FASEX vs. PVMIX
FASEX (Nuveen Mid Cap Value Fund) and PVMIX (Principal MidCap Value Fund I) are both Mid Cap Value Equities funds. Over the past 10 years, FASEX returned 11.00%/yr vs 12.72%/yr for PVMIX. Their 0.97 correlation means they have historically moved very closely together. FASEX charges 1.16%/yr vs 0.69%/yr for PVMIX.
Performance
FASEX vs. PVMIX - Performance Comparison
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Returns By Period
In the year-to-date period, FASEX achieves a 19.56% return, which is significantly higher than PVMIX's 15.94% return. Over the past 10 years, FASEX has underperformed PVMIX with an annualized return of 11.00%, while PVMIX has yielded a comparatively higher 12.72% annualized return.
FASEX
- 1D
- 0.70%
- 1M
- -0.26%
- 6M
- 14.33%
- YTD
- 19.56%
- 1Y
- 28.65%
- 3Y*
- 14.01%
- 5Y*
- 9.89%
- 10Y*
- 11.00%
- ALL TIME*
- 9.47%
PVMIX
- 1D
- -0.17%
- 1M
- 1.02%
- 6M
- 10.20%
- YTD
- 15.94%
- 1Y
- 21.13%
- 3Y*
- 19.00%
- 5Y*
- 12.66%
- 10Y*
- 12.72%
- ALL TIME*
- 10.81%
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 |
FASEX vs. PVMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FASEX Nuveen Mid Cap Value Fund | 19.56% | 9.68% | 10.40% | 14.20% | -10.63% | 34.84% | 1.19% | 26.68% | -13.00% | 19.23% |
PVMIX Principal MidCap Value Fund I | 15.94% | 6.09% | 33.38% | 11.04% | -5.95% | 30.97% | 6.50% | 26.69% | -11.07% | 14.63% |
Correlation
The correlation between FASEX and PVMIX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2003 | 0.97 |
The correlation between FASEX and PVMIX has been stable across timeframes, ranging from 0.91 to 0.97 - a consistent structural relationship.
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Return for Risk
FASEX vs. PVMIX — Risk / Return Rank
FASEX
PVMIX
FASEX vs. PVMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Mid Cap Value Fund (FASEX) and Principal MidCap Value Fund I (PVMIX). 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.
| FASEX | PVMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.30 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 2.66 | +0.95 |
| Martin ratioReturn relative to average drawdown | 13.59 | 9.59 | +4.00 |
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Drawdowns
FASEX vs. PVMIX - Drawdown Comparison
The maximum FASEX drawdown since its inception was -55.57%, roughly equal to the maximum PVMIX drawdown of -56.76%. Use the drawdown chart below to compare losses from any high point for FASEX and PVMIX.
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Drawdown Indicators
| FASEX | PVMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.57% | -56.76% | +1.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.37% | -7.37% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -22.26% | -16.78% | -5.48% |
Max Drawdown (5Y)Largest decline over 5 years | -22.26% | -17.05% | -5.21% |
Max Drawdown (10Y)Largest decline over 10 years | -44.56% | -41.34% | -3.22% |
Current DrawdownCurrent decline from peak | -1.61% | -1.00% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -6.79% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 2.04% | -0.05% |
Volatility
FASEX vs. PVMIX - Volatility Comparison
Nuveen Mid Cap Value Fund (FASEX) has a higher volatility of 3.53% compared to Principal MidCap Value Fund I (PVMIX) at 2.19%. This indicates that FASEX's price experiences larger fluctuations and is considered to be riskier than PVMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FASEX | PVMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 2.19% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 10.40% | 8.38% | +2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.88% | 11.80% | +2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.95% | 18.10% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.14% | 19.13% | +1.01% |
FASEX vs. PVMIX - Expense Ratio Comparison
FASEX has a 1.16% expense ratio, which is higher than PVMIX's 0.69% expense ratio.
Dividends
FASEX vs. PVMIX - Dividend Comparison
FASEX's dividend yield for the trailing twelve months is around 12.27%, more than PVMIX's 6.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FASEX Nuveen Mid Cap Value Fund | 12.27% | 14.67% | 5.29% | 3.12% | 6.32% | 4.02% | 1.06% | 0.89% | 4.48% | 7.93% | 3.67% | 3.49% |
PVMIX Principal MidCap Value Fund I | 6.23% | 7.22% | 33.98% | 4.63% | 7.12% | 11.44% | 1.38% | 5.11% | 13.23% | 6.92% | 1.58% | 11.19% |
Frequently Asked Questions
With a correlation of 0.91, FASEX and PVMIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FASEX has higher volatility (3.53%) compared to PVMIX (2.19%). In terms of maximum drawdown, FASEX dropped -55.57% vs PVMIX's -56.76%.
FASEX currently has the higher Sharpe Ratio (1.93 vs 1.67), 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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