PHTUX vs. PTEAX
PHTUX (Principal LifeTime Hybrid 2050 Fund) and PTEAX (Principal Tax-Exempt Bond Fund) are both mutual funds - PHTUX is a Target Retirement Date fund managed by Principal, while PTEAX is a Municipal Bonds fund managed by Principal. Over the past 10 years, PHTUX returned 12.08%/yr vs 1.89%/yr for PTEAX. At a correlation of -0.00, they often move in opposite directions. PHTUX charges 0.05%/yr vs 0.73%/yr for PTEAX.
Performance
PHTUX vs. PTEAX - Performance Comparison
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Returns By Period
In the year-to-date period, PHTUX achieves a 10.33% return, which is significantly higher than PTEAX's 1.38% return. Over the past 10 years, PHTUX has outperformed PTEAX with an annualized return of 12.08%, while PTEAX has yielded a comparatively lower 1.89% annualized return.
PHTUX
- 1D
- -0.25%
- 1M
- 1.53%
- YTD
- 10.33%
- 6M
- 9.72%
- 1Y
- 25.37%
- 3Y*
- 19.15%
- 5Y*
- 10.21%
- 10Y*
- 12.08%
PTEAX
- 1D
- -0.15%
- 1M
- 1.53%
- YTD
- 1.38%
- 6M
- 1.86%
- 1Y
- 6.32%
- 3Y*
- 3.73%
- 5Y*
- 0.31%
- 10Y*
- 1.89%
PHTUX vs. PTEAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHTUX Principal LifeTime Hybrid 2050 Fund | 10.33% | 19.64% | 17.26% | 20.30% | -18.48% | 19.08% | 15.94% | 25.59% | -9.48% | 20.48% |
PTEAX Principal Tax-Exempt Bond Fund | 1.38% | 4.68% | 2.10% | 6.35% | -12.18% | 2.71% | 4.80% | 9.05% | 0.44% | 6.44% |
Correlation
The correlation between PHTUX and PTEAX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | -0.00 |
The correlation between PHTUX and PTEAX shifts across timeframes, from -0.00 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PHTUX vs. PTEAX — Risk / Return Rank
PHTUX
PTEAX
PHTUX vs. PTEAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime Hybrid 2050 Fund (PHTUX) and Principal Tax-Exempt Bond Fund (PTEAX). 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.
| PHTUX | PTEAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.58 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 2.10 | +1.05 |
| Martin ratioReturn relative to average drawdown | 14.01 | 7.01 | +7.00 |
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Drawdowns
PHTUX vs. PTEAX - Drawdown Comparison
The maximum PHTUX drawdown since its inception was -31.76%, smaller than the maximum PTEAX drawdown of -38.72%. Use the drawdown chart below to compare losses from any high point for PHTUX and PTEAX.
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Drawdown Indicators
| PHTUX | PTEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.76% | -38.72% | +6.96% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | -3.10% | -5.37% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -5.31% | -11.18% |
Max Drawdown (5Y)Largest decline over 5 years | -25.50% | -17.37% | -8.13% |
Max Drawdown (10Y)Largest decline over 10 years | -31.76% | -17.37% | -14.39% |
Current DrawdownCurrent decline from peak | -0.89% | -0.55% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -4.67% | -5.92% | +1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 0.93% | +0.97% |
Volatility
PHTUX vs. PTEAX - Volatility Comparison
Principal LifeTime Hybrid 2050 Fund (PHTUX) has a higher volatility of 4.86% compared to Principal Tax-Exempt Bond Fund (PTEAX) at 0.75%. This indicates that PHTUX's price experiences larger fluctuations and is considered to be riskier than PTEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHTUX | PTEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 0.75% | +4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 10.16% | 2.08% | +8.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.44% | 2.92% | +9.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.52% | 4.00% | +11.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 4.40% | +11.19% |
PHTUX vs. PTEAX - Expense Ratio Comparison
PHTUX has a 0.05% expense ratio, which is lower than PTEAX's 0.73% expense ratio.
Dividends
PHTUX vs. PTEAX - Dividend Comparison
PHTUX's dividend yield for the trailing twelve months is around 4.41%, more than PTEAX's 3.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHTUX Principal LifeTime Hybrid 2050 Fund | 4.41% | 4.86% | 4.44% | 2.95% | 9.50% | 4.59% | 3.35% | 4.08% | 4.51% | 2.40% | 2.44% | 1.64% |
PTEAX Principal Tax-Exempt Bond Fund | 3.82% | 4.66% | 3.73% | 2.81% | 2.27% | 2.15% | 2.23% | 3.09% | 3.68% | 3.69% | 3.91% | 3.75% |
Frequently Asked Questions
PHTUX and PTEAX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PHTUX has higher volatility (4.86%) compared to PTEAX (0.75%). In terms of maximum drawdown, PHTUX dropped -31.76% vs PTEAX's -38.72%.
PTEAX currently has the higher Sharpe Ratio (2.24 vs 2.14), 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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