FNY vs. PMAQX
Compare and contrast key facts about First Trust Mid Cap Growth AlphaDEX Fund (FNY) and Principal MidCap R6 (PMAQX).
FNY is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Mid Cap Growth Index. It was launched on Apr 18, 2011. PMAQX is managed by Principal Funds. It was launched on Nov 22, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNY or PMAQX.
Correlation
The correlation between FNY and PMAQX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FNY vs. PMAQX - Performance Comparison
Key characteristics
FNY:
0.99
PMAQX:
1.22
FNY:
1.44
PMAQX:
1.67
FNY:
1.18
PMAQX:
1.22
FNY:
1.03
PMAQX:
0.93
FNY:
5.39
PMAQX:
6.14
FNY:
3.36%
PMAQX:
2.87%
FNY:
18.23%
PMAQX:
14.40%
FNY:
-38.91%
PMAQX:
-40.56%
FNY:
-8.06%
PMAQX:
-9.14%
Returns By Period
In the year-to-date period, FNY achieves a 19.61% return, which is significantly higher than PMAQX's 17.68% return.
FNY
19.61%
-7.34%
10.74%
18.26%
11.33%
10.92%
PMAQX
17.68%
-8.96%
8.93%
17.50%
7.91%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FNY vs. PMAQX - Expense Ratio Comparison
FNY has a 0.70% expense ratio, which is higher than PMAQX's 0.60% expense ratio.
Risk-Adjusted Performance
FNY vs. PMAQX - Risk-Adjusted Performance 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.
Dividends
FNY vs. PMAQX - Dividend Comparison
FNY's dividend yield for the trailing twelve months is around 0.55%, while PMAQX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNY First Trust Mid Cap Growth AlphaDEX Fund | 0.55% | 0.25% | 0.24% | 0.00% | 0.25% | 0.28% | 0.06% | 0.21% | 0.60% | 0.46% | 0.22% | 0.36% |
PMAQX Principal MidCap R6 | 0.00% | 0.11% | 0.00% | 0.00% | 0.00% | 0.58% | 0.20% | 0.13% | 2.56% | 0.00% | 0.00% | 0.00% |
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. For additional features, visit the drawdowns tool.
Volatility
FNY vs. PMAQX - Volatility Comparison
First Trust Mid Cap Growth AlphaDEX Fund (FNY) and Principal MidCap R6 (PMAQX) have volatilities of 5.66% and 5.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.