Correlation
The correlation between PMAQX and SCHM is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
PMAQX vs. SCHM
Compare and contrast key facts about Principal MidCap R6 (PMAQX) and Schwab US Mid-Cap ETF (SCHM).
PMAQX is managed by Principal Funds. It was launched on Nov 22, 2016. SCHM is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones US Total Stock Market Mid-Cap. It was launched on Jan 13, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMAQX or SCHM.
Performance
PMAQX vs. SCHM - Performance Comparison
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Key characteristics
PMAQX:
0.84
SCHM:
0.32
PMAQX:
1.04
SCHM:
0.49
PMAQX:
1.14
SCHM:
1.07
PMAQX:
0.74
SCHM:
0.22
PMAQX:
2.49
SCHM:
0.71
PMAQX:
5.06%
SCHM:
7.29%
PMAQX:
19.14%
SCHM:
21.73%
PMAQX:
-40.56%
SCHM:
-42.43%
PMAQX:
-4.94%
SCHM:
-9.21%
Returns By Period
In the year-to-date period, PMAQX achieves a 2.53% return, which is significantly higher than SCHM's -1.85% return.
PMAQX
2.53%
3.93%
-4.75%
15.93%
13.64%
13.49%
N/A
SCHM
-1.85%
5.77%
-8.63%
6.96%
7.75%
12.53%
9.54%
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PMAQX vs. SCHM - Expense Ratio Comparison
PMAQX has a 0.60% expense ratio, which is higher than SCHM's 0.04% expense ratio.
Risk-Adjusted Performance
PMAQX vs. SCHM — Risk-Adjusted Performance Rank
PMAQX
SCHM
PMAQX vs. SCHM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap R6 (PMAQX) and Schwab US Mid-Cap ETF (SCHM). 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.
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Dividends
PMAQX vs. SCHM - Dividend Comparison
PMAQX's dividend yield for the trailing twelve months is around 3.25%, more than SCHM's 1.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMAQX Principal MidCap R6 | 3.25% | 3.33% | 2.58% | 3.18% | 7.96% | 1.08% | 4.86% | 12.39% | 3.39% | 2.56% | 0.00% | 0.00% |
SCHM Schwab US Mid-Cap ETF | 1.43% | 1.43% | 1.50% | 1.67% | 1.14% | 1.31% | 1.48% | 1.57% | 1.28% | 1.52% | 1.54% | 1.48% |
Drawdowns
PMAQX vs. SCHM - Drawdown Comparison
The maximum PMAQX drawdown since its inception was -40.56%, roughly equal to the maximum SCHM drawdown of -42.43%. Use the drawdown chart below to compare losses from any high point for PMAQX and SCHM.
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Volatility
PMAQX vs. SCHM - Volatility Comparison
The current volatility for Principal MidCap R6 (PMAQX) is 4.73%, while Schwab US Mid-Cap ETF (SCHM) has a volatility of 5.93%. This indicates that PMAQX experiences smaller price fluctuations and is considered to be less risky than SCHM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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