PAIRX vs. PLTZX
PAIRX (T. Rowe Price Target 2020 Fund) and PLTZX (Principal LifeTime 2060 Fund) are both Target Retirement Date funds. Over the past 10 years, PAIRX returned 6.14%/yr vs 11.56%/yr for PLTZX. Their correlation of 0.92 suggests significant overlap in exposure. PAIRX charges 0.75%/yr vs 0.01%/yr for PLTZX.
Performance
PAIRX vs. PLTZX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PAIRX achieves a 4.74% return, which is significantly lower than PLTZX's 8.24% return. Over the past 10 years, PAIRX has underperformed PLTZX with an annualized return of 6.14%, while PLTZX has yielded a comparatively higher 11.56% annualized return.
PAIRX
- 1D
- 0.08%
- 1M
- 0.00%
- 6M
- 4.49%
- YTD
- 4.74%
- 1Y
- 9.75%
- 3Y*
- 9.39%
- 5Y*
- 4.08%
- 10Y*
- 6.14%
PLTZX
- 1D
- 0.15%
- 1M
- -0.44%
- 6M
- 7.32%
- YTD
- 8.24%
- 1Y
- 16.01%
- 3Y*
- 16.87%
- 5Y*
- 8.63%
- 10Y*
- 11.56%
PAIRX vs. PLTZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAIRX T. Rowe Price Target 2020 Fund | 4.74% | 10.70% | 7.69% | 11.09% | -13.39% | 8.34% | 11.73% | 16.17% | -4.25% | 11.01% |
PLTZX Principal LifeTime 2060 Fund | 8.24% | 17.76% | 16.89% | 20.36% | -18.81% | 18.12% | 16.60% | 27.54% | -9.24% | 22.68% |
Correlation
The correlation between PAIRX and PLTZX is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2013 | 0.92 |
The correlation between PAIRX and PLTZX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PAIRX vs. PLTZX — Risk / Return Rank
PAIRX
PLTZX
PAIRX vs. PLTZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Target 2020 Fund (PAIRX) 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.
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.
| PAIRX | PLTZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.25 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 1.94 | +0.33 |
| Martin ratioReturn relative to average drawdown | 9.79 | 8.40 | +1.40 |
Loading charts...
Drawdowns
PAIRX vs. PLTZX - Drawdown Comparison
The maximum PAIRX drawdown since its inception was -20.25%, smaller than the maximum PLTZX drawdown of -34.01%. Use the drawdown chart below to compare losses from any high point for PAIRX and PLTZX.
Loading charts...
Drawdown Indicators
| PAIRX | PLTZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.25% | -34.01% | +13.76% |
Max Drawdown (1Y)Largest decline over 1 year | -4.52% | -8.70% | +4.18% |
Max Drawdown (3Y)Largest decline over 3 years | -6.45% | -15.73% | +9.28% |
Max Drawdown (5Y)Largest decline over 5 years | -18.43% | -26.79% | +8.36% |
Max Drawdown (10Y)Largest decline over 10 years | -20.25% | -34.01% | +13.76% |
Current DrawdownCurrent decline from peak | -0.38% | -1.31% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -4.61% | +1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 2.01% | -0.98% |
Volatility
PAIRX vs. PLTZX - Volatility Comparison
The current volatility for T. Rowe Price Target 2020 Fund (PAIRX) is 2.31%, while Principal LifeTime 2060 Fund (PLTZX) has a volatility of 5.15%. This indicates that PAIRX experiences smaller price fluctuations and is considered to be less risky than PLTZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PAIRX | PLTZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 5.15% | -2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 4.87% | 10.49% | -5.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.77% | 12.56% | -6.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.09% | 15.60% | -8.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.51% | 15.93% | -8.42% |
PAIRX vs. PLTZX - Expense Ratio Comparison
PAIRX has a 0.75% expense ratio, which is higher than PLTZX's 0.01% expense ratio.
Dividends
PAIRX vs. PLTZX - Dividend Comparison
PAIRX's dividend yield for the trailing twelve months is around 5.18%, less than PLTZX's 7.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAIRX T. Rowe Price Target 2020 Fund | 5.18% | 5.42% | 5.55% | 4.00% | 8.22% | 4.79% | 4.56% | 3.33% | 4.74% | 1.67% | 1.23% | 1.13% |
PLTZX Principal LifeTime 2060 Fund | 7.70% | 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
With a correlation of 0.92, PAIRX 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.
PLTZX has higher volatility (5.15%) compared to PAIRX (2.31%). In terms of maximum drawdown, PAIRX dropped -20.25% vs PLTZX's -34.01%.
PAIRX currently has the higher Sharpe Ratio (1.78 vs 1.34), 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.
Find the right allocation for PAIRX and PLTZX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer