PLFIX vs. PTEAX
Compare and contrast key facts about Principal Large Cap S&P 500 Index Fund Institutional (PLFIX) and Principal Tax-Exempt Bond Fund (PTEAX).
PLFIX is a passively managed fund by Principal that tracks the performance of the S&P 500 Index. It was launched on Mar 1, 2001. PTEAX is managed by Principal. It was launched on Jan 2, 1977.
Performance
PLFIX vs. PTEAX - Performance Comparison
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PLFIX vs. PTEAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLFIX Principal Large Cap S&P 500 Index Fund Institutional | -7.07% | 17.77% | 26.77% | 26.00% | -18.21% | 28.25% | 18.11% | 31.35% | -4.66% | 21.65% |
PTEAX Principal Tax-Exempt Bond Fund | -1.06% | 4.68% | 2.10% | 6.35% | -12.18% | 2.71% | 4.80% | 9.05% | 0.44% | 6.44% |
Returns By Period
In the year-to-date period, PLFIX achieves a -7.07% return, which is significantly lower than PTEAX's -1.06% return. Over the past 10 years, PLFIX has outperformed PTEAX with an annualized return of 13.72%, while PTEAX has yielded a comparatively lower 1.93% annualized return.
PLFIX
- 1D
- -0.40%
- 1M
- -7.67%
- YTD
- -7.07%
- 6M
- -4.61%
- 1Y
- 14.37%
- 3Y*
- 17.60%
- 5Y*
- 11.56%
- 10Y*
- 13.72%
PTEAX
- 1D
- 0.15%
- 1M
- -2.95%
- YTD
- -1.06%
- 6M
- 0.39%
- 1Y
- 3.32%
- 3Y*
- 3.01%
- 5Y*
- 0.29%
- 10Y*
- 1.93%
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PLFIX vs. PTEAX - Expense Ratio Comparison
PLFIX has a 0.11% expense ratio, which is lower than PTEAX's 0.73% expense ratio.
Return for Risk
PLFIX vs. PTEAX — Risk / Return Rank
PLFIX
PTEAX
PLFIX vs. PTEAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Large Cap S&P 500 Index Fund Institutional (PLFIX) 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.
| PLFIX | PTEAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.85 | 0.84 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.33 | 1.14 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 0.92 | +0.13 |
Martin ratioReturn relative to average drawdown | 5.14 | 2.97 | +2.17 |
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
| PLFIX | PTEAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 0.84 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.07 | +0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.44 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.31 | +0.14 |
Correlation
The correlation between PLFIX and PTEAX is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PLFIX vs. PTEAX - Dividend Comparison
PLFIX's dividend yield for the trailing twelve months is around 3.17%, less than PTEAX's 3.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLFIX Principal Large Cap S&P 500 Index Fund Institutional | 3.17% | 2.95% | 4.28% | 4.13% | 2.96% | 13.60% | 7.57% | 3.83% | 7.52% | 7.01% | 3.23% | 2.69% |
PTEAX Principal Tax-Exempt Bond Fund | 3.89% | 4.66% | 3.73% | 2.81% | 2.27% | 2.15% | 2.23% | 3.09% | 3.68% | 3.69% | 3.91% | 3.75% |
Drawdowns
PLFIX vs. PTEAX - Drawdown Comparison
The maximum PLFIX drawdown since its inception was -55.28%, which is greater than PTEAX's maximum drawdown of -38.72%. Use the drawdown chart below to compare losses from any high point for PLFIX and PTEAX.
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Drawdown Indicators
| PLFIX | PTEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.28% | -38.72% | -16.56% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -4.78% | -7.35% |
Max Drawdown (5Y)Largest decline over 5 years | -24.58% | -17.37% | -7.21% |
Max Drawdown (10Y)Largest decline over 10 years | -33.77% | -17.37% | -16.40% |
Current DrawdownCurrent decline from peak | -8.90% | -2.95% | -5.95% |
Average DrawdownAverage peak-to-trough decline | -8.91% | -5.95% | -2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 1.49% | +0.99% |
Volatility
PLFIX vs. PTEAX - Volatility Comparison
Principal Large Cap S&P 500 Index Fund Institutional (PLFIX) has a higher volatility of 4.24% compared to Principal Tax-Exempt Bond Fund (PTEAX) at 1.01%. This indicates that PLFIX'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
| PLFIX | PTEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 1.01% | +3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 9.06% | 1.80% | +7.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.85% | 4.92% | +12.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 3.96% | +12.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.48% | 4.39% | +13.09% |