PVMIX vs. PTEAX
Compare and contrast key facts about Principal MidCap Value Fund I (PVMIX) and Principal Tax-Exempt Bond Fund (PTEAX).
PVMIX is managed by Principal. It was launched on Dec 29, 2003. PTEAX is managed by Principal. It was launched on Jan 2, 1977.
Performance
PVMIX vs. PTEAX - Performance Comparison
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PVMIX vs. PTEAX - 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% |
PTEAX Principal Tax-Exempt Bond Fund | -1.06% | 4.68% | 2.10% | 6.35% | -12.18% | 2.71% | 4.80% | 9.05% | 0.44% | 6.44% |
Returns By Period
In the year-to-date period, PVMIX achieves a 2.86% return, which is significantly higher than PTEAX's -1.06% return. Over the past 10 years, PVMIX has outperformed PTEAX with an annualized return of 11.99%, while PTEAX has yielded a comparatively lower 1.93% annualized 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%
PTEAX
- 1D
- 0.15%
- 1M
- -2.95%
- YTD
- -1.06%
- 6M
- 0.39%
- 1Y
- 3.32%
- 3Y*
- 3.01%
- 5Y*
- 0.29%
- 10Y*
- 1.93%
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PVMIX vs. PTEAX - Expense Ratio Comparison
PVMIX has a 0.69% expense ratio, which is lower than PTEAX's 0.73% expense ratio.
Return for Risk
PVMIX vs. PTEAX — Risk / Return Rank
PVMIX
PTEAX
PVMIX vs. PTEAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Value Fund I (PVMIX) and Principal Tax-Exempt Bond Fund (PTEAX). 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 | PTEAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 0.84 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.08 | 1.14 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.81 | 0.92 | -0.11 |
Martin ratioReturn relative to average drawdown | 3.70 | 2.97 | +0.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PVMIX | PTEAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 0.84 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.07 | +0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.44 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.31 | +0.21 |
Correlation
The correlation between PVMIX and PTEAX is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PVMIX vs. PTEAX - Dividend Comparison
PVMIX's dividend yield for the trailing twelve months is around 7.02%, more than PTEAX's 3.89% 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% |
PTEAX Principal Tax-Exempt Bond Fund | 3.89% | 4.66% | 3.73% | 2.81% | 2.27% | 2.15% | 2.23% | 3.09% | 3.68% | 3.69% | 3.91% | 3.75% |
Drawdowns
PVMIX vs. PTEAX - Drawdown Comparison
The maximum PVMIX drawdown since its inception was -56.76%, which is greater than PTEAX's maximum drawdown of -38.72%. Use the drawdown chart below to compare losses from any high point for PVMIX and PTEAX.
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Drawdown Indicators
| PVMIX | PTEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.76% | -38.72% | -18.04% |
Max Drawdown (1Y)Largest decline over 1 year | -12.63% | -4.78% | -7.85% |
Max Drawdown (5Y)Largest decline over 5 years | -17.05% | -17.37% | +0.32% |
Max Drawdown (10Y)Largest decline over 10 years | -41.34% | -17.37% | -23.97% |
Current DrawdownCurrent decline from peak | -6.78% | -2.95% | -3.83% |
Average DrawdownAverage peak-to-trough decline | -6.88% | -5.95% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 1.49% | +1.27% |
Volatility
PVMIX vs. PTEAX - Volatility Comparison
Principal MidCap Value Fund I (PVMIX) has a higher volatility of 3.98% compared to Principal Tax-Exempt Bond Fund (PTEAX) at 1.01%. This indicates that PVMIX's price experiences larger fluctuations and is considered to be riskier than PTEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PVMIX | PTEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 1.01% | +2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 8.73% | 1.80% | +6.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.95% | 4.92% | +12.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.28% | 3.96% | +14.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.20% | 4.39% | +14.81% |