TRRCX vs. PTDIX

Last updated Jun 24, 2026

TRRCX (T. Rowe Price Retirement 2030 Fund) and PTDIX (Principal LifeTime 2040 Fund) are both Target Retirement Date funds. Over the past 10 years, TRRCX returned 9.09%/yr vs 10.85%/yr for PTDIX. With a 0.96 correlation, they move nearly in lockstep. TRRCX charges 0.59%/yr vs 0.01%/yr for PTDIX.

Performance

TRRCX vs. PTDIX - Performance Comparison

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

Returns By Period

In the year-to-date period, TRRCX achieves a 7.50% return, which is significantly higher than PTDIX's 6.96% return. Over the past 10 years, TRRCX has underperformed PTDIX with an annualized return of 9.09%, while PTDIX has yielded a comparatively higher 10.85% annualized return.

TRRCX

• 1D: -0.13%
• 1M: 0.98%
• YTD: 7.50%
• 6M: 7.11%
• 1Y: 11.06%
• 3Y*: 11.59%
• 5Y*: 5.31%
• 10Y*: 9.09%

PTDIX

• 1D: -0.34%
• 1M: 1.19%
• YTD: 6.96%
• 6M: 6.54%
• 1Y: 17.41%
• 3Y*: 16.53%
• 5Y*: 8.04%
• 10Y*: 10.85%

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

TRRCX vs. PTDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRRCX T. Rowe Price Retirement 2030 Fund	7.50%	8.23%	10.73%	16.36%	-16.89%	13.70%	15.90%	22.50%	-6.36%	19.46%
PTDIX Principal LifeTime 2040 Fund	6.96%	15.59%	17.43%	18.33%	-18.13%	15.35%	16.04%	24.91%	-7.95%	20.69%

Correlation

The correlation between TRRCX and PTDIX is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Oct 1, 2002	0.96

The correlation between TRRCX and PTDIX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

TRRCX vs. PTDIX — Risk / Return Rank

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

TRRCX

TRRCX Risk / Return Rank: 21
TRRCX Sharpe Ratio Rank: 20
TRRCX Sortino Ratio Rank: 17
TRRCX Omega Ratio Rank: 25
TRRCX Calmar Ratio Rank: 20
TRRCX Martin Ratio Rank: 22

PTDIX

PTDIX Risk / Return Rank: 46
PTDIX Sharpe Ratio Rank: 43
PTDIX Sortino Ratio Rank: 41
PTDIX Omega Ratio Rank: 43
PTDIX Calmar Ratio Rank: 47
PTDIX Martin Ratio Rank: 58

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.

TRRCX vs. PTDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2030 Fund (TRRCX) and Principal LifeTime 2040 Fund (PTDIX). 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.

	TRRCX	PTDIX	Difference
Sharpe ratio: Return per unit of total volatility	1.20	1.77	-0.57
Sortino ratio: Return per unit of downside risk	1.58	2.50	-0.91
Omega ratio: Gain probability vs. loss probability	1.24	1.33	-0.08
Calmar ratio: Return relative to maximum drawdown	1.51	2.51	-1.00
Martin ratio: Return relative to average drawdown	4.97	10.92	-5.95

TRRCX vs. PTDIX - Sharpe Ratio Comparison

The current TRRCX Sharpe Ratio is 1.20, which is lower than the PTDIX Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of TRRCX and PTDIX, 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

TRRCX vs. PTDIX - Drawdown Comparison

The maximum TRRCX drawdown since its inception was -52.28%, roughly equal to the maximum PTDIX drawdown of -54.38%. Use the drawdown chart below to compare losses from any high point for TRRCX and PTDIX.

Drawdown Indicators

	TRRCX	PTDIX	Difference
Max Drawdown Largest peak-to-trough decline	-52.28%	-54.38%	+2.10%
Max Drawdown (1Y) Largest decline over 1 year	-7.93%	-7.32%	-0.61%
Max Drawdown (3Y) Largest decline over 3 years	-10.46%	-13.05%	+2.59%
Max Drawdown (5Y) Largest decline over 5 years	-24.07%	-25.43%	+1.36%
Max Drawdown (10Y) Largest decline over 10 years	-28.55%	-30.02%	+1.47%
Current Drawdown Current decline from peak	-0.40%	-0.78%	+0.38%
Average Drawdown Average peak-to-trough decline	-6.06%	-7.48%	+1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	1.68%	+0.70%

Volatility

TRRCX vs. PTDIX - Volatility Comparison

The current volatility for T. Rowe Price Retirement 2030 Fund (TRRCX) is 3.32%, while Principal LifeTime 2040 Fund (PTDIX) has a volatility of 3.96%. This indicates that TRRCX experiences smaller price fluctuations and is considered to be less risky than PTDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRRCX	PTDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	3.96%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	8.77%	8.55%	+0.22%
Volatility (1Y) Calculated over the trailing 1-year period	9.99%	10.39%	-0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.41%	13.58%	-2.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.26%	13.86%	-1.60%

TRRCX vs. PTDIX - Expense Ratio Comparison

TRRCX has a 0.59% expense ratio, which is higher than PTDIX's 0.01% expense ratio.

Dividends

TRRCX vs. PTDIX - Dividend Comparison

TRRCX has not paid dividends to shareholders, while PTDIX's dividend yield for the trailing twelve months is around 9.16%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PTDIX Principal LifeTime 2040 Fund	9.16%	9.80%	12.28%	4.40%	8.61%	8.92%	6.01%	7.26%	9.28%	6.07%	4.86%	6.73%
TRRCX T. Rowe Price Retirement 2030 Fund	0.00%	0.00%	3.38%	6.16%	12.05%	9.43%	5.45%	5.44%	8.83%	3.82%	2.66%	3.76%

Frequently Asked Questions

Can I hold both TRRCX and PTDIX in my portfolio?

With a correlation of 0.94, TRRCX and PTDIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TRRCX or PTDIX?

PTDIX has higher volatility (3.96%) compared to TRRCX (3.32%). In terms of maximum drawdown, TRRCX dropped -52.28% vs PTDIX's -54.38%.

Which has better risk-adjusted returns?

PTDIX currently has the higher Sharpe Ratio (1.77 vs 1.20), 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.