PEMGX vs. PTDIX

Last updated Jul 18, 2026

PEMGX (Principal MidCap Fund Class A) and PTDIX (Principal LifeTime 2040 Fund) are both mutual funds - PEMGX is a Mid Cap Blend Equities fund actively managed by Principal, while PTDIX is a Target Retirement Date fund managed by Principal. Over the past 10 years, PEMGX returned 11.74%/yr vs 10.29%/yr for PTDIX. Their correlation of 0.92 suggests significant overlap in exposure. PEMGX charges 0.91%/yr vs 0.01%/yr for PTDIX.

Performance

PEMGX vs. PTDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal MidCap Fund Class A (PEMGX) and Principal LifeTime 2040 Fund (PTDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PEMGX achieves a -3.31% return, which is significantly lower than PTDIX's 6.96% return. Over the past 10 years, PEMGX has outperformed PTDIX with an annualized return of 11.74%, while PTDIX has yielded a comparatively lower 10.29% annualized return.

PEMGX

• 1D: 1.29%
• 1M: 3.55%
• 6M: -6.10%
• YTD: -3.31%
• 1Y: -7.99%
• 3Y*: 8.98%
• 5Y*: 5.15%
• 10Y*: 11.74%

PTDIX

• 1D: -0.28%
• 1M: 0.68%
• 6M: 4.70%
• YTD: 6.96%
• 1Y: 14.26%
• 3Y*: 15.08%
• 5Y*: 7.99%
• 10Y*: 10.29%

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

PEMGX vs. PTDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PEMGX Principal MidCap Fund Class A	-3.31%	1.39%	23.50%	25.60%	-23.35%	24.87%	17.95%	49.15%	-7.10%	24.93%
PTDIX Principal LifeTime 2040 Fund	6.96%	15.59%	17.43%	18.33%	-18.13%	15.35%	16.04%	24.91%	-7.95%	20.69%

Correlation

The correlation between PEMGX and PTDIX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Mar 2, 2001	0.92

Over the past year, the correlation between PEMGX and PTDIX has dropped to 0.70 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.

Return for Risk

PEMGX vs. PTDIX — Risk / Return Rank

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

PEMGX

PEMGX Risk / Return Rank: 1
PEMGX Sharpe Ratio Rank: 1
PEMGX Sortino Ratio Rank: 1
PEMGX Omega Ratio Rank: 1
PEMGX Calmar Ratio Rank: 1
PEMGX Martin Ratio Rank: 1

PTDIX

PTDIX Risk / Return Rank: 40
PTDIX Sharpe Ratio Rank: 37
PTDIX Sortino Ratio Rank: 36
PTDIX Omega Ratio Rank: 37
PTDIX Calmar Ratio Rank: 40
PTDIX Martin Ratio Rank: 52

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.

PEMGX vs. PTDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Fund Class A (PEMGX) and Principal LifeTime 2040 Fund (PTDIX). 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.

	PEMGX	PTDIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.49	1.43	-1.91
Sortino ratio: Return per unit of downside risk	-0.60	2.02	-2.62
Omega ratio: Gain probability vs. loss probability	0.93	1.26	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.37	2.04	-2.41
Martin ratio: Return relative to average drawdown	-0.74	8.76	-9.50

PEMGX vs. PTDIX - Sharpe Ratio Comparison

The current PEMGX Sharpe Ratio is -0.49, which is lower than the PTDIX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of PEMGX and PTDIX, 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

PEMGX vs. PTDIX - Drawdown Comparison

The maximum PEMGX drawdown since its inception was -84.41%, which is greater than PTDIX's maximum drawdown of -54.38%. Use the drawdown chart below to compare losses from any high point for PEMGX and PTDIX.

Drawdown Indicators

	PEMGX	PTDIX	Difference
Max Drawdown Largest peak-to-trough decline	-84.41%	-54.38%	-30.03%
Max Drawdown (1Y) Largest decline over 1 year	-19.38%	-7.32%	-12.06%
Max Drawdown (3Y) Largest decline over 3 years	-19.38%	-13.05%	-6.33%
Max Drawdown (5Y) Largest decline over 5 years	-31.34%	-25.43%	-5.91%
Max Drawdown (10Y) Largest decline over 10 years	-40.58%	-30.02%	-10.56%
Current Drawdown Current decline from peak	-9.70%	-0.78%	-8.92%
Average Drawdown Average peak-to-trough decline	-33.20%	-7.46%	-25.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.69%	1.70%	+7.99%

Volatility

PEMGX vs. PTDIX - Volatility Comparison

Principal MidCap Fund Class A (PEMGX) has a higher volatility of 3.93% compared to Principal LifeTime 2040 Fund (PTDIX) at 2.89%. This indicates that PEMGX's price experiences larger fluctuations and is considered to be riskier than PTDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEMGX	PTDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.93%	2.89%	+1.04%
Volatility (6M) Calculated over the trailing 6-month period	11.74%	8.72%	+3.02%
Volatility (1Y) Calculated over the trailing 1-year period	14.76%	10.48%	+4.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.73%	13.59%	+5.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.11%	13.76%	+5.35%

PEMGX vs. PTDIX - Expense Ratio Comparison

PEMGX has a 0.91% expense ratio, which is higher than PTDIX's 0.01% expense ratio.

Dividends

PEMGX vs. PTDIX - Dividend Comparison

PEMGX's dividend yield for the trailing twelve months is around 6.32%, less than PTDIX's 9.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PEMGX Principal MidCap Fund Class A	6.32%	6.11%	6.55%	2.58%	3.31%	8.24%	1.12%	9.02%	12.48%	3.32%	2.25%	6.28%
PTDIX Principal LifeTime 2040 Fund	9.16%	9.80%	12.28%	4.40%	8.61%	8.92%	6.01%	7.26%	9.28%	6.07%	4.86%	6.73%

Frequently Asked Questions

Can I hold both PEMGX and PTDIX in my portfolio?

PEMGX and PTDIX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PEMGX or PTDIX?

PEMGX has higher volatility (3.93%) compared to PTDIX (2.89%). In terms of maximum drawdown, PEMGX dropped -84.41% vs PTDIX's -54.38%.

Which has better risk-adjusted returns?

PTDIX currently has the higher Sharpe Ratio (1.43 vs -0.49), 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.