SACAX vs. PMOAX
SACAX (Principal SAM Strategic Growth Portfolio) and PMOAX (Principal Opportunistic Municipal Fund) are both mutual funds - SACAX is a Diversified Portfolio fund managed by Principal, while PMOAX is a High Yield Muni fund managed by Principal. Over the past 10 years, SACAX returned 11.87%/yr vs 2.19%/yr for PMOAX. Their -0.04 correlation means they have often moved in opposite directions in the past. SACAX charges 0.61%/yr vs 0.84%/yr for PMOAX.
Performance
SACAX vs. PMOAX - Performance Comparison
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Returns By Period
In the year-to-date period, SACAX achieves a 10.88% return, which is significantly higher than PMOAX's 1.49% return. Over the past 10 years, SACAX has outperformed PMOAX with an annualized return of 11.87%, while PMOAX has yielded a comparatively lower 2.19% annualized return.
SACAX
- 1D
- 1.70%
- 1M
- 0.16%
- 6M
- 7.85%
- YTD
- 10.88%
- 1Y
- 20.54%
- 3Y*
- 18.79%
- 5Y*
- 10.38%
- 10Y*
- 11.87%
- ALL TIME*
- 8.42%
PMOAX
- 1D
- -0.32%
- 1M
- -1.87%
- 6M
- 0.68%
- YTD
- 1.49%
- 1Y
- 7.05%
- 3Y*
- 3.88%
- 5Y*
- -0.63%
- 10Y*
- 2.19%
- ALL TIME*
- 3.42%
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 |
SACAX vs. PMOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SACAX Principal SAM Strategic Growth Portfolio | 10.88% | 16.56% | 24.20% | 21.42% | -19.06% | 19.34% | 15.11% | 26.87% | -9.13% | 21.68% |
PMOAX Principal Opportunistic Municipal Fund | 1.49% | 2.91% | 4.40% | 6.76% | -16.56% | 6.38% | 4.40% | 10.55% | 1.34% | 10.14% |
Correlation
The correlation between SACAX and PMOAX is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2012 | -0.04 |
The correlation between SACAX and PMOAX shifts across timeframes, from -0.04 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SACAX vs. PMOAX — Risk / Return Rank
SACAX
PMOAX
SACAX vs. PMOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal SAM Strategic Growth Portfolio (SACAX) and Principal Opportunistic Municipal Fund (PMOAX). 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.
| SACAX | PMOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.65 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.88 | -0.78 |
| Martin ratioReturn relative to average drawdown | 9.07 | 10.60 | -1.54 |
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Drawdowns
SACAX vs. PMOAX - Drawdown Comparison
The maximum SACAX drawdown since its inception was -54.31%, which is greater than PMOAX's maximum drawdown of -21.33%. Use the drawdown chart below to compare losses from any high point for SACAX and PMOAX.
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Drawdown Indicators
| SACAX | PMOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.31% | -21.33% | -32.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.85% | -2.91% | -5.94% |
Max Drawdown (3Y)Largest decline over 3 years | -15.88% | -6.41% | -9.47% |
Max Drawdown (5Y)Largest decline over 5 years | -26.96% | -21.33% | -5.63% |
Max Drawdown (10Y)Largest decline over 10 years | -34.90% | -21.33% | -13.57% |
Current DrawdownCurrent decline from peak | -0.93% | -3.09% | +2.16% |
Average DrawdownAverage peak-to-trough decline | -9.74% | -4.76% | -4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 0.79% | +1.26% |
Volatility
SACAX vs. PMOAX - Volatility Comparison
Principal SAM Strategic Growth Portfolio (SACAX) has a higher volatility of 3.43% compared to Principal Opportunistic Municipal Fund (PMOAX) at 0.89%. This indicates that SACAX's price experiences larger fluctuations and is considered to be riskier than PMOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SACAX | PMOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 0.89% | +2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.44% | 2.45% | +7.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.62% | 3.24% | +9.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.74% | 4.78% | +10.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.02% | 5.05% | +10.97% |
SACAX vs. PMOAX - Expense Ratio Comparison
SACAX has a 0.61% expense ratio, which is lower than PMOAX's 0.84% expense ratio.
Dividends
SACAX vs. PMOAX - Dividend Comparison
SACAX's dividend yield for the trailing twelve months is around 10.82%, more than PMOAX's 4.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMOAX Principal Opportunistic Municipal Fund | 4.14% | 4.59% | 4.32% | 3.42% | 3.36% | 3.09% | 3.28% | 3.48% | 3.89% | 3.62% | 3.57% | 3.73% |
SACAX Principal SAM Strategic Growth Portfolio | 10.82% | 11.99% | 13.37% | 1.16% | 9.30% | 7.53% | 4.02% | 4.47% | 20.79% | 6.82% | 3.68% | 14.08% |
Frequently Asked Questions
SACAX and PMOAX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SACAX has higher volatility (3.43%) compared to PMOAX (0.89%). In terms of maximum drawdown, SACAX dropped -54.31% vs PMOAX's -21.33%.
PMOAX currently has the higher Sharpe Ratio (2.58 vs 1.47), 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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