PMBMX vs. LTRIX

Last updated Jul 18, 2026

PMBMX (Principal MidCap Fund) and LTRIX (Principal LifeTime 2045 Fund) are both mutual funds - PMBMX is a Mid Cap Growth Equities fund managed by Principal, while LTRIX is a Target Retirement Date fund managed by Principal. Over the past 10 years, PMBMX returned 11.55%/yr vs 10.73%/yr for LTRIX. Their correlation of 0.92 suggests significant overlap in exposure. PMBMX charges 1.15%/yr vs 0.01%/yr for LTRIX.

Performance

PMBMX vs. LTRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal MidCap Fund (PMBMX) and Principal LifeTime 2045 Fund (LTRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMBMX achieves a -3.42% return, which is significantly lower than LTRIX's 7.74% return. Over the past 10 years, PMBMX has outperformed LTRIX with an annualized return of 11.55%, while LTRIX has yielded a comparatively lower 10.73% annualized return.

PMBMX

• 1D: 1.30%
• 1M: 3.56%
• 6M: -6.20%
• YTD: -3.42%
• 1Y: -8.20%
• 3Y*: 8.78%
• 5Y*: 4.95%
• 10Y*: 11.55%

LTRIX

• 1D: -0.30%
• 1M: 0.74%
• 6M: 5.26%
• YTD: 7.74%
• 1Y: 15.46%
• 3Y*: 15.58%
• 5Y*: 8.42%
• 10Y*: 10.73%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PMBMX vs. LTRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PMBMX Principal MidCap Fund	-3.42%	1.16%	23.38%	25.36%	-23.52%	24.63%	17.69%	49.09%	-7.28%	24.73%
LTRIX Principal LifeTime 2045 Fund	7.74%	16.69%	16.90%	19.40%	-18.51%	16.55%	16.33%	25.81%	-8.34%	21.38%

Correlation

The correlation between PMBMX and LTRIX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Mar 3, 2008	0.92

Over the past year, the correlation between PMBMX and LTRIX has dropped to 0.70 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.

Return for Risk

PMBMX vs. LTRIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PMBMX

PMBMX Risk / Return Rank: 1
PMBMX Sharpe Ratio Rank: 1
PMBMX Sortino Ratio Rank: 1
PMBMX Omega Ratio Rank: 1
PMBMX Calmar Ratio Rank: 1
PMBMX Martin Ratio Rank: 1

LTRIX

LTRIX Risk / Return Rank: 40
LTRIX Sharpe Ratio Rank: 37
LTRIX Sortino Ratio Rank: 35
LTRIX Omega Ratio Rank: 37
LTRIX Calmar Ratio Rank: 39
LTRIX Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PMBMX vs. LTRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal MidCap Fund (PMBMX) and Principal LifeTime 2045 Fund (LTRIX). 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.

	PMBMX	LTRIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.50	1.42	-1.92
Sortino ratio: Return per unit of downside risk	-0.62	2.01	-2.63
Omega ratio: Gain probability vs. loss probability	0.93	1.26	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.38	2.02	-2.40
Martin ratio: Return relative to average drawdown	-0.75	8.74	-9.49

PMBMX vs. LTRIX - Sharpe Ratio Comparison

The current PMBMX Sharpe Ratio is -0.50, which is lower than the LTRIX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of PMBMX and LTRIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PMBMX vs. LTRIX - Drawdown Comparison

The maximum PMBMX drawdown since its inception was -50.69%, roughly equal to the maximum LTRIX drawdown of -51.39%. Use the drawdown chart below to compare losses from any high point for PMBMX and LTRIX.

Drawdown Indicators

	PMBMX	LTRIX	Difference
Max Drawdown Largest peak-to-trough decline	-50.69%	-51.39%	+0.70%
Max Drawdown (1Y) Largest decline over 1 year	-19.53%	-8.04%	-11.49%
Max Drawdown (3Y) Largest decline over 3 years	-19.53%	-14.47%	-5.06%
Max Drawdown (5Y) Largest decline over 5 years	-31.48%	-26.25%	-5.23%
Max Drawdown (10Y) Largest decline over 10 years	-40.60%	-31.56%	-9.04%
Current Drawdown Current decline from peak	-9.90%	-0.91%	-8.99%
Average Drawdown Average peak-to-trough decline	-6.75%	-7.16%	+0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.80%	1.86%	+7.94%

Volatility

PMBMX vs. LTRIX - Volatility Comparison

Principal MidCap Fund (PMBMX) has a higher volatility of 3.94% compared to Principal LifeTime 2045 Fund (LTRIX) at 3.24%. This indicates that PMBMX's price experiences larger fluctuations and is considered to be riskier than LTRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PMBMX	LTRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	3.24%	+0.70%
Volatility (6M) Calculated over the trailing 6-month period	11.75%	9.61%	+2.14%
Volatility (1Y) Calculated over the trailing 1-year period	14.77%	11.50%	+3.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.73%	14.70%	+4.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.13%	14.76%	+4.37%

PMBMX vs. LTRIX - Expense Ratio Comparison

PMBMX has a 1.15% expense ratio, which is higher than LTRIX's 0.01% expense ratio.

Dividends

PMBMX vs. LTRIX - Dividend Comparison

PMBMX's dividend yield for the trailing twelve months is around 6.64%, less than LTRIX's 8.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LTRIX Principal LifeTime 2045 Fund	8.64%	9.31%	9.40%	4.25%	8.71%	6.75%	4.62%	6.93%	7.50%	4.57%	4.48%	5.42%
PMBMX Principal MidCap Fund	6.64%	6.41%	6.86%	2.68%	3.43%	8.51%	1.15%	9.00%	12.79%	3.39%	2.16%	6.38%

Frequently Asked Questions

Can I hold both PMBMX and LTRIX in my portfolio?

PMBMX and LTRIX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PMBMX or LTRIX?

PMBMX has higher volatility (3.94%) compared to LTRIX (3.24%). In terms of maximum drawdown, PMBMX dropped -50.69% vs LTRIX's -51.39%.

Which has better risk-adjusted returns?

LTRIX currently has the higher Sharpe Ratio (1.42 vs -0.50), 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.