Correlation
The correlation between PMFMX and QQQ is 0.89, 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.
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.
Performance
PMFMX vs. QQQ - Performance Comparison
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Key characteristics
PMFMX:
0.18
QQQ:
0.57
PMFMX:
0.28
QQQ:
0.95
PMFMX:
1.04
QQQ:
1.13
PMFMX:
0.08
QQQ:
0.62
PMFMX:
0.24
QQQ:
2.03
PMFMX:
7.96%
QQQ:
7.02%
PMFMX:
22.07%
QQQ:
25.60%
PMFMX:
-55.43%
QQQ:
-82.98%
PMFMX:
-10.83%
QQQ:
-3.49%
Returns By Period
In the year-to-date period, PMFMX achieves a -3.22% return, which is significantly lower than QQQ's 1.85% return. Over the past 10 years, PMFMX has underperformed QQQ with an annualized return of 7.91%, while QQQ has yielded a comparatively higher 17.67% annualized return.
PMFMX
-3.22%
5.54%
-10.15%
3.89%
6.81%
12.14%
7.91%
QQQ
1.85%
9.34%
3.21%
14.61%
19.74%
18.12%
17.67%
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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 Rank
PMFMX
QQQ
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.
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Dividends
PMFMX vs. QQQ - Dividend Comparison
PMFMX's dividend yield for the trailing twelve months is around 13.53%, more than QQQ's 0.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMFMX Principal MidCap S&P 400 Index Fund | 13.53% | 13.09% | 3.11% | 6.69% | 7.76% | 6.63% | 5.52% | 10.66% | 6.61% | 5.85% | 7.40% | 5.29% |
QQQ Invesco QQQ | 0.57% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
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.
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Volatility
PMFMX vs. QQQ - Volatility Comparison
Principal MidCap S&P 400 Index Fund (PMFMX) has a higher volatility of 5.91% compared to Invesco QQQ (QQQ) at 5.60%. This indicates that PMFMX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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