PCBIX vs. VO
Compare and contrast key facts about Principal MidCap Fund Institutional Class (PCBIX) and Vanguard Mid-Cap ETF (VO).
PCBIX is managed by Principal. It was launched on Dec 6, 2000. VO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Index. It was launched on Jan 26, 2004.
Performance
PCBIX vs. VO - Performance Comparison
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PCBIX vs. VO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCBIX Principal MidCap Fund Institutional Class | -12.96% | 1.62% | 23.63% | 25.92% | -23.16% | 25.22% | 18.25% | 49.40% | -6.86% | 25.32% |
VO Vanguard Mid-Cap ETF | -0.68% | 11.62% | 15.31% | 16.03% | -18.73% | 24.70% | 18.10% | 30.98% | -9.24% | 19.28% |
Returns By Period
In the year-to-date period, PCBIX achieves a -12.96% return, which is significantly lower than VO's -0.68% return. Over the past 10 years, PCBIX has outperformed VO with an annualized return of 11.48%, while VO has yielded a comparatively lower 10.67% annualized return.
PCBIX
- 1D
- 0.78%
- 1M
- -9.56%
- YTD
- -12.96%
- 6M
- -16.52%
- 1Y
- -11.19%
- 3Y*
- 9.26%
- 5Y*
- 5.06%
- 10Y*
- 11.48%
VO
- 1D
- 2.22%
- 1M
- -5.86%
- YTD
- -0.68%
- 6M
- -1.48%
- 1Y
- 12.73%
- 3Y*
- 12.61%
- 5Y*
- 6.66%
- 10Y*
- 10.67%
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PCBIX vs. VO - Expense Ratio Comparison
PCBIX has a 0.67% expense ratio, which is higher than VO's 0.04% expense ratio.
Return for Risk
PCBIX vs. VO — Risk / Return Rank
PCBIX
VO
PCBIX vs. VO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Fund Institutional Class (PCBIX) and Vanguard Mid-Cap ETF (VO). 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.
| PCBIX | VO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.58 | 0.73 | -1.30 |
Sortino ratioReturn per unit of downside risk | -0.71 | 1.12 | -1.83 |
Omega ratioGain probability vs. loss probability | 0.91 | 1.16 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | -0.60 | 1.05 | -1.65 |
Martin ratioReturn relative to average drawdown | -1.81 | 4.84 | -6.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PCBIX | VO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.58 | 0.73 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.38 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.57 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.48 | +0.10 |
Correlation
The correlation between PCBIX and VO is 0.94, 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.
Dividends
PCBIX vs. VO - Dividend Comparison
PCBIX's dividend yield for the trailing twelve months is around 6.68%, more than VO's 1.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCBIX Principal MidCap Fund Institutional Class | 6.68% | 5.81% | 6.40% | 2.51% | 3.18% | 7.96% | 1.08% | 9.02% | 12.24% | 3.31% | 2.49% | 6.30% |
VO Vanguard Mid-Cap ETF | 1.51% | 1.52% | 1.49% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% |
Drawdowns
PCBIX vs. VO - Drawdown Comparison
The maximum PCBIX drawdown since its inception was -50.25%, smaller than the maximum VO drawdown of -58.87%. Use the drawdown chart below to compare losses from any high point for PCBIX and VO.
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Drawdown Indicators
| PCBIX | VO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.25% | -58.87% | +8.62% |
Max Drawdown (1Y)Largest decline over 1 year | -19.29% | -12.74% | -6.55% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -27.57% | -3.60% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -39.37% | -1.19% |
Current DrawdownCurrent decline from peak | -18.65% | -6.12% | -12.53% |
Average DrawdownAverage peak-to-trough decline | -6.50% | -7.91% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.44% | 2.76% | +3.68% |
Volatility
PCBIX vs. VO - Volatility Comparison
The current volatility for Principal MidCap Fund Institutional Class (PCBIX) is 4.56%, while Vanguard Mid-Cap ETF (VO) has a volatility of 4.89%. This indicates that PCBIX experiences smaller price fluctuations and is considered to be less risky than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCBIX | VO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 4.89% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.34% | 9.72% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.28% | 17.57% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.53% | 17.62% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.09% | 18.94% | +0.15% |