PVMIX vs. VMVIX
PVMIX (Principal MidCap Value Fund I) and VMVIX (Vanguard Mid-Cap Value Index Fund) are both Mid Cap Value Equities funds. Over the past 10 years, PVMIX returned 12.71%/yr vs 10.52%/yr for VMVIX. Their 0.97 correlation means they have historically moved very closely together. PVMIX charges 0.69%/yr vs 0.19%/yr for VMVIX.
Performance
PVMIX vs. VMVIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PVMIX having a 16.66% return and VMVIX slightly higher at 17.00%. Over the past 10 years, PVMIX has outperformed VMVIX with an annualized return of 12.71%, while VMVIX has yielded a comparatively lower 10.52% annualized return.
PVMIX
- 1D
- 0.62%
- 1M
- 1.64%
- 6M
- 9.66%
- YTD
- 16.66%
- 1Y
- 20.35%
- 3Y*
- 19.94%
- 5Y*
- 12.99%
- 10Y*
- 12.71%
- ALL TIME*
- 10.84%
VMVIX
- 1D
- 0.41%
- 1M
- 2.66%
- 6M
- 10.89%
- YTD
- 17.00%
- 1Y
- 24.94%
- 3Y*
- 15.53%
- 5Y*
- 10.04%
- 10Y*
- 10.52%
- ALL TIME*
- 9.34%
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. VMVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PVMIX Principal MidCap Value Fund I | 16.66% | 6.09% | 33.38% | 11.04% | -5.95% | 30.97% | 6.50% | 26.69% | -11.07% | 14.63% |
VMVIX Vanguard Mid-Cap Value Index Fund | 17.00% | 11.22% | 13.48% | 10.00% | -8.00% | 28.60% | 2.33% | 27.85% | -12.57% | 16.91% |
Correlation
The correlation between PVMIX and VMVIX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2006 | 0.97 |
The correlation between PVMIX and VMVIX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
PVMIX vs. VMVIX — Risk / Return Rank
PVMIX
VMVIX
PVMIX vs. VMVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Value Fund I (PVMIX) and Vanguard Mid-Cap Value Index Fund (VMVIX). 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 | VMVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.41 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 3.79 | -0.81 |
| Martin ratioReturn relative to average drawdown | 10.73 | 14.78 | -4.05 |
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Drawdowns
PVMIX vs. VMVIX - Drawdown Comparison
The maximum PVMIX drawdown since its inception was -56.76%, smaller than the maximum VMVIX drawdown of -61.61%. Use the drawdown chart below to compare losses from any high point for PVMIX and VMVIX.
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Drawdown Indicators
| PVMIX | VMVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.76% | -61.61% | +4.85% |
Max Drawdown (1Y)Largest decline over 1 year | -7.37% | -6.96% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -16.78% | -18.94% | +2.16% |
Max Drawdown (5Y)Largest decline over 5 years | -17.05% | -19.81% | +2.76% |
Max Drawdown (10Y)Largest decline over 10 years | -41.34% | -43.08% | +1.74% |
Current DrawdownCurrent decline from peak | -0.39% | -0.94% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -8.39% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 1.78% | +0.26% |
Volatility
PVMIX vs. VMVIX - Volatility Comparison
The current volatility for Principal MidCap Value Fund I (PVMIX) is 2.24%, while Vanguard Mid-Cap Value Index Fund (VMVIX) has a volatility of 2.59%. This indicates that PVMIX experiences smaller price fluctuations and is considered to be less risky than VMVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PVMIX | VMVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.24% | 2.59% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 8.12% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.74% | 11.34% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.10% | 15.89% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.14% | 18.69% | +0.45% |
PVMIX vs. VMVIX - Expense Ratio Comparison
PVMIX has a 0.69% expense ratio, which is higher than VMVIX's 0.19% expense ratio.
Dividends
PVMIX vs. VMVIX - Dividend Comparison
PVMIX's dividend yield for the trailing twelve months is around 6.19%, more than VMVIX's 1.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PVMIX Principal MidCap Value Fund I | 6.19% | 7.22% | 33.98% | 4.63% | 7.12% | 11.44% | 1.38% | 5.11% | 13.23% | 6.92% | 1.58% | 11.19% |
VMVIX Vanguard Mid-Cap Value Index Fund | 1.70% | 1.42% | 1.99% | 2.15% | 2.15% | 1.67% | 2.26% | 1.95% | 2.60% | 1.75% | 1.81% | 1.91% |
Frequently Asked Questions
With a correlation of 0.93, PVMIX and VMVIX 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.
VMVIX has higher volatility (2.59%) compared to PVMIX (2.24%). In terms of maximum drawdown, PVMIX dropped -56.76% vs VMVIX's -61.61%.
VMVIX currently has the higher Sharpe Ratio (2.33 vs 1.88), 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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