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JEMDX vs. PMAQX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JEMDX vs. PMAQX

Last updated Jun 23, 2026

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 Funds. Over the past 5 years, JEMDX returned 1.97%/yr vs 5.48%/yr for PMAQX. At a 0.33 correlation, their price movements are largely independent. JEMDX charges 0.83%/yr vs 0.60%/yr for PMAQX.

Performance

JEMDX vs. PMAQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Emerging Markets Debt Fund (JEMDX) and Principal MidCap R6 (PMAQX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, JEMDX achieves a 3.22% return, which is significantly higher than PMAQX's -5.92% return.

JEMDX

1D
0.00%
1M
2.32%
YTD
3.22%
6M
3.54%
1Y
14.49%
3Y*
10.61%
5Y*
1.97%
10Y*
3.30%

PMAQX

1D
0.62%
1M
3.75%
YTD
-5.92%
6M
-7.15%
1Y
-6.74%
3Y*
9.98%
5Y*
5.48%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

JEMDX vs. PMAQX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
JEMDX
JPMorgan Emerging Markets Debt Fund		3.22%13.87%7.37%10.17%-18.60%-3.22%5.37%13.86%-5.82%10.25%
PMAQX
Principal MidCap R6		-5.92%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 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

Correlation (3Y)
Calculated over the trailing 3-year period

0.34

Correlation (5Y)
Calculated over the trailing 5-year period

0.36

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2017

0.33

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

JPMorgan Emerging Markets Debt Fund

Principal MidCap R6

Often compared with JEMDX:
JEMDX vs. VIPIXJEMDX vs. EIDOXJEMDX vs. DBLEXJEMDX vs. DBLLXJEMDX vs. AMAPXJEMDX vs. DLENXJEMDX vs. JEPAX
Often compared with PMAQX:
PMAQX vs. CGMSPMAQX vs. JPREPMAQX vs. IWRPMAQX vs. FSKGXPMAQX vs. SCHMPMAQX vs. VSMGXPMAQX vs. SPMD

Return for Risk

JEMDX vs. PMAQX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JEMDX
JEMDX Risk / Return Rank: 8181
Overall Rank
JEMDX Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
JEMDX Sortino Ratio Rank: 9595
Sortino Ratio Rank
JEMDX Omega Ratio Rank: 9292
Omega Ratio Rank
JEMDX Calmar Ratio Rank: 5858
Calmar Ratio Rank
JEMDX Martin Ratio Rank: 6464
Martin Ratio Rank
PMAQX
PMAQX Risk / Return Rank: 11
Overall Rank
PMAQX Sharpe Ratio Rank: 11
Sharpe Ratio Rank
PMAQX Sortino Ratio Rank: 11
Sortino Ratio Rank
PMAQX Omega Ratio Rank: 11
Omega Ratio Rank
PMAQX Calmar Ratio Rank: 11
Calmar Ratio Rank
PMAQX Martin Ratio Rank: 11
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

JEMDXPMAQXDifference
Sharpe ratioReturn per unit of total volatility
3.01
-0.44

+3.45

Sortino ratioReturn per unit of downside risk
4.62
-0.54

+5.16

Omega ratioGain probability vs. loss probability

1.65

0.94

+0.71

Calmar ratioReturn relative to maximum drawdown

2.79

-0.34

+3.13

Martin ratioReturn relative to average drawdown

11.73

-0.71

+12.44

JEMDX vs. PMAQX - Sharpe Ratio Comparison

The current JEMDX Sharpe Ratio is 3.01, which is higher than the PMAQX Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of JEMDX and PMAQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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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

JEMDXPMAQXDifference

Max Drawdown

Largest 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

-7.10%

-19.25%

+12.15%

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 Drawdown

Current decline from peak

-0.15%

-12.04%

+11.89%

Average Drawdown

Average peak-to-trough decline

-6.08%

-6.84%

+0.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.22%

9.09%

-7.87%

Volatility

JEMDX vs. PMAQX - Volatility Comparison

The current volatility for JPMorgan Emerging Markets Debt Fund (JEMDX) is 1.28%, while Principal MidCap R6 (PMAQX) has a volatility of 4.40%. 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

JEMDXPMAQXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.28%

4.40%

-3.12%

Volatility (6M)

Calculated over the trailing 6-month period

4.05%

11.63%

-7.58%

Volatility (1Y)

Calculated over the trailing 1-year period

4.78%

14.62%

-9.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.92%

18.69%

-11.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.14%

19.47%

-12.33%

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 5.83%, less than PMAQX's 6.17% yield.

PositionTTM20252024202320222021202020192018201720162015
JEMDX
JPMorgan Emerging Markets Debt Fund		5.83%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		6.17%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 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PMAQX has higher volatility (4.40%) compared to JEMDX (1.28%). In terms of maximum drawdown, JEMDX dropped -38.84% vs PMAQX's -40.56%.

JEMDX currently has the higher Sharpe Ratio (3.01 vs -0.44), 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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