PMBMX vs. PSMIX
PMBMX (Principal MidCap Fund) and PSMIX (Principal Global Multi-Strategy Fund) are both mutual funds - PMBMX is a Mid Cap Growth Equities fund managed by Principal, while PSMIX is a Multistrategy fund managed by Principal. Over the past 10 years, PMBMX returned 11.55%/yr vs 5.14%/yr for PSMIX. A 0.76 correlation means they provide meaningful diversification when combined. PMBMX charges 1.15%/yr vs 1.63%/yr for PSMIX.
Performance
PMBMX vs. PSMIX - Performance Comparison
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Returns By Period
In the year-to-date period, PMBMX achieves a -3.42% return, which is significantly lower than PSMIX's 5.67% return. Over the past 10 years, PMBMX has outperformed PSMIX with an annualized return of 11.55%, while PSMIX has yielded a comparatively lower 5.14% annualized return.
PMBMX
- 1D
- 1.30%
- 1M
- 3.56%
- 6M
- -6.20%
- YTD
- -3.42%
- 1Y
- -8.20%
- 3Y*
- 8.78%
- 5Y*
- 4.95%
- 10Y*
- 11.55%
PSMIX
- 1D
- -0.16%
- 1M
- 0.65%
- 6M
- 4.68%
- YTD
- 5.67%
- 1Y
- 12.68%
- 3Y*
- 9.16%
- 5Y*
- 6.19%
- 10Y*
- 5.14%
PMBMX vs. PSMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMBMX Principal MidCap Fund | -3.42% | 1.16% | 23.38% | 25.36% | -23.52% | 24.63% | 17.69% | 49.09% | -7.28% | 24.73% |
PSMIX Principal Global Multi-Strategy Fund | 5.67% | 10.47% | 8.90% | 6.59% | -1.80% | 5.62% | 5.11% | 8.18% | -4.34% | 6.60% |
Correlation
The correlation between PMBMX and PSMIX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2011 | 0.76 |
Over the past year, the correlation between PMBMX and PSMIX has dropped to 0.54 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
PMBMX vs. PSMIX — Risk / Return Rank
PMBMX
PSMIX
PMBMX vs. PSMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Fund (PMBMX) and Principal Global Multi-Strategy Fund (PSMIX). 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 | PSMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.65 | ||
| Sortino ratioReturn per unit of downside risk | -5.24 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.62 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 5.35 | -5.73 |
| Martin ratioReturn relative to average drawdown | -0.75 | 21.14 | -21.89 |
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Drawdowns
PMBMX vs. PSMIX - Drawdown Comparison
The maximum PMBMX drawdown since its inception was -50.69%, smaller than the maximum PSMIX drawdown of -55.50%. Use the drawdown chart below to compare losses from any high point for PMBMX and PSMIX.
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Drawdown Indicators
| PMBMX | PSMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.69% | -55.50% | +4.81% |
Max Drawdown (1Y)Largest decline over 1 year | -19.53% | -2.41% | -17.12% |
Max Drawdown (3Y)Largest decline over 3 years | -19.53% | -5.01% | -14.52% |
Max Drawdown (5Y)Largest decline over 5 years | -31.48% | -6.39% | -25.09% |
Max Drawdown (10Y)Largest decline over 10 years | -40.60% | -55.50% | +14.90% |
Current DrawdownCurrent decline from peak | -9.90% | -24.58% | +14.68% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -26.57% | +19.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.80% | 0.61% | +9.19% |
Volatility
PMBMX vs. PSMIX - Volatility Comparison
Principal MidCap Fund (PMBMX) has a higher volatility of 3.94% compared to Principal Global Multi-Strategy Fund (PSMIX) at 1.06%. This indicates that PMBMX's price experiences larger fluctuations and is considered to be riskier than PSMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMBMX | PSMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 1.06% | +2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 3.16% | +8.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.77% | 4.10% | +10.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.73% | 4.53% | +14.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 38.10% | -18.97% |
PMBMX vs. PSMIX - Expense Ratio Comparison
PMBMX has a 1.15% expense ratio, which is lower than PSMIX's 1.63% expense ratio.
Dividends
PMBMX vs. PSMIX - Dividend Comparison
PMBMX's dividend yield for the trailing twelve months is around 6.64%, more than PSMIX's 5.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMBMX Principal MidCap Fund | 6.64% | 6.41% | 6.86% | 2.68% | 3.43% | 8.51% | 1.15% | 9.00% | 12.79% | 3.39% | 2.16% | 6.38% |
PSMIX Principal Global Multi-Strategy Fund | 5.23% | 5.53% | 1.66% | 3.51% | 12.10% | 4.04% | 1.68% | 0.00% | 6.52% | 2.91% | 0.15% | 3.02% |
Frequently Asked Questions
PMBMX and PSMIX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMBMX has higher volatility (3.94%) compared to PSMIX (1.06%). In terms of maximum drawdown, PMBMX dropped -50.69% vs PSMIX's -55.50%.
PSMIX currently has the higher Sharpe Ratio (3.15 vs -0.50), 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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