PMBMX vs. ONEQ
Compare and contrast key facts about Principal MidCap Fund (PMBMX) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
PMBMX is managed by Principal. It was launched on Dec 6, 2000. ONEQ is a passively managed fund by Fidelity that tracks the performance of the NASDAQ Composite Index. It was launched on Sep 25, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMBMX or ONEQ.
Correlation
The correlation between PMBMX and ONEQ is 0.83, 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
PMBMX vs. ONEQ - Performance Comparison
Key characteristics
PMBMX:
1.19
ONEQ:
1.47
PMBMX:
1.64
ONEQ:
1.98
PMBMX:
1.21
ONEQ:
1.27
PMBMX:
1.10
ONEQ:
2.03
PMBMX:
4.16
ONEQ:
7.36
PMBMX:
4.12%
ONEQ:
3.65%
PMBMX:
14.41%
ONEQ:
18.30%
PMBMX:
-58.19%
ONEQ:
-55.09%
PMBMX:
-6.19%
ONEQ:
-0.82%
Returns By Period
In the year-to-date period, PMBMX achieves a 4.50% return, which is significantly higher than ONEQ's 3.58% return. Over the past 10 years, PMBMX has underperformed ONEQ with an annualized return of 6.58%, while ONEQ has yielded a comparatively higher 16.18% annualized return.
PMBMX
4.50%
2.30%
6.88%
16.16%
6.06%
6.58%
ONEQ
3.58%
1.78%
12.65%
27.45%
16.67%
16.18%
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PMBMX vs. ONEQ - Expense Ratio Comparison
PMBMX has a 1.15% expense ratio, which is higher than ONEQ's 0.21% expense ratio.
Risk-Adjusted Performance
PMBMX vs. ONEQ — Risk-Adjusted Performance Rank
PMBMX
ONEQ
PMBMX vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Fund (PMBMX) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ). 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
PMBMX vs. ONEQ - Dividend Comparison
PMBMX's dividend yield for the trailing twelve months is around 0.02%, less than ONEQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMBMX Principal MidCap Fund | 0.02% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.63% | 0.65% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% |
Drawdowns
PMBMX vs. ONEQ - Drawdown Comparison
The maximum PMBMX drawdown since its inception was -58.19%, which is greater than ONEQ's maximum drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for PMBMX and ONEQ. For additional features, visit the drawdowns tool.
Volatility
PMBMX vs. ONEQ - Volatility Comparison
The current volatility for Principal MidCap Fund (PMBMX) is 3.21%, while Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) has a volatility of 5.39%. This indicates that PMBMX experiences smaller price fluctuations and is considered to be less risky than ONEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.