PHTNX vs. PCBIX
PHTNX (Principal LifeTime Hybrid 2030 Fund) and PCBIX (Principal MidCap Fund Institutional Class) are both mutual funds - PHTNX is a Target Retirement Date fund managed by Principal, while PCBIX is a Mid Cap Growth Equities fund managed by Principal. Over the past 10 years, PHTNX returned 8.37%/yr vs 11.82%/yr for PCBIX. Their correlation of 0.88 means they have usually moved in the same direction. PHTNX charges 0.05%/yr vs 0.67%/yr for PCBIX.
Performance
PHTNX vs. PCBIX - Performance Comparison
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Returns By Period
In the year-to-date period, PHTNX achieves a 6.05% return, which is significantly higher than PCBIX's -3.74% return. Over the past 10 years, PHTNX has underperformed PCBIX with an annualized return of 8.37%, while PCBIX has yielded a comparatively higher 11.82% annualized return.
PHTNX
- 1D
- 0.99%
- 1M
- -0.20%
- 6M
- 4.02%
- YTD
- 6.05%
- 1Y
- 13.80%
- 3Y*
- 11.69%
- 5Y*
- 5.98%
- 10Y*
- 8.37%
- ALL TIME*
- 7.94%
PCBIX
- 1D
- -1.39%
- 1M
- -0.60%
- 6M
- -3.13%
- YTD
- -3.74%
- 1Y
- -7.35%
- 3Y*
- 9.29%
- 5Y*
- 4.47%
- 10Y*
- 11.82%
- ALL TIME*
- 10.93%
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 |
PHTNX vs. PCBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHTNX Principal LifeTime Hybrid 2030 Fund | 6.05% | 14.41% | 11.06% | 14.92% | -16.76% | 13.88% | 14.74% | 20.92% | -7.30% | 16.81% |
PCBIX Principal MidCap Fund Institutional Class | -3.74% | 1.62% | 23.63% | 25.92% | -23.16% | 25.22% | 18.25% | 49.40% | -6.86% | 25.32% |
Correlation
The correlation between PHTNX and PCBIX is 0.62, 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. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.88 |
Over the past year, the correlation between PHTNX and PCBIX has dropped to 0.62 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
PHTNX vs. PCBIX — Risk / Return Rank
PHTNX
PCBIX
PHTNX vs. PCBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime Hybrid 2030 Fund (PHTNX) and Principal MidCap Fund Institutional Class (PCBIX). 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.
| PHTNX | PCBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.91 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | -0.48 | +2.72 |
| Martin ratioReturn relative to average drawdown | 9.57 | -0.94 | +10.52 |
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Drawdowns
PHTNX vs. PCBIX - Drawdown Comparison
The maximum PHTNX drawdown since its inception was -24.52%, smaller than the maximum PCBIX drawdown of -50.25%. Use the drawdown chart below to compare losses from any high point for PHTNX and PCBIX.
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Drawdown Indicators
| PHTNX | PCBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.52% | -50.25% | +25.73% |
Max Drawdown (1Y)Largest decline over 1 year | -5.79% | -19.29% | +13.50% |
Max Drawdown (3Y)Largest decline over 3 years | -10.07% | -19.29% | +9.22% |
Max Drawdown (5Y)Largest decline over 5 years | -22.06% | -31.17% | +9.11% |
Max Drawdown (10Y)Largest decline over 10 years | -24.52% | -40.56% | +16.04% |
Current DrawdownCurrent decline from peak | -1.04% | -10.03% | +8.99% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -6.58% | +2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 9.82% | -8.47% |
Volatility
PHTNX vs. PCBIX - Volatility Comparison
The current volatility for Principal LifeTime Hybrid 2030 Fund (PHTNX) is 2.27%, while Principal MidCap Fund Institutional Class (PCBIX) has a volatility of 5.19%. This indicates that PHTNX experiences smaller price fluctuations and is considered to be less risky than PCBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHTNX | PCBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | 5.19% | -2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 6.96% | 12.00% | -5.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.39% | 15.15% | -6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.59% | 18.75% | -8.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.19% | 19.14% | -7.95% |
PHTNX vs. PCBIX - Expense Ratio Comparison
PHTNX has a 0.05% expense ratio, which is lower than PCBIX's 0.67% expense ratio.
Dividends
PHTNX vs. PCBIX - Dividend Comparison
PHTNX's dividend yield for the trailing twelve months is around 4.35%, less than PCBIX's 6.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCBIX Principal MidCap Fund Institutional Class | 6.04% | 5.81% | 6.40% | 2.51% | 3.18% | 7.96% | 1.08% | 9.02% | 12.24% | 3.31% | 2.49% | 6.30% |
PHTNX Principal LifeTime Hybrid 2030 Fund | 4.35% | 4.62% | 3.71% | 3.42% | 8.05% | 5.40% | 4.44% | 3.70% | 3.79% | 2.52% | 2.28% | 1.68% |
Frequently Asked Questions
PHTNX and PCBIX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCBIX has higher volatility (5.19%) compared to PHTNX (2.27%). In terms of maximum drawdown, PHTNX dropped -24.52% vs PCBIX's -50.25%.
PHTNX currently has the higher Sharpe Ratio (1.55 vs -0.61), 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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