PMAQX vs. PSMIX
PMAQX (Principal MidCap R6) and PSMIX (Principal Global Multi-Strategy Fund) are both mutual funds - PMAQX is a Mid Cap Growth Equities fund managed by Principal, while PSMIX is a Multistrategy fund managed by Principal. Over the past 5 years, PMAQX returned 4.40%/yr vs 6.14%/yr for PSMIX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. PMAQX charges 0.60%/yr vs 1.63%/yr for PSMIX.
Performance
PMAQX vs. PSMIX - 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 PSMIX's 5.92% 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%
PSMIX
- 1D
- 0.16%
- 1M
- 0.65%
- 6M
- 4.14%
- YTD
- 5.92%
- 1Y
- 12.85%
- 3Y*
- 9.11%
- 5Y*
- 6.14%
- 10Y*
- 5.16%
- ALL TIME*
- 4.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
PMAQX Principal MidCap R6 | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
PMAQX vs. PSMIX - 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% |
PSMIX Principal Global Multi-Strategy Fund | 5.92% | 10.47% | 8.90% | 6.59% | -1.80% | 5.62% | 5.11% | 8.18% | -4.34% | 6.60% |
Correlation
The correlation between PMAQX and PSMIX is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.74 |
Over the past year, the correlation between PMAQX and PSMIX has dropped to 0.49 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
PMAQX vs. PSMIX — Risk / Return Rank
PMAQX
PSMIX
PMAQX vs. PSMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap R6 (PMAQX) and Principal Global Multi-Strategy Fund (PSMIX). 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 | PSMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.65 | ||
| Sortino ratioReturn per unit of downside risk | -5.26 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.60 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 5.22 | -5.69 |
| Martin ratioReturn relative to average drawdown | -0.91 | 20.64 | -21.56 |
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Drawdowns
PMAQX vs. PSMIX - Drawdown Comparison
The maximum PMAQX drawdown since its inception was -40.56%, smaller than the maximum PSMIX drawdown of -55.50%. Use the drawdown chart below to compare losses from any high point for PMAQX and PSMIX.
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Drawdown Indicators
| PMAQX | PSMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -55.50% | +14.94% |
Max Drawdown (1Y)Largest decline over 1 year | -19.25% | -2.41% | -16.84% |
Max Drawdown (3Y)Largest decline over 3 years | -19.25% | -5.01% | -14.24% |
Max Drawdown (5Y)Largest decline over 5 years | -31.10% | -6.39% | -24.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.50% | — |
Current DrawdownCurrent decline from peak | -10.62% | -24.40% | +13.78% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -26.56% | +19.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.81% | 0.61% | +9.20% |
Volatility
PMAQX vs. PSMIX - Volatility Comparison
Principal MidCap R6 (PMAQX) has a higher volatility of 5.21% compared to Principal Global Multi-Strategy Fund (PSMIX) at 0.92%. This indicates that PMAQX's price experiences larger fluctuations and is considered to be riskier than PSMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMAQX | PSMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 0.92% | +4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 12.03% | 3.15% | +8.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 4.13% | +11.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.74% | 4.51% | +14.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.43% | 38.10% | -18.67% |
PMAQX vs. PSMIX - Expense Ratio Comparison
PMAQX has a 0.60% expense ratio, which is lower than PSMIX's 1.63% expense ratio.
Dividends
PMAQX vs. PSMIX - Dividend Comparison
PMAQX's dividend yield for the trailing twelve months is around 6.07%, more than PSMIX's 5.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PSMIX Principal Global Multi-Strategy Fund | 5.22% | 5.53% | 1.66% | 3.51% | 12.10% | 4.04% | 1.68% | 0.00% | 6.52% | 2.91% | 0.15% | 3.02% |
Frequently Asked Questions
PMAQX and PSMIX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMAQX has higher volatility (5.21%) compared to PSMIX (0.92%). In terms of maximum drawdown, PMAQX dropped -40.56% vs PSMIX's -55.50%.
PSMIX currently has the higher Sharpe Ratio (3.06 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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