POSIX vs. PCBIX
POSIX (Principal Global Real Estate Securities Fund) and PCBIX (Principal MidCap Fund Institutional Class) are both mutual funds - POSIX is a REIT fund managed by Principal, while PCBIX is a Mid Cap Growth Equities fund managed by Principal. Over the past 10 years, POSIX returned 4.01%/yr vs 11.86%/yr for PCBIX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. POSIX charges 0.94%/yr vs 0.67%/yr for PCBIX.
Performance
POSIX vs. PCBIX - Performance Comparison
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Returns By Period
In the year-to-date period, POSIX achieves a 12.13% return, which is significantly higher than PCBIX's -4.46% return. Over the past 10 years, POSIX has underperformed PCBIX with an annualized return of 4.01%, while PCBIX has yielded a comparatively higher 11.86% annualized return.
POSIX
- 1D
- -0.92%
- 1M
- 1.13%
- 6M
- 9.84%
- YTD
- 12.13%
- 1Y
- 15.68%
- 3Y*
- 8.80%
- 5Y*
- 0.52%
- 10Y*
- 4.01%
- ALL TIME*
- 3.95%
PCBIX
- 1D
- -0.75%
- 1M
- -1.35%
- 6M
- -4.10%
- YTD
- -4.46%
- 1Y
- -8.05%
- 3Y*
- 9.05%
- 5Y*
- 4.31%
- 10Y*
- 11.86%
- ALL TIME*
- 10.89%
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 |
POSIX vs. PCBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
POSIX Principal Global Real Estate Securities Fund | 12.13% | 7.57% | 0.67% | 10.87% | -26.74% | 23.45% | -3.91% | 24.53% | -3.35% | 14.73% |
PCBIX Principal MidCap Fund Institutional Class | -4.46% | 1.62% | 23.63% | 25.92% | -23.16% | 25.22% | 18.25% | 49.40% | -6.86% | 25.32% |
Correlation
The correlation between POSIX and PCBIX is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2007 | 0.74 |
Over the past year, the correlation between POSIX and PCBIX has dropped to 0.49 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
POSIX vs. PCBIX — Risk / Return Rank
POSIX
PCBIX
POSIX vs. PCBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Global Real Estate Securities Fund (POSIX) and Principal MidCap Fund Institutional Class (PCBIX). 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.
| POSIX | PCBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.92 | ||
| Sortino ratioReturn per unit of downside risk | +2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.92 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | -0.47 | +2.06 |
| Martin ratioReturn relative to average drawdown | 5.80 | -0.92 | +6.72 |
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Drawdowns
POSIX vs. PCBIX - Drawdown Comparison
The maximum POSIX drawdown since its inception was -68.45%, which is greater than PCBIX's maximum drawdown of -50.25%. Use the drawdown chart below to compare losses from any high point for POSIX and PCBIX.
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Drawdown Indicators
| POSIX | PCBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.45% | -50.25% | -18.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -19.29% | +9.32% |
Max Drawdown (3Y)Largest decline over 3 years | -18.02% | -19.29% | +1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -34.15% | -31.17% | -2.98% |
Max Drawdown (10Y)Largest decline over 10 years | -41.70% | -40.56% | -1.14% |
Current DrawdownCurrent decline from peak | -1.56% | -10.71% | +9.15% |
Average DrawdownAverage peak-to-trough decline | -13.83% | -6.58% | -7.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 9.84% | -7.11% |
Volatility
POSIX vs. PCBIX - Volatility Comparison
The current volatility for Principal Global Real Estate Securities Fund (POSIX) is 3.41%, while Principal MidCap Fund Institutional Class (PCBIX) has a volatility of 5.21%. This indicates that POSIX experiences smaller price fluctuations and is considered to be less risky than PCBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| POSIX | PCBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 5.21% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 9.71% | 12.01% | -2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.12% | 15.17% | -3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 18.74% | -2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.94% | 19.14% | -2.20% |
POSIX vs. PCBIX - Expense Ratio Comparison
POSIX has a 0.94% expense ratio, which is higher than PCBIX's 0.67% expense ratio.
Dividends
POSIX vs. PCBIX - Dividend Comparison
POSIX's dividend yield for the trailing twelve months is around 2.35%, less than PCBIX's 6.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCBIX Principal MidCap Fund Institutional Class | 6.09% | 5.81% | 6.40% | 2.51% | 3.18% | 7.96% | 1.08% | 9.02% | 12.24% | 3.31% | 2.49% | 6.30% |
POSIX Principal Global Real Estate Securities Fund | 2.35% | 2.64% | 2.57% | 2.63% | 1.12% | 2.40% | 1.13% | 6.32% | 3.81% | 4.16% | 3.70% | 4.48% |
Frequently Asked Questions
POSIX and PCBIX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCBIX has higher volatility (5.21%) compared to POSIX (3.41%). In terms of maximum drawdown, POSIX dropped -68.45% vs PCBIX's -50.25%.
POSIX currently has the higher Sharpe Ratio (1.32 vs -0.60), 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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