PMFMX vs. CMNWX
Compare and contrast key facts about Principal MidCap S&P 400 Index Fund (PMFMX) and Principal Capital Appreciation Fund (CMNWX).
PMFMX is managed by Principal. It was launched on Dec 6, 2000. CMNWX is managed by Principal. It was launched on Nov 24, 1986.
Performance
PMFMX vs. CMNWX - Performance Comparison
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PMFMX vs. CMNWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMFMX Principal MidCap S&P 400 Index Fund | -0.54% | 6.77% | 28.52% | 15.61% | -13.60% | 23.61% | 12.90% | 25.34% | -11.89% | 15.35% |
CMNWX Principal Capital Appreciation Fund | -6.68% | 13.27% | 32.14% | 25.01% | -16.37% | 27.45% | 18.36% | 32.21% | -4.12% | 20.64% |
Returns By Period
In the year-to-date period, PMFMX achieves a -0.54% return, which is significantly higher than CMNWX's -6.68% return. Over the past 10 years, PMFMX has underperformed CMNWX with an annualized return of 10.81%, while CMNWX has yielded a comparatively higher 13.74% annualized return.
PMFMX
- 1D
- -0.85%
- 1M
- -8.10%
- YTD
- -0.54%
- 6M
- 0.93%
- 1Y
- 13.29%
- 3Y*
- 15.05%
- 5Y*
- 8.28%
- 10Y*
- 10.81%
CMNWX
- 1D
- -0.67%
- 1M
- -7.99%
- YTD
- -6.68%
- 6M
- -5.57%
- 1Y
- 12.09%
- 3Y*
- 18.16%
- 5Y*
- 12.23%
- 10Y*
- 13.74%
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PMFMX vs. CMNWX - Expense Ratio Comparison
PMFMX has a 0.73% expense ratio, which is lower than CMNWX's 0.80% expense ratio.
Return for Risk
PMFMX vs. CMNWX — Risk / Return Rank
PMFMX
CMNWX
PMFMX vs. CMNWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap S&P 400 Index Fund (PMFMX) and Principal Capital Appreciation Fund (CMNWX). 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 | CMNWX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.65 | 0.74 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.06 | 1.17 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.16 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.81 | 0.91 | -0.10 |
Martin ratioReturn relative to average drawdown | 3.51 | 4.36 | -0.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PMFMX | CMNWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.74 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.73 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.80 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.69 | -0.27 |
Correlation
The correlation between PMFMX and CMNWX 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.
Dividends
PMFMX vs. CMNWX - Dividend Comparison
PMFMX's dividend yield for the trailing twelve months is around 8.25%, less than CMNWX's 9.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMFMX Principal MidCap S&P 400 Index Fund | 8.25% | 8.20% | 25.27% | 3.11% | 6.69% | 7.76% | 6.63% | 5.52% | 10.65% | 6.61% | 5.85% | 7.40% |
CMNWX Principal Capital Appreciation Fund | 9.38% | 8.75% | 10.03% | 0.71% | 0.69% | 9.52% | 5.33% | 8.37% | 46.60% | 7.72% | 10.32% | 5.42% |
Drawdowns
PMFMX vs. CMNWX - Drawdown Comparison
The maximum PMFMX drawdown since its inception was -55.43%, which is greater than CMNWX's maximum drawdown of -50.43%. Use the drawdown chart below to compare losses from any high point for PMFMX and CMNWX.
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Drawdown Indicators
| PMFMX | CMNWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.43% | -50.43% | -5.00% |
Max Drawdown (1Y)Largest decline over 1 year | -14.15% | -11.50% | -2.65% |
Max Drawdown (5Y)Largest decline over 5 years | -24.08% | -23.35% | -0.73% |
Max Drawdown (10Y)Largest decline over 10 years | -42.02% | -33.26% | -8.76% |
Current DrawdownCurrent decline from peak | -8.89% | -8.91% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -7.86% | -6.99% | -0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 2.41% | +0.86% |
Volatility
PMFMX vs. CMNWX - Volatility Comparison
Principal MidCap S&P 400 Index Fund (PMFMX) has a higher volatility of 5.74% compared to Principal Capital Appreciation Fund (CMNWX) at 4.58%. This indicates that PMFMX's price experiences larger fluctuations and is considered to be riskier than CMNWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMFMX | CMNWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 4.58% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 11.46% | 9.55% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.81% | 17.32% | +3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.54% | 16.76% | +3.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.95% | 17.14% | +3.81% |