PMAQX vs. FNY
PMAQX (Principal MidCap R6) and FNY (First Trust Mid Cap Growth AlphaDEX Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, PMAQX returned 4.40%/yr vs 7.42%/yr for FNY. Their correlation of 0.82 means they have usually moved in the same direction. PMAQX charges 0.60%/yr vs 0.70%/yr for FNY.
Performance
PMAQX vs. FNY - Performance Comparison
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Returns By Period
In the year-to-date period, PMAQX achieves a -4.40% return, which is significantly lower than FNY's 14.07% return.
PMAQX
- 1D
- -0.75%
- 1M
- -1.32%
- 6M
- -4.05%
- YTD
- -4.40%
- 1Y
- -7.95%
- 3Y*
- 9.14%
- 5Y*
- 4.40%
- 10Y*
- —
- ALL TIME*
- 12.19%
FNY
- 1D
- 1.73%
- 1M
- -2.74%
- 6M
- 8.95%
- YTD
- 14.07%
- 1Y
- 25.98%
- 3Y*
- 17.56%
- 5Y*
- 7.42%
- 10Y*
- 13.05%
- ALL TIME*
- 11.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.24M | $2.53M | $2.68M | |
PMAQX Principal MidCap R6 | $0.00 | $0.00 | $0.00 |
PMAQX vs. FNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMAQX Principal MidCap R6 | -4.40% | 1.71% | 23.74% | 26.02% | -23.09% | 25.29% | 18.38% | 49.59% | -6.79% | 24.68% |
FNY First Trust Mid Cap Growth AlphaDEX Fund | 14.07% | 14.03% | 18.09% | 21.13% | -23.80% | 13.46% | 36.97% | 32.54% | -7.53% | 25.12% |
Correlation
The correlation between PMAQX and FNY is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.82 |
Over the past year, the correlation between PMAQX and FNY has dropped to 0.58 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
PMAQX vs. FNY — Risk / Return Rank
PMAQX
FNY
PMAQX vs. FNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap R6 (PMAQX) and First Trust Mid Cap Growth AlphaDEX Fund (FNY). 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 | FNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.21 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 2.17 | -2.64 |
| Martin ratioReturn relative to average drawdown | -0.91 | 6.86 | -7.78 |
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Drawdowns
PMAQX vs. FNY - Drawdown Comparison
The maximum PMAQX drawdown since its inception was -40.56%, roughly equal to the maximum FNY drawdown of -38.91%. Use the drawdown chart below to compare losses from any high point for PMAQX and FNY.
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Drawdown Indicators
| PMAQX | FNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -38.91% | -1.65% |
Max Drawdown (1Y)Largest decline over 1 year | -19.25% | -12.01% | -7.24% |
Max Drawdown (3Y)Largest decline over 3 years | -19.25% | -24.97% | +5.72% |
Max Drawdown (5Y)Largest decline over 5 years | -31.10% | -33.94% | +2.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.91% | — |
Current DrawdownCurrent decline from peak | -10.62% | -6.16% | -4.46% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -7.56% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.81% | 3.79% | +6.02% |
Volatility
PMAQX vs. FNY - Volatility Comparison
The current volatility for Principal MidCap R6 (PMAQX) is 5.21%, while First Trust Mid Cap Growth AlphaDEX Fund (FNY) has a volatility of 6.23%. This indicates that PMAQX experiences smaller price fluctuations and is considered to be less risky than FNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMAQX | FNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 6.23% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.03% | 16.47% | -4.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 21.27% | -6.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.74% | 22.48% | -3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.43% | 22.47% | -3.04% |
PMAQX vs. FNY - Expense Ratio Comparison
PMAQX has a 0.60% expense ratio, which is lower than FNY's 0.70% expense ratio.
Dividends
PMAQX vs. FNY - Dividend Comparison
PMAQX's dividend yield for the trailing twelve months is around 6.07%, while FNY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNY First Trust Mid Cap Growth AlphaDEX Fund | 0.00% | 0.03% | 0.56% | 0.24% | 0.24% | 0.00% | 0.25% | 0.28% | 0.06% | 0.21% | 0.60% | 0.46% |
PMAQX Principal MidCap R6 | 6.07% | 5.80% | 6.46% | 2.58% | 3.18% | 7.96% | 1.08% | 9.14% | 12.39% | 3.39% | 0.00% | 0.00% |
Frequently Asked Questions
PMAQX and FNY have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNY has higher volatility (6.23%) compared to PMAQX (5.21%). In terms of maximum drawdown, PMAQX dropped -40.56% vs FNY's -38.91%.
FNY currently has the higher Sharpe Ratio (1.23 vs -0.59), 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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