PSSMX vs. PLTNX

Last updated Jun 26, 2026

PSSMX (Principal SmallCap S&P 600 Index Fund) and PLTNX (Principal LifeTime Hybrid 2055 Fund) are both mutual funds - PSSMX is a Small Cap Blend Equities fund managed by Principal, while PLTNX is a Target Retirement Date fund managed by Principal. Over the past 10 years, PSSMX returned 11.50%/yr vs 12.07%/yr for PLTNX. Their correlation of 0.85 suggests significant overlap in exposure. PSSMX charges 0.73%/yr vs 0.05%/yr for PLTNX.

Performance

PSSMX vs. PLTNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal SmallCap S&P 600 Index Fund (PSSMX) and Principal LifeTime Hybrid 2055 Fund (PLTNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSSMX achieves a 20.20% return, which is significantly higher than PLTNX's 8.74% return. Both investments have delivered pretty close results over the past 10 years, with PSSMX having a 11.50% annualized return and PLTNX not far ahead at 12.07%.

PSSMX

• 1D: 1.06%
• 1M: 3.69%
• YTD: 20.20%
• 6M: 17.30%
• 1Y: 35.17%
• 3Y*: 18.85%
• 5Y*: 7.44%
• 10Y*: 11.50%

PLTNX

• 1D: 0.20%
• 1M: -1.21%
• YTD: 8.74%
• 6M: 7.85%
• 1Y: 22.51%
• 3Y*: 18.65%
• 5Y*: 9.73%
• 10Y*: 12.07%

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

PSSMX vs. PLTNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSSMX Principal SmallCap S&P 600 Index Fund	20.20%	5.34%	16.60%	15.18%	-16.69%	25.39%	10.65%	21.99%	-9.42%	12.46%
PLTNX Principal LifeTime Hybrid 2055 Fund	8.74%	19.89%	17.25%	20.33%	-18.49%	19.70%	15.78%	26.17%	-9.84%	21.03%

Correlation

The correlation between PSSMX and PLTNX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014	0.85

The correlation between PSSMX and PLTNX has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.

Return for Risk

PSSMX vs. PLTNX — Risk / Return Rank

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

PSSMX

PSSMX Risk / Return Rank: 72
PSSMX Sharpe Ratio Rank: 64
PSSMX Sortino Ratio Rank: 68
PSSMX Omega Ratio Rank: 54
PSSMX Calmar Ratio Rank: 89
PSSMX Martin Ratio Rank: 83

PLTNX

PLTNX Risk / Return Rank: 57
PLTNX Sharpe Ratio Rank: 51
PLTNX Sortino Ratio Rank: 48
PLTNX Omega Ratio Rank: 51
PLTNX Calmar Ratio Rank: 61
PLTNX Martin Ratio Rank: 72

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.

PSSMX vs. PLTNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal SmallCap S&P 600 Index Fund (PSSMX) and Principal LifeTime Hybrid 2055 Fund (PLTNX). 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.

	PSSMX	PLTNX	Difference
Sharpe ratio: Return per unit of total volatility	1.93	1.74	+0.18
Sortino ratio: Return per unit of downside risk	2.81	2.42	+0.40
Omega ratio: Gain probability vs. loss probability	1.33	1.32	+0.01
Calmar ratio: Return relative to maximum drawdown	3.88	2.58	+1.30
Martin ratio: Return relative to average drawdown	13.07	11.42	+1.65

PSSMX vs. PLTNX - Sharpe Ratio Comparison

The current PSSMX Sharpe Ratio is 1.93, which is comparable to the PLTNX Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of PSSMX and PLTNX, 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

PSSMX vs. PLTNX - Drawdown Comparison

The maximum PSSMX drawdown since its inception was -58.43%, which is greater than PLTNX's maximum drawdown of -32.71%. Use the drawdown chart below to compare losses from any high point for PSSMX and PLTNX.

Drawdown Indicators

	PSSMX	PLTNX	Difference
Max Drawdown Largest peak-to-trough decline	-58.43%	-32.71%	-25.72%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-8.66%	-0.10%
Max Drawdown (3Y) Largest decline over 3 years	-24.30%	-16.66%	-7.64%
Max Drawdown (5Y) Largest decline over 5 years	-27.01%	-25.48%	-1.53%
Max Drawdown (10Y) Largest decline over 10 years	-44.85%	-32.71%	-12.14%
Current Drawdown Current decline from peak	0.00%	-2.62%	+2.62%
Average Drawdown Average peak-to-trough decline	-9.50%	-4.76%	-4.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	1.95%	+0.65%

Volatility

PSSMX vs. PLTNX - Volatility Comparison

The current volatility for Principal SmallCap S&P 600 Index Fund (PSSMX) is 4.95%, while Principal LifeTime Hybrid 2055 Fund (PLTNX) has a volatility of 5.41%. This indicates that PSSMX experiences smaller price fluctuations and is considered to be less risky than PLTNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSSMX	PLTNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.95%	5.41%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	12.14%	10.61%	+1.53%
Volatility (1Y) Calculated over the trailing 1-year period	17.68%	12.85%	+4.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.76%	15.63%	+6.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.91%	15.83%	+7.08%

PSSMX vs. PLTNX - Expense Ratio Comparison

PSSMX has a 0.73% expense ratio, which is higher than PLTNX's 0.05% expense ratio.

Dividends

PSSMX vs. PLTNX - Dividend Comparison

PSSMX's dividend yield for the trailing twelve months is around 8.30%, more than PLTNX's 4.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PLTNX Principal LifeTime Hybrid 2055 Fund	4.22%	4.59%	4.40%	2.84%	9.11%	4.23%	3.11%	3.47%	4.68%	2.21%	1.99%	1.63%
PSSMX Principal SmallCap S&P 600 Index Fund	8.30%	9.98%	15.91%	3.75%	10.45%	8.23%	1.67%	6.56%	13.08%	6.03%	6.15%	8.07%

Frequently Asked Questions

Can I hold both PSSMX and PLTNX in my portfolio?

PSSMX and PLTNX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSSMX or PLTNX?

PLTNX has higher volatility (5.41%) compared to PSSMX (4.95%). In terms of maximum drawdown, PSSMX dropped -58.43% vs PLTNX's -32.71%.

Which has better risk-adjusted returns?

PSSMX currently has the higher Sharpe Ratio (1.93 vs 1.74), 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.