PQIAX vs. VEIRX
PQIAX (Principal Equity Income Fund) and VEIRX (Vanguard Equity Income Fund Admiral Shares) are both Dividend funds. Over the past 10 years, PQIAX returned 12.49%/yr vs 11.82%/yr for VEIRX. Their 0.96 correlation means they have historically moved very closely together. PQIAX charges 0.86%/yr vs 0.19%/yr for VEIRX.
Performance
PQIAX vs. VEIRX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PQIAX achieves a 12.73% return, which is significantly higher than VEIRX's 11.87% return. Over the past 10 years, PQIAX has outperformed VEIRX with an annualized return of 12.49%, while VEIRX has yielded a comparatively lower 11.82% annualized return.
PQIAX
- 1D
- 0.48%
- 1M
- 1.55%
- 6M
- 8.92%
- YTD
- 12.73%
- 1Y
- 23.38%
- 3Y*
- 19.10%
- 5Y*
- 11.48%
- 10Y*
- 12.49%
- ALL TIME*
- 6.33%
VEIRX
- 1D
- 0.21%
- 1M
- 1.92%
- 6M
- 8.20%
- YTD
- 11.87%
- 1Y
- 23.32%
- 3Y*
- 15.56%
- 5Y*
- 11.73%
- 10Y*
- 11.82%
- ALL TIME*
- 9.07%
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 |
PQIAX vs. VEIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PQIAX Principal Equity Income Fund | 12.73% | 15.29% | 26.56% | 10.77% | -10.82% | 21.88% | 6.12% | 28.44% | -5.44% | 20.53% |
VEIRX Vanguard Equity Income Fund Admiral Shares | 11.87% | 17.25% | 14.91% | 7.76% | -0.08% | 25.49% | 3.08% | 25.34% | -5.68% | 17.68% |
Correlation
The correlation between PQIAX and VEIRX is 0.89, 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. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 13, 2001 | 0.96 |
The correlation between PQIAX and VEIRX has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PQIAX vs. VEIRX — Risk / Return Rank
PQIAX
VEIRX
PQIAX vs. VEIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Equity Income Fund (PQIAX) and Vanguard Equity Income Fund Admiral Shares (VEIRX). 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.
| PQIAX | VEIRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 2.91 | +0.10 |
| Martin ratioReturn relative to average drawdown | 12.01 | 10.99 | +1.02 |
Loading charts...
Drawdowns
PQIAX vs. VEIRX - Drawdown Comparison
The maximum PQIAX drawdown since its inception was -54.68%, roughly equal to the maximum VEIRX drawdown of -54.02%. Use the drawdown chart below to compare losses from any high point for PQIAX and VEIRX.
Loading charts...
Drawdown Indicators
| PQIAX | VEIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.68% | -54.02% | -0.66% |
Max Drawdown (1Y)Largest decline over 1 year | -7.07% | -7.13% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -15.47% | -13.36% | -2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -21.22% | -15.12% | -6.10% |
Max Drawdown (10Y)Largest decline over 10 years | -37.67% | -35.26% | -2.41% |
Current DrawdownCurrent decline from peak | -0.80% | -0.85% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -6.99% | -6.46% | -0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 1.90% | -0.13% |
Volatility
PQIAX vs. VEIRX - Volatility Comparison
Principal Equity Income Fund (PQIAX) has a higher volatility of 3.02% compared to Vanguard Equity Income Fund Admiral Shares (VEIRX) at 2.57%. This indicates that PQIAX's price experiences larger fluctuations and is considered to be riskier than VEIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PQIAX | VEIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.02% | 2.57% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 7.87% | 7.39% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.75% | 10.28% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 13.84% | +1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.35% | 16.25% | +0.10% |
PQIAX vs. VEIRX - Expense Ratio Comparison
PQIAX has a 0.86% expense ratio, which is higher than VEIRX's 0.19% expense ratio.
Dividends
PQIAX vs. VEIRX - Dividend Comparison
PQIAX's dividend yield for the trailing twelve months is around 8.90%, less than VEIRX's 9.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PQIAX Principal Equity Income Fund | 8.90% | 9.92% | 20.62% | 2.58% | 5.37% | 5.05% | 1.52% | 4.30% | 7.41% | 6.28% | 3.73% | 2.11% |
VEIRX Vanguard Equity Income Fund Admiral Shares | 9.92% | 11.03% | 9.83% | 7.96% | 8.79% | 7.71% | 2.86% | 4.45% | 10.98% | 3.04% | 3.87% | 6.48% |
Frequently Asked Questions
PQIAX and VEIRX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PQIAX has higher volatility (3.02%) compared to VEIRX (2.57%). In terms of maximum drawdown, PQIAX dropped -54.68% vs VEIRX's -54.02%.
VEIRX currently has the higher Sharpe Ratio (2.02 vs 1.99), 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.
Find the right allocation for PQIAX and VEIRX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer