWI. For additional features, visit the drawdowns tool.
Volatility
CMPIX vs. ACWI - Volatility Comparison
The current volatility for Principal Core Fixed Income (CMPIX) is 1.78%, while iShares MSCI ACWI ETF (ACWI) has a volatility of 3.99%. This indicates that CMPIX experiences smaller price fluctuations and is considered to be less risky than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.