PATVX vs. PLWIX
PATVX (T. Rowe Price Target 2035 Fund) and PLWIX (Principal LifeTime 2020 Fund) are both Target Retirement Date funds. Over the past 10 years, PATVX returned 8.20%/yr vs 7.07%/yr for PLWIX. Their correlation of 0.95 means they have usually moved in the same direction. PATVX charges 0.83%/yr vs 0.01%/yr for PLWIX.
Performance
PATVX vs. PLWIX - Performance Comparison
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Returns By Period
In the year-to-date period, PATVX achieves a 7.02% return, which is significantly higher than PLWIX's 3.96% return. Over the past 10 years, PATVX has outperformed PLWIX with an annualized return of 8.20%, while PLWIX has yielded a comparatively lower 7.07% annualized return.
PATVX
- 1D
- 1.11%
- 1M
- -0.23%
- 6M
- 3.83%
- YTD
- 7.02%
- 1Y
- 14.75%
- 3Y*
- 11.64%
- 5Y*
- 5.80%
- 10Y*
- 8.20%
- ALL TIME*
- 7.86%
PLWIX
- 1D
- 0.72%
- 1M
- -0.16%
- 6M
- 2.52%
- YTD
- 3.96%
- 1Y
- 9.09%
- 3Y*
- 10.38%
- 5Y*
- 4.88%
- 10Y*
- 7.07%
- ALL TIME*
- 5.98%
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 |
PATVX vs. PLWIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PATVX T. Rowe Price Target 2035 Fund | 7.02% | 14.12% | 10.28% | 15.63% | -16.79% | 12.51% | 15.16% | 20.62% | -6.13% | 16.13% |
PLWIX Principal LifeTime 2020 Fund | 3.96% | 11.32% | 12.21% | 12.23% | -14.36% | 9.05% | 12.70% | 18.40% | -5.72% | 14.96% |
Correlation
The correlation between PATVX and PLWIX 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. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2013 | 0.95 |
The correlation between PATVX and PLWIX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
PATVX vs. PLWIX — Risk / Return Rank
PATVX
PLWIX
PATVX vs. PLWIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Target 2035 Fund (PATVX) and Principal LifeTime 2020 Fund (PLWIX). 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.
| PATVX | PLWIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.81 | +0.28 |
| Martin ratioReturn relative to average drawdown | 8.82 | 7.75 | +1.07 |
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Drawdowns
PATVX vs. PLWIX - Drawdown Comparison
The maximum PATVX drawdown since its inception was -26.76%, smaller than the maximum PLWIX drawdown of -49.07%. Use the drawdown chart below to compare losses from any high point for PATVX and PLWIX.
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Drawdown Indicators
| PATVX | PLWIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.76% | -49.07% | +22.31% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -4.75% | -2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -10.74% | -6.97% | -3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -23.82% | -19.73% | -4.09% |
Max Drawdown (10Y)Largest decline over 10 years | -26.76% | -20.29% | -6.47% |
Current DrawdownCurrent decline from peak | -0.86% | -0.71% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -5.69% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.11% | +0.48% |
Volatility
PATVX vs. PLWIX - Volatility Comparison
T. Rowe Price Target 2035 Fund (PATVX) has a higher volatility of 2.31% compared to Principal LifeTime 2020 Fund (PLWIX) at 1.73%. This indicates that PATVX's price experiences larger fluctuations and is considered to be riskier than PLWIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PATVX | PLWIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 1.73% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 7.43% | 5.32% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.96% | 6.39% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.91% | 8.29% | +2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.32% | 8.52% | +2.80% |
PATVX vs. PLWIX - Expense Ratio Comparison
PATVX has a 0.83% expense ratio, which is higher than PLWIX's 0.01% expense ratio.
Dividends
PATVX vs. PLWIX - Dividend Comparison
PATVX's dividend yield for the trailing twelve months is around 6.57%, less than PLWIX's 9.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PATVX T. Rowe Price Target 2035 Fund | 6.57% | 7.03% | 3.58% | 3.00% | 5.31% | 3.38% | 2.93% | 3.77% | 5.30% | 1.72% | 2.19% | 2.39% |
PLWIX Principal LifeTime 2020 Fund | 9.70% | 10.08% | 11.91% | 5.12% | 9.82% | 9.40% | 5.90% | 8.69% | 7.35% | 5.74% | 3.73% | 8.75% |
Frequently Asked Questions
With a correlation of 0.94, PATVX and PLWIX 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.
PATVX has higher volatility (2.31%) compared to PLWIX (1.73%). In terms of maximum drawdown, PATVX dropped -26.76% vs PLWIX's -49.07%.
PATVX currently has the higher Sharpe Ratio (1.58 vs 1.35), 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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