CMPIX vs. PTEAX
Compare and contrast key facts about Principal Core Fixed Income (CMPIX) and Principal Tax-Exempt Bond Fund (PTEAX).
CMPIX is managed by Principal. It was launched on Dec 15, 1975. PTEAX is managed by Principal. It was launched on Jan 2, 1977.
Performance
CMPIX vs. PTEAX - Performance Comparison
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CMPIX vs. PTEAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMPIX Principal Core Fixed Income | -0.72% | 6.76% | 1.26% | 4.89% | -13.34% | -2.03% | 7.84% | 8.59% | -0.24% | 4.16% |
PTEAX Principal Tax-Exempt Bond Fund | -1.06% | 4.68% | 2.10% | 6.35% | -12.18% | 2.71% | 4.80% | 9.05% | 0.44% | 6.44% |
Returns By Period
In the year-to-date period, CMPIX achieves a -0.72% return, which is significantly higher than PTEAX's -1.06% return. Over the past 10 years, CMPIX has underperformed PTEAX with an annualized return of 1.76%, while PTEAX has yielded a comparatively higher 1.93% annualized return.
CMPIX
- 1D
- 0.47%
- 1M
- -2.39%
- YTD
- -0.72%
- 6M
- 0.13%
- 1Y
- 3.41%
- 3Y*
- 2.98%
- 5Y*
- -0.18%
- 10Y*
- 1.76%
PTEAX
- 1D
- 0.15%
- 1M
- -2.95%
- YTD
- -1.06%
- 6M
- 0.39%
- 1Y
- 3.32%
- 3Y*
- 3.01%
- 5Y*
- 0.29%
- 10Y*
- 1.93%
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CMPIX vs. PTEAX - Expense Ratio Comparison
CMPIX has a 0.74% expense ratio, which is higher than PTEAX's 0.73% expense ratio.
Return for Risk
CMPIX vs. PTEAX — Risk / Return Rank
CMPIX
PTEAX
CMPIX vs. PTEAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Core Fixed Income (CMPIX) and Principal Tax-Exempt Bond Fund (PTEAX). 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.
| CMPIX | PTEAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.84 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.31 | 1.14 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 0.92 | +0.63 |
Martin ratioReturn relative to average drawdown | 4.79 | 2.97 | +1.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CMPIX | PTEAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.84 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.07 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.44 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.31 | +0.67 |
Correlation
The correlation between CMPIX and PTEAX is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CMPIX vs. PTEAX - Dividend Comparison
CMPIX's dividend yield for the trailing twelve months is around 3.14%, less than PTEAX's 3.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMPIX Principal Core Fixed Income | 3.14% | 3.35% | 3.27% | 2.37% | 2.10% | 1.94% | 2.11% | 2.71% | 3.19% | 2.91% | 3.17% | 3.29% |
PTEAX Principal Tax-Exempt Bond Fund | 3.89% | 4.66% | 3.73% | 2.81% | 2.27% | 2.15% | 2.23% | 3.09% | 3.68% | 3.69% | 3.91% | 3.75% |
Drawdowns
CMPIX vs. PTEAX - Drawdown Comparison
The maximum CMPIX drawdown since its inception was -18.80%, smaller than the maximum PTEAX drawdown of -38.72%. Use the drawdown chart below to compare losses from any high point for CMPIX and PTEAX.
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Drawdown Indicators
| CMPIX | PTEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.80% | -38.72% | +19.92% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -4.78% | +1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -18.51% | -17.37% | -1.14% |
Max Drawdown (10Y)Largest decline over 10 years | -18.80% | -17.37% | -1.43% |
Current DrawdownCurrent decline from peak | -4.44% | -2.95% | -1.49% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -5.95% | +3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 1.49% | -0.57% |
Volatility
CMPIX vs. PTEAX - Volatility Comparison
Principal Core Fixed Income (CMPIX) has a higher volatility of 1.69% compared to Principal Tax-Exempt Bond Fund (PTEAX) at 1.01%. This indicates that CMPIX's price experiences larger fluctuations and is considered to be riskier than PTEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMPIX | PTEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 1.01% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 1.80% | +0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.28% | 4.92% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.77% | 3.96% | +1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.80% | 4.39% | +0.41% |