PMAQX vs. JMST
Compare and contrast key facts about Principal MidCap R6 (PMAQX) and JPMorgan Ultra-Short Municipal Income ETF (JMST).
PMAQX is managed by Principal Funds. It was launched on Nov 22, 2016. JMST is an actively managed fund by JPMorgan Chase. It was launched on Oct 16, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMAQX or JMST.
Key characteristics
| PMAQX | JMST | |
|---|---|---|
| YTD Return | 17.14% | 2.57% |
| 1Y Return | 29.06% | 4.14% |
| 3Y Return (Ann) | 6.76% | 2.08% |
| 5Y Return (Ann) | 12.21% | 1.82% |
| Sharpe Ratio | 2.00 | 5.16 |
| Daily Std Dev | 14.37% | 0.81% |
| Max Drawdown | -40.56% | -2.41% |
| Current Drawdown | -0.24% | -0.00% |
Correlation
The correlation between PMAQX and JMST is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PMAQX vs. JMST - Performance Comparison
In the year-to-date period, PMAQX achieves a 17.14% return, which is significantly higher than JMST's 2.57% 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. JMST - Expense Ratio Comparison
PMAQX has a 0.60% expense ratio, which is higher than JMST's 0.18% expense ratio.
Risk-Adjusted Performance
PMAQX vs. JMST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap R6 (PMAQX) and JPMorgan Ultra-Short Municipal Income ETF (JMST). 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. JMST - Dividend Comparison
PMAQX's dividend yield for the trailing twelve months is around 2.21%, less than JMST's 3.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
PMAQX Principal MidCap R6 | 2.21% | 2.58% | 3.18% | 7.96% | 1.08% | 4.86% | 12.39% | 3.39% | 2.56% |
JMST JPMorgan Ultra-Short Municipal Income ETF | 3.37% | 3.09% | 1.10% | 0.27% | 0.87% | 1.63% | 0.34% | 0.00% | 0.00% |
Drawdowns
PMAQX vs. JMST - Drawdown Comparison
The maximum PMAQX drawdown since its inception was -40.56%, which is greater than JMST's maximum drawdown of -2.41%. Use the drawdown chart below to compare losses from any high point for PMAQX and JMST. For additional features, visit the drawdowns tool.
Volatility
PMAQX vs. JMST - Volatility Comparison
Principal MidCap R6 (PMAQX) has a higher volatility of 3.58% compared to JPMorgan Ultra-Short Municipal Income ETF (JMST) at 0.18%. This indicates that PMAQX's price experiences larger fluctuations and is considered to be riskier than JMST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.