PCBIX vs. PMOAX
PCBIX (Principal MidCap Fund Institutional Class) and PMOAX (Principal Opportunistic Municipal Fund) are both mutual funds - PCBIX is a Mid Cap Growth Equities fund managed by Principal, while PMOAX is a High Yield Muni fund managed by Principal. Over the past 10 years, PCBIX returned 11.98%/yr vs 2.31%/yr for PMOAX. At a correlation of -0.02, they often move in opposite directions. PCBIX charges 0.67%/yr vs 0.84%/yr for PMOAX.
Performance
PCBIX vs. PMOAX - 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 PMOAX's 2.89% return. Over the past 10 years, PCBIX has outperformed PMOAX with an annualized return of 11.98%, while PMOAX has yielded a comparatively lower 2.31% 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%
PMOAX
- 1D
- 0.00%
- 1M
- 0.68%
- 6M
- 2.57%
- YTD
- 2.89%
- 1Y
- 8.52%
- 3Y*
- 4.66%
- 5Y*
- -0.28%
- 10Y*
- 2.31%
PCBIX vs. PMOAX - 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% |
PMOAX Principal Opportunistic Municipal Fund | 2.89% | 2.91% | 4.40% | 6.76% | -16.56% | 6.38% | 4.40% | 10.55% | 1.34% | 10.14% |
Correlation
The correlation between PCBIX and PMOAX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2012 | -0.02 |
The correlation between PCBIX and PMOAX shifts across timeframes, from -0.02 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PCBIX vs. PMOAX — Risk / Return Rank
PCBIX
PMOAX
PCBIX vs. PMOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Fund Institutional Class (PCBIX) and Principal Opportunistic Municipal Fund (PMOAX). 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 | PMOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.03 | ||
| Sortino ratioReturn per unit of downside risk | -4.73 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.60 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 2.78 | -3.23 |
| Martin ratioReturn relative to average drawdown | -0.92 | 10.50 | -11.41 |
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Drawdowns
PCBIX vs. PMOAX - Drawdown Comparison
The maximum PCBIX drawdown since its inception was -50.25%, which is greater than PMOAX's maximum drawdown of -21.33%. Use the drawdown chart below to compare losses from any high point for PCBIX and PMOAX.
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Drawdown Indicators
| PCBIX | PMOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.25% | -21.33% | -28.92% |
Max Drawdown (1Y)Largest decline over 1 year | -19.29% | -2.91% | -16.38% |
Max Drawdown (3Y)Largest decline over 3 years | -19.29% | -6.41% | -12.88% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -21.33% | -9.84% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -21.33% | -19.23% |
Current DrawdownCurrent decline from peak | -10.44% | -1.75% | -8.69% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -4.77% | -1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.51% | 0.82% | +8.69% |
Volatility
PCBIX vs. PMOAX - Volatility Comparison
Principal MidCap Fund Institutional Class (PCBIX) has a higher volatility of 4.07% compared to Principal Opportunistic Municipal Fund (PMOAX) at 0.65%. This indicates that PCBIX's price experiences larger fluctuations and is considered to be riskier than PMOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCBIX | PMOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 0.65% | +3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | 2.31% | +9.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.70% | 3.32% | +11.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.70% | 4.76% | +13.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.10% | 5.05% | +14.05% |
PCBIX vs. PMOAX - Expense Ratio Comparison
PCBIX has a 0.67% expense ratio, which is lower than PMOAX's 0.84% expense ratio.
Dividends
PCBIX vs. PMOAX - Dividend Comparison
PCBIX's dividend yield for the trailing twelve months is around 6.07%, more than PMOAX's 4.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PMOAX Principal Opportunistic Municipal Fund | 4.49% | 4.59% | 4.32% | 3.42% | 3.36% | 3.09% | 3.28% | 3.48% | 3.89% | 3.62% | 3.57% | 3.73% |
Frequently Asked Questions
PCBIX and PMOAX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCBIX has higher volatility (4.07%) compared to PMOAX (0.65%). In terms of maximum drawdown, PCBIX dropped -50.25% vs PMOAX's -21.33%.
PMOAX currently has the higher Sharpe Ratio (2.44 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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