Principal Bond Market Index Fund (PNIIX) belongs to the Intermediate Core Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PNIIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PNIIX
PNIIX charges 0.15% annually. There are 11 mutual funds in the Intermediate Core Bond category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Mortgage Strategy Portfolio | 0.02% | — | Dec 2007 | PNIIX vs FMBPX | |
| State Street Aggregate Bond Index Portfolio | 0.02% | — | Sep 2014 | PNIIX vs SSAFX | |
| Fisher Investments Institutional Group Fixed Incom... | 0.03% | — | Dec 2019 | PNIIX vs QDIBX | |
| Fisher Investments Institutional Group ESG Fixed I... | 0.04% | — | Dec 2019 | PNIIX vs QDVBX | |
| iShares U.S. Aggregate Bond Index Fund | 0.05% | — | Jul 1993 | PNIIX vs WFBIX |
Best Risk-Adjusted Alternatives to PNIIX
PNIIX has a PortfoliosLab risk / return rank of 20. There are 44 mutual funds in the Intermediate Core Bond category with higher risk-adjusted ranks, going as high as 61.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Hartford Schroders Tax-Aware Bond Fund | 61 | — | Oct 2011 | PNIIX vs STWTX | |
| Loomis Sayles Securitized Asset Fund | 59 | — | Mar 2006 | PNIIX vs LSSAX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 55 | — | Aug 1995 | PNIIX vs PCGTX | |
| Manning & Napier Credit Series | 44 | — | Apr 2020 | PNIIX vs MCDWX | |
| DFA Diversified Fixed Income Portfolio | 39 | — | Aug 2016 | PNIIX vs DFXIX |
Top Performing PNIIX Alternatives (YTD)
PNIIX is at 0.12% YTD. There are 26 mutual funds in the Intermediate Core Bond category with higher YTD returns, going as high as 2.72%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| PACE Mortgage-Backed Securities Fixed Income Inves... | 2.72% | — | Aug 1995 | PNIIX vs PCGTX | |
| Loomis Sayles Securitized Asset Fund | 1.20% | — | Mar 2006 | PNIIX vs LSSAX | |
| Hartford Schroders Tax-Aware Bond Fund | 1.08% | — | Oct 2011 | PNIIX vs STWTX | |
| DFA Diversified Fixed Income Portfolio | 0.77% | — | Aug 2016 | PNIIX vs DFXIX | |
| Fidelity SAI Investment Grade Securitized Fund | 0.76% | — | May 2023 | PNIIX vs FSMOX |
Lowest Volatility Alternatives to PNIIX
PNIIX has 3.83% 1-year volatility. There are 42 mutual funds in the Intermediate Core Bond category with lower 1-year volatility, going as low as 2.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Education Income Fund | 2.47% | — | Mar 2021 | PNIIX vs FEDUX | |
| Baird Intermediate Bond Fund | 2.49% | — | Sep 2000 | PNIIX vs BIMSX | |
| Baird Intermediate Bond Fund Class Institutional | 2.50% | — | Sep 2000 | PNIIX vs BIMIX | |
| DFA Diversified Fixed Income Portfolio | 2.63% | — | Aug 2016 | PNIIX vs DFXIX | |
| Johnson Institutional Intermediate Bond Fund | 2.73% | — | Aug 2000 | PNIIX vs JIBEX |
Lowest Drawdown Alternatives to PNIIX
PNIIX has a 1-year max drawdown of -2.76%. There are 22 mutual funds in the Intermediate Core Bond category with shallower 1-year drawdowns, going as shallow as -1.69%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Diversified Fixed Income Portfolio | -1.69% | — | Aug 2016 | PNIIX vs DFXIX | |
| Fidelity Education Income Fund | -1.72% | — | Mar 2021 | PNIIX vs FEDUX | |
| Baird Intermediate Bond Fund | -1.87% | — | Sep 2000 | PNIIX vs BIMSX | |
| Baird Intermediate Bond Fund Class Institutional | -2.07% | — | Sep 2000 | PNIIX vs BIMIX | |
| Fidelity Intermediate Bond Fund | -2.11% | — | May 1975 | PNIIX vs FTHRX |
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 | -4.18% | — | Dec 2000 | PNIIX vs PCBIX | |
| Principal LargeCap Growth Fund I | Large Cap Growth Equities | 7 | 2.74% | — | Dec 2000 | PNIIX vs PLGIX | |
| Principal Capital Appreciation Fund | Large Cap Blend Equities | 50 | 10.49% | — | Nov 1986 | PNIIX vs CMNWX | |
| Principal LifeTime 2055 Fund | Target Retirement Date | 42 | 9.10% | — | Feb 2008 | PNIIX vs LTFIX | |
| Principal Blue Chip Fund | Large Cap Growth Equities | 3 | -1.15% | — | Jun 2012 | PNIIX vs PBCKX | |
| Principal Global Multi-Strategy Fund | Multistrategy | 96 | 5.67% | — | Oct 2011 | PNIIX vs PSMIX | |
| Principal SAM Strategic Growth Portfolio | Diversified Portfolio | 54 | 11.40% | — | Jul 1996 | PNIIX vs SACAX | |
| Principal LifeTime 2030 Fund | Target Retirement Date | 44 | 5.60% | — | Feb 2001 | PNIIX vs PMTIX | |
| Principal LifeTime 2045 Fund | Target Retirement Date | 42 | 8.20% | — | Feb 2008 | PNIIX vs LTRIX | |
| Principal LifeTime 2040 Fund | Target Retirement Date | 42 | 7.32% | — | Feb 2001 | PNIIX vs PTDIX |
Often Compared With PNIIX
Investors most often compare PNIIX with RBFFX, RIBIX, CFBNX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare PNIIX with Any Fund or Stock
Compare PNIIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PNIIX with funds that move differently
Principal Bond Market Index Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PNIIX.
Explore PNIIX Diversifiers