PNIIX vs. PBCKX
PNIIX (Principal Bond Market Index Fund) and PBCKX (Principal Blue Chip Fund) are both mutual funds - PNIIX is a Intermediate Core Bond fund managed by Principal, while PBCKX is a Large Cap Growth Equities fund managed by Principal. Over the past 10 years, PNIIX returned 1.21%/yr vs 15.76%/yr for PBCKX. Their -0.02 correlation means they have often moved in opposite directions in the past. PNIIX charges 0.15%/yr vs 0.66%/yr for PBCKX.
Performance
PNIIX vs. PBCKX - Performance Comparison
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Returns By Period
In the year-to-date period, PNIIX achieves a -0.35% return, which is significantly higher than PBCKX's -2.47% return. Over the past 10 years, PNIIX has underperformed PBCKX with an annualized return of 1.21%, while PBCKX has yielded a comparatively higher 15.76% annualized return.
PNIIX
- 1D
- 0.00%
- 1M
- -0.93%
- 6M
- -0.58%
- YTD
- -0.35%
- 1Y
- 1.96%
- 3Y*
- 3.65%
- 5Y*
- -0.49%
- 10Y*
- 1.21%
- ALL TIME*
- 2.34%
PBCKX
- 1D
- 2.08%
- 1M
- -0.12%
- 6M
- -0.54%
- YTD
- -2.47%
- 1Y
- -3.06%
- 3Y*
- 14.84%
- 5Y*
- 6.41%
- 10Y*
- 15.76%
- ALL TIME*
- 15.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PNIIX vs. PBCKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PNIIX Principal Bond Market Index Fund | -0.35% | 7.01% | 1.17% | 5.55% | -13.26% | -1.68% | 7.28% | 8.47% | -0.20% | 3.31% |
PBCKX Principal Blue Chip Fund | -2.47% | 9.20% | 26.90% | 40.58% | -30.74% | 25.05% | 34.77% | 45.22% | 2.83% | 28.85% |
Correlation
The correlation between PNIIX and PBCKX is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2012 | -0.02 |
The correlation between PNIIX and PBCKX shifts across timeframes, from -0.02 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PNIIX vs. PBCKX — Risk / Return Rank
PNIIX
PBCKX
PNIIX vs. PBCKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Bond Market Index Fund (PNIIX) and Principal Blue Chip Fund (PBCKX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PNIIX | PBCKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.96 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | -0.27 | +1.33 |
| Martin ratioReturn relative to average drawdown | 2.67 | -0.76 | +3.42 |
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Drawdowns
PNIIX vs. PBCKX - Drawdown Comparison
The maximum PNIIX drawdown since its inception was -18.76%, smaller than the maximum PBCKX drawdown of -38.00%. Use the drawdown chart below to compare losses from any high point for PNIIX and PBCKX.
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Drawdown Indicators
| PNIIX | PBCKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.76% | -38.00% | +19.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -19.10% | +16.34% |
Max Drawdown (3Y)Largest decline over 3 years | -5.04% | -19.10% | +14.06% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -38.00% | +19.86% |
Max Drawdown (10Y)Largest decline over 10 years | -18.76% | -38.00% | +19.24% |
Current DrawdownCurrent decline from peak | -3.44% | -6.17% | +2.73% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -5.66% | +2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 6.87% | -5.77% |
Volatility
PNIIX vs. PBCKX - Volatility Comparison
The current volatility for Principal Bond Market Index Fund (PNIIX) is 1.00%, while Principal Blue Chip Fund (PBCKX) has a volatility of 4.86%. This indicates that PNIIX experiences smaller price fluctuations and is considered to be less risky than PBCKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PNIIX | PBCKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 4.86% | -3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 13.43% | -10.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 16.32% | -12.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 20.52% | -14.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 20.23% | -15.14% |
PNIIX vs. PBCKX - Expense Ratio Comparison
PNIIX has a 0.15% expense ratio, which is lower than PBCKX's 0.66% expense ratio.
Dividends
PNIIX vs. PBCKX - Dividend Comparison
PNIIX's dividend yield for the trailing twelve months is around 4.03%, less than PBCKX's 20.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBCKX Principal Blue Chip Fund | 20.45% | 19.94% | 9.01% | 0.51% | 0.71% | 6.67% | 3.28% | 8.90% | 7.86% | 2.79% | 1.01% | 2.40% |
PNIIX Principal Bond Market Index Fund | 4.03% | 4.01% | 3.60% | 4.18% | 1.66% | 2.03% | 18.60% | 2.40% | 2.51% | 2.35% | 1.78% | 2.10% |
Frequently Asked Questions
PNIIX and PBCKX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PBCKX has higher volatility (4.86%) compared to PNIIX (1.00%). In terms of maximum drawdown, PNIIX dropped -18.76% vs PBCKX's -38.00%.
PNIIX currently has the higher Sharpe Ratio (0.77 vs -0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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