PMAQX vs. FSKGX
PMAQX (Principal MidCap R6) and FSKGX (Fidelity Growth Strategies K6 Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, PMAQX returned 4.56%/yr vs 4.80%/yr for FSKGX. Their correlation of 0.83 means they have usually moved in the same direction. PMAQX charges 0.60%/yr vs 0.45%/yr for FSKGX.
Performance
PMAQX vs. FSKGX - Performance Comparison
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Returns By Period
In the year-to-date period, PMAQX achieves a -3.68% return, which is significantly lower than FSKGX's 3.88% return.
PMAQX
- 1D
- -1.38%
- 1M
- -0.58%
- 6M
- -3.05%
- YTD
- -3.68%
- 1Y
- -7.25%
- 3Y*
- 9.39%
- 5Y*
- 4.56%
- 10Y*
- —
- ALL TIME*
- 12.28%
FSKGX
- 1D
- 3.40%
- 1M
- -6.61%
- 6M
- 3.78%
- YTD
- 3.88%
- 1Y
- -0.69%
- 3Y*
- 11.50%
- 5Y*
- 4.80%
- 10Y*
- —
- ALL TIME*
- 11.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
PMAQX Principal MidCap R6 | $0.00 | $0.00 | $0.00 |
PMAQX vs. FSKGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMAQX Principal MidCap R6 | -3.68% | 1.71% | 23.74% | 26.02% | -23.09% | 25.29% | 18.38% | 49.59% | -6.79% | 12.04% |
FSKGX Fidelity Growth Strategies K6 Fund | 3.88% | 7.82% | 20.04% | 21.58% | -26.20% | 21.62% | 29.50% | 36.90% | -6.89% | 10.43% |
Correlation
The correlation between PMAQX and FSKGX is 0.54, 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. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since May 25, 2017 | 0.83 |
Over the past year, the correlation between PMAQX and FSKGX has dropped to 0.54 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
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Return for Risk
PMAQX vs. FSKGX — Risk / Return Rank
PMAQX
FSKGX
PMAQX vs. FSKGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap R6 (PMAQX) and Fidelity Growth Strategies K6 Fund (FSKGX). 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 | FSKGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.00 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | -0.17 | -0.30 |
| Martin ratioReturn relative to average drawdown | -0.94 | -0.47 | -0.46 |
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Drawdowns
PMAQX vs. FSKGX - Drawdown Comparison
The maximum PMAQX drawdown since its inception was -40.56%, which is greater than FSKGX's maximum drawdown of -36.51%. Use the drawdown chart below to compare losses from any high point for PMAQX and FSKGX.
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Drawdown Indicators
| PMAQX | FSKGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -36.51% | -4.05% |
Max Drawdown (1Y)Largest decline over 1 year | -19.25% | -16.39% | -2.86% |
Max Drawdown (3Y)Largest decline over 3 years | -19.25% | -29.47% | +10.22% |
Max Drawdown (5Y)Largest decline over 5 years | -31.10% | -36.51% | +5.41% |
Current DrawdownCurrent decline from peak | -9.95% | -10.53% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -8.88% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.79% | 5.95% | +3.84% |
Volatility
PMAQX vs. FSKGX - Volatility Comparison
The current volatility for Principal MidCap R6 (PMAQX) is 5.19%, while Fidelity Growth Strategies K6 Fund (FSKGX) has a volatility of 7.86%. This indicates that PMAQX experiences smaller price fluctuations and is considered to be less risky than FSKGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMAQX | FSKGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 7.86% | -2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 12.03% | 18.41% | -6.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 22.67% | -7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.75% | 23.45% | -4.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.43% | 22.90% | -3.47% |
PMAQX vs. FSKGX - Expense Ratio Comparison
PMAQX has a 0.60% expense ratio, which is higher than FSKGX's 0.45% expense ratio.
Dividends
PMAQX vs. FSKGX - Dividend Comparison
PMAQX's dividend yield for the trailing twelve months is around 6.02%, while FSKGX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FSKGX Fidelity Growth Strategies K6 Fund | 0.00% | 0.00% | 0.00% | 1.37% | 0.27% | 26.04% | 2.53% | 0.50% | 0.85% | 0.30% |
PMAQX Principal MidCap R6 | 6.02% | 5.80% | 6.46% | 2.58% | 3.18% | 7.96% | 1.08% | 9.14% | 12.39% | 3.39% |
Frequently Asked Questions
PMAQX and FSKGX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSKGX has higher volatility (7.86%) compared to PMAQX (5.19%). In terms of maximum drawdown, PMAQX dropped -40.56% vs FSKGX's -36.51%.
FSKGX currently has the higher Sharpe Ratio (-0.12 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.
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