PINRX vs. SHY
PINRX (Principal Diversified International Fund) and SHY (iShares 1-3 Year Treasury Bond ETF) are both funds - PINRX is a Foreign Large Cap Equities fund managed by Principal, while SHY is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index. Over the past 10 years, PINRX returned 8.63%/yr vs 1.65%/yr for SHY. At a correlation of -0.10, they often move in opposite directions. PINRX charges 1.32%/yr vs 0.15%/yr for SHY.
Performance
PINRX vs. SHY - Performance Comparison
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Returns By Period
In the year-to-date period, PINRX achieves a 8.16% return, which is significantly higher than SHY's 0.43% return. Over the past 10 years, PINRX has outperformed SHY with an annualized return of 8.63%, while SHY has yielded a comparatively lower 1.65% annualized return.
PINRX
- 1D
- 0.88%
- 1M
- 5.11%
- YTD
- 8.16%
- 6M
- 10.57%
- 1Y
- 23.11%
- 3Y*
- 17.14%
- 5Y*
- 7.10%
- 10Y*
- 8.63%
SHY
- 1D
- -0.05%
- 1M
- 0.08%
- YTD
- 0.43%
- 6M
- 0.69%
- 1Y
- 3.32%
- 3Y*
- 4.03%
- 5Y*
- 1.71%
- 10Y*
- 1.65%
PINRX vs. SHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PINRX Principal Diversified International Fund | 8.16% | 32.03% | 5.91% | 17.21% | -20.26% | 8.95% | 16.91% | 22.26% | -17.80% | 27.96% |
SHY iShares 1-3 Year Treasury Bond ETF | 0.43% | 4.95% | 3.92% | 4.16% | -3.88% | -0.71% | 3.03% | 3.38% | 1.46% | 0.26% |
Correlation
The correlation between PINRX and SHY is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2002 | -0.10 |
The correlation between PINRX and SHY shifts across timeframes, from -0.10 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PINRX vs. SHY — Risk / Return Rank
PINRX
SHY
PINRX vs. SHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Diversified International Fund (PINRX) and iShares 1-3 Year Treasury Bond ETF (SHY). 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.
| PINRX | SHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.51 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 3.75 | -1.63 |
| Martin ratioReturn relative to average drawdown | 7.87 | 15.21 | -7.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PINRX | SHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 2.49 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.87 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 1.06 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 1.28 | -0.99 |
Drawdowns
PINRX vs. SHY - Drawdown Comparison
The maximum PINRX drawdown since its inception was -62.91%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for PINRX and SHY.
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Drawdown Indicators
| PINRX | SHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.91% | -5.71% | -57.20% |
Max Drawdown (1Y)Largest decline over 1 year | -10.73% | -0.89% | -9.84% |
Max Drawdown (3Y)Largest decline over 3 years | -14.13% | -0.97% | -13.16% |
Max Drawdown (5Y)Largest decline over 5 years | -30.79% | -5.71% | -25.08% |
Max Drawdown (10Y)Largest decline over 10 years | -36.58% | -5.71% | -30.87% |
Current DrawdownCurrent decline from peak | -0.38% | -0.31% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -16.96% | -0.52% | -16.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 0.22% | +2.66% |
Volatility
PINRX vs. SHY - Volatility Comparison
Principal Diversified International Fund (PINRX) has a higher volatility of 4.50% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.35%. This indicates that PINRX's price experiences larger fluctuations and is considered to be riskier than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PINRX | SHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 0.35% | +4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 12.43% | 0.92% | +11.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.70% | 1.34% | +13.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.61% | 1.98% | +13.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 1.57% | +14.56% |
PINRX vs. SHY - Expense Ratio Comparison
PINRX has a 1.32% expense ratio, which is higher than SHY's 0.15% expense ratio.
Dividends
PINRX vs. SHY - Dividend Comparison
PINRX's dividend yield for the trailing twelve months is around 1.90%, less than SHY's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PINRX Principal Diversified International Fund | 1.90% | 3.22% | 5.09% | 2.13% | 0.47% | 13.14% | 0.66% | 1.67% | 6.40% | 1.24% | 1.04% | 0.88% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.68% | 3.81% | 3.92% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% |
Frequently Asked Questions
PINRX and SHY have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PINRX has higher volatility (4.50%) compared to SHY (0.35%). In terms of maximum drawdown, PINRX dropped -62.91% vs SHY's -5.71%.
SHY currently has the higher Sharpe Ratio (2.49 vs 1.55), 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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