JEMDX vs. PMAQX
JEMDX (JPMorgan Emerging Markets Debt Fund) and PMAQX (Principal MidCap R6) are both mutual funds - JEMDX is a Emerging Markets Bonds fund managed by JPMorgan, while PMAQX is a Mid Cap Growth Equities fund managed by Principal. Over the past 5 years, JEMDX returned 1.63%/yr vs 4.56%/yr for PMAQX. Their 0.33 correlation means their historical movements had little consistent relationship. JEMDX charges 0.83%/yr vs 0.60%/yr for PMAQX.
Performance
JEMDX vs. PMAQX - Performance Comparison
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Returns By Period
In the year-to-date period, JEMDX achieves a 1.34% return, which is significantly higher than PMAQX's -3.68% return.
JEMDX
- 1D
- -0.15%
- 1M
- -1.23%
- 6M
- 0.19%
- YTD
- 1.34%
- 1Y
- 9.00%
- 3Y*
- 8.97%
- 5Y*
- 1.63%
- 10Y*
- 2.76%
- ALL TIME*
- 6.10%
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 |
JEMDX vs. PMAQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JEMDX JPMorgan Emerging Markets Debt Fund | 1.34% | 13.87% | 7.37% | 10.17% | -18.60% | -3.22% | 5.37% | 13.86% | -5.82% | 10.25% |
PMAQX Principal MidCap R6 | -3.68% | 1.71% | 23.74% | 26.02% | -23.09% | 25.29% | 18.38% | 49.59% | -6.79% | 24.68% |
Correlation
The correlation between JEMDX and PMAQX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.33 |
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Return for Risk
JEMDX vs. PMAQX — Risk / Return Rank
JEMDX
PMAQX
JEMDX vs. PMAQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Emerging Markets Debt Fund (JEMDX) 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.
| JEMDX | PMAQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.51 | ||
| Sortino ratioReturn per unit of downside risk | +3.67 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.91 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | -0.48 | +2.27 |
| Martin ratioReturn relative to average drawdown | 7.15 | -0.94 | +8.08 |
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Drawdowns
JEMDX vs. PMAQX - Drawdown Comparison
The maximum JEMDX drawdown since its inception was -38.84%, roughly equal to the maximum PMAQX drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for JEMDX and PMAQX.
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Drawdown Indicators
| JEMDX | PMAQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.84% | -40.56% | +1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -5.14% | -19.25% | +14.11% |
Max Drawdown (3Y)Largest decline over 3 years | -6.32% | -19.25% | +12.93% |
Max Drawdown (5Y)Largest decline over 5 years | -30.83% | -31.10% | +0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -30.83% | — | — |
Current DrawdownCurrent decline from peak | -1.97% | -9.95% | +7.98% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -6.89% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 9.79% | -8.50% |
Volatility
JEMDX vs. PMAQX - Volatility Comparison
The current volatility for JPMorgan Emerging Markets Debt Fund (JEMDX) is 1.04%, while Principal MidCap R6 (PMAQX) has a volatility of 5.19%. This indicates that JEMDX experiences smaller price fluctuations and is considered to be less risky 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
| JEMDX | PMAQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 5.19% | -4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 12.03% | -7.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 15.17% | -10.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.94% | 18.75% | -11.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.14% | 19.43% | -12.29% |
JEMDX vs. PMAQX - Expense Ratio Comparison
JEMDX has a 0.83% expense ratio, which is higher than PMAQX's 0.60% expense ratio.
Dividends
JEMDX vs. PMAQX - Dividend Comparison
JEMDX's dividend yield for the trailing twelve months is around 5.42%, less than PMAQX's 6.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEMDX JPMorgan Emerging Markets Debt Fund | 5.42% | 5.61% | 6.13% | 5.47% | 6.15% | 4.38% | 3.71% | 4.52% | 4.64% | 4.43% | 5.06% | 4.76% |
PMAQX Principal MidCap R6 | 6.02% | 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
JEMDX and PMAQX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMAQX has higher volatility (5.19%) compared to JEMDX (1.04%). In terms of maximum drawdown, JEMDX dropped -38.84% vs PMAQX's -40.56%.
JEMDX currently has the higher Sharpe Ratio (1.90 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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