PGDIX vs. ONEQ
Compare and contrast key facts about Principal Diversified Income Fund (PGDIX) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
PGDIX is managed by Principal Funds. It was launched on Dec 14, 2008. ONEQ is a passively managed fund by Fidelity that tracks the performance of the NASDAQ Composite Index. It was launched on Sep 25, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PGDIX or ONEQ.
Key characteristics
| PGDIX | ONEQ | |
|---|---|---|
| YTD Return | 6.25% | 17.53% |
| 1Y Return | 12.00% | 29.49% |
| 3Y Return (Ann) | 1.22% | 6.65% |
| 5Y Return (Ann) | 3.03% | 17.96% |
| 10Y Return (Ann) | 3.54% | 15.61% |
| Sharpe Ratio | 3.15 | 1.67 |
| Daily Std Dev | 3.77% | 17.65% |
| Max Drawdown | -23.76% | -55.09% |
| Current Drawdown | -0.08% | -5.54% |
Correlation
The correlation between PGDIX and ONEQ is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PGDIX vs. ONEQ - Performance Comparison
In the year-to-date period, PGDIX achieves a 6.25% return, which is significantly lower than ONEQ's 17.53% return. Over the past 10 years, PGDIX has underperformed ONEQ with an annualized return of 3.54%, while ONEQ has yielded a comparatively higher 15.61% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PGDIX vs. ONEQ - Expense Ratio Comparison
PGDIX has a 0.68% expense ratio, which is higher than ONEQ's 0.21% expense ratio.
Risk-Adjusted Performance
PGDIX vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Diversified Income Fund (PGDIX) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ). 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.
Dividends
PGDIX vs. ONEQ - Dividend Comparison
PGDIX's dividend yield for the trailing twelve months is around 6.48%, more than ONEQ's 0.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGDIX Principal Diversified Income Fund | 6.48% | 6.47% | 5.34% | 4.59% | 4.63% | 5.12% | 5.11% | 4.67% | 5.76% | 5.27% | 7.19% | 4.83% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.50% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% | 0.84% |
Drawdowns
PGDIX vs. ONEQ - Drawdown Comparison
The maximum PGDIX drawdown since its inception was -23.76%, smaller than the maximum ONEQ drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for PGDIX and ONEQ. For additional features, visit the drawdowns tool.
Volatility
PGDIX vs. ONEQ - Volatility Comparison
The current volatility for Principal Diversified Income Fund (PGDIX) is 0.55%, while Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) has a volatility of 6.08%. This indicates that PGDIX experiences smaller price fluctuations and is considered to be less risky than ONEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.