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PMAQX vs. JEMDX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PMAQX vs. JEMDX

Last updated Jun 25, 2026

PMAQX (Principal MidCap R6) and JEMDX (JPMorgan Emerging Markets Debt Fund) are both mutual funds - PMAQX is a Mid Cap Growth Equities fund managed by Principal Funds, while JEMDX is a Emerging Markets Bonds fund managed by JPMorgan. Over the past 5 years, PMAQX returned 4.62%/yr vs 1.93%/yr for JEMDX. At a 0.33 correlation, their price movements are largely independent. PMAQX charges 0.60%/yr vs 0.83%/yr for JEMDX.

Performance

PMAQX vs. JEMDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal MidCap R6 (PMAQX) and JPMorgan Emerging Markets Debt Fund (JEMDX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PMAQX achieves a -7.06% return, which is significantly lower than JEMDX's 2.76% return.

PMAQX

1D
-0.20%
1M
2.49%
YTD
-7.06%
6M
-8.57%
1Y
-9.78%
3Y*
9.67%
5Y*
4.62%
10Y*
—

JEMDX

1D
-0.30%
1M
1.86%
YTD
2.76%
6M
2.93%
1Y
13.07%
3Y*
10.32%
5Y*
1.93%
10Y*
3.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PMAQX vs. JEMDX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PMAQX
Principal MidCap R6		-7.06%1.71%23.74%26.02%-23.09%25.29%18.38%49.59%-6.79%24.68%
JEMDX
JPMorgan Emerging Markets Debt Fund		2.76%13.87%7.37%10.17%-18.60%-3.22%5.37%13.86%-5.82%10.25%

Correlation

The correlation between PMAQX and JEMDX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

Correlation (3Y)
Calculated over the trailing 3-year period

0.34

Correlation (5Y)
Calculated over the trailing 5-year period

0.36

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2017

0.33

Compare stocks, funds, or ETFs

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Principal MidCap R6

JPMorgan Emerging Markets Debt Fund

Often compared with PMAQX:
PMAQX vs. CGMSPMAQX vs. JPREPMAQX vs. IWRPMAQX vs. FSKGXPMAQX vs. SCHMPMAQX vs. VSMGXPMAQX vs. SPMD
Often compared with JEMDX:
JEMDX vs. EIDOXJEMDX vs. VIPIXJEMDX vs. DBLEXJEMDX vs. DBLLXJEMDX vs. DLENXJEMDX vs. AMAPXJEMDX vs. JEPAX

Return for Risk

PMAQX vs. JEMDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PMAQX
PMAQX Risk / Return Rank: 11
Overall Rank
PMAQX Sharpe Ratio Rank: 11
Sharpe Ratio Rank
PMAQX Sortino Ratio Rank: 11
Sortino Ratio Rank
PMAQX Omega Ratio Rank: 11
Omega Ratio Rank
PMAQX Calmar Ratio Rank: 11
Calmar Ratio Rank
PMAQX Martin Ratio Rank: 11
Martin Ratio Rank
JEMDX
JEMDX Risk / Return Rank: 7979
Overall Rank
JEMDX Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
JEMDX Sortino Ratio Rank: 9494
Sortino Ratio Rank
JEMDX Omega Ratio Rank: 9191
Omega Ratio Rank
JEMDX Calmar Ratio Rank: 5757
Calmar Ratio Rank
JEMDX Martin Ratio Rank: 6262
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PMAQX vs. JEMDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal MidCap R6 (PMAQX) and JPMorgan Emerging Markets Debt Fund (JEMDX). 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.

PMAQXJEMDXDifference
Sharpe ratioReturn per unit of total volatility
-0.62
2.86

-3.48

Sortino ratioReturn per unit of downside risk
-0.80
4.39

-5.19

Omega ratioGain probability vs. loss probability

0.91

1.61

-0.70

Calmar ratioReturn relative to maximum drawdown

-0.47

2.66

-3.13

Martin ratioReturn relative to average drawdown

-0.98

11.15

-12.13

PMAQX vs. JEMDX - Sharpe Ratio Comparison

The current PMAQX Sharpe Ratio is -0.62, which is lower than the JEMDX Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of PMAQX and JEMDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PMAQX vs. JEMDX - Drawdown Comparison

The maximum PMAQX drawdown since its inception was -40.56%, roughly equal to the maximum JEMDX drawdown of -38.84%. Use the drawdown chart below to compare losses from any high point for PMAQX and JEMDX.

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Drawdown Indicators

PMAQXJEMDXDifference

Max Drawdown

Largest peak-to-trough decline

-40.56%

-38.84%

-1.72%

Max Drawdown (1Y)

Largest decline over 1 year

-19.25%

-5.14%

-14.11%

Max Drawdown (3Y)

Largest decline over 3 years

-19.25%

-7.10%

-12.15%

Max Drawdown (5Y)

Largest decline over 5 years

-31.10%

-30.83%

-0.27%

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.83%

—

Current Drawdown

Current decline from peak

-13.11%

-0.59%

-12.52%

Average Drawdown

Average peak-to-trough decline

-6.85%

-6.08%

-0.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.17%

1.22%

+7.95%

Volatility

PMAQX vs. JEMDX - Volatility Comparison

Principal MidCap R6 (PMAQX) has a higher volatility of 4.42% compared to JPMorgan Emerging Markets Debt Fund (JEMDX) at 1.34%. This indicates that PMAQX's price experiences larger fluctuations and is considered to be riskier than JEMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PMAQXJEMDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.42%

1.34%

+3.08%

Volatility (6M)

Calculated over the trailing 6-month period

11.67%

4.07%

+7.60%

Volatility (1Y)

Calculated over the trailing 1-year period

14.65%

4.79%

+9.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.69%

6.93%

+11.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.46%

7.15%

+12.31%

PMAQX vs. JEMDX - Expense Ratio Comparison

PMAQX has a 0.60% expense ratio, which is lower than JEMDX's 0.83% expense ratio.

Dividends

PMAQX vs. JEMDX - Dividend Comparison

PMAQX's dividend yield for the trailing twelve months is around 6.24%, more than JEMDX's 5.85% yield.

PositionTTM20252024202320222021202020192018201720162015
JEMDX
JPMorgan Emerging Markets Debt Fund		5.85%5.61%6.13%5.47%6.15%4.38%3.71%4.52%4.64%4.43%5.06%4.76%
PMAQX
Principal MidCap R6		6.24%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 JEMDX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PMAQX has higher volatility (4.42%) compared to JEMDX (1.34%). In terms of maximum drawdown, PMAQX dropped -40.56% vs JEMDX's -38.84%.

JEMDX currently has the higher Sharpe Ratio (2.86 vs -0.62), 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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