PLGIX vs. ONEQ
Compare and contrast key facts about Principal LargeCap Growth Fund I (PLGIX) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
PLGIX 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: PLGIX or ONEQ.
Key characteristics
| PLGIX | ONEQ | |
|---|---|---|
| YTD Return | 19.20% | 20.05% |
| 1Y Return | 36.69% | 36.90% |
| 3Y Return (Ann) | 4.51% | 8.15% |
| 5Y Return (Ann) | 14.67% | 18.43% |
| 10Y Return (Ann) | 14.62% | 16.03% |
| Sharpe Ratio | 2.11 | 1.94 |
| Daily Std Dev | 15.98% | 17.71% |
| Max Drawdown | -55.43% | -55.09% |
| Current Drawdown | -0.29% | -3.52% |
Correlation
The correlation between PLGIX and ONEQ is 0.94, 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
PLGIX vs. ONEQ - Performance Comparison
The year-to-date returns for both investments are quite close, with PLGIX having a 19.20% return and ONEQ slightly higher at 20.05%. Over the past 10 years, PLGIX has underperformed ONEQ with an annualized return of 14.62%, while ONEQ has yielded a comparatively higher 16.03% 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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PLGIX vs. ONEQ - Expense Ratio Comparison
PLGIX has a 0.67% expense ratio, which is higher than ONEQ's 0.21% expense ratio.
Risk-Adjusted Performance
PLGIX vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal LargeCap Growth Fund I (PLGIX) 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
PLGIX vs. ONEQ - Dividend Comparison
PLGIX's dividend yield for the trailing twelve months is around 5.00%, more than ONEQ's 0.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLGIX Principal LargeCap Growth Fund I | 5.00% | 5.97% | 11.57% | 11.34% | 7.03% | 8.01% | 16.41% | 7.05% | 4.64% | 12.51% | 10.50% | 6.25% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.65% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% | 0.84% |
Drawdowns
PLGIX vs. ONEQ - Drawdown Comparison
The maximum PLGIX drawdown since its inception was -55.43%, roughly equal to the maximum ONEQ drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for PLGIX and ONEQ. For additional features, visit the drawdowns tool.
Volatility
PLGIX vs. ONEQ - Volatility Comparison
The current volatility for Principal LargeCap Growth Fund I (PLGIX) is 5.13%, while Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) has a volatility of 6.50%. This indicates that PLGIX 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.