JPRE vs. PMAQX
JPRE (JPMorgan Realty Income ETF) and PMAQX (Principal MidCap R6) are both funds - JPRE is a REIT fund actively managed by JPMorgan, while PMAQX is a Mid Cap Growth Equities fund managed by Principal Funds. Over the past 3 years, JPRE returned 11.27%/yr vs 9.95%/yr for PMAQX. A 0.62 correlation means they provide meaningful diversification when combined. JPRE charges 0.50%/yr vs 0.60%/yr for PMAQX.
Performance
JPRE vs. PMAQX - Performance Comparison
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Returns By Period
In the year-to-date period, JPRE achieves a 13.89% return, which is significantly higher than PMAQX's -6.36% return.
JPRE
- 1D
- 0.29%
- 1M
- 0.73%
- YTD
- 13.89%
- 6M
- 13.61%
- 1Y
- 13.80%
- 3Y*
- 11.27%
- 5Y*
- —
- 10Y*
- —
PMAQX
- 1D
- 0.75%
- 1M
- 2.63%
- YTD
- -6.36%
- 6M
- -7.89%
- 1Y
- -8.06%
- 3Y*
- 9.95%
- 5Y*
- 4.63%
- 10Y*
- —
JPRE vs. PMAQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JPRE JPMorgan Realty Income ETF | 13.89% | 1.36% | 7.43% | 13.41% | -9.60% |
PMAQX Principal MidCap R6 | -6.36% | 1.71% | 23.74% | 26.02% | 1.19% |
Correlation
The correlation between JPRE and PMAQX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since May 23, 2022 | 0.62 |
Over the past year, the correlation between JPRE and PMAQX has dropped to 0.42 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
JPRE vs. PMAQX — Risk / Return Rank
JPRE
PMAQX
JPRE vs. PMAQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Realty Income ETF (JPRE) 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.
| JPRE | PMAQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.91 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | -0.47 | +2.28 |
| Martin ratioReturn relative to average drawdown | 4.99 | -0.99 | +5.98 |
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Drawdowns
JPRE vs. PMAQX - Drawdown Comparison
The maximum JPRE drawdown since its inception was -23.84%, smaller than the maximum PMAQX drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for JPRE and PMAQX.
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Drawdown Indicators
| JPRE | PMAQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.84% | -40.56% | +16.72% |
Max Drawdown (1Y)Largest decline over 1 year | -7.70% | -19.25% | +11.55% |
Max Drawdown (3Y)Largest decline over 3 years | -16.27% | -19.25% | +2.98% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.10% | — |
Current DrawdownCurrent decline from peak | -0.16% | -12.45% | +12.29% |
Average DrawdownAverage peak-to-trough decline | -8.05% | -6.85% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 9.20% | -6.43% |
Volatility
JPRE vs. PMAQX - Volatility Comparison
JPMorgan Realty Income ETF (JPRE) has a higher volatility of 5.55% compared to Principal MidCap R6 (PMAQX) at 4.47%. This indicates that JPRE'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
| JPRE | PMAQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 4.47% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 10.41% | 11.67% | -1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.71% | 14.62% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.29% | 18.69% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.29% | 19.46% | -1.17% |
JPRE vs. PMAQX - Expense Ratio Comparison
JPRE has a 0.50% expense ratio, which is lower than PMAQX's 0.60% expense ratio.
Dividends
JPRE vs. PMAQX - Dividend Comparison
JPRE's dividend yield for the trailing twelve months is around 2.23%, less than PMAQX's 6.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
JPRE JPMorgan Realty Income ETF | 2.23% | 2.62% | 2.21% | 3.26% | 10.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PMAQX Principal MidCap R6 | 6.20% | 5.80% | 6.46% | 2.58% | 3.18% | 7.96% | 1.08% | 9.14% | 12.39% | 3.39% |
Frequently Asked Questions
JPRE and PMAQX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPRE has higher volatility (5.55%) compared to PMAQX (4.47%). In terms of maximum drawdown, JPRE dropped -23.84% vs PMAQX's -40.56%.
JPRE currently has the higher Sharpe Ratio (1.03 vs -0.63), 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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