PMFMX vs. ATGAX

Last updated Jun 5, 2026

PMFMX (Principal MidCap S&P 400 Index Fund) and ATGAX (Aquila Opportunity Growth Fund) are both Mid Cap Blend Equities funds. Their correlation of 0.80 suggests significant overlap in exposure. PMFMX charges 0.73%/yr vs 1.50%/yr for ATGAX.

Performance

PMFMX vs. ATGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal MidCap S&P 400 Index Fund (PMFMX) and Aquila Opportunity Growth Fund (ATGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PMFMX

• 1D: -0.12%
• 1M: 2.42%
• YTD: 13.74%
• 6M: 13.42%
• 1Y: 24.90%
• 3Y*: 20.35%
• 5Y*: 10.23%
• 10Y*: 11.92%

ATGAX

• 1D: -0.36%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PMFMX vs. ATGAX - Yearly Performance Comparison

	2026 (YTD)
PMFMX Principal MidCap S&P 400 Index Fund	0.87%
ATGAX Aquila Opportunity Growth Fund	1.66%

Correlation

The correlation between PMFMX and ATGAX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.80

Return for Risk

PMFMX vs. ATGAX — Risk / Return Rank

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

PMFMX

PMFMX Risk / Return Rank: 41
PMFMX Sharpe Ratio Rank: 34
PMFMX Sortino Ratio Rank: 35
PMFMX Omega Ratio Rank: 32
PMFMX Calmar Ratio Rank: 55
PMFMX Martin Ratio Rank: 51

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.

PMFMX vs. ATGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal MidCap S&P 400 Index Fund (PMFMX) and Aquila Opportunity Growth Fund (ATGAX). 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.

	PMFMX	ATGAX	Difference
Sharpe ratio: Return per unit of total volatility	1.61	—	—
Sortino ratio: Return per unit of downside risk	2.37	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.78	—	—
Martin ratio: Return relative to average drawdown	10.13	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PMFMX	ATGAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	18.80	-18.36

Drawdowns

PMFMX vs. ATGAX - Drawdown Comparison

The maximum PMFMX drawdown since its inception was -55.43%, which is greater than ATGAX's maximum drawdown of -0.36%. Use the drawdown chart below to compare losses from any high point for PMFMX and ATGAX.

Drawdown Indicators

	PMFMX	ATGAX	Difference
Max Drawdown Largest peak-to-trough decline	-55.43%	-0.36%	-55.07%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.09%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.08%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.02%	—	—
Current Drawdown Current decline from peak	-0.12%	-0.36%	+0.24%
Average Drawdown Average peak-to-trough decline	-7.81%	-0.09%	-7.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	—	—

Volatility

Volatility by Period

	PMFMX	ATGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.37%	11.18%	+4.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.57%	11.18%	+9.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.00%	11.18%	+9.82%

PMFMX vs. ATGAX - Expense Ratio Comparison

PMFMX has a 0.73% expense ratio, which is lower than ATGAX's 1.50% expense ratio.

Dividends

PMFMX vs. ATGAX - Dividend Comparison

PMFMX's dividend yield for the trailing twelve months is around 7.21%, while ATGAX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ATGAX Aquila Opportunity Growth Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PMFMX Principal MidCap S&P 400 Index Fund	7.21%	8.20%	25.27%	3.11%	6.69%	7.76%	6.63%	5.52%	10.65%	6.61%	5.85%	7.40%

Frequently Asked Questions

Can I hold both PMFMX and ATGAX in my portfolio?

PMFMX and ATGAX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.