PDRDX vs. FTHRX

Last updated Jun 13, 2026

PDRDX (Principal Diversified Real Asset Fund) and FTHRX (Fidelity Intermediate Bond Fund) are both mutual funds - PDRDX is a Global Allocation fund managed by Principal, while FTHRX is a Intermediate Core Bond fund actively managed by Fidelity. Over the past 10 years, PDRDX returned 6.35%/yr vs 2.00%/yr for FTHRX. At a 0.05 correlation, their price movements are largely independent. PDRDX charges 0.83%/yr vs 0.45%/yr for FTHRX.

Performance

PDRDX vs. FTHRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Diversified Real Asset Fund (PDRDX) and Fidelity Intermediate Bond Fund (FTHRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PDRDX achieves a 11.44% return, which is significantly higher than FTHRX's 0.15% return. Over the past 10 years, PDRDX has outperformed FTHRX with an annualized return of 6.35%, while FTHRX has yielded a comparatively lower 2.00% annualized return.

PDRDX

• 1D: 0.74%
• 1M: -2.51%
• YTD: 11.44%
• 6M: 12.28%
• 1Y: 19.27%
• 3Y*: 10.82%
• 5Y*: 5.81%
• 10Y*: 6.35%

FTHRX

• 1D: 0.29%
• 1M: 0.32%
• YTD: 0.15%
• 6M: 0.60%
• 1Y: 3.93%
• 3Y*: 4.57%
• 5Y*: 1.01%
• 10Y*: 2.00%

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

PDRDX vs. FTHRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PDRDX Principal Diversified Real Asset Fund	11.44%	14.63%	3.09%	3.22%	-6.19%	17.30%	3.97%	15.02%	-7.90%	10.18%
FTHRX Fidelity Intermediate Bond Fund	0.15%	6.89%	3.25%	5.55%	-9.17%	-1.60%	7.06%	7.20%	0.52%	2.31%

Correlation

The correlation between PDRDX and FTHRX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.14
Correlation (All Time) Calculated using the full available price history since Mar 17, 2010	0.05

Over the past year, PDRDX and FTHRX have become more correlated (0.29) than their long-term average of 0.05, meaning their price movements have been converging.

Return for Risk

PDRDX vs. FTHRX — Risk / Return Rank

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

PDRDX

PDRDX Risk / Return Rank: 79
PDRDX Sharpe Ratio Rank: 76
PDRDX Sortino Ratio Rank: 73
PDRDX Omega Ratio Rank: 74
PDRDX Calmar Ratio Rank: 84
PDRDX Martin Ratio Rank: 87

FTHRX

FTHRX Risk / Return Rank: 38
FTHRX Sharpe Ratio Rank: 39
FTHRX Sortino Ratio Rank: 45
FTHRX Omega Ratio Rank: 40
FTHRX Calmar Ratio Rank: 37
FTHRX Martin Ratio Rank: 29

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.

PDRDX vs. FTHRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Diversified Real Asset Fund (PDRDX) and Fidelity Intermediate Bond Fund (FTHRX). 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.

	PDRDX	FTHRX	Difference
Sharpe ratio: Return per unit of total volatility	2.13	1.42	+0.71
Sortino ratio: Return per unit of downside risk	2.92	2.21	+0.71
Omega ratio: Gain probability vs. loss probability	1.39	1.26	+0.13
Calmar ratio: Return relative to maximum drawdown	3.38	1.88	+1.50
Martin ratio: Return relative to average drawdown	13.83	5.37	+8.46

PDRDX vs. FTHRX - Sharpe Ratio Comparison

The current PDRDX Sharpe Ratio is 2.13, which is higher than the FTHRX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of PDRDX and FTHRX, 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

PDRDX vs. FTHRX - Drawdown Comparison

The maximum PDRDX drawdown since its inception was -28.55%, which is greater than FTHRX's maximum drawdown of -19.01%. Use the drawdown chart below to compare losses from any high point for PDRDX and FTHRX.

Drawdown Indicators

	PDRDX	FTHRX	Difference
Max Drawdown Largest peak-to-trough decline	-28.55%	-19.01%	-9.54%
Max Drawdown (1Y) Largest decline over 1 year	-5.88%	-2.11%	-3.77%
Max Drawdown (3Y) Largest decline over 3 years	-10.94%	-2.68%	-8.26%
Max Drawdown (5Y) Largest decline over 5 years	-19.35%	-13.18%	-6.17%
Max Drawdown (10Y) Largest decline over 10 years	-28.55%	-13.25%	-15.30%
Current Drawdown Current decline from peak	-2.93%	-1.09%	-1.84%
Average Drawdown Average peak-to-trough decline	-5.97%	-3.07%	-2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	0.73%	+0.70%

Volatility

PDRDX vs. FTHRX - Volatility Comparison

Principal Diversified Real Asset Fund (PDRDX) has a higher volatility of 2.94% compared to Fidelity Intermediate Bond Fund (FTHRX) at 0.91%. This indicates that PDRDX's price experiences larger fluctuations and is considered to be riskier than FTHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDRDX	FTHRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	0.91%	+2.03%
Volatility (6M) Calculated over the trailing 6-month period	7.83%	2.05%	+5.78%
Volatility (1Y) Calculated over the trailing 1-year period	9.31%	2.79%	+6.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.02%	4.03%	+6.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.81%	3.40%	+7.41%

PDRDX vs. FTHRX - Expense Ratio Comparison

PDRDX has a 0.83% expense ratio, which is higher than FTHRX's 0.45% expense ratio.

Dividends

PDRDX vs. FTHRX - Dividend Comparison

PDRDX's dividend yield for the trailing twelve months is around 3.85%, more than FTHRX's 3.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTHRX Fidelity Intermediate Bond Fund	3.69%	3.59%	3.49%	2.94%	1.55%	1.53%	4.16%	2.49%	2.48%	2.20%	2.63%	2.13%
PDRDX Principal Diversified Real Asset Fund	3.85%	4.19%	2.43%	2.52%	12.88%	6.56%	0.52%	2.36%	3.47%	2.21%	2.61%	0.99%

Frequently Asked Questions

Can I hold both PDRDX and FTHRX in my portfolio?

PDRDX and FTHRX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PDRDX or FTHRX?

PDRDX has higher volatility (2.94%) compared to FTHRX (0.91%). In terms of maximum drawdown, PDRDX dropped -28.55% vs FTHRX's -19.01%.

Which has better risk-adjusted returns?

PDRDX currently has the higher Sharpe Ratio (2.13 vs 1.42), 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.