SCCIX vs. PNIIX
SCCIX (Carillon Reams Core Bond Fund) and PNIIX (Principal Bond Market Index Fund) are both Intermediate Core Bond funds. Over the past 10 years, SCCIX returned 2.30%/yr vs 1.38%/yr for PNIIX. Their correlation of 0.90 suggests significant overlap in exposure. SCCIX charges 0.40%/yr vs 0.15%/yr for PNIIX.
Performance
SCCIX vs. PNIIX - Performance Comparison
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Returns By Period
In the year-to-date period, SCCIX achieves a 0.50% return, which is significantly higher than PNIIX's 0.35% return. Over the past 10 years, SCCIX has outperformed PNIIX with an annualized return of 2.30%, while PNIIX has yielded a comparatively lower 1.38% annualized return.
SCCIX
- 1D
- -0.28%
- 1M
- 0.71%
- YTD
- 0.50%
- 6M
- 0.58%
- 1Y
- 4.74%
- 3Y*
- 3.93%
- 5Y*
- 0.11%
- 10Y*
- 2.30%
PNIIX
- 1D
- -0.23%
- 1M
- 0.59%
- YTD
- 0.35%
- 6M
- 0.35%
- 1Y
- 4.13%
- 3Y*
- 3.77%
- 5Y*
- -0.07%
- 10Y*
- 1.38%
SCCIX vs. PNIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCCIX Carillon Reams Core Bond Fund | 0.50% | 7.63% | 1.45% | 5.41% | -13.22% | -1.96% | 15.39% | 7.96% | 1.24% | 3.40% |
PNIIX Principal Bond Market Index Fund | 0.35% | 7.01% | 1.17% | 5.55% | -13.26% | -1.68% | 7.28% | 8.47% | -0.20% | 3.31% |
Correlation
The correlation between SCCIX and PNIIX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2009 | 0.90 |
The correlation between SCCIX and PNIIX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.
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Return for Risk
SCCIX vs. PNIIX — Risk / Return Rank
SCCIX
PNIIX
SCCIX vs. PNIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carillon Reams Core Bond Fund (SCCIX) and Principal Bond Market Index Fund (PNIIX). 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.
| SCCIX | PNIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.20 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.59 | +0.07 |
| Martin ratioReturn relative to average drawdown | 4.86 | 4.56 | +0.29 |
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Drawdowns
SCCIX vs. PNIIX - Drawdown Comparison
The maximum SCCIX drawdown since its inception was -22.19%, which is greater than PNIIX's maximum drawdown of -18.76%. Use the drawdown chart below to compare losses from any high point for SCCIX and PNIIX.
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Drawdown Indicators
| SCCIX | PNIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.19% | -18.76% | -3.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -2.76% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -7.40% | -6.25% | -1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -18.25% | -18.14% | -0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -19.25% | -18.76% | -0.49% |
Current DrawdownCurrent decline from peak | -1.59% | -2.76% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -3.44% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.96% | +0.08% |
Volatility
SCCIX vs. PNIIX - Volatility Comparison
Carillon Reams Core Bond Fund (SCCIX) and Principal Bond Market Index Fund (PNIIX) have volatilities of 1.17% and 1.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCCIX | PNIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.15% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 2.82% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 3.83% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.36% | 6.32% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.20% | 5.09% | +0.11% |
SCCIX vs. PNIIX - Expense Ratio Comparison
SCCIX has a 0.40% expense ratio, which is higher than PNIIX's 0.15% expense ratio.
Dividends
SCCIX vs. PNIIX - Dividend Comparison
SCCIX's dividend yield for the trailing twelve months is around 4.30%, more than PNIIX's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNIIX Principal Bond Market Index Fund | 4.00% | 4.01% | 3.60% | 4.18% | 1.66% | 2.03% | 18.60% | 2.40% | 2.51% | 2.35% | 1.78% | 2.10% |
SCCIX Carillon Reams Core Bond Fund | 4.30% | 4.34% | 4.39% | 3.82% | 2.36% | 1.13% | 3.13% | 4.39% | 2.26% | 1.75% | 3.86% | 1.66% |
Frequently Asked Questions
With a correlation of 0.94, SCCIX and PNIIX 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.
SCCIX has higher volatility (1.17%) compared to PNIIX (1.15%). In terms of maximum drawdown, SCCIX dropped -22.19% vs PNIIX's -18.76%.
SCCIX currently has the higher Sharpe Ratio (1.25 vs 1.15), 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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