PAJRX vs. LTRIX
PAJRX (T. Rowe Price Target 2025 Fund) and LTRIX (Principal LifeTime 2045 Fund) are both Target Retirement Date funds. Over the past 10 years, PAJRX returned 6.57%/yr vs 10.66%/yr for LTRIX. Their correlation of 0.94 means they have usually moved in the same direction. PAJRX charges 0.77%/yr vs 0.01%/yr for LTRIX.
Performance
PAJRX vs. LTRIX - Performance Comparison
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Returns By Period
In the year-to-date period, PAJRX achieves a 4.88% return, which is significantly lower than LTRIX's 7.81% return. Over the past 10 years, PAJRX has underperformed LTRIX with an annualized return of 6.57%, while LTRIX has yielded a comparatively higher 10.66% annualized return.
PAJRX
- 1D
- 0.71%
- 1M
- -0.28%
- 6M
- 2.60%
- YTD
- 4.88%
- 1Y
- 10.42%
- 3Y*
- 9.21%
- 5Y*
- 4.31%
- 10Y*
- 6.57%
- ALL TIME*
- 6.38%
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 |
PAJRX vs. LTRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAJRX T. Rowe Price Target 2025 Fund | 4.88% | 11.19% | 8.25% | 12.09% | -14.19% | 9.85% | 13.00% | 17.49% | -4.84% | 12.62% |
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 PAJRX and LTRIX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2013 | 0.94 |
The correlation between PAJRX and LTRIX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
PAJRX vs. LTRIX — Risk / Return Rank
PAJRX
LTRIX
PAJRX vs. LTRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Target 2025 Fund (PAJRX) 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.
| PAJRX | LTRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.23 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.82 | +0.28 |
| Martin ratioReturn relative to average drawdown | 8.95 | 7.79 | +1.16 |
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Drawdowns
PAJRX vs. LTRIX - Drawdown Comparison
The maximum PAJRX drawdown since its inception was -22.48%, smaller than the maximum LTRIX drawdown of -51.39%. Use the drawdown chart below to compare losses from any high point for PAJRX and LTRIX.
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Drawdown Indicators
| PAJRX | LTRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -51.39% | +28.91% |
Max Drawdown (1Y)Largest decline over 1 year | -4.86% | -8.04% | +3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -7.27% | -14.47% | +7.20% |
Max Drawdown (5Y)Largest decline over 5 years | -19.72% | -26.25% | +6.53% |
Max Drawdown (10Y)Largest decline over 10 years | -22.48% | -31.56% | +9.08% |
Current DrawdownCurrent decline from peak | -0.77% | -0.84% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -3.31% | -7.15% | +3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 1.88% | -0.76% |
Volatility
PAJRX vs. LTRIX - Volatility Comparison
The current volatility for T. Rowe Price Target 2025 Fund (PAJRX) is 1.58%, while Principal LifeTime 2045 Fund (LTRIX) has a volatility of 3.18%. This indicates that PAJRX experiences smaller price fluctuations and is considered to be less risky 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
| PAJRX | LTRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 3.18% | -1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 5.24% | 9.65% | -4.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.31% | 11.66% | -5.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.93% | 14.70% | -6.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.62% | 14.77% | -6.15% |
PAJRX vs. LTRIX - Expense Ratio Comparison
PAJRX has a 0.77% expense ratio, which is higher than LTRIX's 0.01% expense ratio.
Dividends
PAJRX vs. LTRIX - Dividend Comparison
PAJRX's dividend yield for the trailing twelve months is around 6.56%, less than LTRIX's 8.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PAJRX T. Rowe Price Target 2025 Fund | 6.56% | 6.88% | 5.29% | 3.57% | 7.51% | 4.03% | 3.21% | 3.39% | 4.61% | 1.71% | 1.53% | 1.64% |
Frequently Asked Questions
With a correlation of 0.94, PAJRX 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.
LTRIX has higher volatility (3.18%) compared to PAJRX (1.58%). In terms of maximum drawdown, PAJRX dropped -22.48% vs LTRIX's -51.39%.
PAJRX currently has the higher Sharpe Ratio (1.62 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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