PLHHX vs. VIXY

Last updated Aug 1, 2026

PLHHX (Principal LifeTime Hybrid 2065 Fund) and VIXY (ProShares VIX Short-Term Futures ETF) are both funds - PLHHX is a Target Retirement Date fund managed by Principal, while VIXY is a Volatility fund tracking the S&P 500 VIX Short-Term Futures Index. Over the past 5 years, PLHHX returned 9.84%/yr vs -47.11%/yr for VIXY. Their -0.75 correlation means they have often moved in opposite directions in the past. PLHHX charges 0.05%/yr vs 0.85%/yr for VIXY.

Performance

PLHHX vs. VIXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal LifeTime Hybrid 2065 Fund (PLHHX) and ProShares VIX Short-Term Futures ETF (VIXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLHHX achieves a 10.15% return, which is significantly higher than VIXY's -20.01% return.

PLHHX

• 1D: 1.81%
• 1M: 0.15%
• 6M: 6.97%
• YTD: 10.15%
• 1Y: 22.20%
• 3Y*: 16.96%
• 5Y*: 9.84%
• 10Y*: —
• ALL TIME*: 11.39%

VIXY

• 1D: -2.66%
• 1M: -3.39%
• 6M: -23.21%
• YTD: -20.01%
• 1Y: -54.18%
• 3Y*: -39.34%
• 5Y*: -47.11%
• 10Y*: -46.69%
• ALL TIME*: -48.52%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PLHHX Principal LifeTime Hybrid 2065 Fund	$0.00	$0.00	$0.00
VIXY ProShares VIX Short-Term Futures ETF	$61.09M	$56.74M	$72.28M

PLHHX vs. VIXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PLHHX Principal LifeTime Hybrid 2065 Fund	10.15%	19.91%	17.00%	20.33%	-18.53%	20.30%	16.50%	27.02%	-10.19%	7.77%
VIXY ProShares VIX Short-Term Futures ETF	-20.01%	-43.05%	-27.43%	-72.74%	-24.98%	-72.40%	10.54%	-67.81%	66.78%	-42.75%

Correlation

The correlation between PLHHX and VIXY is -0.75, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.75
Correlation (3Y) Balances recent behavior with more history.	-0.74
Correlation (5Y) Shows whether the relationship held over a longer period.	-0.74
Correlation (All Time) Calculated using the full available price history since Sep 6, 2017	-0.75

The correlation between PLHHX and VIXY has been stable across timeframes, ranging from -0.75 to -0.74 - a consistent structural relationship.

Return for Risk

PLHHX vs. VIXY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PLHHX

PLHHX Risk / Return Rank: 66
PLHHX Sharpe Ratio Rank: 61
PLHHX Sortino Ratio Rank: 59
PLHHX Omega Ratio Rank: 58
PLHHX Calmar Ratio Rank: 70
PLHHX Martin Ratio Rank: 80

VIXY

VIXY Risk / Return Rank: 2
VIXY Sharpe Ratio Rank: 2
VIXY Sortino Ratio Rank: 2
VIXY Omega Ratio Rank: 2
VIXY Calmar Ratio Rank: 1
VIXY Martin Ratio Rank: 1

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PLHHX vs. VIXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime Hybrid 2065 Fund (PLHHX) and ProShares VIX Short-Term Futures ETF (VIXY). 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.

	PLHHX	VIXY	Difference
Sharpe ratio: Return per unit of total volatility	1.52	-0.88	+2.40
Sortino ratio: Return per unit of downside risk	2.14	-1.35	+3.49
Omega ratio: Gain probability vs. loss probability	1.28	0.85	+0.43
Calmar ratio: Return relative to maximum drawdown	2.32	-0.92	+3.24
Martin ratio: Return relative to average drawdown	9.95	-1.40	+11.35

PLHHX vs. VIXY - Sharpe Ratio Comparison

The current PLHHX Sharpe Ratio is 1.52, which is higher than the VIXY Sharpe Ratio of -0.88. The chart below compares the historical Sharpe Ratios of PLHHX and VIXY, 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

PLHHX vs. VIXY - Drawdown Comparison

The maximum PLHHX drawdown since its inception was -33.47%, smaller than the maximum VIXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for PLHHX and VIXY.

Drawdown Indicators

	PLHHX	VIXY	Difference
Max Drawdown Largest peak-to-trough decline	-33.47%	-100.00%	+66.53%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	-55.18%	+46.54%
Max Drawdown (3Y) Largest decline over 3 years	-16.62%	-81.45%	+64.83%
Max Drawdown (5Y) Largest decline over 5 years	-25.44%	-95.91%	+70.47%
Max Drawdown (10Y) Largest decline over 10 years	—	-99.82%	—
Current Drawdown Current decline from peak	-1.36%	-100.00%	+98.64%
Average Drawdown Average peak-to-trough decline	-5.33%	-92.24%	+86.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	36.13%	-34.11%

Volatility

PLHHX vs. VIXY - Volatility Comparison

The current volatility for Principal LifeTime Hybrid 2065 Fund (PLHHX) is 3.70%, while ProShares VIX Short-Term Futures ETF (VIXY) has a volatility of 14.60%. This indicates that PLHHX experiences smaller price fluctuations and is considered to be less risky than VIXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLHHX	VIXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	14.60%	-10.90%
Volatility (6M) Calculated over the trailing 6-month period	10.84%	43.36%	-32.52%
Volatility (1Y) Calculated over the trailing 1-year period	13.18%	57.54%	-44.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.66%	69.97%	-54.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.79%	71.89%	-55.10%

PLHHX vs. VIXY - Expense Ratio Comparison

PLHHX has a 0.05% expense ratio, which is lower than VIXY's 0.85% expense ratio.

Dividends

PLHHX vs. VIXY - Dividend Comparison

PLHHX's dividend yield for the trailing twelve months is around 3.52%, while VIXY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
PLHHX Principal LifeTime Hybrid 2065 Fund	3.52%	3.88%	4.03%	2.64%	7.08%	2.27%	2.00%	1.65%	3.49%	1.87%
VIXY ProShares VIX Short-Term Futures ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PLHHX and VIXY in my portfolio?

PLHHX and VIXY have a correlation of -0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLHHX or VIXY?

VIXY has higher volatility (14.60%) compared to PLHHX (3.70%). In terms of maximum drawdown, PLHHX dropped -33.47% vs VIXY's -100.00%.

Which has better risk-adjusted returns?

PLHHX currently has the higher Sharpe Ratio (1.52 vs -0.88), 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.