SRHQX vs. PLTNX

Last updated Jun 23, 2026

SRHQX (Principal Short-Term Income Fund) and PLTNX (Principal LifeTime Hybrid 2055 Fund) are both mutual funds - SRHQX is a Short-Term Bond fund managed by Principal, while PLTNX is a Target Retirement Date fund managed by Principal. Over the past 10 years, SRHQX returned 2.19%/yr vs 12.26%/yr for PLTNX. At a 0.01 correlation, their price movements are largely independent. SRHQX charges 0.65%/yr vs 0.05%/yr for PLTNX.

Performance

SRHQX vs. PLTNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Short-Term Income Fund (SRHQX) 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, SRHQX achieves a 0.74% return, which is significantly lower than PLTNX's 10.60% return. Over the past 10 years, SRHQX has underperformed PLTNX with an annualized return of 2.19%, while PLTNX has yielded a comparatively higher 12.26% annualized return.

SRHQX

• 1D: 0.08%
• 1M: 0.25%
• YTD: 0.74%
• 6M: 1.06%
• 1Y: 3.63%
• 3Y*: 4.76%
• 5Y*: 2.20%
• 10Y*: 2.19%

PLTNX

• 1D: -0.29%
• 1M: 1.52%
• YTD: 10.60%
• 6M: 9.93%
• 1Y: 25.84%
• 3Y*: 19.33%
• 5Y*: 10.35%
• 10Y*: 12.26%

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

SRHQX vs. PLTNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SRHQX Principal Short-Term Income Fund	0.74%	5.31%	4.91%	5.20%	-4.19%	-1.02%	3.87%	4.38%	0.91%	1.81%
PLTNX Principal LifeTime Hybrid 2055 Fund	10.60%	19.89%	17.25%	20.33%	-18.49%	19.70%	15.78%	26.17%	-9.84%	21.03%

Correlation

The correlation between SRHQX and PLTNX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014	0.01

Over the past year, SRHQX and PLTNX have become more correlated (0.31) than their long-term average of 0.01, meaning their price movements have been converging.

Return for Risk

SRHQX vs. PLTNX — Risk / Return Rank

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

SRHQX

SRHQX Risk / Return Rank: 76
SRHQX Sharpe Ratio Rank: 59
SRHQX Sortino Ratio Rank: 87
SRHQX Omega Ratio Rank: 81
SRHQX Calmar Ratio Rank: 80
SRHQX Martin Ratio Rank: 74

PLTNX

PLTNX Risk / Return Rank: 66
PLTNX Sharpe Ratio Rank: 62
PLTNX Sortino Ratio Rank: 58
PLTNX Omega Ratio Rank: 60
PLTNX Calmar Ratio Rank: 72
PLTNX Martin Ratio Rank: 80

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.

SRHQX vs. PLTNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Short-Term Income Fund (SRHQX) 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.

	SRHQX	PLTNX	Difference
Sharpe ratio: Return per unit of total volatility	2.07	2.13	-0.06
Sortino ratio: Return per unit of downside risk	3.82	2.92	+0.90
Omega ratio: Gain probability vs. loss probability	1.48	1.39	+0.09
Calmar ratio: Return relative to maximum drawdown	3.43	3.12	+0.30
Martin ratio: Return relative to average drawdown	13.10	13.94	-0.84

SRHQX vs. PLTNX - Sharpe Ratio Comparison

The current SRHQX Sharpe Ratio is 2.07, which is comparable to the PLTNX Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of SRHQX 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

SRHQX vs. PLTNX - Drawdown Comparison

The maximum SRHQX drawdown since its inception was -7.95%, smaller than the maximum PLTNX drawdown of -32.71%. Use the drawdown chart below to compare losses from any high point for SRHQX and PLTNX.

Drawdown Indicators

	SRHQX	PLTNX	Difference
Max Drawdown Largest peak-to-trough decline	-7.95%	-32.71%	+24.76%
Max Drawdown (1Y) Largest decline over 1 year	-1.06%	-8.66%	+7.60%
Max Drawdown (3Y) Largest decline over 3 years	-1.06%	-16.66%	+15.60%
Max Drawdown (5Y) Largest decline over 5 years	-6.92%	-25.48%	+18.56%
Max Drawdown (10Y) Largest decline over 10 years	-7.04%	-32.71%	+25.67%
Current Drawdown Current decline from peak	-0.25%	-0.95%	+0.70%
Average Drawdown Average peak-to-trough decline	-1.71%	-4.76%	+3.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.28%	1.94%	-1.66%

Volatility

SRHQX vs. PLTNX - Volatility Comparison

The current volatility for Principal Short-Term Income Fund (SRHQX) is 0.56%, while Principal LifeTime Hybrid 2055 Fund (PLTNX) has a volatility of 5.04%. This indicates that SRHQX 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

	SRHQX	PLTNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.56%	5.04%	-4.48%
Volatility (6M) Calculated over the trailing 6-month period	1.27%	10.47%	-9.20%
Volatility (1Y) Calculated over the trailing 1-year period	1.76%	12.75%	-10.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.11%	15.61%	-13.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.85%	15.89%	-14.04%

SRHQX vs. PLTNX - Expense Ratio Comparison

SRHQX has a 0.65% expense ratio, which is higher than PLTNX's 0.05% expense ratio.

Dividends

SRHQX vs. PLTNX - Dividend Comparison

SRHQX's dividend yield for the trailing twelve months is around 3.75%, less than PLTNX's 4.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PLTNX Principal LifeTime Hybrid 2055 Fund	4.15%	4.59%	4.40%	2.84%	9.11%	4.23%	3.11%	3.47%	4.68%	2.21%	1.99%	1.63%
SRHQX Principal Short-Term Income Fund	3.75%	3.66%	3.51%	2.38%	1.38%	1.33%	2.17%	2.05%	2.07%	1.71%	1.65%	1.45%

Frequently Asked Questions

Can I hold both SRHQX and PLTNX in my portfolio?

SRHQX and PLTNX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SRHQX or PLTNX?

PLTNX has higher volatility (5.04%) compared to SRHQX (0.56%). In terms of maximum drawdown, SRHQX dropped -7.95% vs PLTNX's -32.71%.

Which has better risk-adjusted returns?

PLTNX currently has the higher Sharpe Ratio (2.13 vs 2.07), 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.