PMFMX vs. PTEAX
Compare and contrast key facts about Principal MidCap S&P 400 Index Fund (PMFMX) and Principal Tax-Exempt Bond Fund (PTEAX).
PMFMX is managed by Principal. It was launched on Dec 6, 2000. PTEAX is managed by Principal. It was launched on Jan 2, 1977.
Performance
PMFMX vs. PTEAX - Performance Comparison
Loading graphics...
PMFMX vs. PTEAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMFMX Principal MidCap S&P 400 Index Fund | 2.33% | 6.77% | 28.52% | 15.61% | -13.60% | 23.61% | 12.90% | 25.34% | -11.89% | 15.35% |
PTEAX Principal Tax-Exempt Bond Fund | -0.76% | 4.68% | 2.10% | 6.35% | -12.18% | 2.71% | 4.80% | 9.05% | 0.44% | 6.44% |
Returns By Period
In the year-to-date period, PMFMX achieves a 2.33% return, which is significantly higher than PTEAX's -0.76% return. Over the past 10 years, PMFMX has outperformed PTEAX with an annualized return of 11.12%, while PTEAX has yielded a comparatively lower 1.96% annualized return.
PMFMX
- 1D
- 2.88%
- 1M
- -6.23%
- YTD
- 2.33%
- 6M
- 3.49%
- 1Y
- 15.90%
- 3Y*
- 16.14%
- 5Y*
- 8.58%
- 10Y*
- 11.12%
PTEAX
- 1D
- 0.30%
- 1M
- -2.37%
- YTD
- -0.76%
- 6M
- 0.69%
- 1Y
- 3.33%
- 3Y*
- 3.12%
- 5Y*
- 0.32%
- 10Y*
- 1.96%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PMFMX vs. PTEAX - Expense Ratio Comparison
Both PMFMX and PTEAX have an expense ratio of 0.73%.
Return for Risk
PMFMX vs. PTEAX — Risk / Return Rank
PMFMX
PTEAX
PMFMX vs. PTEAX - 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 Tax-Exempt Bond Fund (PTEAX). 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 | PTEAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.75 | +0.04 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.02 | +0.23 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 0.92 | +0.26 |
Martin ratioReturn relative to average drawdown | 5.10 | 2.95 | +2.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PMFMX | PTEAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.75 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.08 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.45 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.31 | +0.11 |
Correlation
The correlation between PMFMX and PTEAX is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PMFMX vs. PTEAX - Dividend Comparison
PMFMX's dividend yield for the trailing twelve months is around 8.01%, more than PTEAX's 3.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMFMX Principal MidCap S&P 400 Index Fund | 8.01% | 8.20% | 25.27% | 3.11% | 6.69% | 7.76% | 6.63% | 5.52% | 10.65% | 6.61% | 5.85% | 7.40% |
PTEAX Principal Tax-Exempt Bond Fund | 3.87% | 4.66% | 3.73% | 2.81% | 2.27% | 2.15% | 2.23% | 3.09% | 3.68% | 3.69% | 3.91% | 3.75% |
Drawdowns
PMFMX vs. PTEAX - Drawdown Comparison
The maximum PMFMX drawdown since its inception was -55.43%, which is greater than PTEAX's maximum drawdown of -38.72%. Use the drawdown chart below to compare losses from any high point for PMFMX and PTEAX.
Loading graphics...
Drawdown Indicators
| PMFMX | PTEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.43% | -38.72% | -16.71% |
Max Drawdown (1Y)Largest decline over 1 year | -14.15% | -4.78% | -9.37% |
Max Drawdown (5Y)Largest decline over 5 years | -24.08% | -17.37% | -6.71% |
Max Drawdown (10Y)Largest decline over 10 years | -42.02% | -17.37% | -24.65% |
Current DrawdownCurrent decline from peak | -6.27% | -2.66% | -3.61% |
Average DrawdownAverage peak-to-trough decline | -7.86% | -5.95% | -1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 1.50% | +1.79% |
Volatility
PMFMX vs. PTEAX - Volatility Comparison
Principal MidCap S&P 400 Index Fund (PMFMX) has a higher volatility of 6.50% compared to Principal Tax-Exempt Bond Fund (PTEAX) at 1.09%. This indicates that PMFMX's price experiences larger fluctuations and is considered to be riskier than PTEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PMFMX | PTEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 1.09% | +5.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.80% | 1.82% | +9.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.96% | 4.92% | +16.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.58% | 3.96% | +16.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.97% | 4.39% | +16.58% |