Correlation
The correlation between PSSMX and FISVX is 0.76, 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.
PSSMX vs. FISVX
Compare and contrast key facts about Principal SmallCap S&P 600 Index Fund (PSSMX) and Fidelity Small Cap Value Index Fund (FISVX).
PSSMX is managed by Principal. It was launched on Dec 6, 2000. FISVX is managed by Fidelity. It was launched on Jul 11, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSSMX or FISVX.
Performance
PSSMX vs. FISVX - Performance Comparison
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Key characteristics
PSSMX:
-0.06
FISVX:
0.00
PSSMX:
0.09
FISVX:
0.16
PSSMX:
1.01
FISVX:
1.02
PSSMX:
-0.05
FISVX:
-0.01
PSSMX:
-0.14
FISVX:
-0.02
PSSMX:
10.33%
FISVX:
9.90%
PSSMX:
24.40%
FISVX:
23.92%
PSSMX:
-58.43%
FISVX:
-44.66%
PSSMX:
-16.48%
FISVX:
-15.86%
Returns By Period
In the year-to-date period, PSSMX achieves a -8.47% return, which is significantly lower than FISVX's -7.70% return.
PSSMX
-8.47%
5.14%
-15.86%
-1.49%
2.38%
10.70%
6.78%
FISVX
-7.70%
4.19%
-15.32%
0.05%
1.66%
9.96%
N/A
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PSSMX vs. FISVX - Expense Ratio Comparison
PSSMX has a 0.73% expense ratio, which is higher than FISVX's 0.05% expense ratio.
Risk-Adjusted Performance
PSSMX vs. FISVX — Risk-Adjusted Performance Rank
PSSMX
FISVX
PSSMX vs. FISVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal SmallCap S&P 600 Index Fund (PSSMX) and Fidelity Small Cap Value Index Fund (FISVX). 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.
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Dividends
PSSMX vs. FISVX - Dividend Comparison
PSSMX's dividend yield for the trailing twelve months is around 9.10%, more than FISVX's 1.84% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSSMX Principal SmallCap S&P 600 Index Fund | 9.10% | 8.33% | 3.75% | 10.45% | 8.23% | 1.68% | 6.56% | 13.08% | 6.03% | 6.15% | 8.07% | 7.38% |
FISVX Fidelity Small Cap Value Index Fund | 1.84% | 1.70% | 2.06% | 3.69% | 9.55% | 1.33% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSSMX vs. FISVX - Drawdown Comparison
The maximum PSSMX drawdown since its inception was -58.43%, which is greater than FISVX's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for PSSMX and FISVX.
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Volatility
PSSMX vs. FISVX - Volatility Comparison
Principal SmallCap S&P 600 Index Fund (PSSMX) has a higher volatility of 6.60% compared to Fidelity Small Cap Value Index Fund (FISVX) at 6.26%. This indicates that PSSMX's price experiences larger fluctuations and is considered to be riskier than FISVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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