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.
Key characteristics
| PMAQX | SCHM | |
|---|---|---|
| YTD Return | 17.42% | 9.21% |
| 1Y Return | 29.02% | 18.93% |
| 3Y Return (Ann) | 6.86% | 2.94% |
| 5Y Return (Ann) | 12.17% | 9.04% |
| Sharpe Ratio | 2.04 | 1.16 |
| Daily Std Dev | 14.37% | 16.03% |
| Max Drawdown | -40.56% | -42.43% |
| Current Drawdown | 0.00% | -0.57% |
Correlation
The correlation between PMAQX and SCHM is 0.91, 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.
Performance
PMAQX vs. SCHM - Performance Comparison
In the year-to-date period, PMAQX achieves a 17.42% return, which is significantly higher than SCHM's 9.21% 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. 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 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.
Dividends
PMAQX vs. SCHM - Dividend Comparison
PMAQX's dividend yield for the trailing twelve months is around 2.20%, more than SCHM's 1.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMAQX Principal MidCap R6 | 2.20% | 2.58% | 3.18% | 7.96% | 1.08% | 4.86% | 12.39% | 3.39% | 2.56% | 0.00% | 0.00% | 0.00% |
SCHM Schwab US Mid-Cap ETF | 1.37% | 1.50% | 1.67% | 1.13% | 1.31% | 1.48% | 1.56% | 1.27% | 1.51% | 1.54% | 1.48% | 1.27% |
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. For additional features, visit the drawdowns tool.
Volatility
PMAQX vs. SCHM - Volatility Comparison
The current volatility for Principal MidCap R6 (PMAQX) is 3.58%, while Schwab US Mid-Cap ETF (SCHM) has a volatility of 4.62%. 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.