PTEAX vs. PLGIX
PTEAX (Principal Tax-Exempt Bond Fund) and PLGIX (Principal LargeCap Growth Fund I) are both mutual funds - PTEAX is a Municipal Bonds fund managed by Principal, while PLGIX is a Large Cap Growth Equities fund managed by Principal. Over the past 10 years, PTEAX returned 1.71%/yr vs 18.96%/yr for PLGIX. Their -0.08 correlation means they have often moved in opposite directions in the past. PTEAX charges 0.73%/yr vs 0.67%/yr for PLGIX.
Performance
PTEAX vs. PLGIX - Performance Comparison
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Returns By Period
In the year-to-date period, PTEAX achieves a 0.02% return, which is significantly higher than PLGIX's -1.62% return. Over the past 10 years, PTEAX has underperformed PLGIX with an annualized return of 1.71%, while PLGIX has yielded a comparatively higher 18.96% annualized return.
PTEAX
- 1D
- -0.30%
- 1M
- -1.94%
- 6M
- -0.89%
- YTD
- 0.02%
- 1Y
- 4.69%
- 3Y*
- 3.09%
- 5Y*
- -0.20%
- 10Y*
- 1.71%
- ALL TIME*
- 1.90%
PLGIX
- 1D
- 3.14%
- 1M
- -2.17%
- 6M
- 1.55%
- YTD
- -1.62%
- 1Y
- 2.16%
- 3Y*
- 29.13%
- 5Y*
- 13.82%
- 10Y*
- 18.96%
- ALL TIME*
- 9.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PTEAX vs. PLGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTEAX Principal Tax-Exempt Bond Fund | 0.02% | 4.68% | 2.10% | 6.35% | -12.18% | 2.71% | 4.80% | 9.05% | 0.44% | 6.44% |
PLGIX Principal LargeCap Growth Fund I | -1.62% | 11.59% | 83.01% | 40.40% | -34.05% | 21.49% | 36.06% | 34.89% | 3.44% | 33.67% |
Correlation
The correlation between PTEAX and PLGIX is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2000 | -0.08 |
The correlation between PTEAX and PLGIX shifts across timeframes, from -0.08 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PTEAX vs. PLGIX — Risk / Return Rank
PTEAX
PLGIX
PTEAX vs. PLGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Tax-Exempt Bond Fund (PTEAX) and Principal LargeCap Growth Fund I (PLGIX). 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.
| PTEAX | PLGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.96 | ||
| Sortino ratioReturn per unit of downside risk | +2.97 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.01 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | -0.00 | +1.85 |
| Martin ratioReturn relative to average drawdown | 6.06 | -0.01 | +6.06 |
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Drawdowns
PTEAX vs. PLGIX - Drawdown Comparison
The maximum PTEAX drawdown since its inception was -38.72%, smaller than the maximum PLGIX drawdown of -55.43%. Use the drawdown chart below to compare losses from any high point for PTEAX and PLGIX.
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Drawdown Indicators
| PTEAX | PLGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.72% | -55.43% | +16.71% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -18.32% | +15.22% |
Max Drawdown (3Y)Largest decline over 3 years | -5.08% | -21.39% | +16.31% |
Max Drawdown (5Y)Largest decline over 5 years | -17.37% | -40.63% | +23.26% |
Max Drawdown (10Y)Largest decline over 10 years | -17.37% | -40.63% | +23.26% |
Current DrawdownCurrent decline from peak | -1.94% | -7.56% | +5.62% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -13.21% | +7.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 6.32% | -5.38% |
Volatility
PTEAX vs. PLGIX - Volatility Comparison
The current volatility for Principal Tax-Exempt Bond Fund (PTEAX) is 0.92%, while Principal LargeCap Growth Fund I (PLGIX) has a volatility of 5.94%. This indicates that PTEAX experiences smaller price fluctuations and is considered to be less risky than PLGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTEAX | PLGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 5.94% | -5.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.26% | 14.18% | -11.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.93% | 17.18% | -14.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.02% | 30.32% | -26.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.40% | 25.51% | -21.11% |
PTEAX vs. PLGIX - Expense Ratio Comparison
PTEAX has a 0.73% expense ratio, which is higher than PLGIX's 0.67% expense ratio.
Dividends
PTEAX vs. PLGIX - Dividend Comparison
PTEAX's dividend yield for the trailing twelve months is around 3.56%, less than PLGIX's 14.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLGIX Principal LargeCap Growth Fund I | 14.69% | 14.45% | 63.77% | 5.99% | 11.57% | 11.34% | 7.03% | 8.01% | 16.41% | 7.05% | 4.64% | 12.51% |
PTEAX Principal Tax-Exempt Bond Fund | 3.56% | 4.66% | 3.73% | 2.81% | 2.27% | 2.15% | 2.23% | 3.09% | 3.68% | 3.69% | 3.91% | 3.75% |
Frequently Asked Questions
PTEAX and PLGIX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLGIX has higher volatility (5.94%) compared to PTEAX (0.92%). In terms of maximum drawdown, PTEAX dropped -38.72% vs PLGIX's -55.43%.
PTEAX currently has the higher Sharpe Ratio (1.95 vs -0.00), 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.
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