PSMIX vs. MAFIX
Compare and contrast key facts about Principal Global Multi-Strategy Fund (PSMIX) and Abbey Capital Multi Asset Fund Class I (MAFIX).
PSMIX is managed by Principal. It was launched on Oct 23, 2011. MAFIX is managed by Abbey Capital. It was launched on Apr 11, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSMIX or MAFIX.
Key characteristics
| PSMIX | MAFIX | |
|---|---|---|
| YTD Return | 8.66% | 9.29% |
| 1Y Return | 10.35% | 11.45% |
| 3Y Return (Ann) | 1.22% | 5.18% |
| 5Y Return (Ann) | 3.09% | 11.66% |
| Sharpe Ratio | 2.75 | 0.76 |
| Sortino Ratio | 3.86 | 1.08 |
| Omega Ratio | 1.56 | 1.15 |
| Calmar Ratio | 1.70 | 0.78 |
| Martin Ratio | 14.06 | 2.17 |
| Ulcer Index | 0.75% | 4.69% |
| Daily Std Dev | 3.85% | 13.46% |
| Max Drawdown | -15.71% | -13.28% |
| Current Drawdown | -0.18% | -5.19% |
Correlation
The correlation between PSMIX and MAFIX is 0.75, 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
PSMIX vs. MAFIX - Performance Comparison
In the year-to-date period, PSMIX achieves a 8.66% return, which is significantly lower than MAFIX's 9.29% 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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PSMIX vs. MAFIX - Expense Ratio Comparison
PSMIX has a 1.63% expense ratio, which is lower than MAFIX's 1.79% expense ratio.
Risk-Adjusted Performance
PSMIX vs. MAFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Global Multi-Strategy Fund (PSMIX) and Abbey Capital Multi Asset Fund Class I (MAFIX). 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
PSMIX vs. MAFIX - Dividend Comparison
PSMIX's dividend yield for the trailing twelve months is around 3.23%, more than MAFIX's 0.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSMIX Principal Global Multi-Strategy Fund | 3.23% | 3.51% | 5.93% | 0.61% | 1.68% | 0.00% | 1.55% | 0.78% | 0.16% | 0.84% | 0.93% | 0.30% |
MAFIX Abbey Capital Multi Asset Fund Class I | 0.91% | 0.99% | 3.84% | 3.04% | 1.64% | 10.10% | 9.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSMIX vs. MAFIX - Drawdown Comparison
The maximum PSMIX drawdown since its inception was -15.71%, which is greater than MAFIX's maximum drawdown of -13.28%. Use the drawdown chart below to compare losses from any high point for PSMIX and MAFIX. For additional features, visit the drawdowns tool.
Volatility
PSMIX vs. MAFIX - Volatility Comparison
The current volatility for Principal Global Multi-Strategy Fund (PSMIX) is 1.35%, while Abbey Capital Multi Asset Fund Class I (MAFIX) has a volatility of 4.03%. This indicates that PSMIX experiences smaller price fluctuations and is considered to be less risky than MAFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.