FSKGX vs. PMAQX
FSKGX (Fidelity Growth Strategies K6 Fund) and PMAQX (Principal MidCap R6) are both Mid Cap Growth Equities funds. Over the past 5 years, FSKGX returned 4.80%/yr vs 4.56%/yr for PMAQX. Their correlation of 0.83 means they have usually moved in the same direction. FSKGX charges 0.45%/yr vs 0.60%/yr for PMAQX.
Performance
FSKGX vs. PMAQX - Performance Comparison
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Returns By Period
In the year-to-date period, FSKGX achieves a 3.88% return, which is significantly higher than PMAQX's -3.68% return.
FSKGX
- 1D
- 3.40%
- 1M
- -6.61%
- 6M
- 3.78%
- YTD
- 3.88%
- 1Y
- -0.69%
- 3Y*
- 11.50%
- 5Y*
- 4.80%
- 10Y*
- —
- ALL TIME*
- 11.31%
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 |
FSKGX vs. PMAQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSKGX Fidelity Growth Strategies K6 Fund | 3.88% | 7.82% | 20.04% | 21.58% | -26.20% | 21.62% | 29.50% | 36.90% | -6.89% | 10.43% |
PMAQX Principal MidCap R6 | -3.68% | 1.71% | 23.74% | 26.02% | -23.09% | 25.29% | 18.38% | 49.59% | -6.79% | 12.04% |
Correlation
The correlation between FSKGX and PMAQX is 0.54, 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. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since May 25, 2017 | 0.83 |
Over the past year, the correlation between FSKGX and PMAQX has dropped to 0.54 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
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Return for Risk
FSKGX vs. PMAQX — Risk / Return Rank
FSKGX
PMAQX
FSKGX vs. PMAQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies K6 Fund (FSKGX) 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.
| FSKGX | PMAQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.91 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | -0.48 | +0.30 |
| Martin ratioReturn relative to average drawdown | -0.47 | -0.94 | +0.46 |
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Drawdowns
FSKGX vs. PMAQX - Drawdown Comparison
The maximum FSKGX drawdown since its inception was -36.51%, smaller than the maximum PMAQX drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for FSKGX and PMAQX.
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Drawdown Indicators
| FSKGX | PMAQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.51% | -40.56% | +4.05% |
Max Drawdown (1Y)Largest decline over 1 year | -16.39% | -19.25% | +2.86% |
Max Drawdown (3Y)Largest decline over 3 years | -29.47% | -19.25% | -10.22% |
Max Drawdown (5Y)Largest decline over 5 years | -36.51% | -31.10% | -5.41% |
Current DrawdownCurrent decline from peak | -10.53% | -9.95% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -8.88% | -6.89% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.95% | 9.79% | -3.84% |
Volatility
FSKGX vs. PMAQX - Volatility Comparison
Fidelity Growth Strategies K6 Fund (FSKGX) has a higher volatility of 7.86% compared to Principal MidCap R6 (PMAQX) at 5.19%. This indicates that FSKGX'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.
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Volatility by Period
| FSKGX | PMAQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.86% | 5.19% | +2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 18.41% | 12.03% | +6.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.67% | 15.17% | +7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.45% | 18.75% | +4.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.90% | 19.43% | +3.47% |
FSKGX vs. PMAQX - Expense Ratio Comparison
FSKGX has a 0.45% expense ratio, which is lower than PMAQX's 0.60% expense ratio.
Dividends
FSKGX vs. PMAQX - Dividend Comparison
FSKGX has not paid dividends to shareholders, while PMAQX's dividend yield for the trailing twelve months is around 6.02%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FSKGX Fidelity Growth Strategies K6 Fund | 0.00% | 0.00% | 0.00% | 1.37% | 0.27% | 26.04% | 2.53% | 0.50% | 0.85% | 0.30% |
PMAQX Principal MidCap R6 | 6.02% | 5.80% | 6.46% | 2.58% | 3.18% | 7.96% | 1.08% | 9.14% | 12.39% | 3.39% |
Frequently Asked Questions
FSKGX and PMAQX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSKGX has higher volatility (7.86%) compared to PMAQX (5.19%). In terms of maximum drawdown, FSKGX dropped -36.51% vs PMAQX's -40.56%.
FSKGX currently has the higher Sharpe Ratio (-0.12 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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