PMAQX vs. CGMS
PMAQX (Principal MidCap R6) and CGMS (Capital Group U.S. Multi-Sector Income ETF) are both funds - PMAQX is a Mid Cap Growth Equities fund managed by Principal Funds, while CGMS is a Multisector Bonds fund actively managed by Capital Group. Over the past 3 years, PMAQX returned 9.98%/yr vs 7.98%/yr for CGMS. At a 0.50 correlation, their price movements are largely independent. PMAQX charges 0.60%/yr vs 0.39%/yr for CGMS.
Performance
PMAQX vs. CGMS - Performance Comparison
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Returns By Period
In the year-to-date period, PMAQX achieves a -5.92% return, which is significantly lower than CGMS's 1.51% return.
PMAQX
- 1D
- 0.62%
- 1M
- 3.75%
- YTD
- -5.92%
- 6M
- -7.15%
- 1Y
- -6.74%
- 3Y*
- 9.98%
- 5Y*
- 5.48%
- 10Y*
- —
CGMS
- 1D
- -0.22%
- 1M
- 0.34%
- YTD
- 1.51%
- 6M
- 1.68%
- 1Y
- 6.08%
- 3Y*
- 7.98%
- 5Y*
- —
- 10Y*
- —
PMAQX vs. CGMS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PMAQX Principal MidCap R6 | -5.92% | 1.71% | 23.74% | 26.02% | 3.46% |
CGMS Capital Group U.S. Multi-Sector Income ETF | 1.51% | 7.52% | 7.24% | 11.51% | 2.77% |
Correlation
The correlation between PMAQX and CGMS is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2022 | 0.50 |
The correlation between PMAQX and CGMS has been stable across timeframes, ranging from 0.50 to 0.55 - a consistent structural relationship.
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Return for Risk
PMAQX vs. CGMS — Risk / Return Rank
PMAQX
CGMS
PMAQX vs. CGMS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap R6 (PMAQX) and Capital Group U.S. Multi-Sector Income ETF (CGMS). 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.
| PMAQX | CGMS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.19 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.33 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 2.47 | -2.81 |
| Martin ratioReturn relative to average drawdown | -0.71 | 10.95 | -11.67 |
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Drawdowns
PMAQX vs. CGMS - Drawdown Comparison
The maximum PMAQX drawdown since its inception was -40.56%, which is greater than CGMS's maximum drawdown of -4.08%. Use the drawdown chart below to compare losses from any high point for PMAQX and CGMS.
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Drawdown Indicators
| PMAQX | CGMS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -4.08% | -36.48% |
Max Drawdown (1Y)Largest decline over 1 year | -19.25% | -2.47% | -16.78% |
Max Drawdown (3Y)Largest decline over 3 years | -19.25% | -4.08% | -15.17% |
Max Drawdown (5Y)Largest decline over 5 years | -31.10% | — | — |
Current DrawdownCurrent decline from peak | -12.04% | -0.44% | -11.60% |
Average DrawdownAverage peak-to-trough decline | -6.84% | -0.66% | -6.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.09% | 0.56% | +8.53% |
Volatility
PMAQX vs. CGMS - Volatility Comparison
Principal MidCap R6 (PMAQX) has a higher volatility of 4.40% compared to Capital Group U.S. Multi-Sector Income ETF (CGMS) at 1.12%. This indicates that PMAQX's price experiences larger fluctuations and is considered to be riskier than CGMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMAQX | CGMS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 1.12% | +3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 2.79% | +8.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.62% | 3.51% | +11.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.69% | 5.12% | +13.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.47% | 5.12% | +14.35% |
PMAQX vs. CGMS - Expense Ratio Comparison
PMAQX has a 0.60% expense ratio, which is higher than CGMS's 0.39% expense ratio.
Dividends
PMAQX vs. CGMS - Dividend Comparison
PMAQX's dividend yield for the trailing twelve months is around 6.17%, more than CGMS's 6.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CGMS Capital Group U.S. Multi-Sector Income ETF | 6.10% | 6.00% | 5.91% | 5.84% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PMAQX Principal MidCap R6 | 6.17% | 5.80% | 6.46% | 2.58% | 3.18% | 7.96% | 1.08% | 9.14% | 12.39% | 3.39% |
Frequently Asked Questions
PMAQX and CGMS have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMAQX has higher volatility (4.40%) compared to CGMS (1.12%). In terms of maximum drawdown, PMAQX dropped -40.56% vs CGMS's -4.08%.
CGMS currently has the higher Sharpe Ratio (1.74 vs -0.44), 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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