PMBMX vs. EGRIX
PMBMX (Principal MidCap Fund) and EGRIX (Eaton Vance Global Macro Absolute Return Advantage Fund) are both mutual funds - PMBMX is a Mid Cap Growth Equities fund managed by Principal, while EGRIX is a Nontraditional Bonds fund managed by Eaton Vance. Over the past 10 years, PMBMX returned 11.86%/yr vs 6.56%/yr for EGRIX. At a 0.19 correlation, their price movements are largely independent. PMBMX charges 1.15%/yr vs 1.05%/yr for EGRIX.
Performance
PMBMX vs. EGRIX - Performance Comparison
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Returns By Period
In the year-to-date period, PMBMX achieves a -6.62% return, which is significantly lower than EGRIX's 7.53% return. Over the past 10 years, PMBMX has outperformed EGRIX with an annualized return of 11.86%, while EGRIX has yielded a comparatively lower 6.56% annualized return.
PMBMX
- 1D
- 0.75%
- 1M
- 2.57%
- YTD
- -6.62%
- 6M
- -8.15%
- 1Y
- -8.56%
- 3Y*
- 9.44%
- 5Y*
- 4.11%
- 10Y*
- 11.86%
EGRIX
- 1D
- -0.08%
- 1M
- 1.21%
- YTD
- 7.53%
- 6M
- 8.21%
- 1Y
- 19.18%
- 3Y*
- 13.09%
- 5Y*
- 8.82%
- 10Y*
- 6.56%
PMBMX vs. EGRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMBMX Principal MidCap Fund | -6.62% | 1.16% | 23.38% | 25.36% | -23.52% | 24.63% | 17.69% | 49.09% | -7.28% | 24.73% |
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 7.53% | 20.36% | 9.50% | 8.37% | -1.94% | 3.66% | 4.71% | 14.80% | -8.34% | 5.78% |
Correlation
The correlation between PMBMX and EGRIX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 1, 2010 | 0.19 |
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Return for Risk
PMBMX vs. EGRIX — Risk / Return Rank
PMBMX
EGRIX
PMBMX vs. EGRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Fund (PMBMX) and Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX). 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.
| PMBMX | EGRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.13 | ||
| Sortino ratioReturn per unit of downside risk | -8.65 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 2.46 | -1.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 5.79 | -6.28 |
| Martin ratioReturn relative to average drawdown | -1.02 | 20.93 | -21.95 |
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Drawdowns
PMBMX vs. EGRIX - Drawdown Comparison
The maximum PMBMX drawdown since its inception was -50.69%, which is greater than EGRIX's maximum drawdown of -14.17%. Use the drawdown chart below to compare losses from any high point for PMBMX and EGRIX.
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Drawdown Indicators
| PMBMX | EGRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.69% | -14.17% | -36.52% |
Max Drawdown (1Y)Largest decline over 1 year | -19.53% | -3.37% | -16.16% |
Max Drawdown (3Y)Largest decline over 3 years | -19.53% | -3.37% | -16.16% |
Max Drawdown (5Y)Largest decline over 5 years | -31.48% | -10.18% | -21.30% |
Max Drawdown (10Y)Largest decline over 10 years | -40.60% | -14.17% | -26.43% |
Current DrawdownCurrent decline from peak | -12.87% | -0.32% | -12.55% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -1.83% | -4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.42% | 0.93% | +8.49% |
Volatility
PMBMX vs. EGRIX - Volatility Comparison
Principal MidCap Fund (PMBMX) has a higher volatility of 4.46% compared to Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) at 0.79%. This indicates that PMBMX's price experiences larger fluctuations and is considered to be riskier than EGRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMBMX | EGRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.46% | 0.79% | +3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 11.69% | 3.22% | +8.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 3.58% | +11.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.71% | 4.04% | +14.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.16% | 3.96% | +15.20% |
PMBMX vs. EGRIX - Expense Ratio Comparison
PMBMX has a 1.15% expense ratio, which is higher than EGRIX's 1.05% expense ratio.
Dividends
PMBMX vs. EGRIX - Dividend Comparison
PMBMX's dividend yield for the trailing twelve months is around 6.86%, more than EGRIX's 6.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 6.19% | 6.65% | 6.00% | 3.40% | 4.82% | 4.89% | 5.82% | 4.15% | 0.06% | 3.22% | 1.78% | 6.67% |
PMBMX Principal MidCap Fund | 6.86% | 6.41% | 6.86% | 2.68% | 3.43% | 8.51% | 1.15% | 9.00% | 12.79% | 3.39% | 2.16% | 6.38% |
Frequently Asked Questions
PMBMX and EGRIX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMBMX has higher volatility (4.46%) compared to EGRIX (0.79%). In terms of maximum drawdown, PMBMX dropped -50.69% vs EGRIX's -14.17%.
EGRIX currently has the higher Sharpe Ratio (5.47 vs -0.66), 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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