PMAQX vs. SPMD
Compare and contrast key facts about Principal MidCap R6 (PMAQX) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD).
PMAQX is managed by Principal Funds. It was launched on Nov 22, 2016. SPMD is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Index. It was launched on Nov 8, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMAQX or SPMD.
Key characteristics
| PMAQX | SPMD | |
|---|---|---|
| YTD Return | 26.40% | 19.12% |
| 1Y Return | 32.12% | 31.25% |
| 3Y Return (Ann) | 2.25% | 5.76% |
| 5Y Return (Ann) | 9.21% | 12.11% |
| Sharpe Ratio | 2.62 | 2.23 |
| Sortino Ratio | 3.49 | 3.16 |
| Omega Ratio | 1.45 | 1.39 |
| Calmar Ratio | 1.77 | 3.41 |
| Martin Ratio | 15.59 | 13.31 |
| Ulcer Index | 2.28% | 2.73% |
| Daily Std Dev | 13.57% | 16.29% |
| Max Drawdown | -40.56% | -57.62% |
| Current Drawdown | -0.04% | -1.59% |
Correlation
The correlation between PMAQX and SPMD is 0.86, 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. SPMD - Performance Comparison
In the year-to-date period, PMAQX achieves a 26.40% return, which is significantly higher than SPMD's 19.12% 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. SPMD - Expense Ratio Comparison
PMAQX has a 0.60% expense ratio, which is higher than SPMD's 0.05% expense ratio.
Risk-Adjusted Performance
PMAQX vs. SPMD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap R6 (PMAQX) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD). 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. SPMD - Dividend Comparison
PMAQX's dividend yield for the trailing twelve months is around 0.09%, less than SPMD's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMAQX Principal MidCap R6 | 0.09% | 0.11% | 0.00% | 0.00% | 0.00% | 0.58% | 0.20% | 0.13% | 2.56% | 0.00% | 0.00% | 0.00% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.32% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% | 5.71% | 10.67% |
Drawdowns
PMAQX vs. SPMD - Drawdown Comparison
The maximum PMAQX drawdown since its inception was -40.56%, smaller than the maximum SPMD drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for PMAQX and SPMD. For additional features, visit the drawdowns tool.
Volatility
PMAQX vs. SPMD - Volatility Comparison
The current volatility for Principal MidCap R6 (PMAQX) is 4.24%, while SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has a volatility of 5.32%. This indicates that PMAQX experiences smaller price fluctuations and is considered to be less risky than SPMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.