PEMGX vs. PSMIX
PEMGX (Principal MidCap Fund Class A) and PSMIX (Principal Global Multi-Strategy Fund) are both mutual funds - PEMGX is a Mid Cap Blend Equities fund actively managed by Principal, while PSMIX is a Multistrategy fund managed by Principal. Over the past 10 years, PEMGX returned 11.74%/yr vs 5.14%/yr for PSMIX. A 0.76 correlation means they provide meaningful diversification when combined. PEMGX charges 0.91%/yr vs 1.63%/yr for PSMIX.
Performance
PEMGX vs. PSMIX - Performance Comparison
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Returns By Period
In the year-to-date period, PEMGX achieves a -3.31% return, which is significantly lower than PSMIX's 5.67% return. Over the past 10 years, PEMGX has outperformed PSMIX with an annualized return of 11.74%, while PSMIX has yielded a comparatively lower 5.14% annualized return.
PEMGX
- 1D
- 1.29%
- 1M
- 3.55%
- 6M
- -6.10%
- YTD
- -3.31%
- 1Y
- -7.99%
- 3Y*
- 8.98%
- 5Y*
- 5.15%
- 10Y*
- 11.74%
PSMIX
- 1D
- -0.16%
- 1M
- 0.65%
- 6M
- 4.68%
- YTD
- 5.67%
- 1Y
- 12.68%
- 3Y*
- 9.16%
- 5Y*
- 6.19%
- 10Y*
- 5.14%
PEMGX vs. PSMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEMGX Principal MidCap Fund Class A | -3.31% | 1.39% | 23.50% | 25.60% | -23.35% | 24.87% | 17.95% | 49.15% | -7.10% | 24.93% |
PSMIX Principal Global Multi-Strategy Fund | 5.67% | 10.47% | 8.90% | 6.59% | -1.80% | 5.62% | 5.11% | 8.18% | -4.34% | 6.60% |
Correlation
The correlation between PEMGX and PSMIX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2011 | 0.76 |
Over the past year, the correlation between PEMGX and PSMIX has dropped to 0.54 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
PEMGX vs. PSMIX — Risk / Return Rank
PEMGX
PSMIX
PEMGX vs. PSMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Fund Class A (PEMGX) and Principal Global Multi-Strategy Fund (PSMIX). 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.
| PEMGX | PSMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.64 | ||
| Sortino ratioReturn per unit of downside risk | -5.22 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.62 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 5.35 | -5.72 |
| Martin ratioReturn relative to average drawdown | -0.74 | 21.14 | -21.87 |
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Drawdowns
PEMGX vs. PSMIX - Drawdown Comparison
The maximum PEMGX drawdown since its inception was -84.41%, which is greater than PSMIX's maximum drawdown of -55.50%. Use the drawdown chart below to compare losses from any high point for PEMGX and PSMIX.
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Drawdown Indicators
| PEMGX | PSMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.41% | -55.50% | -28.91% |
Max Drawdown (1Y)Largest decline over 1 year | -19.38% | -2.41% | -16.97% |
Max Drawdown (3Y)Largest decline over 3 years | -19.38% | -5.01% | -14.37% |
Max Drawdown (5Y)Largest decline over 5 years | -31.34% | -6.39% | -24.95% |
Max Drawdown (10Y)Largest decline over 10 years | -40.58% | -55.50% | +14.92% |
Current DrawdownCurrent decline from peak | -9.70% | -24.58% | +14.88% |
Average DrawdownAverage peak-to-trough decline | -33.20% | -26.57% | -6.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.69% | 0.61% | +9.08% |
Volatility
PEMGX vs. PSMIX - Volatility Comparison
Principal MidCap Fund Class A (PEMGX) has a higher volatility of 3.93% compared to Principal Global Multi-Strategy Fund (PSMIX) at 1.06%. This indicates that PEMGX's price experiences larger fluctuations and is considered to be riskier than PSMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PEMGX | PSMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 1.06% | +2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 11.74% | 3.16% | +8.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.76% | 4.10% | +10.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.73% | 4.53% | +14.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.11% | 38.10% | -18.99% |
PEMGX vs. PSMIX - Expense Ratio Comparison
PEMGX has a 0.91% expense ratio, which is lower than PSMIX's 1.63% expense ratio.
Dividends
PEMGX vs. PSMIX - Dividend Comparison
PEMGX's dividend yield for the trailing twelve months is around 6.32%, more than PSMIX's 5.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEMGX Principal MidCap Fund Class A | 6.32% | 6.11% | 6.55% | 2.58% | 3.31% | 8.24% | 1.12% | 9.02% | 12.48% | 3.32% | 2.25% | 6.28% |
PSMIX Principal Global Multi-Strategy Fund | 5.23% | 5.53% | 1.66% | 3.51% | 12.10% | 4.04% | 1.68% | 0.00% | 6.52% | 2.91% | 0.15% | 3.02% |
Frequently Asked Questions
PEMGX and PSMIX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEMGX has higher volatility (3.93%) compared to PSMIX (1.06%). In terms of maximum drawdown, PEMGX dropped -84.41% vs PSMIX's -55.50%.
PSMIX currently has the higher Sharpe Ratio (3.15 vs -0.49), 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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