Correlation
The correlation between PMBMX and FSMDX is 0.90, 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.
PMBMX vs. FSMDX
Compare and contrast key facts about Principal MidCap Fund (PMBMX) and Fidelity Mid Cap Index Fund (FSMDX).
PMBMX is managed by Principal. It was launched on Dec 6, 2000. FSMDX is managed by Fidelity. It was launched on Sep 8, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMBMX or FSMDX.
Performance
PMBMX vs. FSMDX - Performance Comparison
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Key characteristics
PMBMX:
0.81
FSMDX:
0.57
PMBMX:
1.14
FSMDX:
0.88
PMBMX:
1.15
FSMDX:
1.12
PMBMX:
0.82
FSMDX:
0.50
PMBMX:
2.72
FSMDX:
1.72
PMBMX:
5.16%
FSMDX:
6.09%
PMBMX:
19.05%
FSMDX:
19.80%
PMBMX:
-50.69%
FSMDX:
-40.35%
PMBMX:
-4.89%
FSMDX:
-6.12%
Returns By Period
In the year-to-date period, PMBMX achieves a 2.64% return, which is significantly higher than FSMDX's 1.04% return. Over the past 10 years, PMBMX has outperformed FSMDX with an annualized return of 11.37%, while FSMDX has yielded a comparatively lower 9.24% annualized return.
PMBMX
2.64%
3.40%
-4.89%
14.21%
13.66%
12.94%
11.37%
FSMDX
1.04%
5.63%
-6.05%
10.32%
9.07%
12.69%
9.24%
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PMBMX vs. FSMDX - Expense Ratio Comparison
PMBMX has a 1.15% expense ratio, which is higher than FSMDX's 0.03% expense ratio.
Risk-Adjusted Performance
PMBMX vs. FSMDX — Risk-Adjusted Performance Rank
PMBMX
FSMDX
PMBMX vs. FSMDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Fund (PMBMX) and Fidelity Mid Cap Index Fund (FSMDX). 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.
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Dividends
PMBMX vs. FSMDX - Dividend Comparison
PMBMX's dividend yield for the trailing twelve months is around 3.35%, more than FSMDX's 2.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMBMX Principal MidCap Fund | 3.35% | 3.44% | 2.68% | 3.43% | 8.51% | 1.15% | 4.50% | 12.79% | 3.39% | 2.16% | 6.38% | 5.04% |
FSMDX Fidelity Mid Cap Index Fund | 2.29% | 2.32% | 1.39% | 2.07% | 3.35% | 2.34% | 2.86% | 2.60% | 2.53% | 2.23% | 4.29% | 2.59% |
Drawdowns
PMBMX vs. FSMDX - Drawdown Comparison
The maximum PMBMX drawdown since its inception was -50.69%, which is greater than FSMDX's maximum drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for PMBMX and FSMDX.
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Volatility
PMBMX vs. FSMDX - Volatility Comparison
The current volatility for Principal MidCap Fund (PMBMX) is 4.73%, while Fidelity Mid Cap Index Fund (FSMDX) has a volatility of 5.16%. This indicates that PMBMX experiences smaller price fluctuations and is considered to be less risky than FSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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