PMDIX vs. FIMVX

Last updated Apr 1, 2026

Compare and contrast key facts about Principal Small-MidCap Dividend Income Fund (PMDIX) and Fidelity Mid Cap Value Index Fund (FIMVX).

PMDIX is managed by Principal. It was launched on Jun 6, 2011. FIMVX is managed by Fidelity. It was launched on Jul 11, 2019.

Performance

PMDIX vs. FIMVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Small-MidCap Dividend Income Fund (PMDIX) and Fidelity Mid Cap Value Index Fund (FIMVX). The values are adjusted to include any dividend payments, if applicable.

PMDIX vs. FIMVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PMDIX Principal Small-MidCap Dividend Income Fund	1.44%	8.63%	14.56%	18.81%	-11.66%	30.41%	-6.40%	9.68%
FIMVX Fidelity Mid Cap Value Index Fund	1.26%	11.01%	13.02%	12.75%	-12.08%	28.21%	4.74%	7.42%

Returns By Period

In the year-to-date period, PMDIX achieves a 1.44% return, which is significantly higher than FIMVX's 1.26% return.

PMDIX

• 1D: -0.85%
• 1M: -8.86%
• YTD: 1.44%
• 6M: 2.85%
• 1Y: 14.22%
• 3Y*: 13.66%
• 5Y*: 8.72%
• 10Y*: 9.40%

FIMVX

• 1D: -0.67%
• 1M: -7.26%
• YTD: 1.26%
• 6M: 2.71%
• 1Y: 14.86%
• 3Y*: 12.23%
• 5Y*: 7.40%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PMDIX vs. FIMVX - Expense Ratio Comparison

PMDIX has a 0.85% expense ratio, which is higher than FIMVX's 0.05% expense ratio.

PMDIX

Principal Small-MidCap Dividend Income Fund

FIMVX

Fidelity Mid Cap Value Index Fund

Return for Risk

PMDIX vs. FIMVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PMDIX

PMDIX Risk / Return Rank: 32
PMDIX Sharpe Ratio Rank: 32
PMDIX Sortino Ratio Rank: 34
PMDIX Omega Ratio Rank: 34
PMDIX Calmar Ratio Rank: 30
PMDIX Martin Ratio Rank: 32

FIMVX

FIMVX Risk / Return Rank: 44
FIMVX Sharpe Ratio Rank: 43
FIMVX Sortino Ratio Rank: 45
FIMVX Omega Ratio Rank: 43
FIMVX Calmar Ratio Rank: 40
FIMVX Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PMDIX vs. FIMVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Small-MidCap Dividend Income Fund (PMDIX) and Fidelity Mid Cap Value Index Fund (FIMVX). 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.

	PMDIX	FIMVX	Difference
Sharpe ratio Return per unit of total volatility	0.73	0.87	-0.13
Sortino ratio Return per unit of downside risk	1.15	1.31	-0.16
Omega ratio Gain probability vs. loss probability	1.16	1.18	-0.02
Calmar ratio Return relative to maximum drawdown	0.84	1.04	-0.20
Martin ratio Return relative to average drawdown	3.45	4.85	-1.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PMDIX vs. FIMVX - Sharpe Ratio Comparison

The current PMDIX Sharpe Ratio is 0.73, which is comparable to the FIMVX Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of PMDIX and FIMVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PMDIX	FIMVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.73	0.87	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.43	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.42	+0.10

Correlation

The correlation between PMDIX and FIMVX is 0.95, 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.

Dividends

PMDIX vs. FIMVX - Dividend Comparison

PMDIX's dividend yield for the trailing twelve months is around 3.15%, more than FIMVX's 2.45% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PMDIX Principal Small-MidCap Dividend Income Fund	3.15%	3.14%	7.99%	2.37%	6.95%	0.98%	1.37%	2.82%	17.83%	5.77%	2.84%	4.78%
FIMVX Fidelity Mid Cap Value Index Fund	2.45%	2.48%	4.44%	1.89%	2.75%	5.62%	1.23%	0.63%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PMDIX vs. FIMVX - Drawdown Comparison

The maximum PMDIX drawdown since its inception was -46.47%, which is greater than FIMVX's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for PMDIX and FIMVX.

Drawdown Indicators

	PMDIX	FIMVX	Difference
Max Drawdown Largest peak-to-trough decline	-46.47%	-43.61%	-2.86%
Max Drawdown (1Y) Largest decline over 1 year	-14.51%	-13.34%	-1.17%
Max Drawdown (5Y) Largest decline over 5 years	-21.36%	-21.23%	-0.13%
Max Drawdown (10Y) Largest decline over 10 years	-46.47%	—	—
Current Drawdown Current decline from peak	-10.55%	-7.52%	-3.03%
Average Drawdown Average peak-to-trough decline	-5.33%	-6.57%	+1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	2.87%	+0.67%

Volatility

PMDIX vs. FIMVX - Volatility Comparison

Principal Small-MidCap Dividend Income Fund (PMDIX) has a higher volatility of 4.92% compared to Fidelity Mid Cap Value Index Fund (FIMVX) at 4.61%. This indicates that PMDIX's price experiences larger fluctuations and is considered to be riskier than FIMVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PMDIX	FIMVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.92%	4.61%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	10.82%	9.81%	+1.01%
Volatility (1Y) Calculated over the trailing 1-year period	20.60%	18.19%	+2.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.76%	17.31%	+1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.22%	22.02%	-1.80%