PLZTX vs. PCBIX
PLZTX (Principal LifeTime Hybrid 2030 Fund R-6) and PCBIX (Principal MidCap Fund Institutional Class) are both mutual funds - PLZTX 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, PLZTX returned 8.46%/yr vs 11.86%/yr for PCBIX. Their correlation of 0.87 means they have usually moved in the same direction. PLZTX charges 0.33%/yr vs 0.67%/yr for PCBIX.
Performance
PLZTX vs. PCBIX - Performance Comparison
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Returns By Period
In the year-to-date period, PLZTX achieves a 6.19% return, which is significantly higher than PCBIX's -4.46% return. Over the past 10 years, PLZTX has underperformed PCBIX with an annualized return of 8.46%, while PCBIX has yielded a comparatively higher 11.86% annualized return.
PLZTX
- 1D
- 0.13%
- 1M
- 0.00%
- 6M
- 3.95%
- YTD
- 6.19%
- 1Y
- 14.00%
- 3Y*
- 11.97%
- 5Y*
- 6.05%
- 10Y*
- 8.46%
- ALL TIME*
- 8.43%
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 |
PLZTX vs. PCBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLZTX Principal LifeTime Hybrid 2030 Fund R-6 | 6.19% | 14.46% | 11.11% | 14.97% | -16.74% | 13.93% | 14.79% | 20.97% | -7.35% | 16.71% |
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 PLZTX and PCBIX is 0.62, 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. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2015 | 0.87 |
Over the past year, the correlation between PLZTX and PCBIX has dropped to 0.62 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
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Return for Risk
PLZTX vs. PCBIX — Risk / Return Rank
PLZTX
PCBIX
PLZTX vs. PCBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime Hybrid 2030 Fund R-6 (PLZTX) 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.
| PLZTX | PCBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.21 | ||
| Sortino ratioReturn per unit of downside risk | +3.07 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.92 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | -0.47 | +2.84 |
| Martin ratioReturn relative to average drawdown | 10.07 | -0.92 | +10.99 |
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Drawdowns
PLZTX vs. PCBIX - Drawdown Comparison
The maximum PLZTX drawdown since its inception was -24.54%, smaller than the maximum PCBIX drawdown of -50.25%. Use the drawdown chart below to compare losses from any high point for PLZTX and PCBIX.
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Drawdown Indicators
| PLZTX | PCBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.54% | -50.25% | +25.71% |
Max Drawdown (1Y)Largest decline over 1 year | -5.73% | -19.29% | +13.56% |
Max Drawdown (3Y)Largest decline over 3 years | -10.07% | -19.29% | +9.22% |
Max Drawdown (5Y)Largest decline over 5 years | -21.95% | -31.17% | +9.22% |
Max Drawdown (10Y)Largest decline over 10 years | -24.54% | -40.56% | +16.02% |
Current DrawdownCurrent decline from peak | -0.91% | -10.71% | +9.80% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -6.58% | +2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 9.84% | -8.49% |
Volatility
PLZTX vs. PCBIX - Volatility Comparison
The current volatility for Principal LifeTime Hybrid 2030 Fund R-6 (PLZTX) is 2.32%, while Principal MidCap Fund Institutional Class (PCBIX) has a volatility of 5.21%. This indicates that PLZTX 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
| PLZTX | PCBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 5.21% | -2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 7.04% | 12.01% | -4.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.44% | 15.17% | -6.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.56% | 18.74% | -8.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.19% | 19.14% | -7.95% |
PLZTX vs. PCBIX - Expense Ratio Comparison
PLZTX has a 0.33% expense ratio, which is lower than PCBIX's 0.67% expense ratio.
Dividends
PLZTX vs. PCBIX - Dividend Comparison
PLZTX's dividend yield for the trailing twelve months is around 4.38%, less 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% |
PLZTX Principal LifeTime Hybrid 2030 Fund R-6 | 4.38% | 4.66% | 3.75% | 3.45% | 8.09% | 5.44% | 4.48% | 3.73% | 3.83% | 2.54% | 2.28% | 1.68% |
Frequently Asked Questions
PLZTX and PCBIX have a correlation of 0.62, 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 PLZTX (2.32%). In terms of maximum drawdown, PLZTX dropped -24.54% vs PCBIX's -50.25%.
PLZTX currently has the higher Sharpe Ratio (1.61 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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