PVMIX vs. PCBIX
PVMIX (Principal MidCap Value Fund I) and PCBIX (Principal MidCap Fund Institutional Class) are both mutual funds - PVMIX is a Mid Cap Value Equities fund managed by Principal, while PCBIX is a Mid Cap Growth Equities fund managed by Principal. Over the past 10 years, PVMIX returned 12.72%/yr vs 11.82%/yr for PCBIX. Their correlation of 0.91 means they have usually moved in the same direction. PVMIX charges 0.69%/yr vs 0.67%/yr for PCBIX.
Performance
PVMIX vs. PCBIX - Performance Comparison
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Returns By Period
In the year-to-date period, PVMIX achieves a 15.94% return, which is significantly higher than PCBIX's -3.74% return. Over the past 10 years, PVMIX has outperformed PCBIX with an annualized return of 12.72%, while PCBIX has yielded a comparatively lower 11.82% annualized return.
PVMIX
- 1D
- -0.17%
- 1M
- 1.02%
- 6M
- 10.20%
- YTD
- 15.94%
- 1Y
- 21.13%
- 3Y*
- 19.00%
- 5Y*
- 12.66%
- 10Y*
- 12.72%
- ALL TIME*
- 10.81%
PCBIX
- 1D
- -1.39%
- 1M
- -0.60%
- 6M
- -3.13%
- YTD
- -3.74%
- 1Y
- -7.35%
- 3Y*
- 9.29%
- 5Y*
- 4.47%
- 10Y*
- 11.82%
- ALL TIME*
- 10.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PVMIX vs. PCBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PVMIX Principal MidCap Value Fund I | 15.94% | 6.09% | 33.38% | 11.04% | -5.95% | 30.97% | 6.50% | 26.69% | -11.07% | 14.63% |
PCBIX Principal MidCap Fund Institutional Class | -3.74% | 1.62% | 23.63% | 25.92% | -23.16% | 25.22% | 18.25% | 49.40% | -6.86% | 25.32% |
Correlation
The correlation between PVMIX and PCBIX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2003 | 0.91 |
The correlation between PVMIX and PCBIX shifts across timeframes, from 0.72 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PVMIX vs. PCBIX — Risk / Return Rank
PVMIX
PCBIX
PVMIX vs. PCBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Value Fund I (PVMIX) and Principal MidCap Fund Institutional Class (PCBIX). 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.
| PVMIX | PCBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.28 | ||
| Sortino ratioReturn per unit of downside risk | +3.28 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.91 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | -0.48 | +3.14 |
| Martin ratioReturn relative to average drawdown | 9.59 | -0.94 | +10.53 |
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Drawdowns
PVMIX vs. PCBIX - Drawdown Comparison
The maximum PVMIX drawdown since its inception was -56.76%, which is greater than PCBIX's maximum drawdown of -50.25%. Use the drawdown chart below to compare losses from any high point for PVMIX and PCBIX.
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Drawdown Indicators
| PVMIX | PCBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.76% | -50.25% | -6.51% |
Max Drawdown (1Y)Largest decline over 1 year | -7.37% | -19.29% | +11.92% |
Max Drawdown (3Y)Largest decline over 3 years | -16.78% | -19.29% | +2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -17.05% | -31.17% | +14.12% |
Max Drawdown (10Y)Largest decline over 10 years | -41.34% | -40.56% | -0.78% |
Current DrawdownCurrent decline from peak | -1.00% | -10.03% | +9.03% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -6.58% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 9.82% | -7.78% |
Volatility
PVMIX vs. PCBIX - Volatility Comparison
The current volatility for Principal MidCap Value Fund I (PVMIX) is 2.19%, while Principal MidCap Fund Institutional Class (PCBIX) has a volatility of 5.19%. This indicates that PVMIX experiences smaller price fluctuations and is considered to be less risky than PCBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PVMIX | PCBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 5.19% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 8.38% | 12.00% | -3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.80% | 15.15% | -3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.10% | 18.75% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 19.14% | -0.01% |
PVMIX vs. PCBIX - Expense Ratio Comparison
PVMIX has a 0.69% expense ratio, which is higher than PCBIX's 0.67% expense ratio.
Dividends
PVMIX vs. PCBIX - Dividend Comparison
PVMIX's dividend yield for the trailing twelve months is around 6.23%, more than PCBIX's 6.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCBIX Principal MidCap Fund Institutional Class | 6.04% | 5.81% | 6.40% | 2.51% | 3.18% | 7.96% | 1.08% | 9.02% | 12.24% | 3.31% | 2.49% | 6.30% |
PVMIX Principal MidCap Value Fund I | 6.23% | 7.22% | 33.98% | 4.63% | 7.12% | 11.44% | 1.38% | 5.11% | 13.23% | 6.92% | 1.58% | 11.19% |
Frequently Asked Questions
PVMIX and PCBIX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCBIX has higher volatility (5.19%) compared to PVMIX (2.19%). In terms of maximum drawdown, PVMIX dropped -56.76% vs PCBIX's -50.25%.
PVMIX currently has the higher Sharpe Ratio (1.67 vs -0.61), 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.
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