PCBIX vs. EISMX
PCBIX (Principal MidCap Fund Institutional Class) and EISMX (Eaton Vance Atlanta Capital SMID-Cap Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, PCBIX returned 11.98%/yr vs 9.82%/yr for EISMX. Their correlation of 0.90 suggests significant overlap in exposure. PCBIX charges 0.67%/yr vs 0.88%/yr for EISMX.
Performance
PCBIX vs. EISMX - Performance Comparison
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Returns By Period
In the year-to-date period, PCBIX achieves a -4.18% return, which is significantly lower than EISMX's 1.28% return. Over the past 10 years, PCBIX has outperformed EISMX with an annualized return of 11.98%, while EISMX has yielded a comparatively lower 9.82% annualized return.
PCBIX
- 1D
- 0.34%
- 1M
- 2.27%
- 6M
- -7.22%
- YTD
- -4.18%
- 1Y
- -7.90%
- 3Y*
- 9.45%
- 5Y*
- 4.79%
- 10Y*
- 11.98%
EISMX
- 1D
- 0.54%
- 1M
- 3.21%
- 6M
- -3.59%
- YTD
- 1.28%
- 1Y
- -4.77%
- 3Y*
- 6.29%
- 5Y*
- 4.27%
- 10Y*
- 9.82%
PCBIX vs. EISMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCBIX Principal MidCap Fund Institutional Class | -4.18% | 1.62% | 23.63% | 25.92% | -23.16% | 25.22% | 18.25% | 49.40% | -6.86% | 25.32% |
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund | 1.28% | -5.66% | 17.64% | 14.01% | -8.77% | 22.02% | 11.31% | 34.37% | -5.55% | 24.71% |
Correlation
The correlation between PCBIX and EISMX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2002 | 0.90 |
The correlation between PCBIX and EISMX has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
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Return for Risk
PCBIX vs. EISMX — Risk / Return Rank
PCBIX
EISMX
PCBIX vs. EISMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Fund Institutional Class (PCBIX) and Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX). 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.
| PCBIX | EISMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.95 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | -0.40 | -0.05 |
| Martin ratioReturn relative to average drawdown | -0.92 | -0.73 | -0.19 |
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Drawdowns
PCBIX vs. EISMX - Drawdown Comparison
The maximum PCBIX drawdown since its inception was -50.25%, which is greater than EISMX's maximum drawdown of -45.32%. Use the drawdown chart below to compare losses from any high point for PCBIX and EISMX.
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Drawdown Indicators
| PCBIX | EISMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.25% | -45.32% | -4.93% |
Max Drawdown (1Y)Largest decline over 1 year | -19.29% | -14.66% | -4.63% |
Max Drawdown (3Y)Largest decline over 3 years | -19.29% | -19.39% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -19.81% | -11.36% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -39.95% | -0.61% |
Current DrawdownCurrent decline from peak | -10.44% | -9.97% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -5.85% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.51% | 8.03% | +1.48% |
Volatility
PCBIX vs. EISMX - Volatility Comparison
The current volatility for Principal MidCap Fund Institutional Class (PCBIX) is 4.07%, while Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX) has a volatility of 4.73%. This indicates that PCBIX experiences smaller price fluctuations and is considered to be less risky than EISMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCBIX | EISMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 4.73% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | 11.68% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.70% | 15.74% | -1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.70% | 17.15% | +1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.10% | 18.81% | +0.29% |
PCBIX vs. EISMX - Expense Ratio Comparison
PCBIX has a 0.67% expense ratio, which is lower than EISMX's 0.88% expense ratio.
Dividends
PCBIX vs. EISMX - Dividend Comparison
PCBIX's dividend yield for the trailing twelve months is around 6.07%, less than EISMX's 6.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund | 6.35% | 6.43% | 7.26% | 2.78% | 10.37% | 10.49% | 9.80% | 6.52% | 7.20% | 3.30% | 3.58% | 6.70% |
PCBIX Principal MidCap Fund Institutional Class | 6.07% | 5.81% | 6.40% | 2.51% | 3.18% | 7.96% | 1.08% | 9.02% | 12.24% | 3.31% | 2.49% | 6.30% |
Frequently Asked Questions
PCBIX and EISMX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EISMX has higher volatility (4.73%) compared to PCBIX (4.07%). In terms of maximum drawdown, PCBIX dropped -50.25% vs EISMX's -45.32%.
EISMX currently has the higher Sharpe Ratio (-0.37 vs -0.60), 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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