Correlation
The correlation between PMBMX and VO is 0.91, 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. VO
Compare and contrast key facts about Principal MidCap Fund (PMBMX) and Vanguard Mid-Cap ETF (VO).
PMBMX is managed by Principal. It was launched on Dec 6, 2000. VO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMBMX or VO.
Performance
PMBMX vs. VO - Performance Comparison
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Key characteristics
PMBMX:
0.81
VO:
0.75
PMBMX:
1.14
VO:
1.08
PMBMX:
1.15
VO:
1.15
PMBMX:
0.82
VO:
0.67
PMBMX:
2.72
VO:
2.42
PMBMX:
5.16%
VO:
5.25%
PMBMX:
19.05%
VO:
18.33%
PMBMX:
-50.69%
VO:
-58.88%
PMBMX:
-4.89%
VO:
-4.27%
Returns By Period
The year-to-date returns for both investments are quite close, with PMBMX having a 2.64% return and VO slightly higher at 2.74%. Over the past 10 years, PMBMX has outperformed VO with an annualized return of 11.37%, while VO has yielded a comparatively lower 9.35% annualized return.
PMBMX
2.64%
3.40%
-4.89%
14.21%
13.66%
12.94%
11.37%
VO
2.74%
5.17%
-4.27%
12.64%
9.32%
12.66%
9.35%
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PMBMX vs. VO - Expense Ratio Comparison
PMBMX has a 1.15% expense ratio, which is higher than VO's 0.04% expense ratio.
Risk-Adjusted Performance
PMBMX vs. VO — Risk-Adjusted Performance Rank
PMBMX
VO
PMBMX vs. VO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Fund (PMBMX) and Vanguard Mid-Cap ETF (VO). 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. VO - Dividend Comparison
PMBMX's dividend yield for the trailing twelve months is around 3.35%, more than VO's 1.53% 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% |
VO Vanguard Mid-Cap ETF | 1.53% | 1.49% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% |
Drawdowns
PMBMX vs. VO - Drawdown Comparison
The maximum PMBMX drawdown since its inception was -50.69%, smaller than the maximum VO drawdown of -58.88%. Use the drawdown chart below to compare losses from any high point for PMBMX and VO.
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Volatility
PMBMX vs. VO - Volatility Comparison
Principal MidCap Fund (PMBMX) has a higher volatility of 4.73% compared to Vanguard Mid-Cap ETF (VO) at 4.46%. This indicates that PMBMX's price experiences larger fluctuations and is considered to be riskier than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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