PCBIX vs. SMH
Compare and contrast key facts about Principal MidCap Fund Institutional Class (PCBIX) and VanEck Vectors Semiconductor ETF (SMH).
PCBIX is managed by Principal. It was launched on Dec 6, 2000. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PCBIX or SMH.
Performance
PCBIX vs. SMH - Performance Comparison
Returns By Period
In the year-to-date period, PCBIX achieves a 23.60% return, which is significantly lower than SMH's 38.13% return. Over the past 10 years, PCBIX has underperformed SMH with an annualized return of 7.73%, while SMH has yielded a comparatively higher 27.98% annualized return.
PCBIX
23.60%
0.53%
12.15%
29.32%
8.55%
7.73%
SMH
38.13%
-3.96%
2.78%
49.47%
32.62%
27.98%
Key characteristics
| PCBIX | SMH | |
|---|---|---|
| Sharpe Ratio | 2.21 | 1.46 |
| Sortino Ratio | 2.98 | 1.96 |
| Omega Ratio | 1.38 | 1.26 |
| Calmar Ratio | 1.48 | 2.02 |
| Martin Ratio | 12.96 | 5.47 |
| Ulcer Index | 2.29% | 9.18% |
| Daily Std Dev | 13.44% | 34.52% |
| Max Drawdown | -57.73% | -95.73% |
| Current Drawdown | -2.17% | -14.13% |
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PCBIX vs. SMH - Expense Ratio Comparison
PCBIX has a 0.67% expense ratio, which is higher than SMH's 0.35% expense ratio.
Correlation
The correlation between PCBIX and SMH is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
PCBIX vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Fund Institutional Class (PCBIX) and VanEck Vectors Semiconductor ETF (SMH). 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. SMH - Dividend Comparison
PCBIX's dividend yield for the trailing twelve months is around 0.03%, less than SMH's 0.43% 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% |
SMH VanEck Vectors Semiconductor ETF | 0.43% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
PCBIX vs. SMH - Drawdown Comparison
The maximum PCBIX drawdown since its inception was -57.73%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for PCBIX and SMH. For additional features, visit the drawdowns tool.
Volatility
PCBIX vs. SMH - Volatility Comparison
The current volatility for Principal MidCap Fund Institutional Class (PCBIX) is 4.62%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 8.25%. This indicates that PCBIX experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.