FNY vs. PMAQX
FNY (First Trust Mid Cap Growth AlphaDEX Fund) and PMAQX (Principal MidCap R6) are both Mid Cap Growth Equities funds. Over the past 5 years, FNY returned 7.63%/yr vs 4.67%/yr for PMAQX. Their correlation of 0.82 means they have usually moved in the same direction. FNY charges 0.70%/yr vs 0.60%/yr for PMAQX.
Performance
FNY vs. PMAQX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FNY achieves a 16.46% return, which is significantly higher than PMAQX's -2.73% return.
FNY
- 1D
- 2.09%
- 1M
- -0.71%
- 6M
- 11.17%
- YTD
- 16.46%
- 1Y
- 26.38%
- 3Y*
- 18.37%
- 5Y*
- 7.63%
- 10Y*
- 13.28%
- ALL TIME*
- 11.62%
PMAQX
- 1D
- 1.76%
- 1M
- 0.41%
- 6M
- 0.22%
- YTD
- -2.73%
- 1Y
- -8.09%
- 3Y*
- 10.29%
- 5Y*
- 4.67%
- 10Y*
- —
- ALL TIME*
- 12.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.17M | $2.47M | $2.59M | |
PMAQX Principal MidCap R6 | $0.00 | $0.00 | $0.00 |
FNY vs. PMAQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNY First Trust Mid Cap Growth AlphaDEX Fund | 16.46% | 14.03% | 18.09% | 21.13% | -23.80% | 13.46% | 36.97% | 32.54% | -7.53% | 25.12% |
PMAQX Principal MidCap R6 | -2.73% | 1.71% | 23.74% | 26.02% | -23.09% | 25.29% | 18.38% | 49.59% | -6.79% | 24.68% |
Correlation
The correlation between FNY and PMAQX is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.82 |
Over the past year, the correlation between FNY and PMAQX has dropped to 0.58 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FNY vs. PMAQX — Risk / Return Rank
FNY
PMAQX
FNY vs. PMAQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Mid Cap Growth AlphaDEX Fund (FNY) 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.
| FNY | PMAQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.94 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | -0.33 | +2.54 |
| Martin ratioReturn relative to average drawdown | 6.95 | -0.65 | +7.60 |
Loading charts...
Drawdowns
FNY vs. PMAQX - Drawdown Comparison
The maximum FNY drawdown since its inception was -38.91%, roughly equal to the maximum PMAQX drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for FNY and PMAQX.
Loading charts...
Drawdown Indicators
| FNY | PMAQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.91% | -40.56% | +1.65% |
Max Drawdown (1Y)Largest decline over 1 year | -12.01% | -19.25% | +7.24% |
Max Drawdown (3Y)Largest decline over 3 years | -24.97% | -19.25% | -5.72% |
Max Drawdown (5Y)Largest decline over 5 years | -33.94% | -31.10% | -2.84% |
Max Drawdown (10Y)Largest decline over 10 years | -38.91% | — | — |
Current DrawdownCurrent decline from peak | -4.20% | -9.05% | +4.85% |
Average DrawdownAverage peak-to-trough decline | -7.55% | -6.89% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 9.83% | -6.03% |
Volatility
FNY vs. PMAQX - Volatility Comparison
First Trust Mid Cap Growth AlphaDEX Fund (FNY) has a higher volatility of 6.56% compared to Principal MidCap R6 (PMAQX) at 5.29%. This indicates that FNY's price experiences larger fluctuations and is considered to be riskier than PMAQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FNY | PMAQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 5.29% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 16.57% | 12.15% | +4.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.32% | 15.26% | +6.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.49% | 18.76% | +3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.48% | 19.43% | +3.05% |
FNY vs. PMAQX - Expense Ratio Comparison
FNY has a 0.70% expense ratio, which is higher than PMAQX's 0.60% expense ratio.
Dividends
FNY vs. PMAQX - Dividend Comparison
FNY has not paid dividends to shareholders, while PMAQX's dividend yield for the trailing twelve months is around 5.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNY First Trust Mid Cap Growth AlphaDEX Fund | 0.00% | 0.03% | 0.56% | 0.24% | 0.24% | 0.00% | 0.25% | 0.28% | 0.06% | 0.21% | 0.60% | 0.46% |
PMAQX Principal MidCap R6 | 5.96% | 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
FNY and PMAQX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNY has higher volatility (6.56%) compared to PMAQX (5.29%). In terms of maximum drawdown, FNY dropped -38.91% vs PMAQX's -40.56%.
FNY currently has the higher Sharpe Ratio (1.25 vs -0.42), 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.
Find the right allocation for FNY and PMAQX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer