PBMPX vs. PMAQX
PBMPX (Principal Core Plus Bond Fund) and PMAQX (Principal MidCap R6) are both mutual funds - PBMPX is a Intermediate Core-Plus Bond fund managed by Principal, while PMAQX is a Mid Cap Growth Equities fund managed by Principal. Over the past 5 years, PBMPX returned -0.96%/yr vs 4.40%/yr for PMAQX. Their 0.14 correlation means their historical movements had little consistent relationship. PBMPX charges 0.78%/yr vs 0.60%/yr for PMAQX.
Performance
PBMPX vs. PMAQX - Performance Comparison
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Returns By Period
In the year-to-date period, PBMPX achieves a -0.92% return, which is significantly higher than PMAQX's -4.40% return.
PBMPX
- 1D
- -0.23%
- 1M
- -1.39%
- 6M
- -1.17%
- YTD
- -0.92%
- 1Y
- 1.55%
- 3Y*
- 3.62%
- 5Y*
- -0.96%
- 10Y*
- 1.38%
- ALL TIME*
- 2.42%
PMAQX
- 1D
- -0.75%
- 1M
- -1.32%
- 6M
- -4.05%
- YTD
- -4.40%
- 1Y
- -7.95%
- 3Y*
- 9.14%
- 5Y*
- 4.40%
- 10Y*
- —
- ALL TIME*
- 12.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
PMAQX Principal MidCap R6 | $0.00 | $0.00 | $0.00 |
PBMPX vs. PMAQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBMPX Principal Core Plus Bond Fund | -0.92% | 7.15% | 0.71% | 5.23% | -14.62% | -0.84% | 9.33% | 9.64% | -1.93% | 4.66% |
PMAQX Principal MidCap R6 | -4.40% | 1.71% | 23.74% | 26.02% | -23.09% | 25.29% | 18.38% | 49.59% | -6.79% | 24.68% |
Correlation
The correlation between PBMPX and PMAQX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.14 |
Over the past year, PBMPX and PMAQX have become more correlated (0.48) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
PBMPX vs. PMAQX — Risk / Return Rank
PBMPX
PMAQX
PBMPX vs. PMAQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Core Plus Bond Fund (PBMPX) 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.
| PBMPX | PMAQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.92 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | -0.47 | +1.21 |
| Martin ratioReturn relative to average drawdown | 2.02 | -0.91 | +2.93 |
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Drawdowns
PBMPX vs. PMAQX - Drawdown Comparison
The maximum PBMPX drawdown since its inception was -19.69%, smaller than the maximum PMAQX drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for PBMPX and PMAQX.
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Drawdown Indicators
| PBMPX | PMAQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.69% | -40.56% | +20.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.16% | -19.25% | +16.09% |
Max Drawdown (3Y)Largest decline over 3 years | -5.72% | -19.25% | +13.53% |
Max Drawdown (5Y)Largest decline over 5 years | -19.48% | -31.10% | +11.62% |
Max Drawdown (10Y)Largest decline over 10 years | -19.48% | — | — |
Current DrawdownCurrent decline from peak | -4.94% | -10.62% | +5.68% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -6.89% | +3.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 9.81% | -8.65% |
Volatility
PBMPX vs. PMAQX - Volatility Comparison
The current volatility for Principal Core Plus Bond Fund (PBMPX) is 1.01%, while Principal MidCap R6 (PMAQX) has a volatility of 5.21%. This indicates that PBMPX 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
| PBMPX | PMAQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 5.21% | -4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 12.03% | -8.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.01% | 15.19% | -11.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.90% | 18.74% | -12.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 19.43% | -14.60% |
PBMPX vs. PMAQX - Expense Ratio Comparison
PBMPX has a 0.78% expense ratio, which is higher than PMAQX's 0.60% expense ratio.
Dividends
PBMPX vs. PMAQX - Dividend Comparison
PBMPX's dividend yield for the trailing twelve months is around 4.35%, less than PMAQX's 6.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBMPX Principal Core Plus Bond Fund | 4.35% | 4.42% | 4.10% | 3.04% | 2.06% | 3.12% | 7.16% | 3.44% | 3.36% | 2.78% | 2.30% | 2.21% |
PMAQX Principal MidCap R6 | 6.07% | 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
PBMPX and PMAQX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMAQX has higher volatility (5.21%) compared to PBMPX (1.01%). In terms of maximum drawdown, PBMPX dropped -19.69% vs PMAQX's -40.56%.
PBMPX currently has the higher Sharpe Ratio (0.59 vs -0.59), 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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