PIPIX vs. PLTNX
PIPIX (Principal Inflation Protection Fund) and PLTNX (Principal LifeTime Hybrid 2055 Fund) are both mutual funds - PIPIX is a Inflation-Protected Bonds fund managed by Principal, while PLTNX is a Target Retirement Date fund managed by Principal. Over the past 10 years, PIPIX returned 2.33%/yr vs 12.26%/yr for PLTNX. At a 0.05 correlation, their price movements are largely independent. PIPIX charges 0.39%/yr vs 0.05%/yr for PLTNX.
Performance
PIPIX vs. PLTNX - Performance Comparison
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Returns By Period
In the year-to-date period, PIPIX achieves a 0.78% return, which is significantly lower than PLTNX's 10.60% return. Over the past 10 years, PIPIX has underperformed PLTNX with an annualized return of 2.33%, while PLTNX has yielded a comparatively higher 12.26% annualized return.
PIPIX
- 1D
- -0.39%
- 1M
- -0.00%
- YTD
- 0.78%
- 6M
- 0.92%
- 1Y
- 3.50%
- 3Y*
- 3.34%
- 5Y*
- 0.70%
- 10Y*
- 2.33%
PLTNX
- 1D
- -0.29%
- 1M
- 1.52%
- YTD
- 10.60%
- 6M
- 9.93%
- 1Y
- 25.84%
- 3Y*
- 19.33%
- 5Y*
- 10.35%
- 10Y*
- 12.26%
PIPIX vs. PLTNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIPIX Principal Inflation Protection Fund | 0.78% | 6.65% | 1.65% | 3.51% | -12.09% | 5.35% | 10.59% | 8.06% | -1.58% | 3.02% |
PLTNX Principal LifeTime Hybrid 2055 Fund | 10.60% | 19.89% | 17.25% | 20.33% | -18.49% | 19.70% | 15.78% | 26.17% | -9.84% | 21.03% |
Correlation
The correlation between PIPIX and PLTNX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.05 |
Over the past year, PIPIX and PLTNX have become more correlated (0.28) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
PIPIX vs. PLTNX — Risk / Return Rank
PIPIX
PLTNX
PIPIX vs. PLTNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Inflation Protection Fund (PIPIX) and Principal LifeTime Hybrid 2055 Fund (PLTNX). 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.
| PIPIX | PLTNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.39 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 3.12 | -1.23 |
| Martin ratioReturn relative to average drawdown | 5.57 | 13.94 | -8.38 |
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Drawdowns
PIPIX vs. PLTNX - Drawdown Comparison
The maximum PIPIX drawdown since its inception was -25.31%, smaller than the maximum PLTNX drawdown of -32.71%. Use the drawdown chart below to compare losses from any high point for PIPIX and PLTNX.
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Drawdown Indicators
| PIPIX | PLTNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.31% | -32.71% | +7.40% |
Max Drawdown (1Y)Largest decline over 1 year | -1.92% | -8.66% | +6.74% |
Max Drawdown (3Y)Largest decline over 3 years | -4.70% | -16.66% | +11.96% |
Max Drawdown (5Y)Largest decline over 5 years | -14.33% | -25.48% | +11.15% |
Max Drawdown (10Y)Largest decline over 10 years | -14.33% | -32.71% | +18.38% |
Current DrawdownCurrent decline from peak | -1.02% | -0.95% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -4.76% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 1.94% | -1.29% |
Volatility
PIPIX vs. PLTNX - Volatility Comparison
The current volatility for Principal Inflation Protection Fund (PIPIX) is 1.30%, while Principal LifeTime Hybrid 2055 Fund (PLTNX) has a volatility of 5.04%. This indicates that PIPIX experiences smaller price fluctuations and is considered to be less risky than PLTNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIPIX | PLTNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | 5.04% | -3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 10.47% | -7.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 12.75% | -9.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.95% | 15.61% | -9.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 15.89% | -10.52% |
PIPIX vs. PLTNX - Expense Ratio Comparison
PIPIX has a 0.39% expense ratio, which is higher than PLTNX's 0.05% expense ratio.
Dividends
PIPIX vs. PLTNX - Dividend Comparison
PIPIX's dividend yield for the trailing twelve months is around 4.67%, more than PLTNX's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIPIX Principal Inflation Protection Fund | 4.67% | 4.70% | 3.41% | 3.64% | 6.37% | 7.34% | 1.09% | 1.79% | 3.00% | 2.04% | 0.88% | 0.83% |
PLTNX Principal LifeTime Hybrid 2055 Fund | 4.15% | 4.59% | 4.40% | 2.84% | 9.11% | 4.23% | 3.11% | 3.47% | 4.68% | 2.21% | 1.99% | 1.63% |
Frequently Asked Questions
PIPIX and PLTNX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTNX has higher volatility (5.04%) compared to PIPIX (1.30%). In terms of maximum drawdown, PIPIX dropped -25.31% vs PLTNX's -32.71%.
PLTNX currently has the higher Sharpe Ratio (2.13 vs 1.08), 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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