PLSIX vs. ONEQ
Compare and contrast key facts about Principal LifeTime Strategic Income Fund (PLSIX) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
PLSIX is managed by Principal. It was launched on Feb 28, 2001. ONEQ is a passively managed fund by Fidelity that tracks the performance of the NASDAQ Composite Index. It was launched on Sep 25, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PLSIX or ONEQ.
Key characteristics
| PLSIX | ONEQ | |
|---|---|---|
| YTD Return | 7.16% | 24.57% |
| 1Y Return | 17.36% | 46.02% |
| 3Y Return (Ann) | 1.18% | 7.68% |
| 5Y Return (Ann) | 3.80% | 18.52% |
| 10Y Return (Ann) | 3.90% | 16.16% |
| Sharpe Ratio | 3.11 | 2.75 |
| Sortino Ratio | 4.78 | 3.50 |
| Omega Ratio | 1.63 | 1.49 |
| Calmar Ratio | 1.38 | 2.67 |
| Martin Ratio | 21.47 | 13.55 |
| Ulcer Index | 0.81% | 3.46% |
| Daily Std Dev | 5.61% | 17.01% |
| Max Drawdown | -31.94% | -55.09% |
| Current Drawdown | -1.52% | -0.45% |
Correlation
The correlation between PLSIX and ONEQ is 0.73, 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.
Performance
PLSIX vs. ONEQ - Performance Comparison
In the year-to-date period, PLSIX achieves a 7.16% return, which is significantly lower than ONEQ's 24.57% return. Over the past 10 years, PLSIX has underperformed ONEQ with an annualized return of 3.90%, while ONEQ has yielded a comparatively higher 16.16% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PLSIX vs. ONEQ - Expense Ratio Comparison
PLSIX has a 0.02% expense ratio, which is lower than ONEQ's 0.21% 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%.
Risk-Adjusted Performance
PLSIX vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime Strategic Income Fund (PLSIX) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ). 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.
Dividends
PLSIX vs. ONEQ - Dividend Comparison
PLSIX's dividend yield for the trailing twelve months is around 2.42%, more than ONEQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLSIX Principal LifeTime Strategic Income Fund | 2.42% | 2.59% | 5.27% | 7.76% | 3.80% | 5.45% | 7.67% | 4.76% | 2.50% | 2.11% | 2.15% | 2.24% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.62% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% | 0.84% |
Drawdowns
PLSIX vs. ONEQ - Drawdown Comparison
The maximum PLSIX drawdown since its inception was -31.94%, smaller than the maximum ONEQ drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for PLSIX and ONEQ. For additional features, visit the drawdowns tool.
Volatility
PLSIX vs. ONEQ - Volatility Comparison
The current volatility for Principal LifeTime Strategic Income Fund (PLSIX) is 1.09%, while Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) has a volatility of 3.44%. This indicates that PLSIX experiences smaller price fluctuations and is considered to be less risky than ONEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.