PYHIX vs. ONEQ
Compare and contrast key facts about Principal High Income Fund (PYHIX) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
PYHIX is managed by Principal. It was launched on Dec 29, 2004. ONEQ is a passively managed fund by Fidelity that tracks the performance of the NASDAQ Composite Index. It was launched on Sep 25, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PYHIX or ONEQ.
Correlation
The correlation between PYHIX and ONEQ is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PYHIX vs. ONEQ - Performance Comparison
Key characteristics
PYHIX:
2.88
ONEQ:
1.29
PYHIX:
4.21
ONEQ:
1.76
PYHIX:
1.61
ONEQ:
1.23
PYHIX:
4.83
ONEQ:
1.78
PYHIX:
15.29
ONEQ:
6.47
PYHIX:
0.50%
ONEQ:
3.65%
PYHIX:
2.65%
ONEQ:
18.35%
PYHIX:
-28.25%
ONEQ:
-55.09%
PYHIX:
-0.37%
ONEQ:
-2.59%
Returns By Period
In the year-to-date period, PYHIX achieves a 1.08% return, which is significantly lower than ONEQ's 1.74% return. Over the past 10 years, PYHIX has underperformed ONEQ with an annualized return of 3.96%, while ONEQ has yielded a comparatively higher 16.09% annualized return.
PYHIX
1.08%
1.33%
2.73%
8.15%
3.53%
3.96%
ONEQ
1.74%
2.87%
14.65%
26.06%
16.33%
16.09%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PYHIX vs. ONEQ - Expense Ratio Comparison
PYHIX has a 0.60% expense ratio, which is higher than ONEQ's 0.21% expense ratio.
Risk-Adjusted Performance
PYHIX vs. ONEQ — Risk-Adjusted Performance Rank
PYHIX
ONEQ
PYHIX vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal High Income Fund (PYHIX) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ). 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.
Dividends
PYHIX vs. ONEQ - Dividend Comparison
PYHIX's dividend yield for the trailing twelve months is around 8.43%, more than ONEQ's 0.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYHIX Principal High Income Fund | 8.43% | 8.44% | 7.04% | 6.59% | 5.17% | 5.72% | 6.66% | 6.29% | 5.27% | 5.56% | 6.04% | 5.63% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.64% | 0.65% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% |
Drawdowns
PYHIX vs. ONEQ - Drawdown Comparison
The maximum PYHIX drawdown since its inception was -28.25%, smaller than the maximum ONEQ drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for PYHIX and ONEQ. For additional features, visit the drawdowns tool.
Volatility
PYHIX vs. ONEQ - Volatility Comparison
The current volatility for Principal High Income Fund (PYHIX) is 0.75%, while Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) has a volatility of 5.79%. This indicates that PYHIX experiences smaller price fluctuations and is considered to be less risky than ONEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.