PMAQX vs. VHCOX
PMAQX (Principal MidCap R6) and VHCOX (Vanguard Capital Opportunity Fund Investor Shares) are both Mid Cap Growth Equities funds. Over the past 5 years, PMAQX returned 4.40%/yr vs 12.69%/yr for VHCOX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. PMAQX charges 0.60%/yr vs 0.40%/yr for VHCOX.
Performance
PMAQX vs. VHCOX - 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 VHCOX's 20.16% 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%
VHCOX
- 1D
- -0.01%
- 1M
- -3.89%
- 6M
- 13.24%
- YTD
- 20.16%
- 1Y
- 43.28%
- 3Y*
- 22.48%
- 5Y*
- 12.69%
- 10Y*
- 16.08%
- ALL TIME*
- 13.24%
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. VHCOX - 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% |
VHCOX Vanguard Capital Opportunity Fund Investor Shares | 20.16% | 25.74% | 14.00% | 25.55% | -17.61% | 20.85% | 22.73% | 27.20% | -3.76% | 28.28% |
Correlation
The correlation between PMAQX and VHCOX is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.79 |
Over the past year, the correlation between PMAQX and VHCOX has dropped to 0.43 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
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Return for Risk
PMAQX vs. VHCOX — Risk / Return Rank
PMAQX
VHCOX
PMAQX vs. VHCOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap R6 (PMAQX) and Vanguard Capital Opportunity Fund Investor Shares (VHCOX). 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 | VHCOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.67 | ||
| Sortino ratioReturn per unit of downside risk | -3.63 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.37 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 3.35 | -3.82 |
| Martin ratioReturn relative to average drawdown | -0.91 | 12.16 | -13.07 |
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Drawdowns
PMAQX vs. VHCOX - Drawdown Comparison
The maximum PMAQX drawdown since its inception was -40.56%, smaller than the maximum VHCOX drawdown of -54.76%. Use the drawdown chart below to compare losses from any high point for PMAQX and VHCOX.
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Drawdown Indicators
| PMAQX | VHCOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -54.76% | +14.20% |
Max Drawdown (1Y)Largest decline over 1 year | -19.25% | -12.43% | -6.82% |
Max Drawdown (3Y)Largest decline over 3 years | -19.25% | -23.87% | +4.62% |
Max Drawdown (5Y)Largest decline over 5 years | -31.10% | -27.59% | -3.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.78% | — |
Current DrawdownCurrent decline from peak | -10.62% | -7.93% | -2.69% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -9.97% | +3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.81% | 3.42% | +6.39% |
Volatility
PMAQX vs. VHCOX - Volatility Comparison
The current volatility for Principal MidCap R6 (PMAQX) is 5.21%, while Vanguard Capital Opportunity Fund Investor Shares (VHCOX) has a volatility of 6.42%. This indicates that PMAQX experiences smaller price fluctuations and is considered to be less risky than VHCOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMAQX | VHCOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 6.42% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 12.03% | 17.10% | -5.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 20.12% | -4.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.74% | 20.40% | -1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.43% | 20.51% | -1.08% |
PMAQX vs. VHCOX - Expense Ratio Comparison
PMAQX has a 0.60% expense ratio, which is higher than VHCOX's 0.40% expense ratio.
Dividends
PMAQX vs. VHCOX - Dividend Comparison
PMAQX's dividend yield for the trailing twelve months is around 6.07%, less than VHCOX's 8.00% 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% |
VHCOX Vanguard Capital Opportunity Fund Investor Shares | 8.00% | 9.62% | 8.16% | 2.33% | 9.26% | 10.44% | 9.10% | 6.41% | 12.11% | 3.87% | 5.66% | 5.30% |
Frequently Asked Questions
PMAQX and VHCOX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VHCOX has higher volatility (6.42%) compared to PMAQX (5.21%). In terms of maximum drawdown, PMAQX dropped -40.56% vs VHCOX's -54.76%.
VHCOX currently has the higher Sharpe Ratio (2.08 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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