Principal Lifetime Correlations

LTFIX Fund

USD 18.62 0.04 0.21%

The current 90-days correlation between Principal Lifetime 2055 and T Rowe Price is 0.96 (i.e., Almost no diversification). The correlation of Principal Lifetime is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Principal Lifetime Correlation With Market

Very poor diversification

The correlation between Principal Lifetime 2055 and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Principal Lifetime 2055 and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Principal Lifetime 2055. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Principal Mutual Fund

0.98	SABPX	Strategic Asset Mana	Pair Corr
0.99	SACAX	Strategic Asset Mana	Pair Corr
0.99	SAGPX	Strategic Asset Mana	Pair Corr
0.85	PFIJX	Strategic Asset Mana	Pair Corr
0.91	PFIEX	International Equity	Pair Corr
0.94	PFIFX	Strategic Asset Mana	Pair Corr
0.82	PFIPX	Strategic Asset Mana	Pair Corr
0.97	SAIPX	Strategic Asset Mana	Pair Corr
0.84	PFLJX	Principal Lifetime 2050	Pair Corr
0.82	SAUPX	Strategic Asset Mana	Pair Corr
0.83	PFUMX	Finisterre Unconstrained	Pair Corr
0.74	PGBAX	Global Diversified Income	Pair Corr
0.74	PGBLX	Global Diversified Income	Pair Corr
0.71	PGDCX	Global Diversified Income	Pair Corr
0.74	PGDIX	Global Diversified Income	Pair Corr
0.78	PGDRX	Diversified Real Asset	Pair Corr
0.86	PGLSX	Global Multi Strategy	Pair Corr
0.71	STCCX	Short Term Income	Pair Corr
0.85	PGRTX	Smallcap Growth	Pair Corr
0.65	PGSLX	Principal Global Sus	Pair Corr
0.85	SCBPX	Strategic Asset Mana	Pair Corr
0.84	SCIPX	Strategic Asset Mana	Pair Corr
0.92	SCGPX	Strategic Asset Mana	Pair Corr
0.87	PHJEX	Principal Lifetime Hybrid	Pair Corr
0.85	PHJFX	Principal Lifetime Hybrid	Pair Corr
0.92	PHJGX	Principal Lifetime Hybrid	Pair Corr
0.92	PHJBX	Principal Lifetime Hybrid	Pair Corr
0.87	PHJDX	Principal Lifetime Hybrid	Pair Corr
0.91	PHJNX	Principal Lifetime Hybrid	Pair Corr
0.9	PHJQX	Principal Lifetime Hybrid	Pair Corr
0.86	PHJJX	Principal Lifetime Hybrid	Pair Corr
0.89	PHJMX	Principal Lifetime Hybrid	Pair Corr
0.87	PHJYX	Principal Lifetime Hybrid	Pair Corr

Related Correlations Analysis

	TRRFX	NFJ	TBLWX	TBLGX	PSILX	LVAEX	PRISX	CSSPX	SWDRX
TRRFX		0.79	1.0	1.0	0.96	0.83	-0.31	0.39	0.91	TRRFX
NFJ	0.79		0.78	0.78	0.72	0.87	0.13	0.3	0.72	NFJ
TBLWX	1.0	0.78		1.0	0.97	0.81	-0.33	0.36	0.91	TBLWX
TBLGX	1.0	0.78	1.0		0.97	0.81	-0.33	0.36	0.91	TBLGX
PSILX	0.96	0.72	0.97	0.97		0.77	-0.36	0.36	0.86	PSILX
LVAEX	0.83	0.87	0.81	0.81	0.77		0.2	0.37	0.73	LVAEX
PRISX	-0.31	0.13	-0.33	-0.33	-0.36	0.2		-0.06	-0.27	PRISX
CSSPX	0.39	0.3	0.36	0.36	0.36	0.37	-0.06		0.46	CSSPX
SWDRX	0.91	0.72	0.91	0.91	0.86	0.73	-0.27	0.46		SWDRX
	TRRFX	NFJ	TBLWX	TBLGX	PSILX	LVAEX	PRISX	CSSPX	SWDRX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TBLWX	+ 1.0	TRRFX
TBLGX	+ 1.0	TRRFX
TBLGX	+ 1.0	TBLWX
PSILX	+ 0.97	TBLWX
PSILX	+ 0.97	TBLGX
PSILX	+ 0.96	TRRFX

High negative correlations

PRISX	- 0.36	PSILX
PRISX	- 0.33	TBLGX
PRISX	- 0.33	TBLWX
PRISX	- 0.31	TRRFX
SWDRX	- 0.27	PRISX
CSSPX	- 0.06	PRISX

Risk-Adjusted Indicators

There is a big difference between Principal Mutual Fund performing well and Principal Lifetime Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Principal Lifetime's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TRRFX	0.21	0.01	(0.11)	0.08	0.20	(0.23)	0.46	(0.31)	1.77
NFJ	0.54	(0.01)	(0.04)	0.05	0.65	(0.55)	1.17	(0.86)	3.95
TBLWX	0.32	0.01	(0.04)	0.08	0.39	(0.35)	0.70	(0.51)	2.82
TBLGX	0.33	0.01	(0.04)	0.08	0.40	(0.36)	0.70	(0.53)	2.81
PSILX	0.53	0.01	(0.01)	0.08	0.65	(0.55)	0.98	(0.92)	4.00
LVAEX	0.51	0.00	(0.01)	0.06	0.59	(0.61)	1.12	(0.95)	4.62
PRISX	0.66	(0.08)	(0.08)	(0.01)	0.98	(0.68)	1.33	(1.59)	5.56
CSSPX	0.51	0.04	(0.04)	(0.22)	0.68	(0.53)	1.16	(1.26)	3.49
SWDRX	0.31	0.00	(0.05)	0.07	0.37	(0.34)	0.67	(0.60)	2.58

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