Correlation
The correlation between PYHIX and ONEQ is 0.36, 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.
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.
Performance
PYHIX vs. ONEQ - Performance Comparison
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Key characteristics
Returns By Period
PYHIX
N/A
N/A
N/A
N/A
N/A
N/A
N/A
ONEQ
-0.98%
8.03%
-0.44%
14.90%
17.69%
16.14%
15.27%
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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.
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Dividends
PYHIX vs. ONEQ - Dividend Comparison
PYHIX has not paid dividends to shareholders, while ONEQ's dividend yield for the trailing twelve months is around 0.63%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYHIX Principal High Income Fund | 6.71% | 8.44% | 7.04% | 6.56% | 5.16% | 5.72% | 6.65% | 6.29% | 5.26% | 5.56% | 6.04% | 6.39% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.63% | 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
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Volatility
PYHIX vs. ONEQ - Volatility Comparison
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