CPHYX vs. PMAQX
CPHYX (Principal High Yield Fund) and PMAQX (Principal MidCap R6) are both mutual funds - CPHYX is a High Yield Bonds fund managed by Principal, while PMAQX is a Mid Cap Growth Equities fund managed by Principal. Over the past 5 years, CPHYX returned 3.28%/yr vs 4.56%/yr for PMAQX. Their 0.46 correlation means their historical movements had little consistent relationship. CPHYX charges 0.91%/yr vs 0.60%/yr for PMAQX.
Performance
CPHYX vs. PMAQX - Performance Comparison
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Returns By Period
In the year-to-date period, CPHYX achieves a 0.87% return, which is significantly higher than PMAQX's -3.68% return.
CPHYX
- 1D
- 0.15%
- 1M
- -0.90%
- 6M
- 0.31%
- YTD
- 0.87%
- 1Y
- 3.53%
- 3Y*
- 6.45%
- 5Y*
- 3.28%
- 10Y*
- 4.74%
- ALL TIME*
- 6.04%
PMAQX
- 1D
- -1.38%
- 1M
- -0.58%
- 6M
- -3.05%
- YTD
- -3.68%
- 1Y
- -7.25%
- 3Y*
- 9.39%
- 5Y*
- 4.56%
- 10Y*
- —
- ALL TIME*
- 12.28%
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 |
CPHYX vs. PMAQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPHYX Principal High Yield Fund | 0.87% | 6.68% | 7.09% | 11.27% | -9.32% | 5.41% | 6.11% | 13.24% | -4.76% | 7.78% |
PMAQX Principal MidCap R6 | -3.68% | 1.71% | 23.74% | 26.02% | -23.09% | 25.29% | 18.38% | 49.59% | -6.79% | 24.68% |
Correlation
The correlation between CPHYX and PMAQX is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.46 |
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Return for Risk
CPHYX vs. PMAQX — Risk / Return Rank
CPHYX
PMAQX
CPHYX vs. PMAQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal High Yield Fund (CPHYX) 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.
| CPHYX | PMAQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.78 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.91 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | -0.48 | +1.93 |
| Martin ratioReturn relative to average drawdown | 6.85 | -0.94 | +7.78 |
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Drawdowns
CPHYX vs. PMAQX - Drawdown Comparison
The maximum CPHYX drawdown since its inception was -27.79%, smaller than the maximum PMAQX drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for CPHYX and PMAQX.
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Drawdown Indicators
| CPHYX | PMAQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.79% | -40.56% | +12.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -19.25% | +16.64% |
Max Drawdown (3Y)Largest decline over 3 years | -4.48% | -19.25% | +14.77% |
Max Drawdown (5Y)Largest decline over 5 years | -14.33% | -31.10% | +16.77% |
Max Drawdown (10Y)Largest decline over 10 years | -20.68% | — | — |
Current DrawdownCurrent decline from peak | -1.05% | -9.95% | +8.90% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -6.89% | +4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 9.79% | -9.23% |
Volatility
CPHYX vs. PMAQX - Volatility Comparison
The current volatility for Principal High Yield Fund (CPHYX) is 0.54%, while Principal MidCap R6 (PMAQX) has a volatility of 5.19%. This indicates that CPHYX 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
| CPHYX | PMAQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 5.19% | -4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 12.03% | -9.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.21% | 15.17% | -11.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.77% | 18.75% | -13.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.32% | 19.43% | -14.11% |
CPHYX vs. PMAQX - Expense Ratio Comparison
CPHYX has a 0.91% expense ratio, which is higher than PMAQX's 0.60% expense ratio.
Dividends
CPHYX vs. PMAQX - Dividend Comparison
CPHYX's dividend yield for the trailing twelve months is around 6.11%, more than PMAQX's 6.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPHYX Principal High Yield Fund | 6.11% | 6.46% | 6.23% | 4.70% | 4.56% | 4.72% | 4.82% | 5.50% | 6.18% | 4.90% | 5.62% | 6.24% |
PMAQX Principal MidCap R6 | 6.02% | 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
CPHYX and PMAQX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMAQX has higher volatility (5.19%) compared to CPHYX (0.54%). In terms of maximum drawdown, CPHYX dropped -27.79% vs PMAQX's -40.56%.
CPHYX currently has the higher Sharpe Ratio (1.19 vs -0.60), 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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