PTDIX vs. FMRFX

Last updated Jul 17, 2026

PTDIX (Principal LifeTime 2040 Fund) and FMRFX (Fidelity Managed Retirement 2030 Fund Class K6) are both Target Retirement Date funds. Their correlation of 0.92 suggests significant overlap in exposure. PTDIX charges 0.01%/yr vs 0.28%/yr for FMRFX.

Performance

PTDIX vs. FMRFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal LifeTime 2040 Fund (PTDIX) and Fidelity Managed Retirement 2030 Fund Class K6 (FMRFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PTDIX

• 1D: 0.34%
• 1M: 0.06%
• 6M: 4.93%
• YTD: 7.26%
• 1Y: 15.19%
• 3Y*: 15.26%
• 5Y*: 8.05%
• 10Y*: 10.34%

FMRFX

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

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

PTDIX vs. FMRFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PTDIX Principal LifeTime 2040 Fund	7.26%	15.59%	17.43%	18.33%	-18.13%	15.35%	16.04%	9.66%
FMRFX Fidelity Managed Retirement 2030 Fund Class K6	5.15%	14.48%	7.33%	12.86%	-16.18%	9.11%	14.08%	7.39%

Correlation

The correlation between PTDIX and FMRFX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Aug 28, 2019	0.92

The correlation between PTDIX and FMRFX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

Return for Risk

PTDIX vs. FMRFX — Risk / Return Rank

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

PTDIX

PTDIX Risk / Return Rank: 43
PTDIX Sharpe Ratio Rank: 40
PTDIX Sortino Ratio Rank: 38
PTDIX Omega Ratio Rank: 39
PTDIX Calmar Ratio Rank: 42
PTDIX Martin Ratio Rank: 54

FMRFX

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.

PTDIX vs. FMRFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime 2040 Fund (PTDIX) and Fidelity Managed Retirement 2030 Fund Class K6 (FMRFX). 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.

	PTDIX	FMRFX	Difference
Sharpe ratio: Return per unit of total volatility	1.42	—	—
Sortino ratio: Return per unit of downside risk	2.01	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.03	—	—
Martin ratio: Return relative to average drawdown	8.72	—	—

Drawdowns

Drawdown Indicators

	PTDIX	FMRFX	Difference
Max Drawdown Largest peak-to-trough decline	-54.38%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.32%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.05%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.43%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.02%	—	—
Current Drawdown Current decline from peak	-0.50%	—	—
Average Drawdown Average peak-to-trough decline	-7.46%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.70%	—	—

Volatility

Volatility by Period

	PTDIX	FMRFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.47%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.59%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.76%	—	—

PTDIX vs. FMRFX - Expense Ratio Comparison

PTDIX has a 0.01% expense ratio, which is lower than FMRFX's 0.28% expense ratio.

Dividends

PTDIX vs. FMRFX - Dividend Comparison

PTDIX's dividend yield for the trailing twelve months is around 9.14%, more than FMRFX's 2.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMRFX Fidelity Managed Retirement 2030 Fund Class K6	2.76%	2.69%	2.72%	2.60%	4.20%	4.94%	3.14%	1.60%	0.00%	0.00%	0.00%	0.00%
PTDIX Principal LifeTime 2040 Fund	9.14%	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 FMRFX in my portfolio?

PTDIX and FMRFX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.