PSSMX vs. FISVX

Last updated Aug 1, 2026

PSSMX (Principal SmallCap S&P 600 Index Fund) and FISVX (Fidelity Small Cap Value Index Fund) are both mutual funds - PSSMX is a Small Cap Blend Equities fund managed by Principal, while FISVX is a Small Cap Value Equities fund tracking the Russell 2000 Value Index. Over the past 5 years, PSSMX returned 8.35%/yr vs 9.16%/yr for FISVX. Their 0.97 correlation means they have historically moved very closely together. PSSMX charges 0.73%/yr vs 0.05%/yr for FISVX.

Performance

PSSMX vs. FISVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal SmallCap S&P 600 Index Fund (PSSMX) and Fidelity Small Cap Value Index Fund (FISVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSSMX achieves a 21.15% return, which is significantly lower than FISVX's 23.30% return.

PSSMX

• 1D: 0.85%
• 1M: -0.64%
• 6M: 14.80%
• YTD: 21.15%
• 1Y: 35.09%
• 3Y*: 15.43%
• 5Y*: 8.35%
• 10Y*: 10.79%
• ALL TIME*: 9.60%

FISVX

• 1D: 0.09%
• 1M: 0.32%
• 6M: 15.40%
• YTD: 23.30%
• 1Y: 43.97%
• 3Y*: 16.04%
• 5Y*: 9.16%
• 10Y*: —
• ALL TIME*: 11.61%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FISVX Fidelity Small Cap Value Index Fund	$0.00	$0.00	$0.00
PSSMX Principal SmallCap S&P 600 Index Fund	$0.00	$0.00	$0.00

PSSMX vs. FISVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PSSMX Principal SmallCap S&P 600 Index Fund	21.15%	5.34%	16.60%	15.18%	-16.69%	25.39%	10.65%	8.19%
FISVX Fidelity Small Cap Value Index Fund	23.30%	12.70%	8.16%	14.72%	-14.42%	28.26%	4.49%	9.54%

Correlation

The correlation between PSSMX and FISVX is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019	0.97

The correlation between PSSMX and FISVX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

PSSMX vs. FISVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PSSMX

PSSMX Risk / Return Rank: 82
PSSMX Sharpe Ratio Rank: 77
PSSMX Sortino Ratio Rank: 78
PSSMX Omega Ratio Rank: 72
PSSMX Calmar Ratio Rank: 92
PSSMX Martin Ratio Rank: 90

FISVX

FISVX Risk / Return Rank: 91
FISVX Sharpe Ratio Rank: 90
FISVX Sortino Ratio Rank: 88
FISVX Omega Ratio Rank: 83
FISVX Calmar Ratio Rank: 96
FISVX Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PSSMX vs. FISVX - Risk-Adjusted Trends 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.

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.

	PSSMX	FISVX	Difference
Sharpe ratio: Return per unit of total volatility	1.81	2.25	-0.45
Sortino ratio: Return per unit of downside risk	2.68	3.22	-0.54
Omega ratio: Gain probability vs. loss probability	1.32	1.39	-0.08
Calmar ratio: Return relative to maximum drawdown	3.59	4.64	-1.04
Martin ratio: Return relative to average drawdown	12.27	16.78	-4.51

PSSMX vs. FISVX - Sharpe Ratio Comparison

The current PSSMX Sharpe Ratio is 1.81, which is comparable to the FISVX Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of PSSMX and FISVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	PSSMX	FISVX	Difference
Max Drawdown Largest peak-to-trough decline	-58.43%	-44.66%	-13.77%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-8.54%	-0.22%
Max Drawdown (3Y) Largest decline over 3 years	-24.30%	-26.50%	+2.20%
Max Drawdown (5Y) Largest decline over 5 years	-27.01%	-26.50%	-0.51%
Max Drawdown (10Y) Largest decline over 10 years	-44.85%	—	—
Current Drawdown Current decline from peak	-1.87%	-0.97%	-0.90%
Average Drawdown Average peak-to-trough decline	-9.47%	-10.12%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	2.36%	+0.21%

Volatility

PSSMX vs. FISVX - Volatility Comparison

Principal SmallCap S&P 600 Index Fund (PSSMX) has a higher volatility of 3.47% compared to Fidelity Small Cap Value Index Fund (FISVX) at 3.16%. 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.

Volatility by Period

	PSSMX	FISVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	3.16%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	11.69%	12.00%	-0.31%
Volatility (1Y) Calculated over the trailing 1-year period	17.41%	17.61%	-0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.62%	21.52%	+0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.86%	26.52%	-3.66%

PSSMX vs. FISVX - Expense Ratio Comparison

PSSMX has a 0.73% expense ratio, which is higher than FISVX's 0.05% expense ratio.

Dividends

PSSMX vs. FISVX - Dividend Comparison

PSSMX's dividend yield for the trailing twelve months is around 8.24%, more than FISVX's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FISVX Fidelity Small Cap Value Index Fund	1.77%	2.18%	1.70%	2.06%	3.69%	9.55%	1.33%	0.62%	0.00%	0.00%	0.00%	0.00%
PSSMX Principal SmallCap S&P 600 Index Fund	8.24%	9.98%	15.91%	3.75%	10.45%	8.23%	1.67%	6.56%	13.08%	6.03%	6.15%	8.07%

Frequently Asked Questions

Can I hold both PSSMX and FISVX in my portfolio?

With a correlation of 0.95, PSSMX and FISVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PSSMX or FISVX?

PSSMX has higher volatility (3.47%) compared to FISVX (3.16%). In terms of maximum drawdown, PSSMX dropped -58.43% vs FISVX's -44.66%.

Which has better risk-adjusted returns?

FISVX currently has the higher Sharpe Ratio (2.25 vs 1.81), 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.