JPDIX vs. PCSFX

Last updated Jun 4, 2026

JPDIX (JPMorgan Preferred and Income Securities Fund) and PCSFX (Principal Capital Securities Fund) are both Preferred Stock/Convertible Bonds funds. Over the past 3 years, JPDIX returned 9.59%/yr vs 10.29%/yr for PCSFX. Their correlation of 0.80 suggests significant overlap in exposure. JPDIX charges 0.59%/yr vs 0.00%/yr for PCSFX.

Performance

JPDIX vs. PCSFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Preferred and Income Securities Fund (JPDIX) and Principal Capital Securities Fund (PCSFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPDIX achieves a 1.39% return, which is significantly higher than PCSFX's 1.26% return.

JPDIX

• 1D: 0.00%
• 1M: 0.36%
• YTD: 1.39%
• 6M: 2.15%
• 1Y: 7.67%
• 3Y*: 9.59%
• 5Y*: —
• 10Y*: —

PCSFX

• 1D: 0.10%
• 1M: 0.50%
• YTD: 1.26%
• 6M: 1.95%
• 1Y: 7.16%
• 3Y*: 10.29%
• 5Y*: 3.55%
• 10Y*: 5.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JPDIX vs. PCSFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JPDIX JPMorgan Preferred and Income Securities Fund	1.39%	8.64%	10.59%	7.02%	-8.33%
PCSFX Principal Capital Securities Fund	1.26%	8.96%	12.15%	6.82%	-6.44%

Correlation

The correlation between JPDIX and PCSFX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (All Time) Calculated using the full available price history since Apr 1, 2022	0.80

The correlation between JPDIX and PCSFX has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.

Return for Risk

JPDIX vs. PCSFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPDIX

JPDIX Risk / Return Rank: 78
JPDIX Sharpe Ratio Rank: 84
JPDIX Sortino Ratio Rank: 94
JPDIX Omega Ratio Rank: 94
JPDIX Calmar Ratio Rank: 49
JPDIX Martin Ratio Rank: 68

PCSFX

PCSFX Risk / Return Rank: 77
PCSFX Sharpe Ratio Rank: 95
PCSFX Sortino Ratio Rank: 95
PCSFX Omega Ratio Rank: 97
PCSFX Calmar Ratio Rank: 42
PCSFX Martin Ratio Rank: 55

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.

JPDIX vs. PCSFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Preferred and Income Securities Fund (JPDIX) and Principal Capital Securities Fund (PCSFX). 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.

	JPDIX	PCSFX	Difference
Sharpe ratio: Return per unit of total volatility	2.74	3.44	-0.69
Sortino ratio: Return per unit of downside risk	4.88	5.10	-0.22
Omega ratio: Gain probability vs. loss probability	1.73	1.92	-0.19
Calmar ratio: Return relative to maximum drawdown	2.68	2.46	+0.22
Martin ratio: Return relative to average drawdown	13.23	11.10	+2.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPDIX vs. PCSFX - Sharpe Ratio Comparison

The current JPDIX Sharpe Ratio is 2.74, which is comparable to the PCSFX Sharpe Ratio of 3.44. The chart below compares the historical Sharpe Ratios of JPDIX and PCSFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JPDIX	PCSFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.74	3.44	-0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	1.12	-0.27

Drawdowns

JPDIX vs. PCSFX - Drawdown Comparison

The maximum JPDIX drawdown since its inception was -14.56%, smaller than the maximum PCSFX drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for JPDIX and PCSFX.

Drawdown Indicators

	JPDIX	PCSFX	Difference
Max Drawdown Largest peak-to-trough decline	-14.56%	-22.42%	+7.86%
Max Drawdown (1Y) Largest decline over 1 year	-2.92%	-2.97%	+0.05%
Max Drawdown (3Y) Largest decline over 3 years	-4.27%	-2.97%	-1.30%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.42%	—
Current Drawdown Current decline from peak	0.00%	-0.33%	+0.33%
Average Drawdown Average peak-to-trough decline	-3.48%	-2.48%	-1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.59%	0.66%	-0.07%

Volatility

JPDIX vs. PCSFX - Volatility Comparison

JPMorgan Preferred and Income Securities Fund (JPDIX) has a higher volatility of 0.87% compared to Principal Capital Securities Fund (PCSFX) at 0.68%. This indicates that JPDIX's price experiences larger fluctuations and is considered to be riskier than PCSFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPDIX	PCSFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.87%	0.68%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	2.36%	1.87%	+0.49%
Volatility (1Y) Calculated over the trailing 1-year period	2.85%	2.12%	+0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.18%	4.28%	+0.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.18%	5.05%	+0.13%

JPDIX vs. PCSFX - Expense Ratio Comparison

JPDIX has a 0.59% expense ratio, which is higher than PCSFX's 0.00% expense ratio.

Dividends

JPDIX vs. PCSFX - Dividend Comparison

JPDIX's dividend yield for the trailing twelve months is around 5.64%, which matches PCSFX's 5.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPDIX JPMorgan Preferred and Income Securities Fund	5.64%	5.53%	4.97%	4.45%	2.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PCSFX Principal Capital Securities Fund	5.68%	5.80%	5.50%	5.75%	5.68%	4.57%	4.88%	5.43%	6.07%	5.14%	5.08%	5.78%

Frequently Asked Questions

Can I hold both JPDIX and PCSFX in my portfolio?

JPDIX and PCSFX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPDIX or PCSFX?

JPDIX has higher volatility (0.87%) compared to PCSFX (0.68%). In terms of maximum drawdown, JPDIX dropped -14.56% vs PCSFX's -22.42%.

Which has better risk-adjusted returns?

PCSFX currently has the higher Sharpe Ratio (3.44 vs 2.74), 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.