PQIAX vs. PHTJX

Last updated Jun 5, 2026

PQIAX (Principal Equity Income Fund) and PHTJX (Principal LifeTime Hybrid 2035 Fund) are both mutual funds - PQIAX is a Large Cap Value Equities fund managed by Principal, while PHTJX is a Target Retirement Date fund managed by Principal. Over the past 10 years, PQIAX returned 12.29%/yr vs 9.57%/yr for PHTJX. Their correlation of 0.90 suggests significant overlap in exposure. PQIAX charges 0.86%/yr vs 0.05%/yr for PHTJX.

Performance

PQIAX vs. PHTJX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Equity Income Fund (PQIAX) and Principal LifeTime Hybrid 2035 Fund (PHTJX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PQIAX achieves a 8.30% return, which is significantly higher than PHTJX's 7.41% return. Over the past 10 years, PQIAX has outperformed PHTJX with an annualized return of 12.29%, while PHTJX has yielded a comparatively lower 9.57% annualized return.

PQIAX

• 1D: -0.43%
• 1M: -0.36%
• YTD: 8.30%
• 6M: 7.99%
• 1Y: 22.22%
• 3Y*: 20.55%
• 5Y*: 10.61%
• 10Y*: 12.29%

PHTJX

• 1D: -0.66%
• 1M: 2.46%
• YTD: 7.41%
• 6M: 7.80%
• 1Y: 19.38%
• 3Y*: 14.84%
• 5Y*: 7.22%
• 10Y*: 9.57%

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

PQIAX vs. PHTJX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PQIAX Principal Equity Income Fund	8.30%	15.29%	26.56%	10.77%	-10.82%	21.88%	6.12%	28.44%	-5.44%	20.53%
PHTJX Principal LifeTime Hybrid 2035 Fund	7.41%	15.57%	12.67%	16.45%	-17.37%	15.57%	15.13%	22.69%	-8.00%	18.13%

Correlation

The correlation between PQIAX and PHTJX is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.83
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 Oct 2, 2014	0.90

The correlation between PQIAX and PHTJX shifts across timeframes, from 0.77 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PQIAX vs. PHTJX — Risk / Return Rank

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

PQIAX

PQIAX Risk / Return Rank: 57
PQIAX Sharpe Ratio Rank: 51
PQIAX Sortino Ratio Rank: 54
PQIAX Omega Ratio Rank: 49
PQIAX Calmar Ratio Rank: 67
PQIAX Martin Ratio Rank: 62

PHTJX

PHTJX Risk / Return Rank: 65
PHTJX Sharpe Ratio Rank: 62
PHTJX Sortino Ratio Rank: 62
PHTJX Omega Ratio Rank: 61
PHTJX Calmar Ratio Rank: 66
PHTJX Martin Ratio Rank: 75

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.

PQIAX vs. PHTJX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Equity Income Fund (PQIAX) and Principal LifeTime Hybrid 2035 Fund (PHTJX). 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.

	PQIAX	PHTJX	Difference
Sharpe ratio: Return per unit of total volatility	2.08	2.28	-0.20
Sortino ratio: Return per unit of downside risk	3.07	3.25	-0.18
Omega ratio: Gain probability vs. loss probability	1.38	1.43	-0.05
Calmar ratio: Return relative to maximum drawdown	3.12	3.06	+0.06
Martin ratio: Return relative to average drawdown	12.21	13.87	-1.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PQIAX vs. PHTJX - Sharpe Ratio Comparison

The current PQIAX Sharpe Ratio is 2.08, which is comparable to the PHTJX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of PQIAX and PHTJX, 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

	PQIAX	PHTJX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	2.28	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.62	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	0.77	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.70	-0.28

Drawdowns

PQIAX vs. PHTJX - Drawdown Comparison

The maximum PQIAX drawdown since its inception was -54.68%, which is greater than PHTJX's maximum drawdown of -27.17%. Use the drawdown chart below to compare losses from any high point for PQIAX and PHTJX.

Drawdown Indicators

	PQIAX	PHTJX	Difference
Max Drawdown Largest peak-to-trough decline	-54.68%	-27.17%	-27.51%
Max Drawdown (1Y) Largest decline over 1 year	-7.07%	-6.47%	-0.60%
Max Drawdown (3Y) Largest decline over 3 years	-15.47%	-11.58%	-3.89%
Max Drawdown (5Y) Largest decline over 5 years	-21.22%	-23.12%	+1.90%
Max Drawdown (10Y) Largest decline over 10 years	-37.67%	-27.17%	-10.50%
Current Drawdown Current decline from peak	-1.21%	-0.66%	-0.55%
Average Drawdown Average peak-to-trough decline	-7.01%	-4.19%	-2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	1.42%	+0.38%

Volatility

PQIAX vs. PHTJX - Volatility Comparison

The current volatility for Principal Equity Income Fund (PQIAX) is 2.55%, while Principal LifeTime Hybrid 2035 Fund (PHTJX) has a volatility of 2.79%. This indicates that PQIAX experiences smaller price fluctuations and is considered to be less risky than PHTJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PQIAX	PHTJX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	2.79%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	7.84%	6.96%	+0.88%
Volatility (1Y) Calculated over the trailing 1-year period	10.61%	8.69%	+1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.27%	11.79%	+3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.41%	12.51%	+3.90%

PQIAX vs. PHTJX - Expense Ratio Comparison

PQIAX has a 0.86% expense ratio, which is higher than PHTJX's 0.05% expense ratio.

Dividends

PQIAX vs. PHTJX - Dividend Comparison

PQIAX's dividend yield for the trailing twelve months is around 9.18%, more than PHTJX's 4.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PHTJX Principal LifeTime Hybrid 2035 Fund	4.36%	4.68%	4.09%	3.37%	8.44%	4.96%	3.98%	3.71%	4.01%	2.31%	1.99%	1.67%
PQIAX Principal Equity Income Fund	9.18%	9.92%	20.62%	2.58%	5.37%	5.05%	1.52%	4.30%	7.41%	6.28%	3.73%	2.11%

Frequently Asked Questions

Can I hold both PQIAX and PHTJX in my portfolio?

PQIAX and PHTJX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PQIAX or PHTJX?

PHTJX has higher volatility (2.79%) compared to PQIAX (2.55%). In terms of maximum drawdown, PQIAX dropped -54.68% vs PHTJX's -27.17%.

Which has better risk-adjusted returns?

PHTJX currently has the higher Sharpe Ratio (2.28 vs 2.08), 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.