PBMPX vs. MCFIX
Compare and contrast key facts about Principal Core Plus Bond Fund (PBMPX) and Mercer Core Fixed Income Fund (MCFIX).
PBMPX is managed by Principal. It was launched on Dec 6, 2000. MCFIX is managed by Mercer Funds. It was launched on Aug 15, 2005.
Performance
PBMPX vs. MCFIX - Performance Comparison
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PBMPX vs. MCFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PBMPX Principal Core Plus Bond Fund | -1.03% | 7.15% | 0.71% | 5.23% | -14.62% | -0.84% | 9.33% | 6.10% |
MCFIX Mercer Core Fixed Income Fund | -1.10% | 6.64% | 2.02% | 6.47% | -13.69% | -1.05% | 4.75% | 3.31% |
Returns By Period
In the year-to-date period, PBMPX achieves a -1.03% return, which is significantly higher than MCFIX's -1.10% return.
PBMPX
- 1D
- 0.56%
- 1M
- -2.61%
- YTD
- -1.03%
- 6M
- -0.19%
- 1Y
- 3.59%
- 3Y*
- 2.99%
- 5Y*
- -0.42%
- 10Y*
- 1.69%
MCFIX
- 1D
- 0.45%
- 1M
- -2.54%
- YTD
- -1.10%
- 6M
- -0.59%
- 1Y
- 2.65%
- 3Y*
- 3.54%
- 5Y*
- 0.20%
- 10Y*
- —
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PBMPX vs. MCFIX - Expense Ratio Comparison
PBMPX has a 0.78% expense ratio, which is higher than MCFIX's 0.16% expense ratio.
Return for Risk
PBMPX vs. MCFIX — Risk / Return Rank
PBMPX
MCFIX
PBMPX vs. MCFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Core Plus Bond Fund (PBMPX) and Mercer Core Fixed Income Fund (MCFIX). 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.
| PBMPX | MCFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.82 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.21 | 1.20 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.15 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.32 | 1.46 | -0.14 |
Martin ratioReturn relative to average drawdown | 4.62 | 4.26 | +0.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PBMPX | MCFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.82 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.03 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.14 | +0.42 |
Correlation
The correlation between PBMPX and MCFIX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PBMPX vs. MCFIX - Dividend Comparison
PBMPX's dividend yield for the trailing twelve months is around 4.15%, less than MCFIX's 4.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBMPX Principal Core Plus Bond Fund | 4.15% | 4.42% | 4.10% | 3.04% | 2.06% | 3.12% | 7.16% | 3.44% | 3.36% | 2.78% | 2.30% | 2.21% |
MCFIX Mercer Core Fixed Income Fund | 4.31% | 3.89% | 4.54% | 3.68% | 3.31% | 2.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PBMPX vs. MCFIX - Drawdown Comparison
The maximum PBMPX drawdown since its inception was -19.69%, smaller than the maximum MCFIX drawdown of -21.68%. Use the drawdown chart below to compare losses from any high point for PBMPX and MCFIX.
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Drawdown Indicators
| PBMPX | MCFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.69% | -21.68% | +1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.16% | -3.09% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -19.48% | -18.72% | -0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -19.48% | — | — |
Current DrawdownCurrent decline from peak | -5.05% | -6.08% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -8.61% | +5.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 1.06% | -0.16% |
Volatility
PBMPX vs. MCFIX - Volatility Comparison
Principal Core Plus Bond Fund (PBMPX) has a higher volatility of 1.92% compared to Mercer Core Fixed Income Fund (MCFIX) at 1.54%. This indicates that PBMPX's price experiences larger fluctuations and is considered to be riskier than MCFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBMPX | MCFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 1.54% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 2.77% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.36% | 4.82% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.84% | 6.01% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.80% | 6.16% | -1.36% |