PHTTX vs. PCBIX
PHTTX (Principal LifeTime Hybrid 2020 Fund) and PCBIX (Principal MidCap Fund Institutional Class) are both mutual funds - PHTTX 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, PHTTX returned 6.74%/yr vs 11.82%/yr for PCBIX. Their correlation of 0.86 means they have usually moved in the same direction. PHTTX charges 0.05%/yr vs 0.67%/yr for PCBIX.
Performance
PHTTX vs. PCBIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PHTTX achieves a 4.51% return, which is significantly higher than PCBIX's -3.74% return. Over the past 10 years, PHTTX has underperformed PCBIX with an annualized return of 6.74%, while PCBIX has yielded a comparatively higher 11.82% annualized return.
PHTTX
- 1D
- 0.70%
- 1M
- -0.23%
- 6M
- 3.02%
- YTD
- 4.51%
- 1Y
- 10.66%
- 3Y*
- 9.58%
- 5Y*
- 4.63%
- 10Y*
- 6.74%
- ALL TIME*
- 6.46%
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 |
PHTTX vs. PCBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHTTX Principal LifeTime Hybrid 2020 Fund | 4.51% | 12.10% | 8.85% | 12.06% | -14.36% | 9.94% | 12.63% | 17.17% | -5.44% | 13.51% |
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 PHTTX and PCBIX is 0.64, 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. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.86 |
Over the past year, the correlation between PHTTX and PCBIX has dropped to 0.64 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PHTTX vs. PCBIX — Risk / Return Rank
PHTTX
PCBIX
PHTTX vs. PCBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime Hybrid 2020 Fund (PHTTX) 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.
| PHTTX | PCBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.18 | ||
| Sortino ratioReturn per unit of downside risk | +3.05 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.91 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | -0.48 | +2.70 |
| Martin ratioReturn relative to average drawdown | 9.55 | -0.94 | +10.49 |
Loading charts...
Drawdowns
PHTTX vs. PCBIX - Drawdown Comparison
The maximum PHTTX drawdown since its inception was -18.94%, smaller than the maximum PCBIX drawdown of -50.25%. Use the drawdown chart below to compare losses from any high point for PHTTX and PCBIX.
Loading charts...
Drawdown Indicators
| PHTTX | PCBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.94% | -50.25% | +31.31% |
Max Drawdown (1Y)Largest decline over 1 year | -4.62% | -19.29% | +14.67% |
Max Drawdown (3Y)Largest decline over 3 years | -7.20% | -19.29% | +12.09% |
Max Drawdown (5Y)Largest decline over 5 years | -18.90% | -31.17% | +12.27% |
Max Drawdown (10Y)Largest decline over 10 years | -18.94% | -40.56% | +21.62% |
Current DrawdownCurrent decline from peak | -0.84% | -10.03% | +9.19% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -6.58% | +3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 9.82% | -8.75% |
Volatility
PHTTX vs. PCBIX - Volatility Comparison
The current volatility for Principal LifeTime Hybrid 2020 Fund (PHTTX) is 1.80%, while Principal MidCap Fund Institutional Class (PCBIX) has a volatility of 5.19%. This indicates that PHTTX 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.
Loading charts...
Volatility by Period
| PHTTX | PCBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.80% | 5.19% | -3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 5.46% | 12.00% | -6.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.54% | 15.15% | -8.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.10% | 18.75% | -10.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.52% | 19.14% | -10.62% |
PHTTX vs. PCBIX - Expense Ratio Comparison
PHTTX has a 0.05% expense ratio, which is lower than PCBIX's 0.67% expense ratio.
Dividends
PHTTX vs. PCBIX - Dividend Comparison
PHTTX's dividend yield for the trailing twelve months is around 5.86%, 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% |
PHTTX Principal LifeTime Hybrid 2020 Fund | 5.86% | 6.12% | 3.67% | 3.46% | 7.03% | 5.97% | 4.75% | 3.12% | 3.36% | 2.52% | 2.13% | 1.64% |
Frequently Asked Questions
PHTTX and PCBIX have a correlation of 0.64, 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 PHTTX (1.80%). In terms of maximum drawdown, PHTTX dropped -18.94% vs PCBIX's -50.25%.
PHTTX currently has the higher Sharpe Ratio (1.57 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.
Find the right allocation for PHTTX and PCBIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer