PPSIX vs. HHDVX

Last updated Aug 1, 2026

PPSIX (Principal Spectrum Preferred and Capital Securities Income Fund) and HHDVX (Hamlin High Dividend Equity Fund) are both mutual funds - PPSIX is a Preferred Stock fund managed by Principal, while HHDVX is a Large Cap Value Equities fund managed by Hamlin. Over the past 10 years, PPSIX returned 4.11%/yr vs 11.11%/yr for HHDVX. Their 0.30 correlation means their historical movements had little consistent relationship. PPSIX charges 0.79%/yr vs 1.15%/yr for HHDVX.

Performance

PPSIX vs. HHDVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) and Hamlin High Dividend Equity Fund (HHDVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PPSIX achieves a 0.64% return, which is significantly lower than HHDVX's 12.63% return. Over the past 10 years, PPSIX has underperformed HHDVX with an annualized return of 4.11%, while HHDVX has yielded a comparatively higher 11.11% annualized return.

PPSIX

• 1D: 0.11%
• 1M: -0.74%
• 6M: -0.12%
• YTD: 0.64%
• 1Y: 3.88%
• 3Y*: 7.36%
• 5Y*: 2.41%
• 10Y*: 4.11%
• ALL TIME*: 5.24%

HHDVX

• 1D: -0.77%
• 1M: 0.20%
• 6M: 8.72%
• YTD: 12.63%
• 1Y: 17.58%
• 3Y*: 15.57%
• 5Y*: 11.93%
• 10Y*: 11.11%
• ALL TIME*: 11.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HHDVX Hamlin High Dividend Equity Fund	$0.00	$0.00	$0.00
PPSIX Principal Spectrum Preferred and Capital Securities Income Fund	$0.00	$0.00	$0.00

PPSIX vs. HHDVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PPSIX Principal Spectrum Preferred and Capital Securities Income Fund	0.64%	7.86%	9.82%	5.88%	-10.67%	3.03%	5.47%	16.45%	-4.54%	10.51%
HHDVX Hamlin High Dividend Equity Fund	12.63%	7.83%	23.92%	13.34%	-4.85%	30.88%	4.39%	21.84%	-7.91%	13.55%

Correlation

The correlation between PPSIX and HHDVX is 0.37, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.37
Correlation (3Y) Balances recent behavior with more history.	0.36
Correlation (5Y) Shows whether the relationship held over a longer period.	0.37
Correlation (10Y) Provides a long-term view across more market conditions.	0.32
Correlation (All Time) Calculated using the full available price history since Mar 29, 2012	0.30

Return for Risk

PPSIX vs. HHDVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PPSIX

PPSIX Risk / Return Rank: 53
PPSIX Sharpe Ratio Rank: 66
PPSIX Sortino Ratio Rank: 63
PPSIX Omega Ratio Rank: 76
PPSIX Calmar Ratio Rank: 27
PPSIX Martin Ratio Rank: 33

HHDVX

HHDVX Risk / Return Rank: 59
HHDVX Sharpe Ratio Rank: 62
HHDVX Sortino Ratio Rank: 65
HHDVX Omega Ratio Rank: 57
HHDVX Calmar Ratio Rank: 64
HHDVX Martin Ratio Rank: 49

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PPSIX vs. HHDVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) and Hamlin High Dividend Equity Fund (HHDVX). 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.

	PPSIX	HHDVX	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.52	+0.05
Sortino ratio: Return per unit of downside risk	2.19	2.29	-0.09
Omega ratio: Gain probability vs. loss probability	1.34	1.27	+0.07
Calmar ratio: Return relative to maximum drawdown	1.23	2.16	-0.93
Martin ratio: Return relative to average drawdown	4.79	6.92	-2.13

PPSIX vs. HHDVX - Sharpe Ratio Comparison

The current PPSIX Sharpe Ratio is 1.57, which is comparable to the HHDVX Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of PPSIX and HHDVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PPSIX vs. HHDVX - Drawdown Comparison

The maximum PPSIX drawdown since its inception was -52.75%, which is greater than HHDVX's maximum drawdown of -36.13%. Use the drawdown chart below to compare losses from any high point for PPSIX and HHDVX.

Drawdown Indicators

	PPSIX	HHDVX	Difference
Max Drawdown Largest peak-to-trough decline	-52.75%	-36.13%	-16.62%
Max Drawdown (1Y) Largest decline over 1 year	-3.18%	-7.28%	+4.10%
Max Drawdown (3Y) Largest decline over 3 years	-3.21%	-14.29%	+11.08%
Max Drawdown (5Y) Largest decline over 5 years	-17.37%	-16.67%	-0.70%
Max Drawdown (10Y) Largest decline over 10 years	-22.82%	-36.13%	+13.31%
Current Drawdown Current decline from peak	-0.97%	-1.96%	+0.99%
Average Drawdown Average peak-to-trough decline	-3.27%	-3.60%	+0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.81%	2.27%	-1.46%

Volatility

PPSIX vs. HHDVX - Volatility Comparison

The current volatility for Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) is 0.72%, while Hamlin High Dividend Equity Fund (HHDVX) has a volatility of 2.96%. This indicates that PPSIX experiences smaller price fluctuations and is considered to be less risky than HHDVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPSIX	HHDVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.72%	2.96%	-2.24%
Volatility (6M) Calculated over the trailing 6-month period	2.16%	7.61%	-5.45%
Volatility (1Y) Calculated over the trailing 1-year period	2.48%	10.36%	-7.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.25%	14.30%	-10.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.35%	16.44%	-11.09%

PPSIX vs. HHDVX - Expense Ratio Comparison

PPSIX has a 0.79% expense ratio, which is lower than HHDVX's 1.15% expense ratio.

Dividends

PPSIX vs. HHDVX - Dividend Comparison

PPSIX's dividend yield for the trailing twelve months is around 5.43%, more than HHDVX's 4.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HHDVX Hamlin High Dividend Equity Fund	4.13%	4.28%	9.40%	1.84%	2.88%	4.11%	2.99%	2.52%	8.93%	1.76%	2.36%	2.57%
PPSIX Principal Spectrum Preferred and Capital Securities Income Fund	5.43%	5.59%	5.34%	4.82%	5.54%	4.39%	4.44%	4.87%	5.79%	5.04%	5.86%	6.09%

Frequently Asked Questions

Can I hold both PPSIX and HHDVX in my portfolio?

PPSIX and HHDVX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PPSIX or HHDVX?

HHDVX has higher volatility (2.96%) compared to PPSIX (0.72%). In terms of maximum drawdown, PPSIX dropped -52.75% vs HHDVX's -36.13%.

Which has better risk-adjusted returns?

PPSIX currently has the higher Sharpe Ratio (1.57 vs 1.52), 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.