PLWIX vs. TRRLX
PLWIX (Principal LifeTime 2020 Fund) and TRRLX (T. Rowe Price Retirement 2060 Fund) are both Target Retirement Date funds. Over the past 10 years, PLWIX returned 7.40%/yr vs 11.25%/yr for TRRLX. Their correlation of 0.93 suggests significant overlap in exposure. PLWIX charges 0.01%/yr vs 0.64%/yr for TRRLX.
Performance
PLWIX vs. TRRLX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PLWIX achieves a 4.37% return, which is significantly lower than TRRLX's 11.32% return. Over the past 10 years, PLWIX has underperformed TRRLX with an annualized return of 7.40%, while TRRLX has yielded a comparatively higher 11.25% annualized return.
PLWIX
- 1D
- 0.64%
- 1M
- 1.04%
- YTD
- 4.37%
- 6M
- 4.36%
- 1Y
- 11.89%
- 3Y*
- 11.17%
- 5Y*
- 5.39%
- 10Y*
- 7.40%
TRRLX
- 1D
- 1.20%
- 1M
- 1.34%
- YTD
- 11.32%
- 6M
- 11.09%
- 1Y
- 21.42%
- 3Y*
- 16.15%
- 5Y*
- 8.56%
- 10Y*
- 11.25%
PLWIX vs. TRRLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLWIX Principal LifeTime 2020 Fund | 4.37% | 11.32% | 12.21% | 12.23% | -14.36% | 9.05% | 12.70% | 18.40% | -5.72% | 14.96% |
TRRLX T. Rowe Price Retirement 2060 Fund | 11.32% | 14.54% | 14.22% | 20.87% | -19.22% | 17.50% | 18.46% | 25.39% | -7.62% | 20.79% |
Correlation
The correlation between PLWIX and TRRLX is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2014 | 0.93 |
The correlation between PLWIX and TRRLX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PLWIX vs. TRRLX — Risk / Return Rank
PLWIX
TRRLX
PLWIX vs. TRRLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime 2020 Fund (PLWIX) and T. Rowe Price Retirement 2060 Fund (TRRLX). 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.
| PLWIX | TRRLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.31 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 2.22 | +0.28 |
| Martin ratioReturn relative to average drawdown | 10.94 | 9.11 | +1.84 |
Loading charts...
Drawdowns
PLWIX vs. TRRLX - Drawdown Comparison
The maximum PLWIX drawdown since its inception was -49.07%, which is greater than TRRLX's maximum drawdown of -32.52%. Use the drawdown chart below to compare losses from any high point for PLWIX and TRRLX.
Loading charts...
Drawdown Indicators
| PLWIX | TRRLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.07% | -32.52% | -16.55% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | -9.82% | +5.07% |
Max Drawdown (3Y)Largest decline over 3 years | -6.97% | -15.59% | +8.62% |
Max Drawdown (5Y)Largest decline over 5 years | -19.73% | -28.09% | +8.36% |
Max Drawdown (10Y)Largest decline over 10 years | -20.29% | -32.52% | +12.23% |
Current DrawdownCurrent decline from peak | -0.24% | -0.47% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -5.16% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 2.36% | -1.28% |
Volatility
PLWIX vs. TRRLX - Volatility Comparison
The current volatility for Principal LifeTime 2020 Fund (PLWIX) is 2.53%, while T. Rowe Price Retirement 2060 Fund (TRRLX) has a volatility of 4.96%. This indicates that PLWIX experiences smaller price fluctuations and is considered to be less risky than TRRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PLWIX | TRRLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 4.96% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 5.22% | 11.06% | -5.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.25% | 13.23% | -6.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.29% | 15.39% | -7.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.58% | 15.56% | -6.98% |
PLWIX vs. TRRLX - Expense Ratio Comparison
PLWIX has a 0.01% expense ratio, which is lower than TRRLX's 0.64% expense ratio.
Dividends
PLWIX vs. TRRLX - Dividend Comparison
PLWIX's dividend yield for the trailing twelve months is around 9.66%, while TRRLX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLWIX Principal LifeTime 2020 Fund | 9.66% | 10.08% | 11.91% | 5.12% | 9.82% | 9.40% | 5.90% | 8.69% | 7.35% | 5.74% | 3.73% | 8.75% |
TRRLX T. Rowe Price Retirement 2060 Fund | 0.00% | 0.00% | 1.74% | 3.29% | 5.75% | 4.19% | 2.38% | 4.33% | 5.39% | 1.58% | 1.58% | 0.83% |
Frequently Asked Questions
With a correlation of 0.91, PLWIX and TRRLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TRRLX has higher volatility (4.96%) compared to PLWIX (2.53%). In terms of maximum drawdown, PLWIX dropped -49.07% vs TRRLX's -32.52%.
PLWIX currently has the higher Sharpe Ratio (1.90 vs 1.65), 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.
Find the right allocation for PLWIX and TRRLX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer