PPQSX vs. PGWIX
Compare and contrast key facts about Principal MidCap Growth Fund III (PPQSX) and Principal MidCap Growth Fund Institutional Class (PGWIX).
PPQSX is managed by Principal. It was launched on Dec 6, 2000. PGWIX is managed by Principal. It was launched on Mar 1, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PPQSX or PGWIX.
Key characteristics
| PPQSX | PGWIX | |
|---|---|---|
| YTD Return | 2.76% | 10.58% |
| 1Y Return | 17.41% | 20.69% |
| 3Y Return (Ann) | -2.77% | -4.16% |
| 5Y Return (Ann) | 8.37% | 10.37% |
| 10Y Return (Ann) | 9.30% | 10.02% |
| Sharpe Ratio | 0.90 | 0.94 |
| Daily Std Dev | 16.27% | 18.53% |
| Max Drawdown | -59.72% | -52.29% |
| Current Drawdown | -14.04% | -20.95% |
Correlation
The correlation between PPQSX and PGWIX is 0.95, 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
PPQSX vs. PGWIX - Performance Comparison
In the year-to-date period, PPQSX achieves a 2.76% return, which is significantly lower than PGWIX's 10.58% return. Over the past 10 years, PPQSX has underperformed PGWIX with an annualized return of 9.30%, while PGWIX has yielded a comparatively higher 10.02% 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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PPQSX vs. PGWIX - Expense Ratio Comparison
PPQSX has a 1.23% expense ratio, which is higher than PGWIX's 0.75% expense ratio.
Risk-Adjusted Performance
PPQSX vs. PGWIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Growth Fund III (PPQSX) and Principal MidCap Growth Fund Institutional Class (PGWIX). 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
PPQSX vs. PGWIX - Dividend Comparison
PPQSX's dividend yield for the trailing twelve months is around 7.54%, while PGWIX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPQSX Principal MidCap Growth Fund III | 7.54% | 7.74% | 2.04% | 26.13% | 5.53% | 8.81% | 12.54% | 13.90% | 0.28% | 5.30% | 25.58% | 20.51% |
PGWIX Principal MidCap Growth Fund Institutional Class | 0.00% | 0.00% | 0.00% | 17.39% | 9.83% | 4.11% | 16.05% | 3.54% | 0.35% | 0.00% | 23.11% | 24.59% |
Drawdowns
PPQSX vs. PGWIX - Drawdown Comparison
The maximum PPQSX drawdown since its inception was -59.72%, which is greater than PGWIX's maximum drawdown of -52.29%. Use the drawdown chart below to compare losses from any high point for PPQSX and PGWIX. For additional features, visit the drawdowns tool.
Volatility
PPQSX vs. PGWIX - Volatility Comparison
The current volatility for Principal MidCap Growth Fund III (PPQSX) is 4.80%, while Principal MidCap Growth Fund Institutional Class (PGWIX) has a volatility of 5.62%. This indicates that PPQSX experiences smaller price fluctuations and is considered to be less risky than PGWIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.