FIXRX vs. PLWIX

Last updated Jul 14, 2026

FIXRX (Fidelity Managed Retirement 2025 Fund) and PLWIX (Principal LifeTime 2020 Fund) are both Target Retirement Date funds. With a 0.97 correlation, they move nearly in lockstep. FIXRX charges 0.48%/yr vs 0.01%/yr for PLWIX.

Performance

FIXRX vs. PLWIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Retirement 2025 Fund (FIXRX) and Principal LifeTime 2020 Fund (PLWIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FIXRX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PLWIX

• 1D: 0.08%
• 1M: 0.32%
• 6M: 2.85%
• YTD: 4.29%
• 1Y: 9.78%
• 3Y*: 11.21%
• 5Y*: 5.00%
• 10Y*: 7.19%

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

FIXRX vs. PLWIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIXRX Fidelity Managed Retirement 2025 Fund	4.52%	13.42%	6.56%	11.83%	-15.65%	8.00%	13.10%	17.51%	-5.07%	14.27%
PLWIX Principal LifeTime 2020 Fund	4.29%	11.32%	12.21%	12.23%	-14.36%	9.05%	12.70%	18.40%	-5.72%	14.96%

Correlation

The correlation between FIXRX and PLWIX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Dec 31, 2007	0.97

The correlation between FIXRX and PLWIX has been stable across timeframes, ranging from 0.90 to 0.97 - a consistent structural relationship.

Return for Risk

FIXRX vs. PLWIX — Risk / Return Rank

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

FIXRX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

PLWIX

PLWIX Risk / Return Rank: 46
PLWIX Sharpe Ratio Rank: 45
PLWIX Sortino Ratio Rank: 45
PLWIX Omega Ratio Rank: 47
PLWIX Calmar Ratio Rank: 42
PLWIX Martin Ratio Rank: 54

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.

FIXRX vs. PLWIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2025 Fund (FIXRX) and Principal LifeTime 2020 Fund (PLWIX). 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.

	FIXRX	PLWIX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.49	—
Sortino ratio: Return per unit of downside risk	—	2.15	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	1.98	—
Martin ratio: Return relative to average drawdown	—	8.60	—

Drawdowns

Drawdown Indicators

	FIXRX	PLWIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-49.07%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-4.75%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.97%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.73%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-20.29%	—
Current Drawdown Current decline from peak	—	-0.39%	—
Average Drawdown Average peak-to-trough decline	—	-5.70%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.09%	—

Volatility

Volatility by Period

	FIXRX	PLWIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	6.28%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	8.29%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	8.51%	—

FIXRX vs. PLWIX - Expense Ratio Comparison

FIXRX has a 0.48% expense ratio, which is higher than PLWIX's 0.01% expense ratio.

Dividends

FIXRX vs. PLWIX - Dividend Comparison

FIXRX's dividend yield for the trailing twelve months is around 3.58%, less than PLWIX's 9.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIXRX Fidelity Managed Retirement 2025 Fund	3.58%	2.67%	2.59%	2.44%	4.74%	5.12%	3.58%	3.87%	7.10%	24.84%	2.44%	4.49%
PLWIX Principal LifeTime 2020 Fund	9.67%	10.08%	11.91%	5.12%	9.82%	9.40%	5.90%	8.69%	7.35%	5.74%	3.73%	8.75%

Frequently Asked Questions

Can I hold both FIXRX and PLWIX in my portfolio?

With a correlation of 0.90, FIXRX and PLWIX 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.