PMFMX vs. FXAIX
Compare and contrast key facts about Principal MidCap S&P 400 Index Fund (PMFMX) and Fidelity 500 Index Fund (FXAIX).
PMFMX is managed by Principal. It was launched on Dec 6, 2000. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMFMX or FXAIX.
Key characteristics
| PMFMX | FXAIX | |
|---|---|---|
| YTD Return | 11.14% | 20.78% |
| 1Y Return | 25.22% | 33.63% |
| 3Y Return (Ann) | 6.60% | 11.15% |
| 5Y Return (Ann) | 10.74% | 15.64% |
| 10Y Return (Ann) | 9.31% | 13.28% |
| Sharpe Ratio | 1.37 | 2.46 |
| Daily Std Dev | 16.75% | 12.76% |
| Max Drawdown | -55.43% | -33.79% |
| Current Drawdown | -0.70% | -0.19% |
Correlation
The correlation between PMFMX and FXAIX is 0.87, 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.
Performance
PMFMX vs. FXAIX - Performance Comparison
In the year-to-date period, PMFMX achieves a 11.14% return, which is significantly lower than FXAIX's 20.78% return. Over the past 10 years, PMFMX has underperformed FXAIX with an annualized return of 9.31%, while FXAIX has yielded a comparatively higher 13.28% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PMFMX vs. FXAIX - Expense Ratio Comparison
PMFMX has a 0.73% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
PMFMX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap S&P 400 Index Fund (PMFMX) and Fidelity 500 Index Fund (FXAIX). 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.
Dividends
PMFMX vs. FXAIX - Dividend Comparison
PMFMX's dividend yield for the trailing twelve months is around 2.77%, more than FXAIX's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMFMX Principal MidCap S&P 400 Index Fund | 2.77% | 3.08% | 6.69% | 7.76% | 6.63% | 5.52% | 10.65% | 6.61% | 5.85% | 7.40% | 5.29% | 3.63% |
FXAIX Fidelity 500 Index Fund | 1.23% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
PMFMX vs. FXAIX - Drawdown Comparison
The maximum PMFMX drawdown since its inception was -55.43%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for PMFMX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
PMFMX vs. FXAIX - Volatility Comparison
Principal MidCap S&P 400 Index Fund (PMFMX) has a higher volatility of 5.00% compared to Fidelity 500 Index Fund (FXAIX) at 4.31%. This indicates that PMFMX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.