Correlation
The correlation between PMBMX and ^GSPC 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. ^GSPC
Compare and contrast key facts about Principal MidCap Fund (PMBMX) and S&P 500 (^GSPC).
PMBMX is managed by Principal. It was launched on Dec 6, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMBMX or ^GSPC.
Performance
PMBMX vs. ^GSPC - Performance Comparison
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Key characteristics
PMBMX:
0.81
^GSPC:
0.66
PMBMX:
1.14
^GSPC:
0.94
PMBMX:
1.15
^GSPC:
1.14
PMBMX:
0.82
^GSPC:
0.60
PMBMX:
2.72
^GSPC:
2.28
PMBMX:
5.16%
^GSPC:
5.01%
PMBMX:
19.05%
^GSPC:
19.77%
PMBMX:
-50.69%
^GSPC:
-56.78%
PMBMX:
-4.89%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, PMBMX achieves a 2.64% return, which is significantly higher than ^GSPC's 0.51% return. Both investments have delivered pretty close results over the past 10 years, with PMBMX having a 11.37% annualized return and ^GSPC not far behind at 10.85%.
PMBMX
2.64%
3.40%
-4.89%
14.21%
13.66%
12.94%
11.37%
^GSPC
0.51%
5.49%
-2.00%
12.02%
12.68%
14.19%
10.85%
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Risk-Adjusted Performance
PMBMX vs. ^GSPC — Risk-Adjusted Performance Rank
PMBMX
^GSPC
PMBMX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Fund (PMBMX) and S&P 500 (^GSPC). 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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Drawdowns
PMBMX vs. ^GSPC - Drawdown Comparison
The maximum PMBMX drawdown since its inception was -50.69%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PMBMX and ^GSPC.
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Volatility
PMBMX vs. ^GSPC - Volatility Comparison
Principal MidCap Fund (PMBMX) and S&P 500 (^GSPC) have volatilities of 4.73% and 4.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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