PHTFX vs. PLTZX

Last updated Jun 5, 2026

PHTFX (Principal LifeTime Hybrid Income Fund) and PLTZX (Principal LifeTime 2060 Fund) are both Target Retirement Date funds from Principal. Over the past 10 years, PHTFX returned 5.10%/yr vs 11.53%/yr for PLTZX. Their correlation of 0.84 suggests significant overlap in exposure. PHTFX charges 0.05%/yr vs 0.01%/yr for PLTZX.

Performance

PHTFX vs. PLTZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal LifeTime Hybrid Income Fund (PHTFX) and Principal LifeTime 2060 Fund (PLTZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PHTFX achieves a 4.48% return, which is significantly lower than PLTZX's 8.71% return. Over the past 10 years, PHTFX has underperformed PLTZX with an annualized return of 5.10%, while PLTZX has yielded a comparatively higher 11.53% annualized return.

PHTFX

• 1D: -0.35%
• 1M: 1.42%
• YTD: 4.48%
• 6M: 4.72%
• 1Y: 12.30%
• 3Y*: 9.70%
• 5Y*: 4.19%
• 10Y*: 5.10%

PLTZX

• 1D: -0.87%
• 1M: 2.92%
• YTD: 8.71%
• 6M: 9.08%
• 1Y: 21.70%
• 3Y*: 18.35%
• 5Y*: 8.96%
• 10Y*: 11.53%

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

PHTFX vs. PLTZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PHTFX Principal LifeTime Hybrid Income Fund	4.48%	11.14%	7.52%	10.77%	-13.22%	5.13%	10.11%	11.82%	-2.75%	7.62%
PLTZX Principal LifeTime 2060 Fund	8.71%	17.76%	16.89%	20.36%	-18.81%	18.12%	16.60%	27.54%	-9.24%	22.68%

Correlation

The correlation between PHTFX and PLTZX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Oct 2, 2014	0.84

The correlation between PHTFX and PLTZX has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.

Return for Risk

PHTFX vs. PLTZX — Risk / Return Rank

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

PHTFX

PHTFX Risk / Return Rank: 73
PHTFX Sharpe Ratio Rank: 70
PHTFX Sortino Ratio Rank: 73
PHTFX Omega Ratio Rank: 74
PHTFX Calmar Ratio Rank: 69
PHTFX Martin Ratio Rank: 77

PLTZX

PLTZX Risk / Return Rank: 45
PLTZX Sharpe Ratio Rank: 41
PLTZX Sortino Ratio Rank: 40
PLTZX Omega Ratio Rank: 41
PLTZX Calmar Ratio Rank: 44
PLTZX Martin Ratio Rank: 57

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.

PHTFX vs. PLTZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime Hybrid Income Fund (PHTFX) and Principal LifeTime 2060 Fund (PLTZX). 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.

	PHTFX	PLTZX	Difference
Sharpe ratio: Return per unit of total volatility	2.39	1.85	+0.54
Sortino ratio: Return per unit of downside risk	3.49	2.62	+0.87
Omega ratio: Gain probability vs. loss probability	1.48	1.34	+0.14
Calmar ratio: Return relative to maximum drawdown	3.09	2.51	+0.58
Martin ratio: Return relative to average drawdown	14.03	11.31	+2.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PHTFX vs. PLTZX - Sharpe Ratio Comparison

The current PHTFX Sharpe Ratio is 2.39, which is comparable to the PLTZX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of PHTFX and PLTZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PHTFX	PLTZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.39	1.85	+0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.58	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.72	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.70	+0.11

Drawdowns

PHTFX vs. PLTZX - Drawdown Comparison

The maximum PHTFX drawdown since its inception was -17.26%, smaller than the maximum PLTZX drawdown of -34.01%. Use the drawdown chart below to compare losses from any high point for PHTFX and PLTZX.

Drawdown Indicators

	PHTFX	PLTZX	Difference
Max Drawdown Largest peak-to-trough decline	-17.26%	-34.01%	+16.75%
Max Drawdown (1Y) Largest decline over 1 year	-4.10%	-8.70%	+4.60%
Max Drawdown (3Y) Largest decline over 3 years	-6.04%	-15.73%	+9.69%
Max Drawdown (5Y) Largest decline over 5 years	-17.26%	-26.79%	+9.53%
Max Drawdown (10Y) Largest decline over 10 years	-17.26%	-34.01%	+16.75%
Current Drawdown Current decline from peak	-0.35%	-0.87%	+0.52%
Average Drawdown Average peak-to-trough decline	-2.57%	-4.63%	+2.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	1.93%	-1.03%

Volatility

PHTFX vs. PLTZX - Volatility Comparison

The current volatility for Principal LifeTime Hybrid Income Fund (PHTFX) is 1.82%, while Principal LifeTime 2060 Fund (PLTZX) has a volatility of 3.44%. This indicates that PHTFX experiences smaller price fluctuations and is considered to be less risky than PLTZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PHTFX	PLTZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.82%	3.44%	-1.62%
Volatility (6M) Calculated over the trailing 6-month period	4.32%	9.47%	-5.15%
Volatility (1Y) Calculated over the trailing 1-year period	5.31%	11.83%	-6.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.82%	15.47%	-8.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.16%	15.99%	-9.83%

PHTFX vs. PLTZX - Expense Ratio Comparison

PHTFX has a 0.05% expense ratio, which is higher than PLTZX's 0.01% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

PHTFX vs. PLTZX - Dividend Comparison

PHTFX's dividend yield for the trailing twelve months is around 4.35%, less than PLTZX's 7.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PHTFX Principal LifeTime Hybrid Income Fund	4.35%	4.54%	3.34%	3.60%	5.20%	5.57%	4.92%	2.96%	2.07%	2.43%	1.41%	1.52%
PLTZX Principal LifeTime 2060 Fund	7.67%	8.33%	7.85%	4.12%	8.44%	5.29%	3.60%	5.86%	5.75%	2.73%	3.48%	3.29%

Frequently Asked Questions

Can I hold both PHTFX and PLTZX in my portfolio?

With a correlation of 0.93, PHTFX and PLTZX 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.

Which is riskier, PHTFX or PLTZX?

PLTZX has higher volatility (3.44%) compared to PHTFX (1.82%). In terms of maximum drawdown, PHTFX dropped -17.26% vs PLTZX's -34.01%.

Which has better risk-adjusted returns?

PHTFX currently has the higher Sharpe Ratio (2.39 vs 1.85), 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.