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.
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.
Performance
PCBIX vs. QQQE - Performance Comparison
Key characteristics
PCBIX:
0.37
QQQE:
-0.11
PCBIX:
0.64
QQQE:
-0.00
PCBIX:
1.08
QQQE:
1.00
PCBIX:
0.36
QQQE:
-0.10
PCBIX:
1.17
QQQE:
-0.41
PCBIX:
5.96%
QQQE:
5.41%
PCBIX:
18.76%
QQQE:
21.05%
PCBIX:
-57.73%
QQQE:
-32.14%
PCBIX:
-13.93%
QQQE:
-15.78%
Returns By Period
In the year-to-date period, PCBIX achieves a -4.40% return, which is significantly higher than QQQE's -8.08% return. Over the past 10 years, PCBIX has underperformed QQQE with an annualized return of 6.30%, while QQQE has yielded a comparatively higher 10.72% annualized return.
PCBIX
-4.40%
-3.64%
-9.40%
7.90%
10.35%
6.30%
QQQE
-8.08%
-7.63%
-9.68%
-0.58%
11.12%
10.72%
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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.
Risk-Adjusted Performance
PCBIX vs. QQQE — Risk-Adjusted Performance Rank
PCBIX
QQQE
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 0.14%, less than QQQE's 0.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCBIX Principal MidCap Fund Institutional Class | 0.14% | 0.13% | 0.04% | 0.00% | 0.00% | 0.00% | 0.47% | 0.07% | 0.05% | 0.41% | 0.13% | 0.36% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.78% | 0.86% | 0.79% | 0.97% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.75% | 1.36% |
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 11.87%, while Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) has a volatility of 14.70%. 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.