PMTIX vs. FIRSX

Last updated Jul 15, 2026

PMTIX (Principal LifeTime 2030 Fund) and FIRSX (Fidelity Managed Retirement 2015 Fund) are both Target Retirement Date funds. With a 0.95 correlation, they move nearly in lockstep. PMTIX charges 0.01%/yr vs 0.46%/yr for FIRSX.

Performance

PMTIX vs. FIRSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal LifeTime 2030 Fund (PMTIX) and Fidelity Managed Retirement 2015 Fund (FIRSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PMTIX

• 1D: -0.73%
• 1M: -0.27%
• 6M: 3.24%
• YTD: 4.83%
• 1Y: 11.17%
• 3Y*: 11.95%
• 5Y*: 5.72%
• 10Y*: 8.52%

FIRSX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PMTIX vs. FIRSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PMTIX Principal LifeTime 2030 Fund	4.83%	13.25%	12.86%	15.11%	-16.81%	12.70%	14.71%	22.40%	-7.45%	18.41%
FIRSX Fidelity Managed Retirement 2015 Fund	4.25%	11.12%	5.17%	9.63%	-13.52%	5.32%	10.88%	14.45%	-3.68%	12.08%

Correlation

The correlation between PMTIX and FIRSX is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.88
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 Aug 30, 2007	0.95

The correlation between PMTIX and FIRSX has been stable across timeframes, ranging from 0.87 to 0.95 - a consistent structural relationship.

Return for Risk

PMTIX vs. FIRSX — Risk / Return Rank

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

PMTIX

PMTIX Risk / Return Rank: 43
PMTIX Sharpe Ratio Rank: 40
PMTIX Sortino Ratio Rank: 39
PMTIX Omega Ratio Rank: 41
PMTIX Calmar Ratio Rank: 41
PMTIX Martin Ratio Rank: 51

FIRSX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

PMTIX vs. FIRSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime 2030 Fund (PMTIX) and Fidelity Managed Retirement 2015 Fund (FIRSX). 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.

	PMTIX	FIRSX	Difference
Sharpe ratio: Return per unit of total volatility	1.39	—	—
Sortino ratio: Return per unit of downside risk	1.99	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	1.93	—	—
Martin ratio: Return relative to average drawdown	8.31	—	—

Drawdowns

Drawdown Indicators

	PMTIX	FIRSX	Difference
Max Drawdown Largest peak-to-trough decline	-52.14%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-5.85%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-9.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.05%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.87%	—	—
Current Drawdown Current decline from peak	-1.12%	—	—
Average Drawdown Average peak-to-trough decline	-6.77%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.36%	—	—

Volatility

Volatility by Period

	PMTIX	FIRSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.16%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.63%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.15%	—	—

PMTIX vs. FIRSX - Expense Ratio Comparison

PMTIX has a 0.01% expense ratio, which is lower than FIRSX's 0.46% expense ratio.

Dividends

PMTIX vs. FIRSX - Dividend Comparison

PMTIX's dividend yield for the trailing twelve months is around 9.25%, more than FIRSX's 2.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIRSX Fidelity Managed Retirement 2015 Fund	2.95%	3.01%	2.89%	2.68%	4.92%	5.21%	3.39%	3.24%	6.33%	24.28%	2.04%	4.48%
PMTIX Principal LifeTime 2030 Fund	9.25%	9.69%	9.60%	4.26%	10.05%	8.87%	6.37%	6.49%	8.21%	5.87%	3.97%	9.44%

Frequently Asked Questions

Can I hold both PMTIX and FIRSX in my portfolio?

PMTIX and FIRSX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.