PMFMX vs. ^SP400
Compare and contrast key facts about Principal MidCap S&P 400 Index Fund (PMFMX) and S&P 400 (^SP400).
PMFMX is managed by Principal. It was launched on Dec 6, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMFMX or ^SP400.
Key characteristics
| PMFMX | ^SP400 | |
|---|---|---|
| YTD Return | 11.14% | 11.57% |
| 1Y Return | 25.22% | 24.19% |
| 3Y Return (Ann) | 6.60% | 5.67% |
| 5Y Return (Ann) | 10.74% | 9.82% |
| 10Y Return (Ann) | 9.31% | 8.39% |
| Sharpe Ratio | 1.37 | 1.31 |
| Daily Std Dev | 16.75% | 16.79% |
| Max Drawdown | -55.43% | -56.32% |
| Current Drawdown | -0.70% | -0.69% |
Correlation
The correlation between PMFMX and ^SP400 is 0.99, 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. ^SP400 - Performance Comparison
The year-to-date returns for both investments are quite close, with PMFMX having a 11.14% return and ^SP400 slightly higher at 11.57%. Over the past 10 years, PMFMX has outperformed ^SP400 with an annualized return of 9.31%, while ^SP400 has yielded a comparatively lower 8.39% 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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Risk-Adjusted Performance
PMFMX vs. ^SP400 - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap S&P 400 Index Fund (PMFMX) and S&P 400 (^SP400). 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.
Drawdowns
PMFMX vs. ^SP400 - Drawdown Comparison
The maximum PMFMX drawdown since its inception was -55.43%, roughly equal to the maximum ^SP400 drawdown of -56.32%. Use the drawdown chart below to compare losses from any high point for PMFMX and ^SP400. For additional features, visit the drawdowns tool.
Volatility
PMFMX vs. ^SP400 - Volatility Comparison
Principal MidCap S&P 400 Index Fund (PMFMX) and S&P 400 (^SP400) have volatilities of 5.00% and 4.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.