PHTUX vs. PHTYX

Last updated Jun 3, 2026

PHTUX (Principal LifeTime Hybrid 2050 Fund) and PHTYX (Principal LifeTime Hybrid 2045 Fund) are both Target Retirement Date funds from Principal. Over the past 10 years, PHTUX returned 11.75%/yr vs 11.21%/yr for PHTYX. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.05% expense ratio.

Performance

PHTUX vs. PHTYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal LifeTime Hybrid 2050 Fund (PHTUX) and Principal LifeTime Hybrid 2045 Fund (PHTYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PHTUX achieves a 10.77% return, which is significantly higher than PHTYX's 10.01% return. Both investments have delivered pretty close results over the past 10 years, with PHTUX having a 11.75% annualized return and PHTYX not far behind at 11.21%.

PHTUX

• 1D: 0.60%
• 1M: 4.48%
• YTD: 10.77%
• 6M: 11.82%
• 1Y: 27.32%
• 3Y*: 19.58%
• 5Y*: 10.21%
• 10Y*: 11.75%

PHTYX

• 1D: 0.58%
• 1M: 4.14%
• YTD: 10.01%
• 6M: 10.88%
• 1Y: 25.44%
• 3Y*: 18.38%
• 5Y*: 9.48%
• 10Y*: 11.21%

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

PHTUX vs. PHTYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PHTUX Principal LifeTime Hybrid 2050 Fund	10.77%	19.64%	17.26%	20.30%	-18.48%	19.08%	15.94%	25.59%	-9.48%	20.48%
PHTYX Principal LifeTime Hybrid 2045 Fund	10.01%	18.54%	16.13%	19.35%	-18.26%	18.37%	15.78%	24.79%	-9.07%	19.81%

Correlation

The correlation between PHTUX and PHTYX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Oct 2, 2014	1.00

The correlation between PHTUX and PHTYX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

PHTUX vs. PHTYX — Risk / Return Rank

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

PHTUX

PHTUX Risk / Return Rank: 69
PHTUX Sharpe Ratio Rank: 67
PHTUX Sortino Ratio Rank: 62
PHTUX Omega Ratio Rank: 63
PHTUX Calmar Ratio Rank: 71
PHTUX Martin Ratio Rank: 80

PHTYX

PHTYX Risk / Return Rank: 69
PHTYX Sharpe Ratio Rank: 66
PHTYX Sortino Ratio Rank: 64
PHTYX Omega Ratio Rank: 64
PHTYX Calmar Ratio Rank: 71
PHTYX Martin Ratio Rank: 79

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.

PHTUX vs. PHTYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime Hybrid 2050 Fund (PHTUX) and Principal LifeTime Hybrid 2045 Fund (PHTYX). 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.

	PHTUX	PHTYX	Difference
Sharpe ratio Return per unit of total volatility	2.40	2.40	0.00
Sortino ratio Return per unit of downside risk	3.32	3.35	-0.03
Omega ratio Gain probability vs. loss probability	1.44	1.45	-0.01
Calmar ratio Return relative to maximum drawdown	3.28	3.26	+0.02
Martin ratio Return relative to average drawdown	15.08	14.94	+0.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PHTUX vs. PHTYX - Sharpe Ratio Comparison

The current PHTUX Sharpe Ratio is 2.40, which is comparable to the PHTYX Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of PHTUX and PHTYX, 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

	PHTUX	PHTYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	2.40	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.65	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.76	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.69	0.00

Drawdowns

PHTUX vs. PHTYX - Drawdown Comparison

The maximum PHTUX drawdown since its inception was -31.76%, roughly equal to the maximum PHTYX drawdown of -30.61%. Use the drawdown chart below to compare losses from any high point for PHTUX and PHTYX.

Drawdown Indicators

	PHTUX	PHTYX	Difference
Max Drawdown Largest peak-to-trough decline	-31.76%	-30.61%	-1.15%
Max Drawdown (1Y) Largest decline over 1 year	-8.47%	-7.95%	-0.52%
Max Drawdown (3Y) Largest decline over 3 years	-16.49%	-15.25%	-1.24%
Max Drawdown (5Y) Largest decline over 5 years	-25.50%	-24.94%	-0.56%
Max Drawdown (10Y) Largest decline over 10 years	-31.76%	-30.61%	-1.15%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.69%	-4.57%	-0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	1.73%	+0.11%

Volatility

PHTUX vs. PHTYX - Volatility Comparison

Principal LifeTime Hybrid 2050 Fund (PHTUX) and Principal LifeTime Hybrid 2045 Fund (PHTYX) have volatilities of 3.33% and 3.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PHTUX	PHTYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	3.20%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	9.24%	8.68%	+0.56%
Volatility (1Y) Calculated over the trailing 1-year period	11.74%	10.92%	+0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.41%	14.56%	+0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.54%	14.81%	+0.73%

PHTUX vs. PHTYX - Expense Ratio Comparison

Both PHTUX and PHTYX have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

PHTUX vs. PHTYX - Dividend Comparison

PHTUX's dividend yield for the trailing twelve months is around 4.39%, less than PHTYX's 4.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PHTUX Principal LifeTime Hybrid 2050 Fund	4.39%	4.86%	4.44%	2.95%	9.50%	4.59%	3.35%	4.08%	4.51%	2.40%	2.44%	1.64%
PHTYX Principal LifeTime Hybrid 2045 Fund	4.49%	4.94%	4.41%	3.05%	9.68%	4.72%	3.45%	3.63%	4.66%	2.24%	2.00%	1.66%

Frequently Asked Questions

Can I hold both PHTUX and PHTYX in my portfolio?

With a correlation of 1.00, PHTUX and PHTYX 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, PHTUX or PHTYX?

PHTUX has higher volatility (3.33%) compared to PHTYX (3.20%). In terms of maximum drawdown, PHTUX dropped -31.76% vs PHTYX's -30.61%.

Which has better risk-adjusted returns?

PHTUX currently has the higher Sharpe Ratio (2.40 vs 2.40), 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.