GEMIX vs. PMBMX
GEMIX (Goldman Sachs Emerging Markets Equity Fund) and PMBMX (Principal MidCap Fund) are both mutual funds - GEMIX is a Emerging Markets Equities fund managed by Goldman Sachs, while PMBMX is a Mid Cap Growth Equities fund managed by Principal. Over the past 10 years, GEMIX returned 9.05%/yr vs 11.48%/yr for PMBMX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. GEMIX charges 1.00%/yr vs 1.15%/yr for PMBMX.
Performance
GEMIX vs. PMBMX - Performance Comparison
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Returns By Period
In the year-to-date period, GEMIX achieves a 19.46% return, which is significantly higher than PMBMX's -3.04% return. Over the past 10 years, GEMIX has underperformed PMBMX with an annualized return of 9.05%, while PMBMX has yielded a comparatively higher 11.48% annualized return.
GEMIX
- 1D
- 2.07%
- 1M
- -3.63%
- 6M
- 9.73%
- YTD
- 19.46%
- 1Y
- 40.52%
- 3Y*
- 19.35%
- 5Y*
- 4.21%
- 10Y*
- 9.05%
- ALL TIME*
- 7.35%
PMBMX
- 1D
- 1.76%
- 1M
- 0.37%
- 6M
- -0.05%
- YTD
- -3.04%
- 1Y
- -8.59%
- 3Y*
- 9.79%
- 5Y*
- 4.15%
- 10Y*
- 11.48%
- ALL TIME*
- 10.33%
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 |
GEMIX vs. PMBMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GEMIX Goldman Sachs Emerging Markets Equity Fund | 19.46% | 32.84% | 9.10% | 6.63% | -30.01% | -2.48% | 30.98% | 26.06% | -20.60% | 48.32% |
PMBMX Principal MidCap Fund | -3.04% | 1.16% | 23.38% | 25.36% | -23.52% | 24.63% | 17.69% | 49.09% | -7.28% | 24.73% |
Correlation
The correlation between GEMIX and PMBMX is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.50 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2000 | 0.63 |
Over the past year, the correlation between GEMIX and PMBMX has dropped to 0.27 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
GEMIX vs. PMBMX — Risk / Return Rank
GEMIX
PMBMX
GEMIX vs. PMBMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Emerging Markets Equity Fund (GEMIX) and Principal MidCap Fund (PMBMX). 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.
| GEMIX | PMBMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.94 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | -0.35 | +2.70 |
| Martin ratioReturn relative to average drawdown | 7.96 | -0.68 | +8.64 |
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Drawdowns
GEMIX vs. PMBMX - Drawdown Comparison
The maximum GEMIX drawdown since its inception was -68.46%, which is greater than PMBMX's maximum drawdown of -50.69%. Use the drawdown chart below to compare losses from any high point for GEMIX and PMBMX.
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Drawdown Indicators
| GEMIX | PMBMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.46% | -50.69% | -17.77% |
Max Drawdown (1Y)Largest decline over 1 year | -16.61% | -19.49% | +2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -18.46% | -19.53% | +1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -43.70% | -31.48% | -12.22% |
Max Drawdown (10Y)Largest decline over 10 years | -47.24% | -40.60% | -6.64% |
Current DrawdownCurrent decline from peak | -11.43% | -9.54% | -1.89% |
Average DrawdownAverage peak-to-trough decline | -19.63% | -6.76% | -12.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 10.05% | -5.17% |
Volatility
GEMIX vs. PMBMX - Volatility Comparison
Goldman Sachs Emerging Markets Equity Fund (GEMIX) has a higher volatility of 10.76% compared to Principal MidCap Fund (PMBMX) at 5.29%. This indicates that GEMIX's price experiences larger fluctuations and is considered to be riskier than PMBMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GEMIX | PMBMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.76% | 5.29% | +5.47% |
Volatility (6M)Calculated over the trailing 6-month period | 23.25% | 12.17% | +11.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.17% | 15.28% | +9.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.95% | 18.78% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.71% | 19.18% | -0.47% |
GEMIX vs. PMBMX - Expense Ratio Comparison
GEMIX has a 1.00% expense ratio, which is lower than PMBMX's 1.15% expense ratio.
Dividends
GEMIX vs. PMBMX - Dividend Comparison
GEMIX's dividend yield for the trailing twelve months is around 0.65%, less than PMBMX's 6.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GEMIX Goldman Sachs Emerging Markets Equity Fund | 0.65% | 0.78% | 1.09% | 1.33% | 0.22% | 0.95% | 0.31% | 1.09% | 0.79% | 0.88% | 1.09% | 0.10% |
PMBMX Principal MidCap Fund | 6.61% | 6.41% | 6.86% | 2.68% | 3.43% | 8.51% | 1.15% | 9.00% | 12.79% | 3.39% | 2.16% | 6.38% |
Frequently Asked Questions
GEMIX and PMBMX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GEMIX has higher volatility (10.76%) compared to PMBMX (5.29%). In terms of maximum drawdown, GEMIX dropped -68.46% vs PMBMX's -50.69%.
GEMIX currently has the higher Sharpe Ratio (1.55 vs -0.45), 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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