PLJIX vs. PCBIX
PLJIX (Principal LifeTime 2065) and PCBIX (Principal MidCap Fund Institutional Class) are both mutual funds - PLJIX is a Target Retirement Date fund managed by Principal, while PCBIX is a Mid Cap Growth Equities fund managed by Principal. Over the past 5 years, PLJIX returned 8.47%/yr vs 4.47%/yr for PCBIX. Their correlation of 0.89 means they have usually moved in the same direction. PLJIX charges 0.05%/yr vs 0.67%/yr for PCBIX.
Performance
PLJIX vs. PCBIX - Performance Comparison
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Returns By Period
In the year-to-date period, PLJIX achieves a 8.73% return, which is significantly higher than PCBIX's -3.74% return.
PLJIX
- 1D
- 1.73%
- 1M
- 0.41%
- 6M
- 5.90%
- YTD
- 8.73%
- 1Y
- 18.02%
- 3Y*
- 15.54%
- 5Y*
- 8.47%
- 10Y*
- —
- ALL TIME*
- 10.79%
PCBIX
- 1D
- -1.39%
- 1M
- -0.60%
- 6M
- -3.13%
- YTD
- -3.74%
- 1Y
- -7.35%
- 3Y*
- 9.29%
- 5Y*
- 4.47%
- 10Y*
- 11.82%
- ALL TIME*
- 10.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PLJIX vs. PCBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLJIX Principal LifeTime 2065 | 8.73% | 17.76% | 15.83% | 20.27% | -18.82% | 18.18% | 16.87% | 27.36% | -9.36% | 7.78% |
PCBIX Principal MidCap Fund Institutional Class | -3.74% | 1.62% | 23.63% | 25.92% | -23.16% | 25.22% | 18.25% | 49.40% | -6.86% | 7.78% |
Correlation
The correlation between PLJIX and PCBIX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2017 | 0.89 |
Over the past year, the correlation between PLJIX and PCBIX has dropped to 0.66 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
PLJIX vs. PCBIX — Risk / Return Rank
PLJIX
PCBIX
PLJIX vs. PCBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime 2065 (PLJIX) and Principal MidCap Fund Institutional Class (PCBIX). 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 | PCBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.86 | ||
| Sortino ratioReturn per unit of downside risk | +2.59 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.91 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | -0.48 | +2.31 |
| Martin ratioReturn relative to average drawdown | 7.87 | -0.94 | +8.81 |
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Drawdowns
PLJIX vs. PCBIX - Drawdown Comparison
The maximum PLJIX drawdown since its inception was -34.13%, smaller than the maximum PCBIX drawdown of -50.25%. Use the drawdown chart below to compare losses from any high point for PLJIX and PCBIX.
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Drawdown Indicators
| PLJIX | PCBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.13% | -50.25% | +16.12% |
Max Drawdown (1Y)Largest decline over 1 year | -8.72% | -19.29% | +10.57% |
Max Drawdown (3Y)Largest decline over 3 years | -15.72% | -19.29% | +3.57% |
Max Drawdown (5Y)Largest decline over 5 years | -26.81% | -31.17% | +4.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.56% | — |
Current DrawdownCurrent decline from peak | -0.87% | -10.03% | +9.16% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -6.58% | +1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 9.82% | -7.79% |
Volatility
PLJIX vs. PCBIX - Volatility Comparison
The current volatility for Principal LifeTime 2065 (PLJIX) is 3.50%, while Principal MidCap Fund Institutional Class (PCBIX) has a volatility of 5.19%. This indicates that PLJIX experiences smaller price fluctuations and is considered to be less risky than PCBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLJIX | PCBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 5.19% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 12.00% | -1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.82% | 15.15% | -2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.53% | 18.75% | -3.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.69% | 19.14% | -2.45% |
PLJIX vs. PCBIX - Expense Ratio Comparison
PLJIX has a 0.05% expense ratio, which is lower than PCBIX's 0.67% expense ratio.
Dividends
PLJIX vs. PCBIX - Dividend Comparison
PLJIX's dividend yield for the trailing twelve months is around 6.32%, more than PCBIX's 6.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCBIX Principal MidCap Fund Institutional Class | 6.04% | 5.81% | 6.40% | 2.51% | 3.18% | 7.96% | 1.08% | 9.02% | 12.24% | 3.31% | 2.49% | 6.30% |
PLJIX Principal LifeTime 2065 | 6.32% | 6.88% | 6.05% | 3.59% | 6.54% | 3.83% | 2.45% | 3.83% | 3.34% | 1.87% | 0.00% | 0.00% |
Frequently Asked Questions
PLJIX and PCBIX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCBIX has higher volatility (5.19%) compared to PLJIX (3.50%). In terms of maximum drawdown, PLJIX dropped -34.13% vs PCBIX's -50.25%.
PLJIX currently has the higher Sharpe Ratio (1.25 vs -0.61), 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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