PCBIX vs. QQQE
Compare and contrast key facts about Principal MidCap Fund Institutional Class (PCBIX) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE).
PCBIX is managed by Principal. It was launched on Dec 6, 2000. QQQE is a passively managed fund by Direxion that tracks the performance of the NASDAQ-100 Equal Weighted Index. It was launched on Mar 21, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PCBIX or QQQE.
Performance
PCBIX vs. QQQE - Performance Comparison
Returns By Period
In the year-to-date period, PCBIX achieves a 23.52% return, which is significantly higher than QQQE's 9.05% return. Over the past 10 years, PCBIX has underperformed QQQE with an annualized return of 7.72%, while QQQE has yielded a comparatively higher 12.57% annualized return.
PCBIX
23.52%
0.47%
12.06%
28.40%
8.66%
7.72%
QQQE
9.05%
0.16%
3.92%
17.93%
13.59%
12.57%
Key characteristics
| PCBIX | QQQE | |
|---|---|---|
| Sharpe Ratio | 2.18 | 1.33 |
| Sortino Ratio | 2.94 | 1.86 |
| Omega Ratio | 1.37 | 1.23 |
| Calmar Ratio | 1.50 | 1.85 |
| Martin Ratio | 12.74 | 6.47 |
| Ulcer Index | 2.29% | 3.00% |
| Daily Std Dev | 13.41% | 14.60% |
| Max Drawdown | -57.73% | -32.14% |
| Current Drawdown | -2.23% | -2.58% |
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PCBIX vs. QQQE - Expense Ratio Comparison
PCBIX has a 0.67% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Correlation
The correlation between PCBIX and QQQE is 0.83, 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. QQQE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Fund Institutional Class (PCBIX) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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. QQQE - Dividend Comparison
PCBIX's dividend yield for the trailing twelve months is around 0.03%, less than QQQE's 0.85% 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% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.85% | 0.79% | 0.97% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.75% | 1.36% | 0.38% |
Drawdowns
PCBIX vs. QQQE - Drawdown Comparison
The maximum PCBIX drawdown since its inception was -57.73%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for PCBIX and QQQE. For additional features, visit the drawdowns tool.
Volatility
PCBIX vs. QQQE - Volatility Comparison
The current volatility for Principal MidCap Fund Institutional Class (PCBIX) is 4.55%, while Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) has a volatility of 4.86%. This indicates that PCBIX experiences smaller price fluctuations and is considered to be less risky than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.