PQIAX vs. FXAIX
Compare and contrast key facts about Principal Equity Income Fund (PQIAX) and Fidelity 500 Index Fund (FXAIX).
PQIAX is managed by Principal. It was launched on May 31, 1939. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PQIAX or FXAIX.
Key characteristics
| PQIAX | FXAIX | |
|---|---|---|
| YTD Return | 16.01% | 20.78% |
| 1Y Return | 26.81% | 33.63% |
| 3Y Return (Ann) | 7.78% | 11.15% |
| 5Y Return (Ann) | 9.56% | 15.64% |
| 10Y Return (Ann) | 9.59% | 13.28% |
| Sharpe Ratio | 2.14 | 2.46 |
| Daily Std Dev | 11.59% | 12.76% |
| Max Drawdown | -54.68% | -33.79% |
| Current Drawdown | -0.25% | -0.19% |
Correlation
The correlation between PQIAX and FXAIX is 0.92, 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
PQIAX vs. FXAIX - Performance Comparison
In the year-to-date period, PQIAX achieves a 16.01% return, which is significantly lower than FXAIX's 20.78% return. Over the past 10 years, PQIAX has underperformed FXAIX with an annualized return of 9.59%, while FXAIX has yielded a comparatively higher 13.28% 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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PQIAX vs. FXAIX - Expense Ratio Comparison
PQIAX has a 0.86% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
PQIAX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Equity Income Fund (PQIAX) and Fidelity 500 Index Fund (FXAIX). 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
PQIAX vs. FXAIX - Dividend Comparison
PQIAX's dividend yield for the trailing twelve months is around 1.77%, more than FXAIX's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PQIAX Principal Equity Income Fund | 1.77% | 2.59% | 5.37% | 5.05% | 1.52% | 4.30% | 7.41% | 6.28% | 3.73% | 2.11% | 1.75% | 2.00% |
FXAIX Fidelity 500 Index Fund | 1.23% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
PQIAX vs. FXAIX - Drawdown Comparison
The maximum PQIAX drawdown since its inception was -54.68%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for PQIAX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
PQIAX vs. FXAIX - Volatility Comparison
The current volatility for Principal Equity Income Fund (PQIAX) is 3.05%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.31%. This indicates that PQIAX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.