PCBIX vs. VOO
PCBIX (Principal MidCap Fund Institutional Class) and VOO (Vanguard S&P 500 ETF) are both funds - PCBIX is a Mid Cap Growth Equities fund managed by Principal, while VOO is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, PCBIX returned 11.82%/yr vs 15.14%/yr for VOO. Their correlation of 0.88 means they have usually moved in the same direction. PCBIX charges 0.67%/yr vs 0.03%/yr for VOO.
Performance
PCBIX vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, PCBIX achieves a -3.74% return, which is significantly lower than VOO's 10.16% return. Over the past 10 years, PCBIX has underperformed VOO with an annualized return of 11.82%, while VOO has yielded a comparatively higher 15.14% annualized return.
PCBIX
- 1D
- -1.39%
- 1M
- -0.60%
- 6M
- -3.13%
- YTD
- -3.74%
- 1Y
- -7.35%
- 3Y*
- 9.29%
- 5Y*
- 4.47%
- 10Y*
- 11.82%
- ALL TIME*
- 10.93%
VOO
- 1D
- 0.71%
- 1M
- 0.26%
- 6M
- 8.58%
- YTD
- 10.16%
- 1Y
- 21.58%
- 3Y*
- 19.42%
- 5Y*
- 12.83%
- 10Y*
- 15.14%
- ALL TIME*
- 14.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $3.82B | $3.78B | $5.44B |
PCBIX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCBIX Principal MidCap Fund Institutional Class | -3.74% | 1.62% | 23.63% | 25.92% | -23.16% | 25.22% | 18.25% | 49.40% | -6.86% | 25.32% |
VOO Vanguard S&P 500 ETF | 10.16% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between PCBIX and VOO is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.88 |
Over the past year, the correlation between PCBIX and VOO has dropped to 0.57 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
PCBIX vs. VOO — Risk / Return Rank
PCBIX
VOO
PCBIX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Fund Institutional Class (PCBIX) and Vanguard S&P 500 ETF (VOO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PCBIX | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.28 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 2.21 | -2.69 |
| Martin ratioReturn relative to average drawdown | -0.94 | 9.44 | -10.38 |
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Drawdowns
PCBIX vs. VOO - Drawdown Comparison
The maximum PCBIX drawdown since its inception was -50.25%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PCBIX and VOO.
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Drawdown Indicators
| PCBIX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.25% | -33.99% | -16.26% |
Max Drawdown (1Y)Largest decline over 1 year | -19.29% | -8.90% | -10.39% |
Max Drawdown (3Y)Largest decline over 3 years | -19.29% | -18.69% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -24.52% | -6.65% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -33.99% | -6.57% |
Current DrawdownCurrent decline from peak | -10.03% | -1.38% | -8.65% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -3.67% | -2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.82% | 2.08% | +7.74% |
Volatility
PCBIX vs. VOO - Volatility Comparison
Principal MidCap Fund Institutional Class (PCBIX) has a higher volatility of 5.19% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. This indicates that PCBIX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCBIX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 3.54% | +1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 12.00% | 10.10% | +1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.15% | 12.82% | +2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.75% | 16.93% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.14% | 18.01% | +1.13% |
PCBIX vs. VOO - Expense Ratio Comparison
PCBIX has a 0.67% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
PCBIX vs. VOO - Dividend Comparison
PCBIX's dividend yield for the trailing twelve months is around 6.04%, more than VOO's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCBIX Principal MidCap Fund Institutional Class | 6.04% | 5.81% | 6.40% | 2.51% | 3.18% | 7.96% | 1.08% | 9.02% | 12.24% | 3.31% | 2.49% | 6.30% |
VOO Vanguard S&P 500 ETF | 1.07% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
PCBIX and VOO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCBIX has higher volatility (5.19%) compared to VOO (3.54%). In terms of maximum drawdown, PCBIX dropped -50.25% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.53 vs -0.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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