FLRLX vs. LTRIX
FLRLX (Franklin LifeSmart 2045 Retirement Target Fund) and LTRIX (Principal LifeTime 2045 Fund) are both Target Retirement Date funds. Over the past 10 years, FLRLX returned 10.74%/yr vs 10.66%/yr for LTRIX. Their 0.96 correlation means they have historically moved very closely together. FLRLX charges 0.25%/yr vs 0.01%/yr for LTRIX.
Performance
FLRLX vs. LTRIX - Performance Comparison
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Returns By Period
In the year-to-date period, FLRLX achieves a 9.29% return, which is significantly higher than LTRIX's 7.81% return. Both investments have delivered pretty close results over the past 10 years, with FLRLX having a 10.74% annualized return and LTRIX not far behind at 10.66%.
FLRLX
- 1D
- 2.02%
- 1M
- -0.37%
- 6M
- 6.22%
- YTD
- 9.29%
- 1Y
- 20.61%
- 3Y*
- 16.28%
- 5Y*
- 9.16%
- 10Y*
- 10.74%
- ALL TIME*
- 9.33%
LTRIX
- 1D
- 1.55%
- 1M
- 0.31%
- 6M
- 5.25%
- YTD
- 7.81%
- 1Y
- 16.35%
- 3Y*
- 15.23%
- 5Y*
- 8.14%
- 10Y*
- 10.66%
- ALL TIME*
- 8.18%
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 |
FLRLX vs. LTRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLRLX Franklin LifeSmart 2045 Retirement Target Fund | 9.29% | 20.46% | 14.99% | 18.90% | -17.36% | 17.28% | 16.02% | 22.52% | -7.14% | 19.04% |
LTRIX Principal LifeTime 2045 Fund | 7.81% | 16.69% | 16.90% | 19.40% | -18.51% | 16.55% | 16.33% | 25.81% | -8.34% | 21.38% |
Correlation
The correlation between FLRLX and LTRIX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2015 | 0.96 |
The correlation between FLRLX and LTRIX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
FLRLX vs. LTRIX — Risk / Return Rank
FLRLX
LTRIX
FLRLX vs. LTRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin LifeSmart 2045 Retirement Target Fund (FLRLX) and Principal LifeTime 2045 Fund (LTRIX). 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.
| FLRLX | LTRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 1.82 | +0.31 |
| Martin ratioReturn relative to average drawdown | 9.01 | 7.79 | +1.22 |
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Drawdowns
FLRLX vs. LTRIX - Drawdown Comparison
The maximum FLRLX drawdown since its inception was -36.66%, smaller than the maximum LTRIX drawdown of -51.39%. Use the drawdown chart below to compare losses from any high point for FLRLX and LTRIX.
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Drawdown Indicators
| FLRLX | LTRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.66% | -51.39% | +14.73% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -8.04% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -14.50% | -14.47% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -36.66% | -26.25% | -10.41% |
Max Drawdown (10Y)Largest decline over 10 years | -36.66% | -31.56% | -5.10% |
Current DrawdownCurrent decline from peak | -1.75% | -0.84% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -7.93% | -7.15% | -0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 1.88% | +0.23% |
Volatility
FLRLX vs. LTRIX - Volatility Comparison
Franklin LifeSmart 2045 Retirement Target Fund (FLRLX) has a higher volatility of 3.82% compared to Principal LifeTime 2045 Fund (LTRIX) at 3.18%. This indicates that FLRLX's price experiences larger fluctuations and is considered to be riskier than LTRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLRLX | LTRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 3.18% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 10.38% | 9.65% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.38% | 11.66% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.20% | 14.70% | +3.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.38% | 14.77% | +1.61% |
FLRLX vs. LTRIX - Expense Ratio Comparison
FLRLX has a 0.25% expense ratio, which is higher than LTRIX's 0.01% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FLRLX vs. LTRIX - Dividend Comparison
FLRLX's dividend yield for the trailing twelve months is around 6.14%, less than LTRIX's 8.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRLX Franklin LifeSmart 2045 Retirement Target Fund | 6.14% | 6.74% | 3.17% | 2.49% | 4.28% | 21.72% | 4.14% | 3.20% | 6.45% | 2.33% | 2.44% | 4.46% |
LTRIX Principal LifeTime 2045 Fund | 8.63% | 9.31% | 9.40% | 4.25% | 8.71% | 6.75% | 4.62% | 6.93% | 7.50% | 4.57% | 4.48% | 5.42% |
Frequently Asked Questions
With a correlation of 0.98, FLRLX and LTRIX 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.
FLRLX has higher volatility (3.82%) compared to LTRIX (3.18%). In terms of maximum drawdown, FLRLX dropped -36.66% vs LTRIX's -51.39%.
FLRLX currently has the higher Sharpe Ratio (1.54 vs 1.26), 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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