PGDIX vs. AXSIX
PGDIX (Principal Diversified Income Fund) and AXSIX (Axonic Strategic Income Fund) are both Multisector Bonds funds. Over the past 5 years, PGDIX returned 1.83%/yr vs 3.51%/yr for AXSIX. Their 0.41 correlation means their historical movements had little consistent relationship. PGDIX charges 0.68%/yr vs 1.00%/yr for AXSIX.
Performance
PGDIX vs. AXSIX - Performance Comparison
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Returns By Period
In the year-to-date period, PGDIX achieves a -0.82% return, which is significantly lower than AXSIX's 1.73% return.
PGDIX
- 1D
- -0.26%
- 1M
- -0.72%
- 6M
- -1.13%
- YTD
- -0.82%
- 1Y
- 1.09%
- 3Y*
- 5.26%
- 5Y*
- 1.83%
- 10Y*
- 3.65%
- ALL TIME*
- 7.15%
AXSIX
- 1D
- -0.23%
- 1M
- -0.45%
- 6M
- 0.82%
- YTD
- 1.73%
- 1Y
- 3.95%
- 3Y*
- 6.74%
- 5Y*
- 3.51%
- 10Y*
- —
- ALL TIME*
- 3.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PGDIX vs. AXSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PGDIX Principal Diversified Income Fund | -0.82% | 6.50% | 5.44% | 8.53% | -11.20% | 8.66% | 1.89% |
AXSIX Axonic Strategic Income Fund | 1.73% | 6.71% | 8.30% | 7.54% | -6.81% | 5.91% | -0.16% |
Correlation
The correlation between PGDIX and AXSIX is 0.59, 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. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020 | 0.41 |
The correlation between PGDIX and AXSIX shifts across timeframes, from 0.41 (all time) to 0.59 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PGDIX vs. AXSIX — Risk / Return Rank
PGDIX
AXSIX
PGDIX vs. AXSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Diversified Income Fund (PGDIX) and Axonic Strategic Income Fund (AXSIX). 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.
| PGDIX | AXSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -3.43 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.51 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 4.00 | -3.57 |
| Martin ratioReturn relative to average drawdown | 1.22 | 14.64 | -13.42 |
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Drawdowns
PGDIX vs. AXSIX - Drawdown Comparison
The maximum PGDIX drawdown since its inception was -23.76%, which is greater than AXSIX's maximum drawdown of -12.55%. Use the drawdown chart below to compare losses from any high point for PGDIX and AXSIX.
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Drawdown Indicators
| PGDIX | AXSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.76% | -12.55% | -11.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -1.22% | -2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -3.38% | -1.22% | -2.16% |
Max Drawdown (5Y)Largest decline over 5 years | -14.60% | -6.87% | -7.73% |
Max Drawdown (10Y)Largest decline over 10 years | -23.76% | — | — |
Current DrawdownCurrent decline from peak | -1.76% | -0.56% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -1.92% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.33% | +0.84% |
Volatility
PGDIX vs. AXSIX - Volatility Comparison
Principal Diversified Income Fund (PGDIX) has a higher volatility of 0.72% compared to Axonic Strategic Income Fund (AXSIX) at 0.56%. This indicates that PGDIX's price experiences larger fluctuations and is considered to be riskier than AXSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGDIX | AXSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 0.56% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 1.69% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.93% | 2.40% | +0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.01% | 2.19% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.20% | 3.67% | +1.53% |
PGDIX vs. AXSIX - Expense Ratio Comparison
PGDIX has a 0.68% expense ratio, which is lower than AXSIX's 1.00% expense ratio.
Dividends
PGDIX vs. AXSIX - Dividend Comparison
PGDIX's dividend yield for the trailing twelve months is around 5.94%, more than AXSIX's 5.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AXSIX Axonic Strategic Income Fund | 5.50% | 6.39% | 6.52% | 6.24% | 3.89% | 6.70% | 2.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PGDIX Principal Diversified Income Fund | 5.94% | 6.17% | 6.28% | 6.47% | 5.34% | 4.59% | 4.63% | 5.12% | 5.10% | 4.67% | 5.76% | 5.27% |
Frequently Asked Questions
PGDIX and AXSIX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGDIX has higher volatility (0.72%) compared to AXSIX (0.56%). In terms of maximum drawdown, PGDIX dropped -23.76% vs AXSIX's -12.55%.
AXSIX currently has the higher Sharpe Ratio (2.04 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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