JMSSX vs. PLTZX

Last updated Jun 4, 2026

JMSSX (JPMorgan SmartRetirement Blend 2045 Fund) and PLTZX (Principal LifeTime 2060 Fund) are both Target Retirement Date funds. Over the past 10 years, JMSSX returned 10.89%/yr vs 11.62%/yr for PLTZX. With a 0.98 correlation, they move nearly in lockstep. JMSSX charges 0.32%/yr vs 0.01%/yr for PLTZX.

Performance

JMSSX vs. PLTZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan SmartRetirement Blend 2045 Fund (JMSSX) and Principal LifeTime 2060 Fund (PLTZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JMSSX achieves a 11.53% return, which is significantly higher than PLTZX's 9.67% return. Over the past 10 years, JMSSX has underperformed PLTZX with an annualized return of 10.89%, while PLTZX has yielded a comparatively higher 11.62% annualized return.

JMSSX

• 1D: 0.38%
• 1M: 4.80%
• YTD: 11.53%
• 6M: 12.14%
• 1Y: 26.44%
• 3Y*: 18.38%
• 5Y*: 9.20%
• 10Y*: 10.89%

PLTZX

• 1D: 0.44%
• 1M: 4.72%
• YTD: 9.67%
• 6M: 10.04%
• 1Y: 22.84%
• 3Y*: 18.70%
• 5Y*: 9.32%
• 10Y*: 11.62%

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

JMSSX vs. PLTZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JMSSX JPMorgan SmartRetirement Blend 2045 Fund	11.53%	19.37%	11.32%	21.95%	-17.78%	16.15%	12.91%	24.54%	-8.59%	20.17%
PLTZX Principal LifeTime 2060 Fund	9.67%	17.76%	16.89%	20.36%	-18.81%	18.12%	16.60%	27.54%	-9.24%	22.68%

Correlation

The correlation between JMSSX and PLTZX is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Mar 5, 2013	0.98

The correlation between JMSSX and PLTZX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

JMSSX vs. PLTZX — Risk / Return Rank

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

JMSSX

JMSSX Risk / Return Rank: 66
JMSSX Sharpe Ratio Rank: 66
JMSSX Sortino Ratio Rank: 64
JMSSX Omega Ratio Rank: 62
JMSSX Calmar Ratio Rank: 67
JMSSX Martin Ratio Rank: 74

PLTZX

PLTZX Risk / Return Rank: 49
PLTZX Sharpe Ratio Rank: 45
PLTZX Sortino Ratio Rank: 44
PLTZX Omega Ratio Rank: 45
PLTZX Calmar Ratio Rank: 49
PLTZX Martin Ratio Rank: 61

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.

JMSSX vs. PLTZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement Blend 2045 Fund (JMSSX) and Principal LifeTime 2060 Fund (PLTZX). 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.

	JMSSX	PLTZX	Difference
Sharpe ratio: Return per unit of total volatility	2.40	1.98	+0.42
Sortino ratio: Return per unit of downside risk	3.36	2.79	+0.57
Omega ratio: Gain probability vs. loss probability	1.44	1.37	+0.07
Calmar ratio: Return relative to maximum drawdown	3.15	2.68	+0.46
Martin ratio: Return relative to average drawdown	13.98	12.08	+1.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JMSSX vs. PLTZX - Sharpe Ratio Comparison

The current JMSSX Sharpe Ratio is 2.40, which is comparable to the PLTZX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of JMSSX and PLTZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JMSSX	PLTZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	1.98	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.61	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.73	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.70	-0.01

Drawdowns

JMSSX vs. PLTZX - Drawdown Comparison

The maximum JMSSX drawdown since its inception was -32.68%, roughly equal to the maximum PLTZX drawdown of -34.01%. Use the drawdown chart below to compare losses from any high point for JMSSX and PLTZX.

Drawdown Indicators

	JMSSX	PLTZX	Difference
Max Drawdown Largest peak-to-trough decline	-32.68%	-34.01%	+1.33%
Max Drawdown (1Y) Largest decline over 1 year	-8.54%	-8.70%	+0.16%
Max Drawdown (3Y) Largest decline over 3 years	-14.68%	-15.73%	+1.05%
Max Drawdown (5Y) Largest decline over 5 years	-26.06%	-26.79%	+0.73%
Max Drawdown (10Y) Largest decline over 10 years	-32.68%	-34.01%	+1.33%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.40%	-4.63%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.93%	-0.01%

Volatility

JMSSX vs. PLTZX - Volatility Comparison

JPMorgan SmartRetirement Blend 2045 Fund (JMSSX) has a higher volatility of 3.48% compared to Principal LifeTime 2060 Fund (PLTZX) at 3.30%. This indicates that JMSSX's price experiences larger fluctuations and is considered to be riskier than PLTZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMSSX	PLTZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	3.30%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	8.92%	9.44%	-0.52%
Volatility (1Y) Calculated over the trailing 1-year period	11.19%	11.80%	-0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.43%	15.46%	-1.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.40%	15.99%	-0.59%

JMSSX vs. PLTZX - Expense Ratio Comparison

JMSSX has a 0.32% expense ratio, which is higher than PLTZX's 0.01% expense ratio.

Dividends

JMSSX vs. PLTZX - Dividend Comparison

JMSSX's dividend yield for the trailing twelve months is around 2.03%, less than PLTZX's 7.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JMSSX JPMorgan SmartRetirement Blend 2045 Fund	2.03%	2.27%	2.04%	1.94%	1.73%	3.92%	1.20%	2.39%	5.57%	1.91%	2.02%	2.06%
PLTZX Principal LifeTime 2060 Fund	7.60%	8.33%	7.85%	4.12%	8.44%	5.29%	3.60%	5.86%	5.75%	2.73%	3.48%	3.29%

Frequently Asked Questions

Can I hold both JMSSX and PLTZX in my portfolio?

With a correlation of 0.97, JMSSX and PLTZX 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, JMSSX or PLTZX?

JMSSX has higher volatility (3.48%) compared to PLTZX (3.30%). In terms of maximum drawdown, JMSSX dropped -32.68% vs PLTZX's -34.01%.

Which has better risk-adjusted returns?

JMSSX currently has the higher Sharpe Ratio (2.40 vs 1.98), 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.