PLFMX vs. PLFIX

Last updated Jun 24, 2026

PLFMX (Principal LargeCap S&P 500 Index Fund) and PLFIX (Principal Large Cap S&P 500 Index Fund Institutional) are both S&P 500 funds from Principal tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, PLFMX returned 15.12%/yr vs 15.77%/yr for PLFIX. With a 1.00 correlation, they move nearly in lockstep. PLFMX charges 0.72%/yr vs 0.11%/yr for PLFIX.

Performance

PLFMX vs. PLFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal LargeCap S&P 500 Index Fund (PLFMX) and Principal Large Cap S&P 500 Index Fund Institutional (PLFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with PLFMX having a 9.46% return and PLFIX slightly higher at 9.73%. Both investments have delivered pretty close results over the past 10 years, with PLFMX having a 15.12% annualized return and PLFIX not far ahead at 15.77%.

PLFMX

• 1D: -0.36%
• 1M: 0.06%
• YTD: 9.46%
• 6M: 8.46%
• 1Y: 24.74%
• 3Y*: 21.18%
• 5Y*: 13.13%
• 10Y*: 15.12%

PLFIX

• 1D: -0.36%
• 1M: 0.08%
• YTD: 9.73%
• 6M: 8.72%
• 1Y: 25.42%
• 3Y*: 21.84%
• 5Y*: 13.76%
• 10Y*: 15.77%

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

PLFMX vs. PLFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PLFMX Principal LargeCap S&P 500 Index Fund	9.46%	17.10%	26.06%	25.27%	-18.67%	27.57%	17.46%	30.58%	-5.14%	20.96%
PLFIX Principal Large Cap S&P 500 Index Fund Institutional	9.73%	17.77%	26.77%	26.00%	-18.21%	28.25%	18.11%	31.35%	-4.66%	21.65%

Correlation

The correlation between PLFMX and PLFIX 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 Feb 28, 2001	1.00

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

Return for Risk

PLFMX vs. PLFIX — Risk / Return Rank

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

PLFMX

PLFMX Risk / Return Rank: 61
PLFMX Sharpe Ratio Rank: 59
PLFMX Sortino Ratio Rank: 54
PLFMX Omega Ratio Rank: 56
PLFMX Calmar Ratio Rank: 61
PLFMX Martin Ratio Rank: 73

PLFIX

PLFIX Risk / Return Rank: 65
PLFIX Sharpe Ratio Rank: 64
PLFIX Sortino Ratio Rank: 57
PLFIX Omega Ratio Rank: 59
PLFIX Calmar Ratio Rank: 67
PLFIX Martin Ratio Rank: 78

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.

PLFMX vs. PLFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal LargeCap S&P 500 Index Fund (PLFMX) and Principal Large Cap S&P 500 Index Fund Institutional (PLFIX). 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.

	PLFMX	PLFIX	Difference
Sharpe ratio: Return per unit of total volatility	2.09	2.15	-0.06
Sortino ratio: Return per unit of downside risk	2.83	2.91	-0.08
Omega ratio: Gain probability vs. loss probability	1.38	1.39	-0.01
Calmar ratio: Return relative to maximum drawdown	2.89	3.00	-0.11
Martin ratio: Return relative to average drawdown	13.00	13.56	-0.57

PLFMX vs. PLFIX - Sharpe Ratio Comparison

The current PLFMX Sharpe Ratio is 2.09, which is comparable to the PLFIX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of PLFMX and PLFIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PLFMX vs. PLFIX - Drawdown Comparison

The maximum PLFMX drawdown since its inception was -55.62%, roughly equal to the maximum PLFIX drawdown of -55.28%. Use the drawdown chart below to compare losses from any high point for PLFMX and PLFIX.

Drawdown Indicators

	PLFMX	PLFIX	Difference
Max Drawdown Largest peak-to-trough decline	-55.62%	-55.28%	-0.34%
Max Drawdown (1Y) Largest decline over 1 year	-9.00%	-8.90%	-0.10%
Max Drawdown (3Y) Largest decline over 3 years	-18.83%	-18.77%	-0.06%
Max Drawdown (5Y) Largest decline over 5 years	-24.91%	-24.58%	-0.33%
Max Drawdown (10Y) Largest decline over 10 years	-33.80%	-33.77%	-0.03%
Current Drawdown Current decline from peak	-1.74%	-1.74%	0.00%
Average Drawdown Average peak-to-trough decline	-9.98%	-8.84%	-1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	1.97%	+0.03%

Volatility

PLFMX vs. PLFIX - Volatility Comparison

Principal LargeCap S&P 500 Index Fund (PLFMX) and Principal Large Cap S&P 500 Index Fund Institutional (PLFIX) have volatilities of 4.68% and 4.69%, 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

	PLFMX	PLFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.68%	4.69%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	9.85%	9.84%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	12.50%	12.48%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.01%	17.00%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.54%	17.56%	-0.02%

PLFMX vs. PLFIX - Expense Ratio Comparison

PLFMX has a 0.72% expense ratio, which is higher than PLFIX's 0.11% expense ratio.

Dividends

PLFMX vs. PLFIX - Dividend Comparison

PLFMX's dividend yield for the trailing twelve months is around 2.20%, less than PLFIX's 2.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PLFIX Principal Large Cap S&P 500 Index Fund Institutional	2.69%	2.95%	4.28%	4.13%	2.96%	13.60%	7.57%	3.83%	7.52%	7.01%	3.23%	2.69%
PLFMX Principal LargeCap S&P 500 Index Fund	2.20%	2.41%	3.77%	3.62%	2.28%	13.02%	7.02%	3.28%	6.80%	6.44%	2.66%	2.07%

Frequently Asked Questions

Can I hold both PLFMX and PLFIX in my portfolio?

With a correlation of 1.00, PLFMX and PLFIX 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, PLFMX or PLFIX?

PLFIX has higher volatility (4.69%) compared to PLFMX (4.68%). In terms of maximum drawdown, PLFMX dropped -55.62% vs PLFIX's -55.28%.

Which has better risk-adjusted returns?

PLFIX currently has the higher Sharpe Ratio (2.15 vs 2.09), 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.