SRCMX vs. MUC
SRCMX (Principal California Municipal Fund) and MUC (BlackRock MuniHoldings California Quality Fund) are both Municipal Bonds funds. Over the past 10 years, SRCMX returned 1.79%/yr vs 1.06%/yr for MUC. At a 0.28 correlation, their price movements are largely independent. SRCMX charges 0.72%/yr vs 2.14%/yr for MUC.
Performance
SRCMX vs. MUC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SRCMX achieves a 1.52% return, which is significantly lower than MUC's 6.75% return. Over the past 10 years, SRCMX has outperformed MUC with an annualized return of 1.79%, while MUC has yielded a comparatively lower 1.06% annualized return.
SRCMX
- 1D
- -0.10%
- 1M
- 0.08%
- 6M
- 1.01%
- YTD
- 1.52%
- 1Y
- 6.62%
- 3Y*
- 3.65%
- 5Y*
- 0.22%
- 10Y*
- 1.79%
MUC
- 1D
- -0.36%
- 1M
- 1.98%
- 6M
- 4.34%
- YTD
- 6.75%
- 1Y
- 14.31%
- 3Y*
- 6.13%
- 5Y*
- -2.61%
- 10Y*
- 1.06%
SRCMX vs. MUC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SRCMX Principal California Municipal Fund | 1.52% | 4.39% | 2.66% | 5.03% | -11.08% | 1.91% | 4.85% | 8.67% | -0.19% | 6.89% |
MUC BlackRock MuniHoldings California Quality Fund | 6.75% | 5.96% | 0.76% | 7.86% | -26.81% | 7.38% | 11.85% | 18.12% | -9.00% | 6.07% |
Correlation
The correlation between SRCMX and MUC is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 1998 | 0.29 |
The correlation between SRCMX and MUC shifts across timeframes, from 0.28 (all time) to 0.49 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SRCMX vs. MUC — Risk / Return Rank
SRCMX
MUC
SRCMX vs. MUC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal California Municipal Fund (SRCMX) and BlackRock MuniHoldings California Quality Fund (MUC). 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.
| SRCMX | MUC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.34 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.20 | 0.00 |
| Martin ratioReturn relative to average drawdown | 7.99 | 9.49 | -1.50 |
Loading charts...
Drawdowns
SRCMX vs. MUC - Drawdown Comparison
The maximum SRCMX drawdown since its inception was -23.64%, smaller than the maximum MUC drawdown of -48.97%. Use the drawdown chart below to compare losses from any high point for SRCMX and MUC.
Loading charts...
Drawdown Indicators
| SRCMX | MUC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.64% | -48.97% | +25.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -6.53% | +3.72% |
Max Drawdown (3Y)Largest decline over 3 years | -4.75% | -14.51% | +9.76% |
Max Drawdown (5Y)Largest decline over 5 years | -16.07% | -38.29% | +22.22% |
Max Drawdown (10Y)Largest decline over 10 years | -16.07% | -38.29% | +22.22% |
Current DrawdownCurrent decline from peak | -0.61% | -14.34% | +13.73% |
Average DrawdownAverage peak-to-trough decline | -2.66% | -9.92% | +7.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 1.51% | -0.73% |
Volatility
SRCMX vs. MUC - Volatility Comparison
The current volatility for Principal California Municipal Fund (SRCMX) is 0.61%, while BlackRock MuniHoldings California Quality Fund (MUC) has a volatility of 1.46%. This indicates that SRCMX experiences smaller price fluctuations and is considered to be less risky than MUC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SRCMX | MUC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 1.46% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 2.03% | 6.22% | -4.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.62% | 8.19% | -5.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.50% | 11.49% | -7.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 11.87% | -7.73% |
SRCMX vs. MUC - Expense Ratio Comparison
SRCMX has a 0.72% expense ratio, which is lower than MUC's 2.14% expense ratio.
Dividends
SRCMX vs. MUC - Dividend Comparison
SRCMX's dividend yield for the trailing twelve months is around 3.49%, less than MUC's 5.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUC BlackRock MuniHoldings California Quality Fund | 5.87% | 6.06% | 5.62% | 3.84% | 5.79% | 4.27% | 3.96% | 3.90% | 4.99% | 5.14% | 5.45% | 5.46% |
SRCMX Principal California Municipal Fund | 3.49% | 4.24% | 3.34% | 2.31% | 2.21% | 2.08% | 1.94% | 2.85% | 3.19% | 3.16% | 3.02% | 4.50% |
Frequently Asked Questions
SRCMX and MUC have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUC has higher volatility (1.46%) compared to SRCMX (0.61%). In terms of maximum drawdown, SRCMX dropped -23.64% vs MUC's -48.97%.
SRCMX currently has the higher Sharpe Ratio (2.37 vs 1.77), 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.
Find the right allocation for SRCMX and MUC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer