PLJIX vs. FRQHX

Last updated Jul 15, 2026

PLJIX (Principal LifeTime 2065) and FRQHX (Fidelity Managed Retirement 2010 Fund Class K6) are both Target Retirement Date funds. A 0.76 correlation means they provide meaningful diversification when combined. PLJIX charges 0.05%/yr vs 0.26%/yr for FRQHX.

Performance

PLJIX vs. FRQHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal LifeTime 2065 (PLJIX) and Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PLJIX

• 1D: -0.99%
• 1M: 0.00%
• 6M: 5.48%
• YTD: 8.03%
• 1Y: 16.43%
• 3Y*: 15.80%
• 5Y*: 8.42%
• 10Y*: —

FRQHX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLJIX vs. FRQHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PLJIX Principal LifeTime 2065	8.03%	17.76%	15.83%	20.27%	-18.82%	18.18%	16.87%	7.84%
FRQHX Fidelity Managed Retirement 2010 Fund Class K6	3.71%	10.01%	4.68%	8.75%	-12.22%	4.04%	9.80%	3.95%

Correlation

The correlation between PLJIX and FRQHX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.76

The correlation between PLJIX and FRQHX has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.

Return for Risk

PLJIX vs. FRQHX — Risk / Return Rank

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

PLJIX

PLJIX Risk / Return Rank: 40
PLJIX Sharpe Ratio Rank: 36
PLJIX Sortino Ratio Rank: 35
PLJIX Omega Ratio Rank: 37
PLJIX Calmar Ratio Rank: 40
PLJIX Martin Ratio Rank: 52

FRQHX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

PLJIX vs. FRQHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime 2065 (PLJIX) and Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX). 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.

	PLJIX	FRQHX	Difference
Sharpe ratio: Return per unit of total volatility	1.32	—	—
Sortino ratio: Return per unit of downside risk	1.88	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.91	—	—
Martin ratio: Return relative to average drawdown	8.26	—	—

Drawdowns

Drawdown Indicators

	PLJIX	FRQHX	Difference
Max Drawdown Largest peak-to-trough decline	-34.13%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.72%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.81%	—	—
Current Drawdown Current decline from peak	-1.51%	—	—
Average Drawdown Average peak-to-trough decline	-5.55%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	—	—

Volatility

Volatility by Period

	PLJIX	FRQHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.64%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.53%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.71%	—	—

PLJIX vs. FRQHX - Expense Ratio Comparison

PLJIX has a 0.05% expense ratio, which is lower than FRQHX's 0.26% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

PLJIX vs. FRQHX - Dividend Comparison

PLJIX's dividend yield for the trailing twelve months is around 6.36%, more than FRQHX's 3.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FRQHX Fidelity Managed Retirement 2010 Fund Class K6	3.25%	3.20%	3.20%	2.95%	5.25%	6.22%	3.70%	2.57%	0.00%	0.00%
PLJIX Principal LifeTime 2065	6.36%	6.88%	6.05%	3.59%	6.54%	3.83%	2.45%	3.83%	3.34%	1.87%

Frequently Asked Questions

Can I hold both PLJIX and FRQHX in my portfolio?

PLJIX and FRQHX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.