PY vs GF

Comparison between PRINCIPAL VALUE ETF (PY, ETF) and New Germany Fund Inc (GF, ETF).

5-Year PerformancePY has outperformed GF, delivering a return of +7.5% compared to -3.5%

PY vs GF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PY(ETF)	GF(ETF)
Net Assets	$220M	$220M
Expense Ratio	0.15%	N/A
Max Drawdown	45.51%	82.34%
Sharpe Ratio	0.99	-0.06
5Y Beta	0.77	0.65
P/E Ratio	19.65	N/A
Forward P/E	15.32	N/A
PEG Ratio	0.51	N/A
5Y Dividends CAGR	2.26%	-37.02%
5Y EPS CAGR	12.97%	N/A
Debt to Equity	-4.33%	N/A
P/S Ratio	1.70	N/A
P/B Ratio	3.21	N/A

Net Assets

Winner

$220M

Expense Ratio

0.15%

N/A

Max Drawdown

Winner

45.51%

82.34%

Sharpe Ratio

Winner

0.99

-0.06

5Y Beta

0.77

Winner

0.65

P/E Ratio

19.65

N/A

Forward P/E

15.32

N/A

PEG Ratio

0.51

N/A

5Y Dividends CAGR

Winner

2.26%

-37.02%

5Y EPS CAGR

12.97%

N/A

Debt to Equity

-4.33%

N/A

P/S Ratio

1.70

N/A

P/B Ratio

3.21

N/A

PY vs GF - Historical Returns

Returns include dividend reinvestment.

Period	PY	GF
1 month	+2.09%	+0.17%
3 months	+6.57%	+8.11%
6 months	+3.78%	+5.46%
1 year	+14.08%	+0.21%
5 years(CAGR)	+7.46%	-3.48%
10 years(CAGR)	+10.98%	+8.73%
Max(CAGR)	+10.70%	+7.77%

Winner

+2.09%

+0.17%

+6.57%

Winner

+8.11%

+3.78%

Winner

+5.46%

Winner

+14.08%

+0.21%

5Y(CAGR)

Winner

+7.46%

-3.48%

10Y(CAGR)

Winner

+10.98%

+8.73%

Max(CAGR)

Winner

+10.70%

+7.77%

PY vs GF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PY	GF
2026	+4.78%	+2.27%
2025	+8.05%	+48.90%
2024	+16.72%	-9.49%
2023	+9.40%	+8.90%
2022	-5.17%	-43.55%
2021	+34.81%	+6.54%
2020	+2.72%	+37.06%
2019	+25.50%	+36.21%
2018	-12.94%	-21.95%
2017	+19.10%	+54.35%
2016	+14.28%	-0.00%
2015	N/A	+14.42%
2014	N/A	-4.53%
2013	N/A	+54.91%
2012	N/A	+26.96%
2011	N/A	-16.70%
2010	N/A	+28.66%
2009	N/A	+43.94%
2008	N/A	-52.43%
2007	N/A	+23.74%
2006	N/A	+42.95%
2005	N/A	+19.10%
2004	N/A	+29.10%
2003	N/A	+93.19%
2002	N/A	-40.54%
2001	N/A	-33.86%
2000	N/A	-12.69%
1999	N/A	+2.60%

PY vs GF Drawdown Comparison

The maximum drawdown for PY was -45.44%, occurring on Mar 23, 2020. Recovery took 223 trading sessions.

The maximum drawdown for GF was -79.37%, occurring on Oct 9, 2002. Recovery took 1508 trading sessions.

The current PY drawdown is -0.23%. The current GF drawdown is -18.19%.

Rank	PY	GF
#1	-45.44% Jan 17, 2020 - Dec 4, 2020	-79.37% Mar 16, 2000 - Mar 17, 2006
#2	-20.71% Jan 26, 2018 - Nov 5, 2019	-71.09% Jul 13, 2007 - Apr 6, 2011
#3	-17.83% Nov 29, 2024 - Aug 22, 2025	-53.72% Sep 13, 2021 - Oct 14, 2022
#4	-17.72% Jan 14, 2022 - Dec 14, 2023	-40.75% Jan 22, 2020 - Jun 5, 2020
#5	-6.92% May 10, 2021 - Aug 27, 2021	-34.95% May 2, 2011 - Jan 23, 2013
#6	-6.46% Nov 12, 2021 - Dec 27, 2021	-31.09% Jan 23, 2018 - Jan 2, 2020
#7	-6.20% Feb 6, 2026 - Apr 30, 2026	-24.93% May 10, 2006 - Jan 3, 2007
#8	-6.10% Jul 16, 2024 - Aug 23, 2024	-21.60% Jun 9, 2014 - Mar 2, 2015
#9	-5.67% Mar 28, 2024 - Jul 11, 2024	-18.84% May 22, 2015 - Jan 25, 2017
#10	-5.34% Sep 2, 2021 - Oct 15, 2021	-10.54% Feb 26, 2007 - Mar 26, 2007
#11	-4.61% Mar 1, 2017 - Jul 3, 2017	-9.90% Oct 12, 2020 - Nov 9, 2020
#12	-4.47% Oct 27, 2025 - Dec 10, 2025	-9.61% Nov 10, 1999 - Jan 10, 2000
#13	-4.46% Feb 24, 2021 - Mar 8, 2021	-8.80% Dec 27, 2013 - Jun 9, 2014
#14	-4.32% Aug 23, 2016 - Nov 10, 2016	-7.81% Jun 18, 2013 - Jul 29, 2013
#15	-4.26% Apr 19, 2016 - Jun 6, 2016	-7.69% Jun 8, 2020 - Jul 2, 2020

Correlation

Correlation between PY and GF is 0.60 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.60

-101

Dividend Comparison (2000 - 2026)

PY vs GF dividend yield comparison.

Year	PY	GF
2026	0.40%	1.33%
2025	2.14%	1.30%
2024	2.22%	0.92%
2023	2.68%	0.80%
2022	3.02%	9.74%
2021	2.83%	39.51%
2020	2.95%	12.92%
2019	2.25%	3.29%
2018	2.34%	31.23%
2017	1.69%	3.82%
2016	1.85%	9.05%
2015	0.00%	8.37%
2014	0.00%	30.90%
2013	0.00%	22.48%
2012	0.00%	4.07%
2011	0.00%	8.66%
2010	0.00%	0.75%
2009	0.00%	1.48%
2008	0.00%	2.33%
2007	0.00%	3.40%
2006	0.00%	1.42%
2005	0.00%	5.40%
2004	0.00%	3.09%
2003	0.00%	0.35%
2000	0.00%	19.49%