PSMIX vs. TMSRX
Compare and contrast key facts about Principal Global Multi-Strategy Fund (PSMIX) and T. Rowe Price Multi-Strategy Total Return Fund (TMSRX).
PSMIX is managed by Principal. It was launched on Oct 23, 2011. TMSRX is managed by T. Rowe Price. It was launched on Feb 22, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSMIX or TMSRX.
Key characteristics
| PSMIX | TMSRX | |
|---|---|---|
| YTD Return | 8.66% | 4.83% |
| 1Y Return | 10.35% | 6.33% |
| 3Y Return (Ann) | 1.22% | -0.59% |
| 5Y Return (Ann) | 3.09% | 2.21% |
| Sharpe Ratio | 2.75 | 2.31 |
| Sortino Ratio | 3.86 | 3.39 |
| Omega Ratio | 1.56 | 1.47 |
| Calmar Ratio | 1.70 | 0.72 |
| Martin Ratio | 14.06 | 8.94 |
| Ulcer Index | 0.75% | 0.70% |
| Daily Std Dev | 3.85% | 2.69% |
| Max Drawdown | -15.71% | -12.76% |
| Current Drawdown | -0.18% | -2.85% |
Correlation
The correlation between PSMIX and TMSRX is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PSMIX vs. TMSRX - Performance Comparison
In the year-to-date period, PSMIX achieves a 8.66% return, which is significantly higher than TMSRX's 4.83% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PSMIX vs. TMSRX - Expense Ratio Comparison
PSMIX has a 1.63% expense ratio, which is higher than TMSRX's 1.19% expense ratio.
Risk-Adjusted Performance
PSMIX vs. TMSRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Global Multi-Strategy Fund (PSMIX) and T. Rowe Price Multi-Strategy Total Return Fund (TMSRX). 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. TMSRX - Dividend Comparison
PSMIX's dividend yield for the trailing twelve months is around 3.23%, less than TMSRX's 5.68% 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% |
TMSRX T. Rowe Price Multi-Strategy Total Return Fund | 5.68% | 5.95% | 1.49% | 0.50% | 0.85% | 2.59% | 1.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSMIX vs. TMSRX - Drawdown Comparison
The maximum PSMIX drawdown since its inception was -15.71%, which is greater than TMSRX's maximum drawdown of -12.76%. Use the drawdown chart below to compare losses from any high point for PSMIX and TMSRX. For additional features, visit the drawdowns tool.
Volatility
PSMIX vs. TMSRX - Volatility Comparison
Principal Global Multi-Strategy Fund (PSMIX) has a higher volatility of 1.35% compared to T. Rowe Price Multi-Strategy Total Return Fund (TMSRX) at 0.67%. This indicates that PSMIX's price experiences larger fluctuations and is considered to be riskier than TMSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.