CMNWX vs. PTDIX
CMNWX (Principal Capital Appreciation Fund) and PTDIX (Principal LifeTime 2040 Fund) are both mutual funds - CMNWX is a Large Cap Blend Equities fund managed by Principal, while PTDIX is a Target Retirement Date fund managed by Principal. Over the past 10 years, CMNWX returned 14.88%/yr vs 10.22%/yr for PTDIX. Their correlation of 0.95 means they have usually moved in the same direction. CMNWX charges 0.80%/yr vs 0.01%/yr for PTDIX.
Performance
CMNWX vs. PTDIX - Performance Comparison
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Returns By Period
In the year-to-date period, CMNWX achieves a 8.06% return, which is significantly higher than PTDIX's 6.90% return. Over the past 10 years, CMNWX has outperformed PTDIX with an annualized return of 14.88%, while PTDIX has yielded a comparatively lower 10.22% annualized return.
CMNWX
- 1D
- 1.67%
- 1M
- -1.13%
- 6M
- 6.58%
- YTD
- 8.06%
- 1Y
- 17.20%
- 3Y*
- 19.55%
- 5Y*
- 12.95%
- 10Y*
- 14.88%
- ALL TIME*
- 14.03%
PTDIX
- 1D
- 1.31%
- 1M
- 0.11%
- 6M
- 4.58%
- YTD
- 6.90%
- 1Y
- 14.80%
- 3Y*
- 14.70%
- 5Y*
- 7.69%
- 10Y*
- 10.22%
- ALL TIME*
- 7.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CMNWX vs. PTDIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMNWX Principal Capital Appreciation Fund | 8.06% | 13.27% | 32.14% | 25.01% | -16.37% | 27.45% | 18.36% | 32.21% | -4.12% | 20.64% |
PTDIX Principal LifeTime 2040 Fund | 6.90% | 15.59% | 17.43% | 18.33% | -18.13% | 15.35% | 16.04% | 24.91% | -7.95% | 20.69% |
Correlation
The correlation between CMNWX and PTDIX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2001 | 0.95 |
The correlation between CMNWX and PTDIX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
CMNWX vs. PTDIX — Risk / Return Rank
CMNWX
PTDIX
CMNWX vs. PTDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Capital Appreciation Fund (CMNWX) and Principal LifeTime 2040 Fund (PTDIX). 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.
| CMNWX | PTDIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.82 | -0.12 |
| Martin ratioReturn relative to average drawdown | 7.29 | 7.76 | -0.47 |
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Drawdowns
CMNWX vs. PTDIX - Drawdown Comparison
The maximum CMNWX drawdown since its inception was -50.43%, smaller than the maximum PTDIX drawdown of -54.38%. Use the drawdown chart below to compare losses from any high point for CMNWX and PTDIX.
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Drawdown Indicators
| CMNWX | PTDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.43% | -54.38% | +3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.91% | -7.32% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -19.54% | -13.05% | -6.49% |
Max Drawdown (5Y)Largest decline over 5 years | -23.35% | -25.43% | +2.08% |
Max Drawdown (10Y)Largest decline over 10 years | -33.26% | -30.02% | -3.24% |
Current DrawdownCurrent decline from peak | -2.47% | -0.84% | -1.63% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -7.45% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 1.72% | +0.36% |
Volatility
CMNWX vs. PTDIX - Volatility Comparison
Principal Capital Appreciation Fund (CMNWX) has a higher volatility of 3.39% compared to Principal LifeTime 2040 Fund (PTDIX) at 2.85%. This indicates that CMNWX's price experiences larger fluctuations and is considered to be riskier than PTDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMNWX | PTDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 2.85% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.45% | 8.76% | +1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.39% | 10.62% | +2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 13.58% | +3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.20% | 13.78% | +3.42% |
CMNWX vs. PTDIX - Expense Ratio Comparison
CMNWX has a 0.80% expense ratio, which is higher than PTDIX's 0.01% expense ratio.
Dividends
CMNWX vs. PTDIX - Dividend Comparison
CMNWX's dividend yield for the trailing twelve months is around 8.10%, less than PTDIX's 9.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMNWX Principal Capital Appreciation Fund | 8.10% | 8.75% | 10.03% | 0.71% | 0.69% | 9.52% | 5.33% | 8.37% | 46.60% | 7.72% | 10.32% | 5.42% |
PTDIX Principal LifeTime 2040 Fund | 9.17% | 9.80% | 12.28% | 4.40% | 8.61% | 8.92% | 6.01% | 7.26% | 9.28% | 6.07% | 4.86% | 6.73% |
Frequently Asked Questions
With a correlation of 0.93, CMNWX and PTDIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CMNWX has higher volatility (3.39%) compared to PTDIX (2.85%). In terms of maximum drawdown, CMNWX dropped -50.43% vs PTDIX's -54.38%.
PTDIX currently has the higher Sharpe Ratio (1.26 vs 1.14), 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.
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