Correlation
The correlation between PVMIX and FDRR is 0.83, 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.
PVMIX vs. FDRR
Compare and contrast key facts about Principal MidCap Value Fund I (PVMIX) and Fidelity Dividend ETF for Rising Rates (FDRR).
PVMIX is managed by Principal. It was launched on Dec 29, 2003. FDRR is a passively managed fund by Fidelity that tracks the performance of the Fidelity Dividend Index for Rising Rates. It was launched on Sep 12, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PVMIX or FDRR.
Performance
PVMIX vs. FDRR - Performance Comparison
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Key characteristics
PVMIX:
0.30
FDRR:
0.67
PVMIX:
0.52
FDRR:
1.02
PVMIX:
1.07
FDRR:
1.15
PVMIX:
0.25
FDRR:
0.64
PVMIX:
0.83
FDRR:
2.53
PVMIX:
5.84%
FDRR:
4.59%
PVMIX:
17.42%
FDRR:
18.36%
PVMIX:
-56.76%
FDRR:
-36.52%
PVMIX:
-7.68%
FDRR:
-3.97%
Returns By Period
In the year-to-date period, PVMIX achieves a -0.71% return, which is significantly lower than FDRR's 0.89% return.
PVMIX
-0.71%
3.70%
-7.58%
3.76%
6.20%
14.02%
8.04%
FDRR
0.89%
5.67%
-2.63%
11.37%
9.83%
14.11%
N/A
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PVMIX vs. FDRR - Expense Ratio Comparison
PVMIX has a 0.69% expense ratio, which is higher than FDRR's 0.29% expense ratio.
Risk-Adjusted Performance
PVMIX vs. FDRR — Risk-Adjusted Performance Rank
PVMIX
FDRR
PVMIX vs. FDRR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Value Fund I (PVMIX) and Fidelity Dividend ETF for Rising Rates (FDRR). 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
PVMIX vs. FDRR - Dividend Comparison
PVMIX's dividend yield for the trailing twelve months is around 17.90%, more than FDRR's 2.62% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PVMIX Principal MidCap Value Fund I | 17.90% | 17.78% | 4.63% | 7.12% | 11.44% | 1.38% | 5.12% | 13.23% | 6.92% | 1.58% | 11.19% | 14.57% |
FDRR Fidelity Dividend ETF for Rising Rates | 2.62% | 2.61% | 2.93% | 2.75% | 2.09% | 2.85% | 2.89% | 3.20% | 2.89% | 0.61% | 0.00% | 0.00% |
Drawdowns
PVMIX vs. FDRR - Drawdown Comparison
The maximum PVMIX drawdown since its inception was -56.76%, which is greater than FDRR's maximum drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for PVMIX and FDRR.
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Volatility
PVMIX vs. FDRR - Volatility Comparison
Principal MidCap Value Fund I (PVMIX) and Fidelity Dividend ETF for Rising Rates (FDRR) have volatilities of 4.57% and 4.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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