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.
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
Key characteristics
PMAQX:
1.35
SPMD:
1.13
PMAQX:
1.82
SPMD:
1.65
PMAQX:
1.24
SPMD:
1.20
PMAQX:
1.29
SPMD:
2.12
PMAQX:
5.16
SPMD:
5.22
PMAQX:
3.82%
SPMD:
3.45%
PMAQX:
14.56%
SPMD:
15.83%
PMAQX:
-40.56%
SPMD:
-57.62%
PMAQX:
-5.23%
SPMD:
-4.41%
Returns By Period
In the year-to-date period, PMAQX achieves a 5.24% return, which is significantly higher than SPMD's 3.71% return.
PMAQX
5.24%
5.24%
10.74%
19.97%
8.15%
N/A
SPMD
3.71%
3.71%
10.70%
18.62%
11.75%
9.64%
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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 Rank
PMAQX
SPMD
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 0.19%, less than SPMD's 1.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMAQX Principal MidCap R6 | 0.19% | 0.20% | 0.11% | 0.00% | 0.00% | 0.00% | 0.58% | 0.20% | 0.13% | 2.56% | 0.00% | 0.00% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.37% | 1.42% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% | 5.71% |
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
Principal MidCap R6 (PMAQX) has a higher volatility of 4.34% compared to SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) at 3.88%. This indicates that PMAQX's price experiences larger fluctuations and is considered to be riskier than SPMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.