Principal LifeTime Hybrid 2040 Fund (PLTQX) belongs to the Target Retirement Date category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PLTQX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PLTQX
PLTQX charges 0.05% annually. There are 35 mutual funds in the Target Retirement Date category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| American Funds 2065 Target Date Retirement Fund | 0.01% | — | Mar 2020 | PLTQX vs FCQTX | |
| Principal LifeTime 2050 Fund | 0.01% | — | Feb 2001 | PLTQX vs PPLIX | |
| John Hancock Funds Multi-Index 2060 Lifetime Portf... | 0.01% | — | Mar 2016 | PLTQX vs JIEHX | |
| Principal LifeTime 2030 Fund | 0.01% | — | Feb 2001 | PLTQX vs PMTIX | |
| Principal LifeTime 2040 Fund | 0.01% | — | Feb 2001 | PLTQX vs PTDIX |
Best Risk-Adjusted Alternatives to PLTQX
PLTQX has a PortfoliosLab risk / return rank of 59. There are 404 mutual funds in the Target Retirement Date category with higher risk-adjusted ranks, going as high as 86.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Putnam Retirement Advantage Maturity Fund | 86 | — | Dec 2019 | PLTQX vs PADLX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 85 | — | Aug 2007 | PLTQX vs FRAMX | |
| State Street Target Retirement Fund | 84 | — | Sep 2014 | PLTQX vs SSFNX | |
| Prudential Day One Income Fund | 82 | — | Dec 2016 | PLTQX vs PDAHX | |
| Dimensional Retirement Income Fund | 81 | — | Nov 2015 | PLTQX vs TDIFX |
Top Performing PLTQX Alternatives (YTD)
PLTQX is at 7.76% YTD. There are 351 mutual funds in the Target Retirement Date category with higher YTD returns, going as high as 1,644,791.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Advisor Managed Retirement Income Fund Cl... | 1,644,791.35% | — | Aug 2007 | PLTQX vs FRAMX | |
| USAA Target Retirement 2060 Fund | 12.78% | — | Jul 2013 | PLTQX vs URSIX | |
| Fidelity Flex Freedom Blend 2060 Fund | 12.62% | — | Jun 2017 | PLTQX vs FWLSX | |
| Fidelity Freedom 2065 Fund Class K6 | 12.58% | — | Jun 2019 | PLTQX vs FFSZX | |
| Fidelity Freedom 2055 Fund Class K6 | 12.56% | — | Jun 2011 | PLTQX vs FCTKX |
Lowest Volatility Alternatives to PLTQX
PLTQX has 10.70% 1-year volatility. There are 339 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.51%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.51% | — | Nov 2015 | PLTQX vs TDIFX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 4.32% | — | Aug 2007 | PLTQX vs FRIMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 4.32% | — | Aug 2007 | PLTQX vs FRQIX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 4.33% | — | Aug 2007 | PLTQX vs FRQAX | |
| Fidelity Freedom Index Income Fund Investor Class | 4.38% | — | Oct 2009 | PLTQX vs FIKFX |
Lowest Drawdown Alternatives to PLTQX
PLTQX has a 1-year max drawdown of -7.29%. There are 294 mutual funds in the Target Retirement Date category with shallower 1-year drawdowns, going as shallow as -2.61%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | -2.61% | — | Nov 2015 | PLTQX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | -3.32% | — | Oct 2009 | PLTQX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | -3.33% | — | Oct 2009 | PLTQX vs FFGZX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | -3.43% | — | Aug 2007 | PLTQX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | -3.44% | — | Aug 2007 | PLTQX vs FRIMX |
Other Mutual Funds from Principal
The 10 most viewed Principal mutual funds shown here include PCBIX, PLGIX, CMNWX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Principal MidCap Fund Institutional Class | Mid Cap Growth Equities | 1 | -4.46% | — | Dec 2000 | PLTQX vs PCBIX | |
| Principal LargeCap Growth Fund I | Large Cap Growth Equities | 6 | 1.06% | — | Dec 2000 | PLTQX vs PLGIX | |
| Principal Capital Appreciation Fund | Large Cap Blend Equities | 49 | 9.64% | — | Nov 1986 | PLTQX vs CMNWX | |
| Principal LifeTime 2055 Fund | Target Retirement Date | 39 | 8.01% | — | Feb 2008 | PLTQX vs LTFIX | |
| Principal Blue Chip Fund | Large Cap Growth Equities | 3 | -1.87% | — | Jun 2012 | PLTQX vs PBCKX | |
| Principal Global Multi-Strategy Fund | Multistrategy | 96 | 5.58% | — | Oct 2011 | PLTQX vs PSMIX | |
| Principal SAM Strategic Growth Portfolio | Diversified Portfolio | 52 | 10.41% | — | Jul 1996 | PLTQX vs SACAX | |
| Principal LifeTime 2045 Fund | Target Retirement Date | 40 | 7.15% | — | Feb 2008 | PLTQX vs LTRIX | |
| Principal LifeTime 2035 Fund | Target Retirement Date | 41 | 5.50% | — | Feb 2008 | PLTQX vs LTIUX | |
| Principal LifeTime 2060 Fund | Target Retirement Date | 40 | 8.02% | — | Feb 2013 | PLTQX vs PLTZX |
Often Compared With PLTQX
Investors most often compare PLTQX with FXAIX, JLKYX, FRKMX. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare PLTQX with Any Fund or Stock
Compare PLTQX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PLTQX with funds that move differently
Principal LifeTime Hybrid 2040 Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PLTQX.
Explore PLTQX Diversifiers