PCSFX vs. PCBIX
PCSFX (Principal Capital Securities Fund) and PCBIX (Principal MidCap Fund Institutional Class) are both mutual funds - PCSFX is a Preferred Stock/Convertible Bonds fund managed by Principal, while PCBIX is a Mid Cap Growth Equities fund managed by Principal. Over the past 10 years, PCSFX returned 5.54%/yr vs 12.26%/yr for PCBIX. At a 0.28 correlation, their price movements are largely independent. PCSFX charges 0.00%/yr vs 0.67%/yr for PCBIX.
Performance
PCSFX vs. PCBIX - Performance Comparison
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Returns By Period
In the year-to-date period, PCSFX achieves a 1.58% return, which is significantly higher than PCBIX's -6.91% return. Over the past 10 years, PCSFX has underperformed PCBIX with an annualized return of 5.54%, while PCBIX has yielded a comparatively higher 12.26% annualized return.
PCSFX
- 1D
- 0.10%
- 1M
- 0.82%
- YTD
- 1.58%
- 6M
- 1.85%
- 1Y
- 6.59%
- 3Y*
- 10.36%
- 5Y*
- 3.52%
- 10Y*
- 5.54%
PCBIX
- 1D
- -1.02%
- 1M
- 2.71%
- YTD
- -6.91%
- 6M
- -8.20%
- 1Y
- -8.90%
- 3Y*
- 9.65%
- 5Y*
- 4.75%
- 10Y*
- 12.26%
PCSFX vs. PCBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCSFX Principal Capital Securities Fund | 1.58% | 8.96% | 12.15% | 6.82% | -11.35% | 3.74% | 7.71% | 17.41% | -4.61% | 11.57% |
PCBIX Principal MidCap Fund Institutional Class | -6.91% | 1.62% | 23.63% | 25.92% | -23.16% | 25.22% | 18.25% | 49.40% | -6.86% | 25.32% |
Correlation
The correlation between PCSFX and PCBIX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2014 | 0.28 |
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Return for Risk
PCSFX vs. PCBIX — Risk / Return Rank
PCSFX
PCBIX
PCSFX vs. PCBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Capital Securities Fund (PCSFX) and Principal MidCap Fund Institutional Class (PCBIX). 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.
| PCSFX | PCBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.68 | ||
| Sortino ratioReturn per unit of downside risk | +5.34 | ||
| Omega ratioGain probability vs. loss probability | 1.81 | 0.93 | +0.88 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | -0.41 | +2.67 |
| Martin ratioReturn relative to average drawdown | 10.14 | -0.85 | +10.99 |
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Drawdowns
PCSFX vs. PCBIX - Drawdown Comparison
The maximum PCSFX drawdown since its inception was -22.42%, smaller than the maximum PCBIX drawdown of -50.25%. Use the drawdown chart below to compare losses from any high point for PCSFX and PCBIX.
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Drawdown Indicators
| PCSFX | PCBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.42% | -50.25% | +27.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -19.29% | +16.32% |
Max Drawdown (3Y)Largest decline over 3 years | -2.97% | -19.29% | +16.32% |
Max Drawdown (5Y)Largest decline over 5 years | -18.67% | -31.17% | +12.50% |
Max Drawdown (10Y)Largest decline over 10 years | -22.42% | -40.56% | +18.14% |
Current DrawdownCurrent decline from peak | -0.02% | -13.00% | +12.98% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -6.57% | +4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 9.16% | -8.50% |
Volatility
PCSFX vs. PCBIX - Volatility Comparison
The current volatility for Principal Capital Securities Fund (PCSFX) is 0.55%, while Principal MidCap Fund Institutional Class (PCBIX) has a volatility of 4.40%. This indicates that PCSFX experiences smaller price fluctuations and is considered to be less risky than PCBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCSFX | PCBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 4.40% | -3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 1.90% | 11.64% | -9.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.15% | 14.67% | -12.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.29% | 18.69% | -14.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 19.18% | -14.14% |
PCSFX vs. PCBIX - Expense Ratio Comparison
PCSFX has a 0.00% expense ratio, which is lower than PCBIX's 0.67% expense ratio.
Dividends
PCSFX vs. PCBIX - Dividend Comparison
PCSFX's dividend yield for the trailing twelve months is around 5.67%, less than PCBIX's 6.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCBIX Principal MidCap Fund Institutional Class | 6.25% | 5.81% | 6.40% | 2.51% | 3.18% | 7.96% | 1.08% | 9.02% | 12.24% | 3.31% | 2.49% | 6.30% |
PCSFX Principal Capital Securities Fund | 5.67% | 5.80% | 5.50% | 5.75% | 5.68% | 4.57% | 4.88% | 5.43% | 6.07% | 5.14% | 5.08% | 5.78% |
Frequently Asked Questions
PCSFX and PCBIX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCBIX has higher volatility (4.40%) compared to PCSFX (0.55%). In terms of maximum drawdown, PCSFX dropped -22.42% vs PCBIX's -50.25%.
PCSFX currently has the higher Sharpe Ratio (3.14 vs -0.53), 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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