PBMPX vs. SACAX

Last updated Jun 4, 2026

PBMPX (Principal Core Plus Bond Fund) and SACAX (Principal SAM Strategic Growth Portfolio) are both mutual funds - PBMPX is a Intermediate Core-Plus Bond fund managed by Principal, while SACAX is a Diversified Portfolio fund managed by Principal. Over the past 10 years, PBMPX returned 1.67%/yr vs 12.25%/yr for SACAX. At a correlation of -0.10, they often move in opposite directions. PBMPX charges 0.78%/yr vs 0.61%/yr for SACAX.

Performance

PBMPX vs. SACAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Core Plus Bond Fund (PBMPX) and Principal SAM Strategic Growth Portfolio (SACAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBMPX achieves a 0.19% return, which is significantly lower than SACAX's 11.70% return. Over the past 10 years, PBMPX has underperformed SACAX with an annualized return of 1.67%, while SACAX has yielded a comparatively higher 12.25% annualized return.

PBMPX

• 1D: 0.00%
• 1M: 0.62%
• YTD: 0.19%
• 6M: 0.07%
• 1Y: 5.41%
• 3Y*: 3.79%
• 5Y*: -0.38%
• 10Y*: 1.67%

SACAX

• 1D: 0.54%
• 1M: 4.86%
• YTD: 11.70%
• 6M: 12.35%
• 1Y: 25.25%
• 3Y*: 21.69%
• 5Y*: 11.11%
• 10Y*: 12.25%

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

PBMPX vs. SACAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PBMPX Principal Core Plus Bond Fund	0.19%	7.15%	0.71%	5.23%	-14.62%	-0.84%	9.33%	9.64%	-1.93%	4.66%
SACAX Principal SAM Strategic Growth Portfolio	11.70%	16.56%	24.20%	21.42%	-19.06%	19.34%	15.11%	26.87%	-9.13%	21.68%

Correlation

The correlation between PBMPX and SACAX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Dec 7, 2000	-0.10

The correlation between PBMPX and SACAX shifts across timeframes, from -0.10 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PBMPX vs. SACAX — Risk / Return Rank

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

PBMPX

PBMPX Risk / Return Rank: 22
PBMPX Sharpe Ratio Rank: 23
PBMPX Sortino Ratio Rank: 22
PBMPX Omega Ratio Rank: 24
PBMPX Calmar Ratio Rank: 22
PBMPX Martin Ratio Rank: 22

SACAX

SACAX Risk / Return Rank: 58
SACAX Sharpe Ratio Rank: 57
SACAX Sortino Ratio Rank: 54
SACAX Omega Ratio Rank: 55
SACAX Calmar Ratio Rank: 58
SACAX Martin Ratio Rank: 67

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.

PBMPX vs. SACAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Core Plus Bond Fund (PBMPX) and Principal SAM Strategic Growth Portfolio (SACAX). 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	SACAX	Difference
Sharpe ratio: Return per unit of total volatility	1.36	2.22	-0.86
Sortino ratio: Return per unit of downside risk	1.98	3.10	-1.12
Omega ratio: Gain probability vs. loss probability	1.25	1.41	-0.16
Calmar ratio: Return relative to maximum drawdown	1.72	2.92	-1.20
Martin ratio: Return relative to average drawdown	5.62	13.07	-7.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PBMPX vs. SACAX - Sharpe Ratio Comparison

The current PBMPX Sharpe Ratio is 1.36, which is lower than the SACAX Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of PBMPX and SACAX, 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

	PBMPX	SACAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	2.22	-0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	0.71	-0.78
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	0.77	-0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.48	+0.09

Drawdowns

PBMPX vs. SACAX - Drawdown Comparison

The maximum PBMPX drawdown since its inception was -19.69%, smaller than the maximum SACAX drawdown of -54.31%. Use the drawdown chart below to compare losses from any high point for PBMPX and SACAX.

Drawdown Indicators

	PBMPX	SACAX	Difference
Max Drawdown Largest peak-to-trough decline	-19.69%	-54.31%	+34.62%
Max Drawdown (1Y) Largest decline over 1 year	-3.16%	-8.85%	+5.69%
Max Drawdown (3Y) Largest decline over 3 years	-7.04%	-15.88%	+8.84%
Max Drawdown (5Y) Largest decline over 5 years	-19.48%	-26.96%	+7.48%
Max Drawdown (10Y) Largest decline over 10 years	-19.48%	-34.90%	+15.42%
Current Drawdown Current decline from peak	-3.88%	0.00%	-3.88%
Average Drawdown Average peak-to-trough decline	-3.46%	-9.79%	+6.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	1.97%	-1.01%

Volatility

PBMPX vs. SACAX - Volatility Comparison

The current volatility for Principal Core Plus Bond Fund (PBMPX) is 1.48%, while Principal SAM Strategic Growth Portfolio (SACAX) has a volatility of 3.34%. This indicates that PBMPX experiences smaller price fluctuations and is considered to be less risky than SACAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBMPX	SACAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.48%	3.34%	-1.86%
Volatility (6M) Calculated over the trailing 6-month period	3.03%	9.29%	-6.26%
Volatility (1Y) Calculated over the trailing 1-year period	4.00%	11.60%	-7.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.88%	15.63%	-9.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.82%	16.05%	-11.23%

PBMPX vs. SACAX - Expense Ratio Comparison

PBMPX has a 0.78% expense ratio, which is higher than SACAX's 0.61% expense ratio.

Dividends

PBMPX vs. SACAX - Dividend Comparison

PBMPX's dividend yield for the trailing twelve months is around 4.20%, less than SACAX's 10.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PBMPX Principal Core Plus Bond Fund	4.20%	4.42%	4.10%	3.04%	2.06%	3.12%	7.16%	3.44%	3.36%	2.78%	2.30%	2.21%
SACAX Principal SAM Strategic Growth Portfolio	10.74%	11.99%	13.37%	1.16%	9.30%	7.53%	4.02%	4.47%	20.79%	6.82%	3.68%	14.08%

Frequently Asked Questions

Can I hold both PBMPX and SACAX in my portfolio?

PBMPX and SACAX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PBMPX or SACAX?

SACAX has higher volatility (3.34%) compared to PBMPX (1.48%). In terms of maximum drawdown, PBMPX dropped -19.69% vs SACAX's -54.31%.

Which has better risk-adjusted returns?

SACAX currently has the higher Sharpe Ratio (2.22 vs 1.36), 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.