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:
1.39
QQQE:
0.57
PCBIX:
1.88
QQQE:
0.85
PCBIX:
1.24
QQQE:
1.11
PCBIX:
1.31
QQQE:
0.81
PCBIX:
5.33
QQQE:
2.53
PCBIX:
3.78%
QQQE:
3.36%
PCBIX:
14.48%
QQQE:
15.04%
PCBIX:
-57.73%
QQQE:
-32.14%
PCBIX:
-5.77%
QQQE:
-3.09%
Returns By Period
In the year-to-date period, PCBIX achieves a 4.67% return, which is significantly higher than QQQE's 3.62% return. Over the past 10 years, PCBIX has underperformed QQQE with an annualized return of 8.25%, while QQQE has yielded a comparatively higher 13.00% annualized return.
PCBIX
4.67%
3.51%
6.59%
19.22%
7.62%
8.25%
QQQE
3.62%
1.91%
7.42%
7.95%
12.31%
13.00%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 0.12%, less than QQQE's 0.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCBIX Principal MidCap Fund Institutional Class | 0.12% | 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 | 0.83% | 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
Principal MidCap Fund Institutional Class (PCBIX) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) have volatilities of 4.21% and 4.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.