PRERX vs. PCBIX
PRERX (Principal Real Estate Securities Fund) and PCBIX (Principal MidCap Fund Institutional Class) are both mutual funds - PRERX is a REIT fund managed by Principal, while PCBIX is a Mid Cap Growth Equities fund managed by Principal. Over the past 10 years, PRERX returned 6.12%/yr vs 12.24%/yr for PCBIX. A 0.65 correlation means they provide meaningful diversification when combined. PRERX charges 1.37%/yr vs 0.67%/yr for PCBIX.
Performance
PRERX vs. PCBIX - Performance Comparison
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Returns By Period
In the year-to-date period, PRERX achieves a 14.23% return, which is significantly higher than PCBIX's -7.10% return. Over the past 10 years, PRERX has underperformed PCBIX with an annualized return of 6.12%, while PCBIX has yielded a comparatively higher 12.24% annualized return.
PRERX
- 1D
- 1.40%
- 1M
- 0.65%
- YTD
- 14.23%
- 6M
- 13.93%
- 1Y
- 10.25%
- 3Y*
- 10.90%
- 5Y*
- 3.19%
- 10Y*
- 6.12%
PCBIX
- 1D
- -0.20%
- 1M
- 2.50%
- YTD
- -7.10%
- 6M
- -8.62%
- 1Y
- -9.88%
- 3Y*
- 9.58%
- 5Y*
- 4.53%
- 10Y*
- 12.24%
PRERX vs. PCBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRERX Principal Real Estate Securities Fund | 14.23% | 0.69% | 4.93% | 12.74% | -25.59% | 38.94% | -3.75% | 30.47% | -4.77% | 8.49% |
PCBIX Principal MidCap Fund Institutional Class | -7.10% | 1.62% | 23.63% | 25.92% | -23.16% | 25.22% | 18.25% | 49.40% | -6.86% | 25.32% |
Correlation
The correlation between PRERX and PCBIX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2001 | 0.65 |
Over the past year, the correlation between PRERX and PCBIX has dropped to 0.44 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
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Return for Risk
PRERX vs. PCBIX — Risk / Return Rank
PRERX
PCBIX
PRERX vs. PCBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Real Estate Securities Fund (PRERX) and Principal MidCap Fund Institutional Class (PCBIX). 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.
| PRERX | PCBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.91 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | -0.47 | +1.88 |
| Martin ratioReturn relative to average drawdown | 3.67 | -0.99 | +4.66 |
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Drawdowns
PRERX vs. PCBIX - Drawdown Comparison
The maximum PRERX drawdown since its inception was -70.21%, which is greater than PCBIX's maximum drawdown of -50.25%. Use the drawdown chart below to compare losses from any high point for PRERX and PCBIX.
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Drawdown Indicators
| PRERX | PCBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.21% | -50.25% | -19.96% |
Max Drawdown (1Y)Largest decline over 1 year | -7.46% | -19.29% | +11.83% |
Max Drawdown (3Y)Largest decline over 3 years | -15.93% | -19.29% | +3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -31.45% | -31.17% | -0.28% |
Max Drawdown (10Y)Largest decline over 10 years | -41.25% | -40.56% | -0.69% |
Current DrawdownCurrent decline from peak | -0.30% | -13.17% | +12.87% |
Average DrawdownAverage peak-to-trough decline | -11.65% | -6.57% | -5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 9.20% | -6.34% |
Volatility
PRERX vs. PCBIX - Volatility Comparison
Principal Real Estate Securities Fund (PRERX) has a higher volatility of 5.03% compared to Principal MidCap Fund Institutional Class (PCBIX) at 4.42%. This indicates that PRERX's price experiences larger fluctuations and is considered to be riskier than PCBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRERX | PCBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 4.42% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 11.64% | -1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.36% | 14.64% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.42% | 18.69% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.72% | 19.14% | +0.58% |
PRERX vs. PCBIX - Expense Ratio Comparison
PRERX has a 1.37% expense ratio, which is higher than PCBIX's 0.67% expense ratio.
Dividends
PRERX vs. PCBIX - Dividend Comparison
PRERX's dividend yield for the trailing twelve months is around 1.82%, less than PCBIX's 6.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCBIX Principal MidCap Fund Institutional Class | 6.26% | 5.81% | 6.40% | 2.51% | 3.18% | 7.96% | 1.08% | 9.02% | 12.24% | 3.31% | 2.49% | 6.30% |
PRERX Principal Real Estate Securities Fund | 1.82% | 2.23% | 3.79% | 2.28% | 3.07% | 3.90% | 2.28% | 2.66% | 3.78% | 3.24% | 4.02% | 6.62% |
Frequently Asked Questions
PRERX and PCBIX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRERX has higher volatility (5.03%) compared to PCBIX (4.42%). In terms of maximum drawdown, PRERX dropped -70.21% vs PCBIX's -50.25%.
PRERX currently has the higher Sharpe Ratio (0.79 vs -0.63), 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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