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PMAQX vs. JMST
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

PMAQX vs. JMST

Last updated May 11, 2025

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.

Correlation

The correlation between PMAQX and JMST is 0.06, 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

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal MidCap R6 (PMAQX) and JPMorgan Ultra-Short Municipal Income ETF (JMST). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

PMAQX:

0.66

JMST:

3.86

Sortino Ratio

PMAQX:

1.10

JMST:

5.83

Omega Ratio

PMAQX:

1.15

JMST:

2.05

Calmar Ratio

PMAQX:

0.79

JMST:

4.86

Martin Ratio

PMAQX:

2.67

JMST:

26.03

Ulcer Index

PMAQX:

5.03%

JMST:

0.13%

Daily Std Dev

PMAQX:

18.99%

JMST:

0.89%

Max Drawdown

PMAQX:

-40.56%

JMST:

-2.41%

Current Drawdown

PMAQX:

-5.48%

JMST:

-0.01%

Returns By Period

In the year-to-date period, PMAQX achieves a 1.95% return, which is significantly higher than JMST's 1.08% return.

PMAQX

YTD

1.95%

1M

8.62%

6M

-2.66%

1Y

11.81%

5Y*

15.10%

10Y*

N/A

JMST

YTD

1.08%

1M

0.67%

6M

1.47%

1Y

3.38%

5Y*

1.86%

10Y*

N/A

*Annualized

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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.

PMAQX
Principal MidCap R6
JMST
JPMorgan Ultra-Short Municipal Income ETF

Risk-Adjusted Performance

PMAQX vs. JMST — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PMAQX
The Risk-Adjusted Performance Rank of PMAQX is 7272
Overall Rank
The Sharpe Ratio Rank of PMAQX is 6868
Sharpe Ratio Rank
The Sortino Ratio Rank of PMAQX is 7171
Sortino Ratio Rank
The Omega Ratio Rank of PMAQX is 7070
Omega Ratio Rank
The Calmar Ratio Rank of PMAQX is 8181
Calmar Ratio Rank
The Martin Ratio Rank of PMAQX is 7272
Martin Ratio Rank
JMST
The Risk-Adjusted Performance Rank of JMST is 9898
Overall Rank
The Sharpe Ratio Rank of JMST is 9999
Sharpe Ratio Rank
The Sortino Ratio Rank of JMST is 9898
Sortino Ratio Rank
The Omega Ratio Rank of JMST is 9999
Omega Ratio Rank
The Calmar Ratio Rank of JMST is 9797
Calmar Ratio Rank
The Martin Ratio Rank of JMST is 9898
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current PMAQX Sharpe Ratio is 0.66, which is lower than the JMST Sharpe Ratio of 3.86. The chart below compares the historical Sharpe Ratios of PMAQX and JMST, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

PMAQX vs. JMST - Dividend Comparison

PMAQX's dividend yield for the trailing twelve months is around 0.20%, less than JMST's 3.19% yield.

TTM202420232022202120202019201820172016
PMAQX
Principal MidCap R6		0.20%0.20%0.11%0.00%0.00%0.00%0.58%0.20%0.13%2.56%
JMST
JPMorgan Ultra-Short Municipal Income ETF		3.19%3.32%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.

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Volatility

PMAQX vs. JMST - Volatility Comparison

Principal MidCap R6 (PMAQX) has a higher volatility of 6.35% compared to JPMorgan Ultra-Short Municipal Income ETF (JMST) at 0.30%. 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.

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