JBSSX vs. PTDIX

Last updated Jun 25, 2026

JBSSX (JPMorgan SmartRetirement Blend 2025 Fund) and PTDIX (Principal LifeTime 2040 Fund) are both Target Retirement Date funds. Over the past 10 years, JBSSX returned 7.31%/yr vs 10.70%/yr for PTDIX. With a 0.96 correlation, they move nearly in lockstep. JBSSX charges 0.30%/yr vs 0.01%/yr for PTDIX.

Performance

JBSSX vs. PTDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan SmartRetirement Blend 2025 Fund (JBSSX) 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, JBSSX achieves a 5.03% return, which is significantly lower than PTDIX's 5.52% return. Over the past 10 years, JBSSX has underperformed PTDIX with an annualized return of 7.31%, while PTDIX has yielded a comparatively higher 10.70% annualized return.

JBSSX

• 1D: -0.67%
• 1M: 0.30%
• YTD: 5.03%
• 6M: 4.50%
• 1Y: 12.79%
• 3Y*: 11.18%
• 5Y*: 4.89%
• 10Y*: 7.31%

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)

JBSSX vs. PTDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JBSSX JPMorgan SmartRetirement Blend 2025 Fund	5.03%	13.25%	5.46%	16.55%	-15.45%	8.82%	11.06%	18.45%	-6.00%	15.29%
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 JBSSX and PTDIX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.96

The correlation between JBSSX and PTDIX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

JBSSX vs. PTDIX — Risk / Return Rank

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

JBSSX

JBSSX Risk / Return Rank: 65
JBSSX Sharpe Ratio Rank: 65
JBSSX Sortino Ratio Rank: 66
JBSSX Omega Ratio Rank: 66
JBSSX Calmar Ratio Rank: 58
JBSSX Martin Ratio Rank: 68

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.

JBSSX vs. PTDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement Blend 2025 Fund (JBSSX) 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.

	JBSSX	PTDIX	Difference
Sharpe ratio: Return per unit of total volatility	2.05	1.52	+0.53
Sortino ratio: Return per unit of downside risk	2.96	2.16	+0.81
Omega ratio: Gain probability vs. loss probability	1.39	1.28	+0.11
Calmar ratio: Return relative to maximum drawdown	2.66	2.17	+0.49
Martin ratio: Return relative to average drawdown	11.63	9.43	+2.20

JBSSX vs. PTDIX - Sharpe Ratio Comparison

The current JBSSX Sharpe Ratio is 2.05, which is higher than the PTDIX Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of JBSSX 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

JBSSX vs. PTDIX - Drawdown Comparison

The maximum JBSSX drawdown since its inception was -21.91%, smaller than the maximum PTDIX drawdown of -54.38%. Use the drawdown chart below to compare losses from any high point for JBSSX and PTDIX.

Drawdown Indicators

	JBSSX	PTDIX	Difference
Max Drawdown Largest peak-to-trough decline	-21.91%	-54.38%	+32.47%
Max Drawdown (1Y) Largest decline over 1 year	-5.14%	-7.32%	+2.18%
Max Drawdown (3Y) Largest decline over 3 years	-7.48%	-13.05%	+5.57%
Max Drawdown (5Y) Largest decline over 5 years	-20.71%	-25.43%	+4.72%
Max Drawdown (10Y) Largest decline over 10 years	-21.91%	-30.02%	+8.11%
Current Drawdown Current decline from peak	-0.97%	-2.12%	+1.15%
Average Drawdown Average peak-to-trough decline	-3.37%	-7.48%	+4.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	1.68%	-0.51%

Volatility

JBSSX vs. PTDIX - Volatility Comparison

The current volatility for JPMorgan SmartRetirement Blend 2025 Fund (JBSSX) is 2.54%, while Principal LifeTime 2040 Fund (PTDIX) has a volatility of 4.20%. This indicates that JBSSX 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

	JBSSX	PTDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.54%	4.20%	-1.66%
Volatility (6M) Calculated over the trailing 6-month period	5.57%	8.64%	-3.07%
Volatility (1Y) Calculated over the trailing 1-year period	6.69%	10.46%	-3.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.78%	13.59%	-4.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.19%	13.80%	-4.61%

JBSSX vs. PTDIX - Expense Ratio Comparison

JBSSX has a 0.30% expense ratio, which is higher than PTDIX's 0.01% expense ratio.

Dividends

JBSSX vs. PTDIX - Dividend Comparison

JBSSX's dividend yield for the trailing twelve months is around 3.36%, less than PTDIX's 9.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JBSSX JPMorgan SmartRetirement Blend 2025 Fund	3.36%	3.53%	3.27%	2.75%	2.05%	5.11%	3.42%	3.15%	5.49%	2.04%	2.15%	2.13%
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 JBSSX and PTDIX in my portfolio?

With a correlation of 0.95, JBSSX 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.

Which is riskier, JBSSX or PTDIX?

PTDIX has higher volatility (4.20%) compared to JBSSX (2.54%). In terms of maximum drawdown, JBSSX dropped -21.91% vs PTDIX's -54.38%.

Which has better risk-adjusted returns?

JBSSX currently has the higher Sharpe Ratio (2.05 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.