PMBMX vs. QQQ
Compare and contrast key facts about Principal MidCap Fund (PMBMX) and Invesco QQQ (QQQ).
PMBMX is managed by Principal. It was launched on Dec 6, 2000. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMBMX or QQQ.
Key characteristics
| PMBMX | QQQ | |
|---|---|---|
| YTD Return | 18.11% | 18.15% |
| 1Y Return | 33.79% | 35.55% |
| 3Y Return (Ann) | 7.02% | 10.33% |
| 5Y Return (Ann) | 11.84% | 21.22% |
| 10Y Return (Ann) | 12.42% | 18.16% |
| Sharpe Ratio | 2.09 | 1.86 |
| Daily Std Dev | 14.50% | 17.79% |
| Max Drawdown | -50.69% | -82.98% |
| Current Drawdown | -0.33% | -4.08% |
Correlation
The correlation between PMBMX and QQQ is 0.81, 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. QQQ - Performance Comparison
The year-to-date returns for both investments are quite close, with PMBMX having a 18.11% return and QQQ slightly higher at 18.15%. Over the past 10 years, PMBMX has underperformed QQQ with an annualized return of 12.42%, while QQQ has yielded a comparatively higher 18.16% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PMBMX vs. QQQ - Expense Ratio Comparison
PMBMX has a 1.15% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
PMBMX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Fund (PMBMX) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
PMBMX's dividend yield for the trailing twelve months is around 2.27%, more than QQQ's 0.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMBMX Principal MidCap Fund | 2.27% | 2.68% | 3.43% | 8.51% | 1.15% | 4.50% | 12.79% | 3.39% | 2.16% | 6.38% | 5.04% | 2.12% |
QQQ Invesco QQQ | 0.49% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
PMBMX vs. QQQ - Drawdown Comparison
The maximum PMBMX drawdown since its inception was -50.69%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PMBMX and QQQ. For additional features, visit the drawdowns tool.
Volatility
PMBMX vs. QQQ - Volatility Comparison
The current volatility for Principal MidCap Fund (PMBMX) is 3.82%, while Invesco QQQ (QQQ) has a volatility of 6.43%. This indicates that PMBMX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.