PCBIX vs. FDLO
Compare and contrast key facts about Principal MidCap Fund Institutional Class (PCBIX) and Fidelity Low Volatility Factor ETF (FDLO).
PCBIX is managed by Principal. It was launched on Dec 6, 2000. FDLO is a passively managed fund by Fidelity that tracks the performance of the Fidelity U.S. Low Volatility Factor Index. It was launched on Sep 12, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PCBIX or FDLO.
Performance
PCBIX vs. FDLO - Performance Comparison
Returns By Period
In the year-to-date period, PCBIX achieves a 27.60% return, which is significantly higher than FDLO's 18.29% return.
PCBIX
27.60%
6.45%
16.72%
32.13%
9.36%
8.01%
FDLO
18.29%
0.81%
11.57%
21.68%
12.10%
N/A
Key characteristics
| PCBIX | FDLO | |
|---|---|---|
| Sharpe Ratio | 2.38 | 2.47 |
| Sortino Ratio | 3.19 | 3.34 |
| Omega Ratio | 1.40 | 1.46 |
| Calmar Ratio | 1.65 | 4.81 |
| Martin Ratio | 13.99 | 15.72 |
| Ulcer Index | 2.30% | 1.38% |
| Daily Std Dev | 13.52% | 8.78% |
| Max Drawdown | -57.73% | -34.35% |
| Current Drawdown | 0.00% | -0.75% |
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PCBIX vs. FDLO - Expense Ratio Comparison
PCBIX has a 0.67% expense ratio, which is higher than FDLO's 0.29% expense ratio.
Correlation
The correlation between PCBIX and FDLO is 0.86, 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.
Risk-Adjusted Performance
PCBIX vs. FDLO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Fund Institutional Class (PCBIX) and Fidelity Low Volatility Factor ETF (FDLO). 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.
Dividends
PCBIX vs. FDLO - Dividend Comparison
PCBIX's dividend yield for the trailing twelve months is around 0.03%, less than FDLO's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCBIX Principal MidCap Fund Institutional Class | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.47% | 0.07% | 0.05% | 0.41% | 0.13% | 0.36% | 0.24% |
FDLO Fidelity Low Volatility Factor ETF | 1.27% | 1.35% | 1.49% | 1.11% | 1.38% | 1.55% | 1.76% | 1.61% | 0.55% | 0.00% | 0.00% | 0.00% |
Drawdowns
PCBIX vs. FDLO - Drawdown Comparison
The maximum PCBIX drawdown since its inception was -57.73%, which is greater than FDLO's maximum drawdown of -34.35%. Use the drawdown chart below to compare losses from any high point for PCBIX and FDLO. For additional features, visit the drawdowns tool.
Volatility
PCBIX vs. FDLO - Volatility Comparison
Principal MidCap Fund Institutional Class (PCBIX) has a higher volatility of 4.61% compared to Fidelity Low Volatility Factor ETF (FDLO) at 3.04%. This indicates that PCBIX's price experiences larger fluctuations and is considered to be riskier than FDLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.