PGDIX vs. PCBIX
PGDIX (Principal Diversified Income Fund) and PCBIX (Principal MidCap Fund Institutional Class) are both mutual funds - PGDIX is a Multisector Bonds fund managed by Principal, while PCBIX is a Mid Cap Growth Equities fund managed by Principal. Over the past 10 years, PGDIX returned 3.65%/yr vs 11.86%/yr for PCBIX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. PGDIX charges 0.68%/yr vs 0.67%/yr for PCBIX.
Performance
PGDIX vs. PCBIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PGDIX achieves a -0.82% return, which is significantly higher than PCBIX's -4.46% return. Over the past 10 years, PGDIX has underperformed PCBIX with an annualized return of 3.65%, while PCBIX has yielded a comparatively higher 11.86% annualized 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%
PCBIX
- 1D
- -0.75%
- 1M
- -1.35%
- 6M
- -4.10%
- YTD
- -4.46%
- 1Y
- -8.05%
- 3Y*
- 9.05%
- 5Y*
- 4.31%
- 10Y*
- 11.86%
- ALL TIME*
- 10.89%
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. PCBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGDIX Principal Diversified Income Fund | -0.82% | 6.50% | 5.44% | 8.53% | -11.20% | 8.66% | 1.89% | 13.77% | -5.38% | 10.23% |
PCBIX Principal MidCap Fund Institutional Class | -4.46% | 1.62% | 23.63% | 25.92% | -23.16% | 25.22% | 18.25% | 49.40% | -6.86% | 25.32% |
Correlation
The correlation between PGDIX and PCBIX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2008 | 0.65 |
The correlation between PGDIX and PCBIX shifts across timeframes, from 0.42 (3 years) to 0.65 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PGDIX vs. PCBIX — Risk / Return Rank
PGDIX
PCBIX
PGDIX vs. PCBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Diversified Income Fund (PGDIX) 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.
| PGDIX | PCBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.92 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | -0.47 | +0.90 |
| Martin ratioReturn relative to average drawdown | 1.22 | -0.92 | +2.15 |
Loading charts...
Drawdowns
PGDIX vs. PCBIX - Drawdown Comparison
The maximum PGDIX drawdown since its inception was -23.76%, smaller than the maximum PCBIX drawdown of -50.25%. Use the drawdown chart below to compare losses from any high point for PGDIX and PCBIX.
Loading charts...
Drawdown Indicators
| PGDIX | PCBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.76% | -50.25% | +26.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -19.29% | +15.91% |
Max Drawdown (3Y)Largest decline over 3 years | -3.38% | -19.29% | +15.91% |
Max Drawdown (5Y)Largest decline over 5 years | -14.60% | -31.17% | +16.57% |
Max Drawdown (10Y)Largest decline over 10 years | -23.76% | -40.56% | +16.80% |
Current DrawdownCurrent decline from peak | -1.76% | -10.71% | +8.95% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -6.58% | +3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 9.84% | -8.67% |
Volatility
PGDIX vs. PCBIX - Volatility Comparison
The current volatility for Principal Diversified Income Fund (PGDIX) is 0.72%, while Principal MidCap Fund Institutional Class (PCBIX) has a volatility of 5.21%. This indicates that PGDIX 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.
Loading charts...
Volatility by Period
| PGDIX | PCBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 5.21% | -4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 12.01% | -9.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.93% | 15.17% | -12.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.01% | 18.74% | -14.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.20% | 19.14% | -13.94% |
PGDIX vs. PCBIX - Expense Ratio Comparison
PGDIX has a 0.68% expense ratio, which is higher than PCBIX's 0.67% expense ratio.
Dividends
PGDIX vs. PCBIX - Dividend Comparison
PGDIX's dividend yield for the trailing twelve months is around 5.94%, less than PCBIX's 6.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCBIX Principal MidCap Fund Institutional Class | 6.09% | 5.81% | 6.40% | 2.51% | 3.18% | 7.96% | 1.08% | 9.02% | 12.24% | 3.31% | 2.49% | 6.30% |
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 PCBIX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCBIX has higher volatility (5.21%) compared to PGDIX (0.72%). In terms of maximum drawdown, PGDIX dropped -23.76% vs PCBIX's -50.25%.
PGDIX currently has the higher Sharpe Ratio (0.49 vs -0.60), 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.
Find the right allocation for PGDIX and PCBIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer