PLTZX vs. PCBIX
PLTZX (Principal LifeTime 2060 Fund) and PCBIX (Principal MidCap Fund Institutional Class) are both mutual funds - PLTZX is a Target Retirement Date fund managed by Principal, while PCBIX is a Mid Cap Growth Equities fund managed by Principal. Over the past 10 years, PLTZX returned 11.38%/yr vs 11.86%/yr for PCBIX. Their correlation of 0.90 means they have usually moved in the same direction. PLTZX charges 0.01%/yr vs 0.67%/yr for PCBIX.
Performance
PLTZX vs. PCBIX - Performance Comparison
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Returns By Period
In the year-to-date period, PLTZX achieves a 9.14% return, which is significantly higher than PCBIX's -4.46% return. Both investments have delivered pretty close results over the past 10 years, with PLTZX having a 11.38% annualized return and PCBIX not far ahead at 11.86%.
PLTZX
- 1D
- 0.39%
- 1M
- 0.83%
- 6M
- 5.71%
- YTD
- 9.14%
- 1Y
- 18.47%
- 3Y*
- 16.26%
- 5Y*
- 8.78%
- 10Y*
- 11.38%
- ALL TIME*
- 10.48%
PCBIX
- 1D
- -0.75%
- 1M
- -1.35%
- 6M
- -4.10%
- YTD
- -4.46%
- 1Y
- -8.05%
- 3Y*
- 9.05%
- 5Y*
- 4.31%
- 10Y*
- 11.86%
- ALL TIME*
- 10.89%
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 |
PLTZX vs. PCBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLTZX Principal LifeTime 2060 Fund | 9.14% | 17.76% | 16.89% | 20.36% | -18.81% | 18.12% | 16.60% | 27.54% | -9.24% | 22.68% |
PCBIX Principal MidCap Fund Institutional Class | -4.46% | 1.62% | 23.63% | 25.92% | -23.16% | 25.22% | 18.25% | 49.40% | -6.86% | 25.32% |
Correlation
The correlation between PLTZX and PCBIX is 0.65, 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. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2013 | 0.90 |
Over the past year, the correlation between PLTZX and PCBIX has dropped to 0.65 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.
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Return for Risk
PLTZX vs. PCBIX — Risk / Return Rank
PLTZX
PCBIX
PLTZX vs. PCBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime 2060 Fund (PLTZX) 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.
| PLTZX | PCBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.94 | ||
| Sortino ratioReturn per unit of downside risk | +2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.92 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | -0.47 | +2.45 |
| Martin ratioReturn relative to average drawdown | 8.47 | -0.92 | +9.39 |
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Drawdowns
PLTZX vs. PCBIX - Drawdown Comparison
The maximum PLTZX drawdown since its inception was -34.01%, smaller than the maximum PCBIX drawdown of -50.25%. Use the drawdown chart below to compare losses from any high point for PLTZX and PCBIX.
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Drawdown Indicators
| PLTZX | PCBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.01% | -50.25% | +16.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.70% | -19.29% | +10.59% |
Max Drawdown (3Y)Largest decline over 3 years | -15.73% | -19.29% | +3.56% |
Max Drawdown (5Y)Largest decline over 5 years | -26.79% | -31.17% | +4.38% |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | -40.56% | +6.55% |
Current DrawdownCurrent decline from peak | -0.48% | -10.71% | +10.23% |
Average DrawdownAverage peak-to-trough decline | -4.59% | -6.58% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 9.84% | -7.81% |
Volatility
PLTZX vs. PCBIX - Volatility Comparison
The current volatility for Principal LifeTime 2060 Fund (PLTZX) is 3.41%, while Principal MidCap Fund Institutional Class (PCBIX) has a volatility of 5.21%. This indicates that PLTZX 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
| PLTZX | PCBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 5.21% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 12.01% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.83% | 15.17% | -2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.59% | 18.74% | -3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.95% | 19.14% | -3.19% |
PLTZX vs. PCBIX - Expense Ratio Comparison
PLTZX has a 0.01% expense ratio, which is lower than PCBIX's 0.67% expense ratio.
Dividends
PLTZX vs. PCBIX - Dividend Comparison
PLTZX's dividend yield for the trailing twelve months is around 7.64%, more than PCBIX's 6.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCBIX Principal MidCap Fund Institutional Class | 6.09% | 5.81% | 6.40% | 2.51% | 3.18% | 7.96% | 1.08% | 9.02% | 12.24% | 3.31% | 2.49% | 6.30% |
PLTZX Principal LifeTime 2060 Fund | 7.64% | 8.33% | 7.85% | 4.12% | 8.44% | 5.29% | 3.60% | 5.86% | 5.75% | 2.73% | 3.48% | 3.29% |
Frequently Asked Questions
PLTZX and PCBIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCBIX has higher volatility (5.21%) compared to PLTZX (3.41%). In terms of maximum drawdown, PLTZX dropped -34.01% vs PCBIX's -50.25%.
PLTZX currently has the higher Sharpe Ratio (1.34 vs -0.60), 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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