Principal Inflation Protection Fund (PIPIX) belongs to the Inflation-Protected Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PIPIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PIPIX
PIPIX charges 0.39% annually. There are 26 mutual funds in the Inflation-Protected Bonds category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Institutional Investments Trust Real Return Fu... | 0.02% | — | Dec 2006 | PIPIX vs RRPAX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.04% | — | Oct 2012 | PIPIX vs VTSPX | |
| Fidelity Inflation-Protected Bond Index Fund | 0.05% | — | May 2012 | PIPIX vs FIPDX | |
| Schwab Treasury Inflation Protected Securities Ind... | 0.05% | — | Mar 2006 | PIPIX vs SWRSX | |
| Fidelity SAI 0-5 Year Inflation-Protected Bond Ind... | 0.05% | — | Nov 2025 | PIPIX vs FFNYX |
Best Risk-Adjusted Alternatives to PIPIX
PIPIX has a PortfoliosLab risk / return rank of 20. There are 29 mutual funds in the Inflation-Protected Bonds category with higher risk-adjusted ranks, going as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 91 | — | Oct 2012 | PIPIX vs VTSPX | |
| Vanguard Short-Term Inflation-Protected Securities... | 91 | 71.10B | Oct 2012 | PIPIX vs VTAPX | |
| Vanguard Short-Term Inflation-Protected Securities... | 91 | — | Oct 2012 | PIPIX vs VTIPX | |
| SEI Multi-Asset Real Return Fund Class A | 86 | — | Jul 2011 | PIPIX vs SEIAX | |
| American Century Short Duration Inflation Protecti... | 80 | 1.19B | May 2005 | PIPIX vs APOIX |
Top Performing PIPIX Alternatives (YTD)
PIPIX is at 0.65% YTD. There are 26 mutual funds in the Inflation-Protected Bonds category with higher YTD returns, going as high as 9.31%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | 9.31% | — | Jul 2011 | PIPIX vs SEIAX | |
| Allspring Real Return Fund | 8.62% | — | Feb 2003 | PIPIX vs IPBAX | |
| DFA Global Core Plus Real Return Portfolio | 2.04% | — | May 2021 | PIPIX vs DFAAX | |
| Vanguard Short-Term Inflation-Protected Securities... | 1.83% | — | Oct 2012 | PIPIX vs VTSPX | |
| Vanguard Short-Term Inflation-Protected Securities... | 1.81% | 71.10B | Oct 2012 | PIPIX vs VTAPX |
Lowest Volatility Alternatives to PIPIX
PIPIX has 3.36% 1-year volatility. There are 31 mutual funds in the Inflation-Protected Bonds category with lower 1-year volatility, going as low as 1.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 1.55% | — | Oct 2012 | PIPIX vs VTIPX | |
| Vanguard Short-Term Inflation-Protected Securities... | 1.57% | 71.10B | Oct 2012 | PIPIX vs VTAPX | |
| Vanguard Short-Term Inflation-Protected Securities... | 1.58% | — | Oct 2012 | PIPIX vs VTSPX | |
| Eaton Vance Short Duration Inflation-Protected Inc... | 1.63% | — | Mar 2010 | PIPIX vs EARRX | |
| Eaton Vance Short Duration Inflation-Protected Inc... | 1.66% | — | Mar 2010 | PIPIX vs EIRRX |
Lowest Drawdown Alternatives to PIPIX
PIPIX has a 1-year max drawdown of -1.92%. There are 22 mutual funds in the Inflation-Protected Bonds category with shallower 1-year drawdowns, going as shallow as -0.72%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.72% | — | Oct 2012 | PIPIX vs VTIPX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.75% | — | Oct 2012 | PIPIX vs VTSPX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.75% | 71.10B | Oct 2012 | PIPIX vs VTAPX | |
| American Century Short Duration Inflation Protecti... | -0.82% | 1.19B | May 2005 | PIPIX vs APOIX | |
| Eaton Vance Short Duration Inflation-Protected Inc... | -0.89% | — | Mar 2010 | PIPIX vs EIRRX |
Other Mutual Funds from Principal
The 10 most viewed Principal mutual funds shown here include PCBIX, PLSAX, PLGIX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Principal MidCap Fund Institutional Class | Mid Cap Growth Equities | 1 | -3.74% | — | Dec 2000 | PIPIX vs PCBIX | |
| Principal LargeCap S&P 500 Index Fund Class A | S&P 500 | 60 | 9.18% | — | Feb 2001 | PIPIX vs PLSAX | |
| Principal LargeCap Growth Fund I | Large Cap Growth Equities | 5 | -1.62% | — | Dec 2000 | PIPIX vs PLGIX | |
| Principal MidCap R6 | Mid Cap Growth Equities | 1 | -3.68% | — | Nov 2016 | PIPIX vs PMAQX | |
| Principal LifeTime 2055 Fund | Target Retirement Date | 49 | 8.75% | — | Feb 2008 | PIPIX vs LTFIX | |
| Principal Capital Appreciation Fund | Large Cap Blend Equities | 42 | 8.06% | — | Nov 1986 | PIPIX vs CMNWX | |
| Principal Blue Chip Fund | Large Cap Growth Equities | 2 | -2.47% | — | Jun 2012 | PIPIX vs PBCKX | |
| Principal Global Multi-Strategy Fund | Multistrategy | 97 | 5.75% | — | Oct 2011 | PIPIX vs PSMIX | |
| Principal LifeTime 2045 Fund | Target Retirement Date | 49 | 7.81% | — | Feb 2008 | PIPIX vs LTRIX | |
| Principal LifeTime 2040 Fund | Target Retirement Date | 49 | 6.90% | — | Feb 2001 | PIPIX vs PTDIX |
Often Compared With PIPIX
Investors most often compare PIPIX with VCTPX, FSPWX, FSTZX. These 11 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare PIPIX with Any Fund or Stock
Compare PIPIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PIPIX with funds that move differently
Principal Inflation Protection Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PIPIX.
Explore PIPIX Diversifiers