PTDIX vs. AVFIX

Last updated Jun 6, 2026

PTDIX (Principal LifeTime 2040 Fund) and AVFIX (American Beacon Small Cap Value Fund) are both mutual funds - PTDIX is a Target Retirement Date fund managed by Principal, while AVFIX is a Small Cap Value Equities fund managed by American Beacon. Over the past 10 years, PTDIX returned 10.47%/yr vs 10.26%/yr for AVFIX. Their correlation of 0.87 suggests significant overlap in exposure. PTDIX charges 0.01%/yr vs 0.81%/yr for AVFIX.

Performance

PTDIX vs. AVFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal LifeTime 2040 Fund (PTDIX) and American Beacon Small Cap Value Fund (AVFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTDIX achieves a 7.44% return, which is significantly lower than AVFIX's 22.27% return. Both investments have delivered pretty close results over the past 10 years, with PTDIX having a 10.47% annualized return and AVFIX not far behind at 10.26%.

PTDIX

• 1D: 0.39%
• 1M: 1.24%
• YTD: 7.44%
• 6M: 7.73%
• 1Y: 18.65%
• 3Y*: 17.08%
• 5Y*: 8.08%
• 10Y*: 10.47%

AVFIX

• 1D: 1.02%
• 1M: 2.00%
• YTD: 22.27%
• 6M: 21.66%
• 1Y: 40.47%
• 3Y*: 17.01%
• 5Y*: 8.34%
• 10Y*: 10.26%

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

PTDIX vs. AVFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PTDIX Principal LifeTime 2040 Fund	7.44%	15.59%	17.43%	18.33%	-18.13%	15.35%	16.04%	24.91%	-7.95%	20.69%
AVFIX American Beacon Small Cap Value Fund	22.27%	4.91%	7.48%	16.76%	-8.03%	28.32%	4.05%	23.52%	-15.78%	8.74%

Correlation

The correlation between PTDIX and AVFIX is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Mar 5, 2001	0.87

The correlation between PTDIX and AVFIX shifts across timeframes, from 0.76 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PTDIX vs. AVFIX — Risk / Return Rank

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

PTDIX

PTDIX Risk / Return Rank: 49
PTDIX Sharpe Ratio Rank: 45
PTDIX Sortino Ratio Rank: 45
PTDIX Omega Ratio Rank: 46
PTDIX Calmar Ratio Rank: 48
PTDIX Martin Ratio Rank: 59

AVFIX

AVFIX Risk / Return Rank: 67
AVFIX Sharpe Ratio Rank: 59
AVFIX Sortino Ratio Rank: 59
AVFIX Omega Ratio Rank: 51
AVFIX Calmar Ratio Rank: 90
AVFIX 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.

PTDIX vs. AVFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime 2040 Fund (PTDIX) and American Beacon Small Cap Value Fund (AVFIX). 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.

	PTDIX	AVFIX	Difference
Sharpe ratio: Return per unit of total volatility	1.90	2.19	-0.28
Sortino ratio: Return per unit of downside risk	2.71	3.12	-0.41
Omega ratio: Gain probability vs. loss probability	1.35	1.38	-0.02
Calmar ratio: Return relative to maximum drawdown	2.56	4.42	-1.86
Martin ratio: Return relative to average drawdown	11.38	13.55	-2.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTDIX vs. AVFIX - Sharpe Ratio Comparison

The current PTDIX Sharpe Ratio is 1.90, which is comparable to the AVFIX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of PTDIX and AVFIX, 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

	PTDIX	AVFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	2.19	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.37	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.42	+0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.45	+0.03

Drawdowns

PTDIX vs. AVFIX - Drawdown Comparison

The maximum PTDIX drawdown since its inception was -54.38%, smaller than the maximum AVFIX drawdown of -61.40%. Use the drawdown chart below to compare losses from any high point for PTDIX and AVFIX.

Drawdown Indicators

	PTDIX	AVFIX	Difference
Max Drawdown Largest peak-to-trough decline	-54.38%	-61.40%	+7.02%
Max Drawdown (1Y) Largest decline over 1 year	-7.32%	-9.17%	+1.85%
Max Drawdown (3Y) Largest decline over 3 years	-13.05%	-28.94%	+15.89%
Max Drawdown (5Y) Largest decline over 5 years	-25.43%	-28.94%	+3.51%
Max Drawdown (10Y) Largest decline over 10 years	-30.02%	-49.78%	+19.76%
Current Drawdown Current decline from peak	-0.33%	-0.10%	-0.23%
Average Drawdown Average peak-to-trough decline	-7.49%	-9.20%	+1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	2.99%	-1.35%

Volatility

PTDIX vs. AVFIX - Volatility Comparison

The current volatility for Principal LifeTime 2040 Fund (PTDIX) is 2.92%, while American Beacon Small Cap Value Fund (AVFIX) has a volatility of 5.03%. This indicates that PTDIX experiences smaller price fluctuations and is considered to be less risky than AVFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTDIX	AVFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	5.03%	-2.11%
Volatility (6M) Calculated over the trailing 6-month period	7.87%	12.54%	-4.67%
Volatility (1Y) Calculated over the trailing 1-year period	9.84%	18.53%	-8.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.49%	22.49%	-9.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.83%	24.52%	-10.69%

PTDIX vs. AVFIX - Expense Ratio Comparison

PTDIX has a 0.01% expense ratio, which is lower than AVFIX's 0.81% expense ratio.

Dividends

PTDIX vs. AVFIX - Dividend Comparison

PTDIX's dividend yield for the trailing twelve months is around 9.12%, more than AVFIX's 8.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVFIX American Beacon Small Cap Value Fund	8.75%	10.70%	8.67%	4.91%	17.72%	11.86%	0.88%	1.84%	15.05%	9.66%	3.04%	6.00%
PTDIX Principal LifeTime 2040 Fund	9.12%	9.80%	12.28%	4.40%	8.61%	8.92%	6.01%	7.26%	9.28%	6.07%	4.86%	6.73%

Frequently Asked Questions

Can I hold both PTDIX and AVFIX in my portfolio?

PTDIX and AVFIX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTDIX or AVFIX?

AVFIX has higher volatility (5.03%) compared to PTDIX (2.92%). In terms of maximum drawdown, PTDIX dropped -54.38% vs AVFIX's -61.40%.

Which has better risk-adjusted returns?

AVFIX currently has the higher Sharpe Ratio (2.19 vs 1.90), 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.