PPSIX vs. PSMIX
Compare and contrast key facts about Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) and Principal Global Multi-Strategy Fund (PSMIX).
PPSIX is managed by Principal. It was launched on Apr 30, 2002. PSMIX is managed by Principal. It was launched on Oct 23, 2011.
Performance
PPSIX vs. PSMIX - Performance Comparison
Loading graphics...
PPSIX vs. PSMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPSIX Principal Spectrum Preferred and Capital Securities Income Fund | -1.61% | 7.86% | 9.82% | 5.88% | -10.67% | 3.03% | 5.47% | 16.45% | -4.54% | 10.51% |
PSMIX Principal Global Multi-Strategy Fund | 0.60% | 10.47% | 8.90% | 6.59% | -1.80% | 5.62% | 5.11% | 8.18% | -4.34% | 6.60% |
Returns By Period
In the year-to-date period, PPSIX achieves a -1.61% return, which is significantly lower than PSMIX's 0.60% return. Over the past 10 years, PPSIX has underperformed PSMIX with an annualized return of 4.34%, while PSMIX has yielded a comparatively higher 4.82% annualized return.
PPSIX
- 1D
- 0.00%
- 1M
- -2.98%
- YTD
- -1.61%
- 6M
- -0.58%
- 1Y
- 4.72%
- 3Y*
- 8.02%
- 5Y*
- 2.57%
- 10Y*
- 4.34%
PSMIX
- 1D
- -0.09%
- 1M
- -2.33%
- YTD
- 0.60%
- 6M
- 3.33%
- 1Y
- 10.63%
- 3Y*
- 8.61%
- 5Y*
- 5.68%
- 10Y*
- 4.82%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PPSIX vs. PSMIX - Expense Ratio Comparison
PPSIX has a 0.79% expense ratio, which is lower than PSMIX's 1.63% expense ratio.
Return for Risk
PPSIX vs. PSMIX — Risk / Return Rank
PPSIX
PSMIX
PPSIX vs. PSMIX - 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 Principal Global Multi-Strategy Fund (PSMIX). 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.
| PPSIX | PSMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.66 | 2.20 | -0.54 |
Sortino ratioReturn per unit of downside risk | 2.10 | 2.86 | -0.76 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.47 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.92 | -1.48 |
Martin ratioReturn relative to average drawdown | 6.47 | 12.96 | -6.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PPSIX | PSMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 2.20 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 1.26 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.13 | +0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.14 | +0.44 |
Correlation
The correlation between PPSIX and PSMIX is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PPSIX vs. PSMIX - Dividend Comparison
PPSIX's dividend yield for the trailing twelve months is around 5.39%, less than PSMIX's 5.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPSIX Principal Spectrum Preferred and Capital Securities Income Fund | 5.39% | 5.59% | 5.34% | 4.82% | 5.54% | 4.39% | 4.44% | 4.87% | 5.79% | 5.04% | 5.86% | 6.09% |
PSMIX Principal Global Multi-Strategy Fund | 5.49% | 5.53% | 1.66% | 3.51% | 12.10% | 4.04% | 1.68% | 0.00% | 6.52% | 2.91% | 0.15% | 3.02% |
Drawdowns
PPSIX vs. PSMIX - Drawdown Comparison
The maximum PPSIX drawdown since its inception was -52.75%, roughly equal to the maximum PSMIX drawdown of -55.50%. Use the drawdown chart below to compare losses from any high point for PPSIX and PSMIX.
Loading graphics...
Drawdown Indicators
| PPSIX | PSMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.75% | -55.50% | +2.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -3.57% | +0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -17.37% | -6.39% | -10.98% |
Max Drawdown (10Y)Largest decline over 10 years | -22.82% | -55.50% | +32.68% |
Current DrawdownCurrent decline from peak | -3.18% | -28.20% | +25.02% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -26.60% | +23.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.80% | -0.09% |
Volatility
PPSIX vs. PSMIX - Volatility Comparison
Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) and Principal Global Multi-Strategy Fund (PSMIX) have volatilities of 1.29% and 1.30%, 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.
Loading graphics...
Volatility by Period
| PPSIX | PSMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.30% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 3.11% | -1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.86% | 4.90% | -2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.20% | 4.51% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 38.09% | -32.75% |