PPVIX vs. PMJAX
PPVIX (Principal SmallCap Value Fund II) and PMJAX (PIMCO RAE US Small Fund Class A) are both Small Cap Value Equities funds. Over the past 10 years, PPVIX returned 11.05%/yr vs 12.88%/yr for PMJAX. Their correlation of 0.94 means they have usually moved in the same direction. PPVIX charges 0.96%/yr vs 0.90%/yr for PMJAX.
Performance
PPVIX vs. PMJAX - Performance Comparison
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Returns By Period
In the year-to-date period, PPVIX achieves a 17.24% return, which is significantly lower than PMJAX's 20.20% return. Over the past 10 years, PPVIX has underperformed PMJAX with an annualized return of 11.05%, while PMJAX has yielded a comparatively higher 12.88% annualized return.
PPVIX
- 1D
- 0.07%
- 1M
- 1.28%
- 6M
- 10.38%
- YTD
- 17.24%
- 1Y
- 31.52%
- 3Y*
- 15.45%
- 5Y*
- 11.62%
- 10Y*
- 11.05%
- ALL TIME*
- 9.32%
PMJAX
- 1D
- 0.15%
- 1M
- 0.45%
- 6M
- 16.52%
- YTD
- 20.20%
- 1Y
- 35.79%
- 3Y*
- 17.44%
- 5Y*
- 12.58%
- 10Y*
- 12.88%
- ALL TIME*
- 13.40%
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 |
PPVIX vs. PMJAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPVIX Principal SmallCap Value Fund II | 17.24% | 8.18% | 16.09% | 20.00% | -9.20% | 32.00% | 3.61% | 23.19% | -14.74% | 6.94% |
PMJAX PIMCO RAE US Small Fund Class A | 20.20% | 4.89% | 20.53% | 19.76% | -5.07% | 38.48% | 6.52% | 19.76% | -12.02% | 8.76% |
Correlation
The correlation between PPVIX and PMJAX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.94 |
The correlation between PPVIX and PMJAX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
PPVIX vs. PMJAX — Risk / Return Rank
PPVIX
PMJAX
PPVIX vs. PMJAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal SmallCap Value Fund II (PPVIX) and PIMCO RAE US Small Fund Class A (PMJAX). 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.
| PPVIX | PMJAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 4.23 | -1.20 |
| Martin ratioReturn relative to average drawdown | 10.82 | 13.04 | -2.22 |
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Drawdowns
PPVIX vs. PMJAX - Drawdown Comparison
The maximum PPVIX drawdown since its inception was -64.79%, which is greater than PMJAX's maximum drawdown of -50.53%. Use the drawdown chart below to compare losses from any high point for PPVIX and PMJAX.
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Drawdown Indicators
| PPVIX | PMJAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.79% | -50.53% | -14.26% |
Max Drawdown (1Y)Largest decline over 1 year | -9.21% | -7.66% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -22.89% | -26.72% | +3.83% |
Max Drawdown (5Y)Largest decline over 5 years | -22.89% | -50.53% | +27.64% |
Max Drawdown (10Y)Largest decline over 10 years | -45.87% | -50.53% | +4.66% |
Current DrawdownCurrent decline from peak | -0.59% | -1.33% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -9.62% | -16.79% | +7.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.51% | +0.08% |
Volatility
PPVIX vs. PMJAX - Volatility Comparison
Principal SmallCap Value Fund II (PPVIX) and PIMCO RAE US Small Fund Class A (PMJAX) have volatilities of 3.40% and 3.26%, 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.
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Volatility by Period
| PPVIX | PMJAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 3.26% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.28% | 11.22% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.12% | 16.82% | -0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.92% | 40.06% | -19.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.56% | 33.51% | -10.95% |
PPVIX vs. PMJAX - Expense Ratio Comparison
PPVIX has a 0.96% expense ratio, which is higher than PMJAX's 0.90% expense ratio.
Dividends
PPVIX vs. PMJAX - Dividend Comparison
PPVIX's dividend yield for the trailing twelve months is around 7.58%, more than PMJAX's 2.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMJAX PIMCO RAE US Small Fund Class A | 2.75% | 3.31% | 2.48% | 1.40% | 10.08% | 67.74% | 9.44% | 1.37% | 7.72% | 4.51% | 1.16% | 0.00% |
PPVIX Principal SmallCap Value Fund II | 7.58% | 8.88% | 20.81% | 3.11% | 11.81% | 15.05% | 0.76% | 0.88% | 26.50% | 6.37% | 5.98% | 11.97% |
Frequently Asked Questions
PPVIX and PMJAX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPVIX has higher volatility (3.40%) compared to PMJAX (3.26%). In terms of maximum drawdown, PPVIX dropped -64.79% vs PMJAX's -50.53%.
PMJAX currently has the higher Sharpe Ratio (1.94 vs 1.74), 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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