PVMIX vs. FDRR

Last updated Apr 1, 2026

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.

Performance

PVMIX vs. FDRR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal MidCap Value Fund I (PVMIX) and Fidelity Dividend ETF for Rising Rates (FDRR). The values are adjusted to include any dividend payments, if applicable.

PVMIX vs. FDRR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PVMIX Principal MidCap Value Fund I	2.86%	6.09%	33.38%	11.04%	-5.95%	30.97%	6.50%	26.69%	-11.07%	14.63%
FDRR Fidelity Dividend ETF for Rising Rates	-3.06%	21.70%	20.24%	13.66%	-9.73%	26.06%	8.23%	26.86%	-3.60%	19.29%

Returns By Period

In the year-to-date period, PVMIX achieves a 2.86% return, which is significantly higher than FDRR's -3.06% return.

PVMIX

• 1D: -0.38%
• 1M: -6.51%
• YTD: 2.86%
• 6M: 2.78%
• 1Y: 10.99%
• 3Y*: 16.70%
• 5Y*: 11.48%
• 10Y*: 11.99%

FDRR

• 1D: 2.44%
• 1M: -4.38%
• YTD: -3.06%
• 6M: 1.46%
• 1Y: 20.64%
• 3Y*: 16.11%
• 5Y*: 10.65%
• 10Y*: —

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

PVMIX vs. FDRR - Expense Ratio Comparison

PVMIX has a 0.69% expense ratio, which is higher than FDRR's 0.29% expense ratio.

PVMIX

Principal MidCap Value Fund I

FDRR

Fidelity Dividend ETF for Rising Rates

Return for Risk

PVMIX vs. FDRR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PVMIX

PVMIX Risk / Return Rank: 30
PVMIX Sharpe Ratio Rank: 29
PVMIX Sortino Ratio Rank: 29
PVMIX Omega Ratio Rank: 30
PVMIX Calmar Ratio Rank: 28
PVMIX Martin Ratio Rank: 34

FDRR

FDRR Risk / Return Rank: 74
FDRR Sharpe Ratio Rank: 71
FDRR Sortino Ratio Rank: 74
FDRR Omega Ratio Rank: 77
FDRR Calmar Ratio Rank: 70
FDRR Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PVMIX vs. FDRR - Risk-Adjusted Trends 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.

	PVMIX	FDRR	Difference
Sharpe ratio Return per unit of total volatility	0.70	1.20	-0.50
Sortino ratio Return per unit of downside risk	1.08	1.79	-0.71
Omega ratio Gain probability vs. loss probability	1.16	1.28	-0.12
Calmar ratio Return relative to maximum drawdown	0.81	1.70	-0.89
Martin ratio Return relative to average drawdown	3.70	7.89	-4.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PVMIX vs. FDRR - Sharpe Ratio Comparison

The current PVMIX Sharpe Ratio is 0.70, which is lower than the FDRR Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of PVMIX and FDRR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PVMIX	FDRR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	1.20	-0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.71	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.74	-0.22

Correlation

The correlation between PVMIX and FDRR is 0.86, 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.

Dividends

PVMIX vs. FDRR - Dividend Comparison

PVMIX's dividend yield for the trailing twelve months is around 7.02%, more than FDRR's 2.38% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PVMIX Principal MidCap Value Fund I	7.02%	7.22%	33.98%	4.63%	7.12%	11.44%	1.38%	5.11%	13.23%	6.92%	1.58%	11.19%
FDRR Fidelity Dividend ETF for Rising Rates	2.38%	2.21%	2.61%	2.93%	2.75%	2.09%	2.85%	2.89%	3.20%	2.89%	0.61%	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.

Drawdown Indicators

	PVMIX	FDRR	Difference
Max Drawdown Largest peak-to-trough decline	-56.76%	-36.52%	-20.24%
Max Drawdown (1Y) Largest decline over 1 year	-12.63%	-12.55%	-0.08%
Max Drawdown (5Y) Largest decline over 5 years	-17.05%	-20.92%	+3.87%
Max Drawdown (10Y) Largest decline over 10 years	-41.34%	—	—
Current Drawdown Current decline from peak	-6.78%	-6.20%	-0.58%
Average Drawdown Average peak-to-trough decline	-6.88%	-4.06%	-2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	2.70%	+0.06%

Volatility

PVMIX vs. FDRR - Volatility Comparison

The current volatility for Principal MidCap Value Fund I (PVMIX) is 3.98%, while Fidelity Dividend ETF for Rising Rates (FDRR) has a volatility of 4.74%. This indicates that PVMIX experiences smaller price fluctuations and is considered to be less risky than FDRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PVMIX	FDRR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	4.74%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	8.73%	8.60%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	16.95%	17.25%	-0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.28%	14.98%	+3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.20%	16.96%	+2.24%