FIRQX vs. PTDIX

Last updated Jun 25, 2026

FIRQX (Fidelity Managed Retirement 2010 Fund) and PTDIX (Principal LifeTime 2040 Fund) are both Target Retirement Date funds. Over the past 10 years, FIRQX returned 5.03%/yr vs 10.70%/yr for PTDIX. Their correlation of 0.91 suggests significant overlap in exposure. FIRQX charges 0.46%/yr vs 0.01%/yr for PTDIX.

Performance

FIRQX vs. PTDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Retirement 2010 Fund (FIRQX) and Principal LifeTime 2040 Fund (PTDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIRQX achieves a 3.60% return, which is significantly lower than PTDIX's 5.52% return. Over the past 10 years, FIRQX has underperformed PTDIX with an annualized return of 5.03%, while PTDIX has yielded a comparatively higher 10.70% annualized return.

FIRQX

• 1D: 0.00%
• 1M: 0.65%
• YTD: 3.60%
• 6M: 3.41%
• 1Y: 8.61%
• 3Y*: 7.27%
• 5Y*: 2.79%
• 10Y*: 5.03%

PTDIX

• 1D: -1.35%
• 1M: -0.17%
• YTD: 5.52%
• 6M: 4.86%
• 1Y: 14.59%
• 3Y*: 16.01%
• 5Y*: 7.62%
• 10Y*: 10.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIRQX vs. PTDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIRQX Fidelity Managed Retirement 2010 Fund	3.60%	9.97%	4.48%	8.52%	-12.39%	3.82%	9.59%	12.62%	-2.83%	10.63%
PTDIX Principal LifeTime 2040 Fund	5.52%	15.59%	17.43%	18.33%	-18.13%	15.35%	16.04%	24.91%	-7.95%	20.69%

Correlation

The correlation between FIRQX and PTDIX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Aug 30, 2007	0.91

The correlation between FIRQX and PTDIX shifts across timeframes, from 0.77 (5 years) to 0.91 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FIRQX vs. PTDIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIRQX

FIRQX Risk / Return Rank: 74
FIRQX Sharpe Ratio Rank: 76
FIRQX Sortino Ratio Rank: 77
FIRQX Omega Ratio Rank: 80
FIRQX Calmar Ratio Rank: 66
FIRQX Martin Ratio Rank: 70

PTDIX

PTDIX Risk / Return Rank: 38
PTDIX Sharpe Ratio Rank: 34
PTDIX Sortino Ratio Rank: 33
PTDIX Omega Ratio Rank: 34
PTDIX Calmar Ratio Rank: 38
PTDIX Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIRQX vs. PTDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2010 Fund (FIRQX) 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.

	FIRQX	PTDIX	Difference
Sharpe ratio: Return per unit of total volatility	2.19	1.52	+0.67
Sortino ratio: Return per unit of downside risk	3.17	2.16	+1.01
Omega ratio: Gain probability vs. loss probability	1.44	1.28	+0.16
Calmar ratio: Return relative to maximum drawdown	2.77	2.17	+0.60
Martin ratio: Return relative to average drawdown	11.64	9.43	+2.20

FIRQX vs. PTDIX - Sharpe Ratio Comparison

The current FIRQX Sharpe Ratio is 2.19, which is higher than the PTDIX Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of FIRQX and PTDIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIRQX vs. PTDIX - Drawdown Comparison

The maximum FIRQX drawdown since its inception was -38.01%, smaller than the maximum PTDIX drawdown of -54.38%. Use the drawdown chart below to compare losses from any high point for FIRQX and PTDIX.

Drawdown Indicators

	FIRQX	PTDIX	Difference
Max Drawdown Largest peak-to-trough decline	-38.01%	-54.38%	+16.37%
Max Drawdown (1Y) Largest decline over 1 year	-3.45%	-7.32%	+3.87%
Max Drawdown (3Y) Largest decline over 3 years	-5.19%	-13.05%	+7.86%
Max Drawdown (5Y) Largest decline over 5 years	-17.04%	-25.43%	+8.39%
Max Drawdown (10Y) Largest decline over 10 years	-17.04%	-30.02%	+12.98%
Current Drawdown Current decline from peak	-0.44%	-2.12%	+1.68%
Average Drawdown Average peak-to-trough decline	-4.43%	-7.48%	+3.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	1.68%	-0.86%

Volatility

FIRQX vs. PTDIX - Volatility Comparison

The current volatility for Fidelity Managed Retirement 2010 Fund (FIRQX) is 2.05%, while Principal LifeTime 2040 Fund (PTDIX) has a volatility of 4.20%. This indicates that FIRQX experiences smaller price fluctuations and is considered to be less risky than PTDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIRQX	PTDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	4.20%	-2.15%
Volatility (6M) Calculated over the trailing 6-month period	3.72%	8.64%	-4.92%
Volatility (1Y) Calculated over the trailing 1-year period	4.38%	10.46%	-6.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.60%	13.59%	-7.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.35%	13.80%	-8.45%

FIRQX vs. PTDIX - Expense Ratio Comparison

FIRQX has a 0.46% expense ratio, which is higher than PTDIX's 0.01% expense ratio.

Dividends

FIRQX vs. PTDIX - Dividend Comparison

FIRQX's dividend yield for the trailing twelve months is around 3.30%, less than PTDIX's 9.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIRQX Fidelity Managed Retirement 2010 Fund	3.30%	3.14%	2.95%	2.75%	5.01%	6.00%	3.50%	3.15%	5.59%	16.31%	2.43%	4.08%
PTDIX Principal LifeTime 2040 Fund	9.29%	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

Can I hold both FIRQX and PTDIX in my portfolio?

FIRQX and PTDIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIRQX or PTDIX?

PTDIX has higher volatility (4.20%) compared to FIRQX (2.05%). In terms of maximum drawdown, FIRQX dropped -38.01% vs PTDIX's -54.38%.

Which has better risk-adjusted returns?

FIRQX currently has the higher Sharpe Ratio (2.19 vs 1.52), 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.