PLZTX vs. PMAQX
PLZTX (Principal LifeTime Hybrid 2030 Fund R-6) and PMAQX (Principal MidCap R6) are both mutual funds - PLZTX is a Target Retirement Date fund managed by Principal, while PMAQX is a Mid Cap Growth Equities fund managed by Principal. Over the past 5 years, PLZTX returned 6.05%/yr vs 4.40%/yr for PMAQX. Their correlation of 0.87 means they have usually moved in the same direction. PLZTX charges 0.33%/yr vs 0.60%/yr for PMAQX.
Performance
PLZTX vs. PMAQX - 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 PMAQX's -4.40% 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%
PMAQX
- 1D
- -0.75%
- 1M
- -1.32%
- 6M
- -4.05%
- YTD
- -4.40%
- 1Y
- -7.95%
- 3Y*
- 9.14%
- 5Y*
- 4.40%
- 10Y*
- —
- ALL TIME*
- 12.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
PMAQX Principal MidCap R6 | $0.00 | $0.00 | $0.00 |
PLZTX vs. PMAQX - 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% |
PMAQX Principal MidCap R6 | -4.40% | 1.71% | 23.74% | 26.02% | -23.09% | 25.29% | 18.38% | 49.59% | -6.79% | 24.68% |
Correlation
The correlation between PLZTX and PMAQX 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 (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.87 |
Over the past year, the correlation between PLZTX and PMAQX 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. PMAQX — Risk / Return Rank
PLZTX
PMAQX
PLZTX vs. PMAQX - 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 R6 (PMAQX). 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 | PMAQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.20 | ||
| Sortino ratioReturn per unit of downside risk | +3.06 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.92 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | -0.47 | +2.84 |
| Martin ratioReturn relative to average drawdown | 10.07 | -0.91 | +10.98 |
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Drawdowns
PLZTX vs. PMAQX - Drawdown Comparison
The maximum PLZTX drawdown since its inception was -24.54%, smaller than the maximum PMAQX drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for PLZTX and PMAQX.
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Drawdown Indicators
| PLZTX | PMAQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.54% | -40.56% | +16.02% |
Max Drawdown (1Y)Largest decline over 1 year | -5.73% | -19.25% | +13.52% |
Max Drawdown (3Y)Largest decline over 3 years | -10.07% | -19.25% | +9.18% |
Max Drawdown (5Y)Largest decline over 5 years | -21.95% | -31.10% | +9.15% |
Max Drawdown (10Y)Largest decline over 10 years | -24.54% | — | — |
Current DrawdownCurrent decline from peak | -0.91% | -10.62% | +9.71% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -6.89% | +3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 9.81% | -8.46% |
Volatility
PLZTX vs. PMAQX - Volatility Comparison
The current volatility for Principal LifeTime Hybrid 2030 Fund R-6 (PLZTX) is 2.32%, while Principal MidCap R6 (PMAQX) has a volatility of 5.21%. This indicates that PLZTX experiences smaller price fluctuations and is considered to be less risky than PMAQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLZTX | PMAQX | 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% | 12.03% | -4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.44% | 15.19% | -6.75% |
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% | 19.43% | -8.24% |
PLZTX vs. PMAQX - Expense Ratio Comparison
PLZTX has a 0.33% expense ratio, which is lower than PMAQX's 0.60% expense ratio.
Dividends
PLZTX vs. PMAQX - Dividend Comparison
PLZTX's dividend yield for the trailing twelve months is around 4.38%, less than PMAQX's 6.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PMAQX Principal MidCap R6 | 6.07% | 5.80% | 6.46% | 2.58% | 3.18% | 7.96% | 1.08% | 9.14% | 12.39% | 3.39% | 0.00% | 0.00% |
Frequently Asked Questions
PLZTX and PMAQX 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.
PMAQX has higher volatility (5.21%) compared to PLZTX (2.32%). In terms of maximum drawdown, PLZTX dropped -24.54% vs PMAQX's -40.56%.
PLZTX currently has the higher Sharpe Ratio (1.61 vs -0.59), 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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