PCBIX vs. FCNTX
PCBIX (Principal MidCap Fund Institutional Class) and FCNTX (Fidelity Contrafund) are both mutual funds - PCBIX is a Mid Cap Growth Equities fund managed by Principal, while FCNTX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 10 years, PCBIX returned 11.98%/yr vs 17.60%/yr for FCNTX. Their correlation of 0.86 suggests significant overlap in exposure. PCBIX charges 0.67%/yr vs 0.39%/yr for FCNTX.
Performance
PCBIX vs. FCNTX - 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 FCNTX's 10.81% return. Over the past 10 years, PCBIX has underperformed FCNTX with an annualized return of 11.98%, while FCNTX has yielded a comparatively higher 17.60% 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%
FCNTX
- 1D
- 0.34%
- 1M
- 2.56%
- 6M
- 8.88%
- YTD
- 10.81%
- 1Y
- 20.89%
- 3Y*
- 26.73%
- 5Y*
- 14.23%
- 10Y*
- 17.60%
PCBIX vs. FCNTX - 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% |
FCNTX Fidelity Contrafund | 10.81% | 21.76% | 36.00% | 38.67% | -28.31% | 24.52% | 32.48% | 30.00% | -3.81% | 32.18% |
Correlation
The correlation between PCBIX and FCNTX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2001 | 0.86 |
Over the past year, the correlation between PCBIX and FCNTX has dropped to 0.50 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
PCBIX vs. FCNTX — Risk / Return Rank
PCBIX
FCNTX
PCBIX vs. FCNTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Fund Institutional Class (PCBIX) and Fidelity Contrafund (FCNTX). 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 | FCNTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.25 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 1.82 | -2.27 |
| Martin ratioReturn relative to average drawdown | -0.92 | 7.47 | -8.39 |
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Drawdowns
PCBIX vs. FCNTX - Drawdown Comparison
The maximum PCBIX drawdown since its inception was -50.25%, roughly equal to the maximum FCNTX drawdown of -49.19%. Use the drawdown chart below to compare losses from any high point for PCBIX and FCNTX.
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Drawdown Indicators
| PCBIX | FCNTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.25% | -49.19% | -1.06% |
Max Drawdown (1Y)Largest decline over 1 year | -19.29% | -11.30% | -7.99% |
Max Drawdown (3Y)Largest decline over 3 years | -19.29% | -19.75% | +0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -32.59% | +1.42% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -32.59% | -7.97% |
Current DrawdownCurrent decline from peak | -10.44% | -0.63% | -9.81% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -8.14% | +1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.51% | 2.75% | +6.76% |
Volatility
PCBIX vs. FCNTX - Volatility Comparison
The current volatility for Principal MidCap Fund Institutional Class (PCBIX) is 4.07%, while Fidelity Contrafund (FCNTX) has a volatility of 6.16%. This indicates that PCBIX experiences smaller price fluctuations and is considered to be less risky than FCNTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCBIX | FCNTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 6.16% | -2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | 12.10% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.70% | 15.13% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.70% | 19.35% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.10% | 19.71% | -0.61% |
PCBIX vs. FCNTX - Expense Ratio Comparison
PCBIX has a 0.67% expense ratio, which is higher than FCNTX's 0.39% expense ratio.
Dividends
PCBIX vs. FCNTX - Dividend Comparison
PCBIX's dividend yield for the trailing twelve months is around 6.07%, more than FCNTX's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNTX Fidelity Contrafund | 4.21% | 5.21% | 4.19% | 3.78% | 11.87% | 10.80% | 8.01% | 4.16% | 7.46% | 6.08% | 3.81% | 5.33% |
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 FCNTX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCNTX has higher volatility (6.16%) compared to PCBIX (4.07%). In terms of maximum drawdown, PCBIX dropped -50.25% vs FCNTX's -49.19%.
FCNTX currently has the higher Sharpe Ratio (1.36 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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