PLTQX vs. FIRMX

Last updated Jul 15, 2026

PLTQX (Principal LifeTime Hybrid 2040 Fund) and FIRMX (Fidelity Managed Retirement Income Fund) are both Target Retirement Date funds. A 0.77 correlation means they provide meaningful diversification when combined. PLTQX charges 0.05%/yr vs 0.45%/yr for FIRMX.

Performance

PLTQX vs. FIRMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal LifeTime Hybrid 2040 Fund (PLTQX) and Fidelity Managed Retirement Income Fund (FIRMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PLTQX

• 1D: -0.89%
• 1M: -0.28%
• 6M: 5.52%
• YTD: 7.76%
• 1Y: 17.18%
• 3Y*: 14.90%
• 5Y*: 8.08%
• 10Y*: 10.15%

FIRMX

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

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

PLTQX vs. FIRMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PLTQX Principal LifeTime Hybrid 2040 Fund	7.76%	17.25%	14.58%	18.16%	-17.90%	17.09%	15.41%	23.86%	-8.61%	19.16%
FIRMX Fidelity Managed Retirement Income Fund	3.60%	9.95%	4.29%	8.07%	-11.66%	2.77%	8.57%	10.57%	-1.80%	7.08%

Correlation

The correlation between PLTQX and FIRMX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014	0.77

The correlation between PLTQX and FIRMX has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.

Return for Risk

PLTQX vs. FIRMX — Risk / Return Rank

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

PLTQX

PLTQX Risk / Return Rank: 59
PLTQX Sharpe Ratio Rank: 54
PLTQX Sortino Ratio Rank: 53
PLTQX Omega Ratio Rank: 54
PLTQX Calmar Ratio Rank: 61
PLTQX Martin Ratio Rank: 73

FIRMX

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.

PLTQX vs. FIRMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime Hybrid 2040 Fund (PLTQX) and Fidelity Managed Retirement Income Fund (FIRMX). 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.

	PLTQX	FIRMX	Difference
Sharpe ratio: Return per unit of total volatility	1.62	—	—
Sortino ratio: Return per unit of downside risk	2.29	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.38	—	—
Martin ratio: Return relative to average drawdown	10.41	—	—

Drawdowns

Drawdown Indicators

	PLTQX	FIRMX	Difference
Max Drawdown Largest peak-to-trough decline	-29.05%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.75%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.18%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.05%	—	—
Current Drawdown Current decline from peak	-1.50%	—	—
Average Drawdown Average peak-to-trough decline	-4.38%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	—	—

Volatility

Volatility by Period

	PLTQX	FIRMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.70%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.49%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.75%	—	—

PLTQX vs. FIRMX - Expense Ratio Comparison

PLTQX has a 0.05% expense ratio, which is lower than FIRMX's 0.45% expense ratio.

Dividends

PLTQX vs. FIRMX - Dividend Comparison

PLTQX's dividend yield for the trailing twelve months is around 4.18%, more than FIRMX's 3.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIRMX Fidelity Managed Retirement Income Fund	3.12%	3.13%	3.02%	2.81%	4.54%	3.56%	2.48%	2.59%	4.65%	8.57%	1.67%	1.68%
PLTQX Principal LifeTime Hybrid 2040 Fund	4.18%	4.50%	4.19%	3.14%	8.95%	5.00%	3.85%	3.84%	4.47%	2.37%	2.34%	1.65%

Frequently Asked Questions

Can I hold both PLTQX and FIRMX in my portfolio?

PLTQX and FIRMX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.