PMAQX vs. IWR
Compare and contrast key facts about Principal MidCap R6 (PMAQX) and iShares Russell Midcap ETF (IWR).
PMAQX is managed by Principal Funds. It was launched on Nov 22, 2016. IWR is a passively managed fund by iShares that tracks the performance of the Russell Midcap Index. It was launched on Jul 17, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMAQX or IWR.
Key characteristics
| PMAQX | IWR | |
|---|---|---|
| YTD Return | 25.98% | 20.54% |
| 1Y Return | 35.11% | 37.62% |
| 3Y Return (Ann) | 2.14% | 4.55% |
| 5Y Return (Ann) | 9.22% | 11.64% |
| Sharpe Ratio | 2.59 | 2.76 |
| Sortino Ratio | 3.45 | 3.84 |
| Omega Ratio | 1.45 | 1.48 |
| Calmar Ratio | 1.61 | 2.15 |
| Martin Ratio | 15.40 | 16.36 |
| Ulcer Index | 2.28% | 2.28% |
| Daily Std Dev | 13.57% | 13.52% |
| Max Drawdown | -40.56% | -58.79% |
| Current Drawdown | -0.37% | -0.77% |
Correlation
The correlation between PMAQX and IWR is 0.93, 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
PMAQX vs. IWR - Performance Comparison
In the year-to-date period, PMAQX achieves a 25.98% return, which is significantly higher than IWR's 20.54% 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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PMAQX vs. IWR - Expense Ratio Comparison
PMAQX has a 0.60% expense ratio, which is higher than IWR's 0.19% expense ratio.
Risk-Adjusted Performance
PMAQX vs. IWR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap R6 (PMAQX) and iShares Russell Midcap ETF (IWR). 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
PMAQX vs. IWR - Dividend Comparison
PMAQX's dividend yield for the trailing twelve months is around 0.09%, less than IWR's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMAQX Principal MidCap R6 | 0.09% | 0.11% | 0.00% | 0.00% | 0.00% | 0.58% | 0.20% | 0.13% | 2.56% | 0.00% | 0.00% | 0.00% |
IWR iShares Russell Midcap ETF | 1.23% | 1.43% | 1.59% | 1.05% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% | 1.45% | 1.31% |
Drawdowns
PMAQX vs. IWR - Drawdown Comparison
The maximum PMAQX drawdown since its inception was -40.56%, smaller than the maximum IWR drawdown of -58.79%. Use the drawdown chart below to compare losses from any high point for PMAQX and IWR. For additional features, visit the drawdowns tool.
Volatility
PMAQX vs. IWR - Volatility Comparison
Principal MidCap R6 (PMAQX) and iShares Russell Midcap ETF (IWR) have volatilities of 4.25% and 4.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.