PMFMX vs. QQQ
Compare and contrast key facts about Principal MidCap S&P 400 Index Fund (PMFMX) and Invesco QQQ (QQQ).
PMFMX is managed by Principal. It was launched on Dec 6, 2000. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMFMX or QQQ.
Key characteristics
| PMFMX | QQQ | |
|---|---|---|
| YTD Return | 11.14% | 18.15% |
| 1Y Return | 25.22% | 35.55% |
| 3Y Return (Ann) | 6.60% | 10.33% |
| 5Y Return (Ann) | 10.74% | 21.22% |
| 10Y Return (Ann) | 9.31% | 18.16% |
| Sharpe Ratio | 1.37 | 1.86 |
| Daily Std Dev | 16.75% | 17.79% |
| Max Drawdown | -55.43% | -82.98% |
| Current Drawdown | -0.70% | -4.08% |
Correlation
The correlation between PMFMX and QQQ is 0.78, 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. QQQ - Performance Comparison
In the year-to-date period, PMFMX achieves a 11.14% return, which is significantly lower than QQQ's 18.15% return. Over the past 10 years, PMFMX has underperformed QQQ with an annualized return of 9.31%, while QQQ has yielded a comparatively higher 18.16% 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. QQQ - Expense Ratio Comparison
PMFMX has a 0.73% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
PMFMX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap S&P 400 Index Fund (PMFMX) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
PMFMX's dividend yield for the trailing twelve months is around 2.77%, more than QQQ's 0.49% 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% |
QQQ Invesco QQQ | 0.49% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
PMFMX vs. QQQ - Drawdown Comparison
The maximum PMFMX drawdown since its inception was -55.43%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PMFMX and QQQ. For additional features, visit the drawdowns tool.
Volatility
PMFMX vs. QQQ - Volatility Comparison
The current volatility for Principal MidCap S&P 400 Index Fund (PMFMX) is 5.00%, while Invesco QQQ (QQQ) has a volatility of 6.43%. This indicates that PMFMX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.