MLPIX vs. PVMIX
MLPIX (ProFunds Mid Cap Value Fund) and PVMIX (Principal MidCap Value Fund I) are both Mid Cap Value Equities funds. Over the past 10 years, MLPIX returned 8.80%/yr vs 12.82%/yr for PVMIX. Their 0.96 correlation means they have historically moved very closely together. MLPIX charges 1.78%/yr vs 0.69%/yr for PVMIX.
Performance
MLPIX vs. PVMIX - Performance Comparison
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Returns By Period
In the year-to-date period, MLPIX achieves a 12.01% return, which is significantly lower than PVMIX's 15.94% return. Over the past 10 years, MLPIX has underperformed PVMIX with an annualized return of 8.80%, while PVMIX has yielded a comparatively higher 12.82% annualized return.
MLPIX
- 1D
- -0.24%
- 1M
- 0.58%
- 6M
- 7.04%
- YTD
- 12.01%
- 1Y
- 20.77%
- 3Y*
- 9.94%
- 5Y*
- 7.24%
- 10Y*
- 8.80%
- ALL TIME*
- 7.53%
PVMIX
- 1D
- 0.00%
- 1M
- 1.02%
- 6M
- 9.46%
- YTD
- 15.94%
- 1Y
- 21.13%
- 3Y*
- 18.98%
- 5Y*
- 12.66%
- 10Y*
- 12.82%
- ALL TIME*
- 10.81%
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 |
MLPIX vs. PVMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPIX ProFunds Mid Cap Value Fund | 12.01% | 5.48% | 9.65% | 13.32% | -8.61% | 28.23% | 1.85% | 24.02% | -13.08% | 10.45% |
PVMIX Principal MidCap Value Fund I | 15.94% | 6.09% | 33.38% | 11.04% | -5.95% | 30.97% | 6.50% | 26.69% | -11.07% | 14.63% |
Correlation
The correlation between MLPIX and PVMIX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2003 | 0.96 |
The correlation between MLPIX and PVMIX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
MLPIX vs. PVMIX — Risk / Return Rank
MLPIX
PVMIX
MLPIX vs. PVMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Mid Cap Value Fund (MLPIX) and Principal MidCap Value Fund I (PVMIX). 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.
| MLPIX | PVMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.70 | -0.94 |
| Martin ratioReturn relative to average drawdown | 6.13 | 9.73 | -3.60 |
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Drawdowns
MLPIX vs. PVMIX - Drawdown Comparison
The maximum MLPIX drawdown since its inception was -60.11%, which is greater than PVMIX's maximum drawdown of -56.76%. Use the drawdown chart below to compare losses from any high point for MLPIX and PVMIX.
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Drawdown Indicators
| MLPIX | PVMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.11% | -56.76% | -3.35% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -7.37% | -3.31% |
Max Drawdown (3Y)Largest decline over 3 years | -23.24% | -16.78% | -6.46% |
Max Drawdown (5Y)Largest decline over 5 years | -23.24% | -17.05% | -6.19% |
Max Drawdown (10Y)Largest decline over 10 years | -45.96% | -41.34% | -4.62% |
Current DrawdownCurrent decline from peak | -1.26% | -1.00% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -9.31% | -6.79% | -2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.04% | +1.03% |
Volatility
MLPIX vs. PVMIX - Volatility Comparison
ProFunds Mid Cap Value Fund (MLPIX) has a higher volatility of 3.37% compared to Principal MidCap Value Fund I (PVMIX) at 2.19%. This indicates that MLPIX's price experiences larger fluctuations and is considered to be riskier than PVMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPIX | PVMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 2.19% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 8.38% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 11.76% | +3.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.28% | 18.10% | +1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.32% | 19.13% | +2.19% |
MLPIX vs. PVMIX - Expense Ratio Comparison
MLPIX has a 1.78% expense ratio, which is higher than PVMIX's 0.69% expense ratio.
Dividends
MLPIX vs. PVMIX - Dividend Comparison
MLPIX's dividend yield for the trailing twelve months is around 0.42%, less than PVMIX's 6.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPIX ProFunds Mid Cap Value Fund | 0.42% | 0.47% | 0.00% | 0.00% | 0.00% | 0.89% | 0.22% | 0.40% | 3.92% | 10.95% | 0.56% | 0.00% |
PVMIX Principal MidCap Value Fund I | 6.23% | 7.22% | 33.98% | 4.63% | 7.12% | 11.44% | 1.38% | 5.11% | 13.23% | 6.92% | 1.58% | 11.19% |
Frequently Asked Questions
With a correlation of 0.93, MLPIX and PVMIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MLPIX has higher volatility (3.37%) compared to PVMIX (2.19%). In terms of maximum drawdown, MLPIX dropped -60.11% vs PVMIX's -56.76%.
PVMIX currently has the higher Sharpe Ratio (1.70 vs 1.27), 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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