PRERX vs. PMDIX

Last updated Apr 1, 2026

Compare and contrast key facts about Principal Real Estate Securities Fund (PRERX) and Principal Small-MidCap Dividend Income Fund (PMDIX).

PRERX is managed by Principal. It was launched on Dec 6, 2000. PMDIX is managed by Principal. It was launched on Jun 6, 2011.

Performance

PRERX vs. PMDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Real Estate Securities Fund (PRERX) and Principal Small-MidCap Dividend Income Fund (PMDIX). The values are adjusted to include any dividend payments, if applicable.

PRERX vs. PMDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRERX Principal Real Estate Securities Fund	1.70%	0.69%	4.93%	12.74%	-25.59%	38.94%	-3.75%	30.47%	-4.77%	8.49%
PMDIX Principal Small-MidCap Dividend Income Fund	3.96%	8.63%	14.56%	18.81%	-11.66%	30.41%	-6.40%	25.38%	-13.80%	13.30%

Returns By Period

In the year-to-date period, PRERX achieves a 1.70% return, which is significantly lower than PMDIX's 3.96% return. Over the past 10 years, PRERX has underperformed PMDIX with an annualized return of 5.01%, while PMDIX has yielded a comparatively higher 9.66% annualized return.

PRERX

• 1D: 0.26%
• 1M: -7.12%
• YTD: 1.70%
• 6M: -0.87%
• 1Y: -1.15%
• 3Y*: 5.52%
• 5Y*: 3.22%
• 10Y*: 5.01%

PMDIX

• 1D: 2.48%
• 1M: -6.90%
• YTD: 3.96%
• 6M: 5.50%
• 1Y: 16.99%
• 3Y*: 14.59%
• 5Y*: 8.88%
• 10Y*: 9.66%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRERX vs. PMDIX - Expense Ratio Comparison

PRERX has a 1.37% expense ratio, which is higher than PMDIX's 0.85% expense ratio.

PRERX

Principal Real Estate Securities Fund

PMDIX

Principal Small-MidCap Dividend Income Fund

Return for Risk

PRERX vs. PMDIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRERX

PRERX Risk / Return Rank: 5
PRERX Sharpe Ratio Rank: 5
PRERX Sortino Ratio Rank: 5
PRERX Omega Ratio Rank: 5
PRERX Calmar Ratio Rank: 6
PRERX Martin Ratio Rank: 6

PMDIX

PMDIX Risk / Return Rank: 36
PMDIX Sharpe Ratio Rank: 34
PMDIX Sortino Ratio Rank: 36
PMDIX Omega Ratio Rank: 36
PMDIX Calmar Ratio Rank: 37
PMDIX Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRERX vs. PMDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Real Estate Securities Fund (PRERX) and Principal Small-MidCap Dividend Income Fund (PMDIX). 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.

	PRERX	PMDIX	Difference
Sharpe ratio Return per unit of total volatility	-0.01	0.83	-0.84
Sortino ratio Return per unit of downside risk	0.09	1.28	-1.19
Omega ratio Gain probability vs. loss probability	1.01	1.18	-0.17
Calmar ratio Return relative to maximum drawdown	-0.01	1.10	-1.11
Martin ratio Return relative to average drawdown	-0.03	4.45	-4.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRERX vs. PMDIX - Sharpe Ratio Comparison

The current PRERX Sharpe Ratio is -0.01, which is lower than the PMDIX Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of PRERX and PMDIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PRERX	PMDIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.01	0.83	-0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.48	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	0.48	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.53	-0.18

Correlation

The correlation between PRERX and PMDIX is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PRERX vs. PMDIX - Dividend Comparison

PRERX's dividend yield for the trailing twelve months is around 2.14%, less than PMDIX's 3.07% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRERX Principal Real Estate Securities Fund	2.14%	2.23%	3.79%	2.28%	3.07%	3.90%	2.28%	2.66%	3.78%	3.24%	4.02%	6.62%
PMDIX Principal Small-MidCap Dividend Income Fund	3.07%	3.14%	7.99%	2.37%	6.95%	0.98%	1.37%	2.82%	17.83%	5.77%	2.84%	4.78%

Drawdowns

PRERX vs. PMDIX - Drawdown Comparison

The maximum PRERX drawdown since its inception was -70.21%, which is greater than PMDIX's maximum drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for PRERX and PMDIX.

Drawdown Indicators

	PRERX	PMDIX	Difference
Max Drawdown Largest peak-to-trough decline	-70.21%	-46.47%	-23.74%
Max Drawdown (1Y) Largest decline over 1 year	-11.57%	-14.51%	+2.94%
Max Drawdown (5Y) Largest decline over 5 years	-31.45%	-21.36%	-10.09%
Max Drawdown (10Y) Largest decline over 10 years	-41.25%	-46.47%	+5.22%
Current Drawdown Current decline from peak	-9.86%	-8.33%	-1.53%
Average Drawdown Average peak-to-trough decline	-11.74%	-5.33%	-6.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	3.58%	-0.40%

Volatility

PRERX vs. PMDIX - Volatility Comparison

The current volatility for Principal Real Estate Securities Fund (PRERX) is 4.04%, while Principal Small-MidCap Dividend Income Fund (PMDIX) has a volatility of 5.67%. This indicates that PRERX experiences smaller price fluctuations and is considered to be less risky than PMDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRERX	PMDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	5.67%	-1.63%
Volatility (6M) Calculated over the trailing 6-month period	8.98%	11.08%	-2.10%
Volatility (1Y) Calculated over the trailing 1-year period	15.59%	20.70%	-5.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.38%	18.79%	-0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.68%	20.23%	-0.55%