PLTQX vs. FRAMX
Compare and contrast key facts about Principal LifeTime Hybrid 2040 Fund (PLTQX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
PLTQX is managed by Principal. It was launched on Sep 29, 2014. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
PLTQX vs. FRAMX - Performance Comparison
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PLTQX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLTQX Principal LifeTime Hybrid 2040 Fund | -3.64% | 17.25% | 14.58% | 18.16% | -17.90% | 17.09% | 15.41% | 23.86% | -8.61% | 19.16% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, PLTQX achieves a -3.64% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, PLTQX has outperformed FRAMX with an annualized return of 9.37%, while FRAMX has yielded a comparatively lower 3.65% annualized return.
PLTQX
- 1D
- -0.19%
- 1M
- -6.97%
- YTD
- -3.64%
- 6M
- -1.14%
- 1Y
- 13.91%
- 3Y*
- 12.97%
- 5Y*
- 6.99%
- 10Y*
- 9.37%
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
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PLTQX vs. FRAMX - Expense Ratio Comparison
PLTQX has a 0.05% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
PLTQX vs. FRAMX — Risk / Return Rank
PLTQX
FRAMX
PLTQX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime Hybrid 2040 Fund (PLTQX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| PLTQX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 1.50 | -0.44 |
Sortino ratioReturn per unit of downside risk | 1.58 | 2.09 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.00 | -0.75 |
Martin ratioReturn relative to average drawdown | 6.25 | 8.06 | -1.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PLTQX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 1.50 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.41 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.82 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.49 | +0.13 |
Correlation
The correlation between PLTQX and FRAMX is 0.77, 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
PLTQX vs. FRAMX - Dividend Comparison
PLTQX's dividend yield for the trailing twelve months is around 4.67%, more than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLTQX Principal LifeTime Hybrid 2040 Fund | 4.67% | 4.50% | 4.19% | 3.14% | 8.95% | 5.00% | 3.85% | 3.84% | 4.47% | 2.37% | 2.34% | 1.65% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
PLTQX vs. FRAMX - Drawdown Comparison
The maximum PLTQX drawdown since its inception was -29.05%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for PLTQX and FRAMX.
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Drawdown Indicators
| PLTQX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.05% | -33.94% | +4.89% |
Max Drawdown (1Y)Largest decline over 1 year | -10.05% | -3.45% | -6.60% |
Max Drawdown (5Y)Largest decline over 5 years | -24.18% | -16.31% | -7.87% |
Max Drawdown (10Y)Largest decline over 10 years | -29.05% | -16.31% | -12.74% |
Current DrawdownCurrent decline from peak | -7.29% | -3.20% | -4.09% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -3.87% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 0.86% | +1.16% |
Volatility
PLTQX vs. FRAMX - Volatility Comparison
Principal LifeTime Hybrid 2040 Fund (PLTQX) has a higher volatility of 4.22% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that PLTQX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLTQX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 1.96% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 7.48% | 2.86% | +4.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 4.59% | +8.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.32% | 5.21% | +8.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.75% | 4.47% | +9.28% |