PMAQX vs. NEEGX
PMAQX (Principal MidCap R6) and NEEGX (Needham Growth Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, PMAQX returned 4.40%/yr vs 8.99%/yr for NEEGX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. PMAQX charges 0.60%/yr vs 1.78%/yr for NEEGX.
Performance
PMAQX vs. NEEGX - Performance Comparison
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Returns By Period
In the year-to-date period, PMAQX achieves a -4.40% return, which is significantly lower than NEEGX's 35.60% return.
PMAQX
- 1D
- -0.75%
- 1M
- -1.32%
- 6M
- -4.05%
- YTD
- -4.40%
- 1Y
- -7.95%
- 3Y*
- 9.14%
- 5Y*
- 4.40%
- 10Y*
- —
- ALL TIME*
- 12.19%
NEEGX
- 1D
- 0.82%
- 1M
- -9.28%
- 6M
- 16.86%
- YTD
- 35.60%
- 1Y
- 52.57%
- 3Y*
- 17.29%
- 5Y*
- 8.99%
- 10Y*
- 14.25%
- ALL TIME*
- 12.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
NEEGX Needham Growth Fund | $0.00 | $0.00 | $0.00 |
PMAQX Principal MidCap R6 | $0.00 | $0.00 | $0.00 |
PMAQX vs. NEEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMAQX Principal MidCap R6 | -4.40% | 1.71% | 23.74% | 26.02% | -23.09% | 25.29% | 18.38% | 49.59% | -6.79% | 24.68% |
NEEGX Needham Growth Fund | 35.60% | 8.76% | 14.45% | 26.85% | -33.57% | 27.63% | 41.73% | 42.33% | -10.56% | 8.33% |
Correlation
The correlation between PMAQX and NEEGX is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.72 |
Over the past year, the correlation between PMAQX and NEEGX has dropped to 0.35 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
PMAQX vs. NEEGX — Risk / Return Rank
PMAQX
NEEGX
PMAQX vs. NEEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap R6 (PMAQX) and Needham Growth Fund (NEEGX). 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 | NEEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.83 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.26 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 2.18 | -2.64 |
| Martin ratioReturn relative to average drawdown | -0.91 | 8.91 | -9.82 |
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Drawdowns
PMAQX vs. NEEGX - Drawdown Comparison
The maximum PMAQX drawdown since its inception was -40.56%, smaller than the maximum NEEGX drawdown of -53.60%. Use the drawdown chart below to compare losses from any high point for PMAQX and NEEGX.
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Drawdown Indicators
| PMAQX | NEEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -53.60% | +13.04% |
Max Drawdown (1Y)Largest decline over 1 year | -19.25% | -23.15% | +3.90% |
Max Drawdown (3Y)Largest decline over 3 years | -19.25% | -38.66% | +19.41% |
Max Drawdown (5Y)Largest decline over 5 years | -31.10% | -43.35% | +12.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.35% | — |
Current DrawdownCurrent decline from peak | -10.62% | -17.98% | +7.36% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -10.88% | +3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.81% | 5.65% | +4.16% |
Volatility
PMAQX vs. NEEGX - Volatility Comparison
The current volatility for Principal MidCap R6 (PMAQX) is 5.21%, while Needham Growth Fund (NEEGX) has a volatility of 12.54%. This indicates that PMAQX experiences smaller price fluctuations and is considered to be less risky than NEEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMAQX | NEEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 12.54% | -7.33% |
Volatility (6M)Calculated over the trailing 6-month period | 12.03% | 26.85% | -14.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 32.47% | -17.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.74% | 29.41% | -10.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.43% | 25.90% | -6.47% |
PMAQX vs. NEEGX - Expense Ratio Comparison
PMAQX has a 0.60% expense ratio, which is lower than NEEGX's 1.78% expense ratio.
Dividends
PMAQX vs. NEEGX - Dividend Comparison
PMAQX's dividend yield for the trailing twelve months is around 6.07%, more than NEEGX's 5.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEEGX Needham Growth Fund | 5.58% | 7.57% | 3.92% | 0.00% | 1.78% | 6.92% | 5.73% | 11.31% | 17.79% | 9.70% | 4.22% | 6.74% |
PMAQX Principal MidCap R6 | 6.07% | 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 NEEGX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEEGX has higher volatility (12.54%) compared to PMAQX (5.21%). In terms of maximum drawdown, PMAQX dropped -40.56% vs NEEGX's -53.60%.
NEEGX currently has the higher Sharpe Ratio (1.55 vs -0.59), 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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