PGDIX vs. LTRIX

Last updated Aug 4, 2026

PGDIX (Principal Diversified Income Fund) and LTRIX (Principal LifeTime 2045 Fund) are both mutual funds - PGDIX is a Multisector Bonds fund managed by Principal, while LTRIX is a Target Retirement Date fund managed by Principal. Over the past 10 years, PGDIX returned 3.65%/yr vs 10.78%/yr for LTRIX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. PGDIX charges 0.68%/yr vs 0.01%/yr for LTRIX.

Performance

PGDIX vs. LTRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Diversified Income Fund (PGDIX) and Principal LifeTime 2045 Fund (LTRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PGDIX achieves a -0.82% return, which is significantly lower than LTRIX's 8.14% return. Over the past 10 years, PGDIX has underperformed LTRIX with an annualized return of 3.65%, while LTRIX has yielded a comparatively higher 10.78% annualized return.

PGDIX

• 1D: -0.26%
• 1M: -0.72%
• 6M: -1.13%
• YTD: -0.82%
• 1Y: 1.09%
• 3Y*: 5.26%
• 5Y*: 1.83%
• 10Y*: 3.65%
• ALL TIME*: 7.15%

LTRIX

• 1D: 0.30%
• 1M: 0.61%
• 6M: 5.04%
• YTD: 8.14%
• 1Y: 16.71%
• 3Y*: 15.51%
• 5Y*: 8.20%
• 10Y*: 10.78%
• ALL TIME*: 8.19%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LTRIX Principal LifeTime 2045 Fund	$0.00	$0.00	$0.00
PGDIX Principal Diversified Income Fund	$0.00	$0.00	$0.00

PGDIX vs. LTRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PGDIX Principal Diversified Income Fund	-0.82%	6.50%	5.44%	8.53%	-11.20%	8.66%	1.89%	13.77%	-5.38%	10.23%
LTRIX Principal LifeTime 2045 Fund	8.14%	16.69%	16.90%	19.40%	-18.51%	16.55%	16.33%	25.81%	-8.34%	21.38%

Correlation

The correlation between PGDIX and LTRIX is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.61
Correlation (3Y) Balances recent behavior with more history.	0.48
Correlation (5Y) Shows whether the relationship held over a longer period.	0.55
Correlation (10Y) Provides a long-term view across more market conditions.	0.65
Correlation (All Time) Calculated using the full available price history since Dec 16, 2008	0.71

The correlation between PGDIX and LTRIX shifts across timeframes, from 0.47 (3 years) to 0.71 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PGDIX vs. LTRIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PGDIX

PGDIX Risk / Return Rank: 10
PGDIX Sharpe Ratio Rank: 11
PGDIX Sortino Ratio Rank: 9
PGDIX Omega Ratio Rank: 11
PGDIX Calmar Ratio Rank: 8
PGDIX Martin Ratio Rank: 9

LTRIX

LTRIX Risk / Return Rank: 47
LTRIX Sharpe Ratio Rank: 43
LTRIX Sortino Ratio Rank: 42
LTRIX Omega Ratio Rank: 42
LTRIX Calmar Ratio Rank: 47
LTRIX Martin Ratio Rank: 60

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PGDIX vs. LTRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Diversified Income Fund (PGDIX) 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.

	PGDIX	LTRIX	Difference
Sharpe ratio: Return per unit of total volatility	0.49	1.34	-0.86
Sortino ratio: Return per unit of downside risk	0.67	1.92	-1.25
Omega ratio: Gain probability vs. loss probability	1.09	1.25	-0.15
Calmar ratio: Return relative to maximum drawdown	0.42	1.95	-1.52
Martin ratio: Return relative to average drawdown	1.22	8.33	-7.11

PGDIX vs. LTRIX - Sharpe Ratio Comparison

The current PGDIX Sharpe Ratio is 0.49, which is lower than the LTRIX Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of PGDIX and LTRIX, 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

PGDIX vs. LTRIX - Drawdown Comparison

The maximum PGDIX drawdown since its inception was -23.76%, smaller than the maximum LTRIX drawdown of -51.39%. Use the drawdown chart below to compare losses from any high point for PGDIX and LTRIX.

Drawdown Indicators

	PGDIX	LTRIX	Difference
Max Drawdown Largest peak-to-trough decline	-23.76%	-51.39%	+27.63%
Max Drawdown (1Y) Largest decline over 1 year	-3.38%	-8.04%	+4.66%
Max Drawdown (3Y) Largest decline over 3 years	-3.38%	-14.47%	+11.09%
Max Drawdown (5Y) Largest decline over 5 years	-14.60%	-26.25%	+11.65%
Max Drawdown (10Y) Largest decline over 10 years	-23.76%	-31.56%	+7.80%
Current Drawdown Current decline from peak	-1.76%	-0.54%	-1.22%
Average Drawdown Average peak-to-trough decline	-2.74%	-7.15%	+4.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	1.88%	-0.71%

Volatility

PGDIX vs. LTRIX - Volatility Comparison

The current volatility for Principal Diversified Income Fund (PGDIX) is 0.72%, while Principal LifeTime 2045 Fund (LTRIX) has a volatility of 3.13%. This indicates that PGDIX 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.

Volatility by Period

	PGDIX	LTRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.72%	3.13%	-2.41%
Volatility (6M) Calculated over the trailing 6-month period	2.29%	9.66%	-7.37%
Volatility (1Y) Calculated over the trailing 1-year period	2.93%	11.66%	-8.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.01%	14.70%	-10.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.20%	14.77%	-9.57%

PGDIX vs. LTRIX - Expense Ratio Comparison

PGDIX has a 0.68% expense ratio, which is higher than LTRIX's 0.01% expense ratio.

Dividends

PGDIX vs. LTRIX - Dividend Comparison

PGDIX's dividend yield for the trailing twelve months is around 5.94%, less than LTRIX's 8.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LTRIX Principal LifeTime 2045 Fund	8.61%	9.31%	9.40%	4.25%	8.71%	6.75%	4.62%	6.93%	7.50%	4.57%	4.48%	5.42%
PGDIX Principal Diversified Income Fund	5.94%	6.17%	6.28%	6.47%	5.34%	4.59%	4.63%	5.12%	5.10%	4.67%	5.76%	5.27%

Frequently Asked Questions

Can I hold both PGDIX and LTRIX in my portfolio?

PGDIX and LTRIX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PGDIX or LTRIX?

LTRIX has higher volatility (3.13%) compared to PGDIX (0.72%). In terms of maximum drawdown, PGDIX dropped -23.76% vs LTRIX's -51.39%.

Which has better risk-adjusted returns?

LTRIX currently has the higher Sharpe Ratio (1.34 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.