PPVIX vs. PMTIX

Last updated Jun 3, 2026

PPVIX (Principal SmallCap Value Fund II) and PMTIX (Principal LifeTime 2030 Fund) are both mutual funds - PPVIX is a Small Cap Value Equities fund managed by Principal, while PMTIX is a Target Retirement Date fund managed by Principal. Over the past 10 years, PPVIX returned 10.71%/yr vs 8.78%/yr for PMTIX. Their correlation of 0.86 suggests significant overlap in exposure. PPVIX charges 0.96%/yr vs 0.01%/yr for PMTIX.

Performance

PPVIX vs. PMTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal SmallCap Value Fund II (PPVIX) and Principal LifeTime 2030 Fund (PMTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PPVIX achieves a 10.50% return, which is significantly higher than PMTIX's 5.74% return. Over the past 10 years, PPVIX has outperformed PMTIX with an annualized return of 10.71%, while PMTIX has yielded a comparatively lower 8.78% annualized return.

PPVIX

• 1D: -0.39%
• 1M: -1.56%
• YTD: 10.50%
• 6M: 11.48%
• 1Y: 30.31%
• 3Y*: 17.13%
• 5Y*: 9.09%
• 10Y*: 10.71%

PMTIX

• 1D: 0.33%
• 1M: 2.37%
• YTD: 5.74%
• 6M: 6.24%
• 1Y: 15.49%
• 3Y*: 13.53%
• 5Y*: 6.14%
• 10Y*: 8.78%

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

PPVIX vs. PMTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PPVIX Principal SmallCap Value Fund II	10.50%	8.18%	16.09%	20.00%	-9.20%	32.00%	3.61%	23.19%	-14.74%	6.94%
PMTIX Principal LifeTime 2030 Fund	5.74%	13.25%	12.86%	15.11%	-16.81%	12.70%	14.71%	22.40%	-7.45%	18.41%

Correlation

The correlation between PPVIX and PMTIX is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jun 3, 2004	0.86

The correlation between PPVIX and PMTIX shifts across timeframes, from 0.72 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PPVIX vs. PMTIX — Risk / Return Rank

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

PPVIX

PPVIX Risk / Return Rank: 46
PPVIX Sharpe Ratio Rank: 38
PPVIX Sortino Ratio Rank: 40
PPVIX Omega Ratio Rank: 36
PPVIX Calmar Ratio Rank: 66
PPVIX Martin Ratio Rank: 53

PMTIX

PMTIX Risk / Return Rank: 52
PMTIX Sharpe Ratio Rank: 49
PMTIX Sortino Ratio Rank: 50
PMTIX Omega Ratio Rank: 51
PMTIX Calmar Ratio Rank: 49
PMTIX Martin Ratio Rank: 60

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.

PPVIX vs. PMTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal SmallCap Value Fund II (PPVIX) and Principal LifeTime 2030 Fund (PMTIX). 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.

	PPVIX	PMTIX	Difference
Sharpe ratio Return per unit of total volatility	1.80	2.07	-0.27
Sortino ratio Return per unit of downside risk	2.66	2.99	-0.33
Omega ratio Gain probability vs. loss probability	1.32	1.39	-0.08
Calmar ratio Return relative to maximum drawdown	3.13	2.69	+0.44
Martin ratio Return relative to average drawdown	10.79	11.98	-1.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PPVIX vs. PMTIX - Sharpe Ratio Comparison

The current PPVIX Sharpe Ratio is 1.80, which is comparable to the PMTIX Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of PPVIX and PMTIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PPVIX	PMTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	2.07	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.58	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.79	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.49	-0.11

Drawdowns

PPVIX vs. PMTIX - Drawdown Comparison

The maximum PPVIX drawdown since its inception was -64.79%, which is greater than PMTIX's maximum drawdown of -52.14%. Use the drawdown chart below to compare losses from any high point for PPVIX and PMTIX.

Drawdown Indicators

	PPVIX	PMTIX	Difference
Max Drawdown Largest peak-to-trough decline	-64.79%	-52.14%	-12.65%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-5.85%	-3.36%
Max Drawdown (3Y) Largest decline over 3 years	-22.89%	-9.62%	-13.27%
Max Drawdown (5Y) Largest decline over 5 years	-22.89%	-23.05%	+0.16%
Max Drawdown (10Y) Largest decline over 10 years	-45.87%	-25.87%	-20.00%
Current Drawdown Current decline from peak	-1.94%	0.00%	-1.94%
Average Drawdown Average peak-to-trough decline	-9.69%	-6.79%	-2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	1.31%	+1.36%

Volatility

PPVIX vs. PMTIX - Volatility Comparison

Principal SmallCap Value Fund II (PPVIX) has a higher volatility of 3.70% compared to Principal LifeTime 2030 Fund (PMTIX) at 2.40%. This indicates that PPVIX's price experiences larger fluctuations and is considered to be riskier than PMTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPVIX	PMTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	2.40%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	10.79%	6.14%	+4.65%
Volatility (1Y) Calculated over the trailing 1-year period	16.64%	7.62%	+9.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.12%	10.55%	+10.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.64%	11.22%	+11.42%

PPVIX vs. PMTIX - Expense Ratio Comparison

PPVIX has a 0.96% expense ratio, which is higher than PMTIX's 0.01% expense ratio.

Dividends

PPVIX vs. PMTIX - Dividend Comparison

PPVIX's dividend yield for the trailing twelve months is around 8.04%, less than PMTIX's 9.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PMTIX Principal LifeTime 2030 Fund	9.17%	9.69%	9.60%	4.26%	10.05%	8.87%	6.37%	6.49%	8.21%	5.87%	3.97%	9.44%
PPVIX Principal SmallCap Value Fund II	8.04%	8.88%	20.81%	3.11%	11.81%	15.05%	0.76%	0.88%	26.50%	6.37%	5.98%	11.97%

Frequently Asked Questions

Can I hold both PPVIX and PMTIX in my portfolio?

PPVIX and PMTIX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PPVIX or PMTIX?

PPVIX has higher volatility (3.70%) compared to PMTIX (2.40%). In terms of maximum drawdown, PPVIX dropped -64.79% vs PMTIX's -52.14%.

Which has better risk-adjusted returns?

PMTIX currently has the higher Sharpe Ratio (2.07 vs 1.80), 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.