PLSAX vs. PLFIX

Last updated Apr 1, 2026

Compare and contrast key facts about Principal LargeCap S&P 500 Index Fund Class A (PLSAX) and Principal Large Cap S&P 500 Index Fund Institutional (PLFIX).

PLSAX is a passively managed fund by Principal Funds that tracks the performance of the S&P 500 Index. It was launched on Feb 2, 2001. 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. Both PLSAX and PLFIX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

PLSAX vs. PLFIX - Performance Comparison

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

PLSAX vs. PLFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PLSAX Principal LargeCap S&P 500 Index Fund Class A	-7.11%	17.50%	26.46%	25.70%	-18.41%	27.93%	17.85%	30.97%	-4.93%	21.23%
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%

Returns By Period

The year-to-date returns for both investments are quite close, with PLSAX having a -7.11% return and PLFIX slightly higher at -7.07%. Both investments have delivered pretty close results over the past 10 years, with PLSAX having a 13.42% annualized return and PLFIX not far ahead at 13.72%.

PLSAX

• 1D: -0.40%
• 1M: -7.71%
• YTD: -7.11%
• 6M: -4.72%
• 1Y: 14.11%
• 3Y*: 17.33%
• 5Y*: 11.29%
• 10Y*: 13.42%

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%

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

PLSAX vs. PLFIX - Expense Ratio Comparison

PLSAX has a 0.38% expense ratio, which is higher than PLFIX's 0.11% expense ratio.

PLSAX

Principal LargeCap S&P 500 Index Fund Class A

PLFIX

Principal Large Cap S&P 500 Index Fund Institutional

Return for Risk

PLSAX vs. PLFIX — Risk / Return Rank

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

PLSAX

PLSAX Risk / Return Rank: 45
PLSAX Sharpe Ratio Rank: 40
PLSAX Sortino Ratio Rank: 45
PLSAX Omega Ratio Rank: 47
PLSAX Calmar Ratio Rank: 40
PLSAX Martin Ratio Rank: 52

PLFIX

PLFIX Risk / Return Rank: 43
PLFIX Sharpe Ratio Rank: 38
PLFIX Sortino Ratio Rank: 42
PLFIX Omega Ratio Rank: 44
PLFIX Calmar Ratio Rank: 39
PLFIX Martin Ratio Rank: 52

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.

PLSAX vs. PLFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal LargeCap S&P 500 Index Fund Class A (PLSAX) 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.

	PLSAX	PLFIX	Difference
Sharpe ratio Return per unit of total volatility	0.83	0.85	-0.02
Sortino ratio Return per unit of downside risk	1.31	1.33	-0.02
Omega ratio Gain probability vs. loss probability	1.19	1.20	0.00
Calmar ratio Return relative to maximum drawdown	1.03	1.05	-0.02
Martin ratio Return relative to average drawdown	5.02	5.14	-0.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLSAX vs. PLFIX - Sharpe Ratio Comparison

The current PLSAX Sharpe Ratio is 0.83, which is comparable to the PLFIX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of PLSAX and PLFIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PLSAX	PLFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	0.85	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.69	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.79	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.45	-0.05

Correlation

The correlation between PLSAX and PLFIX is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PLSAX vs. PLFIX - Dividend Comparison

PLSAX's dividend yield for the trailing twelve months is around 2.96%, less than PLFIX's 3.17% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PLSAX Principal LargeCap S&P 500 Index Fund Class A	2.96%	2.75%	4.07%	3.90%	2.70%	13.38%	7.35%	3.57%	7.19%	6.72%	2.93%	2.36%
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%

Drawdowns

PLSAX vs. PLFIX - Drawdown Comparison

The maximum PLSAX drawdown since its inception was -55.67%, roughly equal to the maximum PLFIX drawdown of -55.28%. Use the drawdown chart below to compare losses from any high point for PLSAX and PLFIX.

Drawdown Indicators

	PLSAX	PLFIX	Difference
Max Drawdown Largest peak-to-trough decline	-55.67%	-55.28%	-0.39%
Max Drawdown (1Y) Largest decline over 1 year	-12.13%	-12.13%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-24.69%	-24.58%	-0.11%
Max Drawdown (10Y) Largest decline over 10 years	-33.79%	-33.77%	-0.02%
Current Drawdown Current decline from peak	-8.94%	-8.90%	-0.04%
Average Drawdown Average peak-to-trough decline	-10.22%	-8.91%	-1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	2.48%	+0.01%

Volatility

PLSAX vs. PLFIX - Volatility Comparison

Principal LargeCap S&P 500 Index Fund Class A (PLSAX) and Principal Large Cap S&P 500 Index Fund Institutional (PLFIX) have volatilities of 4.22% and 4.24%, 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

	PLSAX	PLFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	4.24%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	9.07%	9.06%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	17.87%	17.85%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.87%	16.87%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.46%	17.48%	-0.02%