PTEAX vs. PHTYX
Compare and contrast key facts about Principal Tax-Exempt Bond Fund (PTEAX) and Principal LifeTime Hybrid 2045 Fund (PHTYX).
PTEAX is managed by Principal. It was launched on Jan 2, 1977. PHTYX is managed by Principal. It was launched on Sep 29, 2014.
Performance
PTEAX vs. PHTYX - Performance Comparison
Loading graphics...
PTEAX vs. PHTYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTEAX Principal Tax-Exempt Bond Fund | -1.06% | 4.68% | 2.10% | 6.35% | -12.18% | 2.71% | 4.80% | 9.05% | 0.44% | 6.44% |
PHTYX Principal LifeTime Hybrid 2045 Fund | -4.03% | 18.54% | 16.13% | 19.35% | -18.26% | 18.37% | 15.78% | 24.79% | -9.07% | 19.81% |
Returns By Period
In the year-to-date period, PTEAX achieves a -1.06% return, which is significantly higher than PHTYX's -4.03% return. Over the past 10 years, PTEAX has underperformed PHTYX with an annualized return of 1.93%, while PHTYX has yielded a comparatively higher 9.95% annualized return.
PTEAX
- 1D
- 0.15%
- 1M
- -2.95%
- YTD
- -1.06%
- 6M
- 0.39%
- 1Y
- 3.32%
- 3Y*
- 3.01%
- 5Y*
- 0.29%
- 10Y*
- 1.93%
PHTYX
- 1D
- -0.24%
- 1M
- -7.54%
- YTD
- -4.03%
- 6M
- -1.36%
- 1Y
- 15.19%
- 3Y*
- 14.03%
- 5Y*
- 7.67%
- 10Y*
- 9.95%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PTEAX vs. PHTYX - Expense Ratio Comparison
PTEAX has a 0.73% expense ratio, which is higher than PHTYX's 0.05% expense ratio.
Return for Risk
PTEAX vs. PHTYX — Risk / Return Rank
PTEAX
PHTYX
PTEAX vs. PHTYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Tax-Exempt Bond Fund (PTEAX) and Principal LifeTime Hybrid 2045 Fund (PHTYX). 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.
| PTEAX | PHTYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 1.04 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.14 | 1.56 | -0.42 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.24 | -0.32 |
Martin ratioReturn relative to average drawdown | 2.97 | 6.22 | -3.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PTEAX | PHTYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.04 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.53 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.68 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.62 | -0.31 |
Correlation
The correlation between PTEAX and PHTYX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PTEAX vs. PHTYX - Dividend Comparison
PTEAX's dividend yield for the trailing twelve months is around 3.89%, less than PHTYX's 5.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTEAX Principal Tax-Exempt Bond Fund | 3.89% | 4.66% | 3.73% | 2.81% | 2.27% | 2.15% | 2.23% | 3.09% | 3.68% | 3.69% | 3.91% | 3.75% |
PHTYX Principal LifeTime Hybrid 2045 Fund | 5.14% | 4.94% | 4.41% | 3.05% | 9.68% | 4.72% | 3.45% | 3.63% | 4.66% | 2.24% | 2.00% | 1.66% |
Drawdowns
PTEAX vs. PHTYX - Drawdown Comparison
The maximum PTEAX drawdown since its inception was -38.72%, which is greater than PHTYX's maximum drawdown of -30.61%. Use the drawdown chart below to compare losses from any high point for PTEAX and PHTYX.
Loading graphics...
Drawdown Indicators
| PTEAX | PHTYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.72% | -30.61% | -8.11% |
Max Drawdown (1Y)Largest decline over 1 year | -4.78% | -11.00% | +6.22% |
Max Drawdown (5Y)Largest decline over 5 years | -17.37% | -24.94% | +7.57% |
Max Drawdown (10Y)Largest decline over 10 years | -17.37% | -30.61% | +13.24% |
Current DrawdownCurrent decline from peak | -2.95% | -7.95% | +5.00% |
Average DrawdownAverage peak-to-trough decline | -5.95% | -4.63% | -1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 2.19% | -0.70% |
Volatility
PTEAX vs. PHTYX - Volatility Comparison
The current volatility for Principal Tax-Exempt Bond Fund (PTEAX) is 1.01%, while Principal LifeTime Hybrid 2045 Fund (PHTYX) has a volatility of 4.60%. This indicates that PTEAX experiences smaller price fluctuations and is considered to be less risky than PHTYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PTEAX | PHTYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 4.60% | -3.59% |
Volatility (6M)Calculated over the trailing 6-month period | 1.80% | 8.23% | -6.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.92% | 14.73% | -9.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.96% | 14.48% | -10.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.39% | 14.75% | -10.36% |