PHPPX vs. ONEQ
Compare and contrast key facts about Principal MidCap Growth Fund (PHPPX) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
PHPPX is managed by Principal. It was launched on Dec 6, 2000. 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: PHPPX or ONEQ.
Key characteristics
| PHPPX | ONEQ | |
|---|---|---|
| YTD Return | 25.28% | 29.14% |
| 1Y Return | 37.51% | 40.88% |
| 3Y Return (Ann) | -8.59% | 8.15% |
| 5Y Return (Ann) | 6.70% | 19.07% |
| 10Y Return (Ann) | 3.70% | 16.43% |
| Sharpe Ratio | 2.23 | 2.52 |
| Sortino Ratio | 3.03 | 3.23 |
| Omega Ratio | 1.39 | 1.45 |
| Calmar Ratio | 0.88 | 3.31 |
| Martin Ratio | 10.50 | 12.60 |
| Ulcer Index | 3.74% | 3.47% |
| Daily Std Dev | 17.60% | 17.33% |
| Max Drawdown | -54.70% | -55.09% |
| Current Drawdown | -23.89% | 0.00% |
Correlation
The correlation between PHPPX and ONEQ is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PHPPX vs. ONEQ - Performance Comparison
In the year-to-date period, PHPPX achieves a 25.28% return, which is significantly lower than ONEQ's 29.14% return. Over the past 10 years, PHPPX has underperformed ONEQ with an annualized return of 3.70%, while ONEQ has yielded a comparatively higher 16.43% 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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PHPPX vs. ONEQ - Expense Ratio Comparison
PHPPX has a 0.92% expense ratio, which is higher than ONEQ's 0.21% expense ratio.
Risk-Adjusted Performance
PHPPX vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Growth Fund (PHPPX) 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
PHPPX vs. ONEQ - Dividend Comparison
PHPPX has not paid dividends to shareholders, while ONEQ's dividend yield for the trailing twelve months is around 0.60%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHPPX Principal MidCap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.14% | 0.00% | 0.00% | 0.00% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.60% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% | 0.84% |
Drawdowns
PHPPX vs. ONEQ - Drawdown Comparison
The maximum PHPPX drawdown since its inception was -54.70%, roughly equal to the maximum ONEQ drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for PHPPX and ONEQ. For additional features, visit the drawdowns tool.
Volatility
PHPPX vs. ONEQ - Volatility Comparison
The current volatility for Principal MidCap Growth Fund (PHPPX) is 5.20%, while Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) has a volatility of 5.49%. This indicates that PHPPX 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.