PCBIX vs. PCSFX
PCBIX (Principal MidCap Fund Institutional Class) and PCSFX (Principal Capital Securities Fund) are both mutual funds - PCBIX is a Mid Cap Growth Equities fund managed by Principal, while PCSFX is a Preferred Stock/Convertible Bonds fund managed by Principal. Over the past 10 years, PCBIX returned 12.24%/yr vs 5.53%/yr for PCSFX. At a 0.28 correlation, their price movements are largely independent. PCBIX charges 0.67%/yr vs 0.00%/yr for PCSFX.
Performance
PCBIX vs. PCSFX - Performance Comparison
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Returns By Period
In the year-to-date period, PCBIX achieves a -7.10% return, which is significantly lower than PCSFX's 1.47% return. Over the past 10 years, PCBIX has outperformed PCSFX with an annualized return of 12.24%, while PCSFX has yielded a comparatively lower 5.53% annualized return.
PCBIX
- 1D
- -0.20%
- 1M
- 2.50%
- YTD
- -7.10%
- 6M
- -8.62%
- 1Y
- -9.88%
- 3Y*
- 9.58%
- 5Y*
- 4.53%
- 10Y*
- 12.24%
PCSFX
- 1D
- -0.10%
- 1M
- 0.71%
- YTD
- 1.47%
- 6M
- 1.64%
- 1Y
- 6.37%
- 3Y*
- 10.32%
- 5Y*
- 3.48%
- 10Y*
- 5.53%
PCBIX vs. PCSFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCBIX Principal MidCap Fund Institutional Class | -7.10% | 1.62% | 23.63% | 25.92% | -23.16% | 25.22% | 18.25% | 49.40% | -6.86% | 25.32% |
PCSFX Principal Capital Securities Fund | 1.47% | 8.96% | 12.15% | 6.82% | -11.35% | 3.74% | 7.71% | 17.41% | -4.61% | 11.57% |
Correlation
The correlation between PCBIX and PCSFX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2014 | 0.28 |
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Return for Risk
PCBIX vs. PCSFX — Risk / Return Rank
PCBIX
PCSFX
PCBIX vs. PCSFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Fund Institutional Class (PCBIX) and Principal Capital Securities Fund (PCSFX). 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 | PCSFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.66 | ||
| Sortino ratioReturn per unit of downside risk | -5.31 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.77 | -0.86 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 2.19 | -2.66 |
| Martin ratioReturn relative to average drawdown | -0.99 | 9.80 | -10.79 |
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Drawdowns
PCBIX vs. PCSFX - Drawdown Comparison
The maximum PCBIX drawdown since its inception was -50.25%, which is greater than PCSFX's maximum drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for PCBIX and PCSFX.
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Drawdown Indicators
| PCBIX | PCSFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.25% | -22.42% | -27.83% |
Max Drawdown (1Y)Largest decline over 1 year | -19.29% | -2.97% | -16.32% |
Max Drawdown (3Y)Largest decline over 3 years | -19.29% | -2.97% | -16.32% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -18.67% | -12.50% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -22.42% | -18.14% |
Current DrawdownCurrent decline from peak | -13.17% | -0.13% | -13.04% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -2.47% | -4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.20% | 0.66% | +8.54% |
Volatility
PCBIX vs. PCSFX - Volatility Comparison
Principal MidCap Fund Institutional Class (PCBIX) has a higher volatility of 4.42% compared to Principal Capital Securities Fund (PCSFX) at 0.56%. This indicates that PCBIX's price experiences larger fluctuations and is considered to be riskier than PCSFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCBIX | PCSFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 0.56% | +3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 11.64% | 1.90% | +9.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 2.15% | +12.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.69% | 4.29% | +14.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.14% | 5.03% | +14.11% |
PCBIX vs. PCSFX - Expense Ratio Comparison
PCBIX has a 0.67% expense ratio, which is higher than PCSFX's 0.00% expense ratio.
Dividends
PCBIX vs. PCSFX - Dividend Comparison
PCBIX's dividend yield for the trailing twelve months is around 6.26%, more than PCSFX's 5.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCBIX Principal MidCap Fund Institutional Class | 6.26% | 5.81% | 6.40% | 2.51% | 3.18% | 7.96% | 1.08% | 9.02% | 12.24% | 3.31% | 2.49% | 6.30% |
PCSFX Principal Capital Securities Fund | 5.67% | 5.80% | 5.50% | 5.75% | 5.68% | 4.57% | 4.88% | 5.43% | 6.07% | 5.14% | 5.08% | 5.78% |
Frequently Asked Questions
PCBIX and PCSFX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCBIX has higher volatility (4.42%) compared to PCSFX (0.56%). In terms of maximum drawdown, PCBIX dropped -50.25% vs PCSFX's -22.42%.
PCSFX currently has the higher Sharpe Ratio (3.03 vs -0.63), 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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