PHTNX vs. PMDIX

Last updated Jun 3, 2026

PHTNX (Principal LifeTime Hybrid 2030 Fund) and PMDIX (Principal Small-MidCap Dividend Income Fund) are both mutual funds - PHTNX is a Target Retirement Date fund managed by Principal, while PMDIX is a Mid Cap Value Equities fund managed by Principal. Over the past 10 years, PHTNX returned 8.74%/yr vs 9.73%/yr for PMDIX. Their correlation of 0.85 suggests significant overlap in exposure. PHTNX charges 0.05%/yr vs 0.85%/yr for PMDIX.

Performance

PHTNX vs. PMDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal LifeTime Hybrid 2030 Fund (PHTNX) and Principal Small-MidCap Dividend Income Fund (PMDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PHTNX achieves a 6.88% return, which is significantly lower than PMDIX's 11.09% return. Over the past 10 years, PHTNX has underperformed PMDIX with an annualized return of 8.74%, while PMDIX has yielded a comparatively higher 9.73% annualized return.

PHTNX

• 1D: 0.39%
• 1M: 2.74%
• YTD: 6.88%
• 6M: 7.42%
• 1Y: 18.33%
• 3Y*: 13.49%
• 5Y*: 6.44%
• 10Y*: 8.74%

PMDIX

• 1D: -0.60%
• 1M: -0.96%
• YTD: 11.09%
• 6M: 12.12%
• 1Y: 24.53%
• 3Y*: 16.80%
• 5Y*: 9.19%
• 10Y*: 9.73%

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

PHTNX vs. PMDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PHTNX Principal LifeTime Hybrid 2030 Fund	6.88%	14.41%	11.06%	14.92%	-16.76%	13.88%	14.74%	20.92%	-7.30%	16.81%
PMDIX Principal Small-MidCap Dividend Income Fund	11.09%	8.63%	14.56%	18.81%	-11.66%	30.41%	-6.40%	25.38%	-13.80%	13.30%

Correlation

The correlation between PHTNX and PMDIX is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Oct 2, 2014	0.85

The correlation between PHTNX and PMDIX shifts across timeframes, from 0.74 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PHTNX vs. PMDIX — Risk / Return Rank

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

PHTNX

PHTNX Risk / Return Rank: 71
PHTNX Sharpe Ratio Rank: 70
PHTNX Sortino Ratio Rank: 70
PHTNX Omega Ratio Rank: 69
PHTNX Calmar Ratio Rank: 68
PHTNX Martin Ratio Rank: 77

PMDIX

PMDIX Risk / Return Rank: 33
PMDIX Sharpe Ratio Rank: 31
PMDIX Sortino Ratio Rank: 35
PMDIX Omega Ratio Rank: 30
PMDIX Calmar Ratio Rank: 33
PMDIX Martin Ratio Rank: 36

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.

PHTNX vs. PMDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime Hybrid 2030 Fund (PHTNX) and Principal Small-MidCap Dividend Income Fund (PMDIX). 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.

	PHTNX	PMDIX	Difference
Sharpe ratio Return per unit of total volatility	2.43	1.63	+0.80
Sortino ratio Return per unit of downside risk	3.49	2.48	+1.02
Omega ratio Gain probability vs. loss probability	1.47	1.29	+0.18
Calmar ratio Return relative to maximum drawdown	3.20	2.20	+0.99
Martin ratio Return relative to average drawdown	14.53	8.09	+6.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PHTNX vs. PMDIX - Sharpe Ratio Comparison

The current PHTNX Sharpe Ratio is 2.43, which is higher than the PMDIX Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of PHTNX and PMDIX, 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

	PHTNX	PMDIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	1.63	+0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.49	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.48	+0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.55	+0.16

Drawdowns

PHTNX vs. PMDIX - Drawdown Comparison

The maximum PHTNX drawdown since its inception was -24.52%, smaller than the maximum PMDIX drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for PHTNX and PMDIX.

Drawdown Indicators

	PHTNX	PMDIX	Difference
Max Drawdown Largest peak-to-trough decline	-24.52%	-46.47%	+21.95%
Max Drawdown (1Y) Largest decline over 1 year	-5.79%	-10.55%	+4.76%
Max Drawdown (3Y) Largest decline over 3 years	-10.07%	-21.36%	+11.29%
Max Drawdown (5Y) Largest decline over 5 years	-22.06%	-21.36%	-0.70%
Max Drawdown (10Y) Largest decline over 10 years	-24.52%	-46.47%	+21.95%
Current Drawdown Current decline from peak	0.00%	-2.04%	+2.04%
Average Drawdown Average peak-to-trough decline	-3.98%	-5.30%	+1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.27%	2.87%	-1.60%

Volatility

PHTNX vs. PMDIX - Volatility Comparison

The current volatility for Principal LifeTime Hybrid 2030 Fund (PHTNX) is 2.43%, while Principal Small-MidCap Dividend Income Fund (PMDIX) has a volatility of 3.70%. This indicates that PHTNX experiences smaller price fluctuations and is considered to be less risky than PMDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PHTNX	PMDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.43%	3.70%	-1.27%
Volatility (6M) Calculated over the trailing 6-month period	6.13%	10.85%	-4.72%
Volatility (1Y) Calculated over the trailing 1-year period	7.66%	14.83%	-7.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.51%	18.78%	-8.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.23%	20.26%	-9.03%

PHTNX vs. PMDIX - Expense Ratio Comparison

PHTNX has a 0.05% expense ratio, which is lower than PMDIX's 0.85% expense ratio.

Dividends

PHTNX vs. PMDIX - Dividend Comparison

PHTNX's dividend yield for the trailing twelve months is around 4.32%, more than PMDIX's 2.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PHTNX Principal LifeTime Hybrid 2030 Fund	4.32%	4.62%	3.71%	3.42%	8.05%	5.40%	4.44%	3.70%	3.79%	2.52%	2.28%	1.68%
PMDIX Principal Small-MidCap Dividend Income Fund	2.88%	3.14%	7.99%	2.37%	6.95%	0.98%	1.37%	2.82%	17.83%	5.77%	2.84%	4.78%

Frequently Asked Questions

Can I hold both PHTNX and PMDIX in my portfolio?

PHTNX and PMDIX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PHTNX or PMDIX?

PMDIX has higher volatility (3.70%) compared to PHTNX (2.43%). In terms of maximum drawdown, PHTNX dropped -24.52% vs PMDIX's -46.47%.

Which has better risk-adjusted returns?

PHTNX currently has the higher Sharpe Ratio (2.43 vs 1.63), 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.