Putnam Retirement Advantage 2060 Fund (PAAKX) belongs to the Target Retirement Date category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PAAKX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PAAKX
PAAKX charges 0.45% annually. There are 367 mutual funds in the Target Retirement Date category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Principal LifeTime 2060 Fund | 0.01% | — | Feb 2013 | PAAKX vs PLTZX | |
| Principal LifeTime 2035 Fund | 0.01% | — | Feb 2008 | PAAKX vs LTIUX | |
| John Hancock Funds Multi-Index 2060 Lifetime Portf... | 0.01% | — | Mar 2016 | PAAKX vs JIEHX | |
| Principal LifeTime 2045 Fund | 0.01% | — | Feb 2008 | PAAKX vs LTRIX | |
| Principal LifeTime 2025 Fund | 0.01% | — | Feb 2008 | PAAKX vs LTSTX |
Best Risk-Adjusted Alternatives to PAAKX
PAAKX has a PortfoliosLab risk / return rank of 74. There are 129 mutual funds in the Target Retirement Date category with higher risk-adjusted ranks, going as high as 87.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Target Retirement Fund | 87 | — | Sep 2014 | PAAKX vs SSFNX | |
| USAA Target Retirement 2040 Fund | 86 | — | Jul 2008 | PAAKX vs URFRX | |
| USAA Target Retirement Income Fund | 86 | — | Jul 2008 | PAAKX vs URINX | |
| USAA Target Retirement 2050 Fund | 86 | — | Jul 2008 | PAAKX vs URFFX | |
| State Street Target Retirement 2025 Fund | 86 | — | Sep 2014 | PAAKX vs SSBRX |
Top Performing PAAKX Alternatives (YTD)
PAAKX is at 11.56% YTD. There are 219 mutual funds in the Target Retirement Date category with higher YTD returns, going as high as 14.49%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| USAA Target Retirement 2060 Fund | 14.49% | — | Jul 2013 | PAAKX vs URSIX | |
| Fidelity Flex Freedom Blend 2060 Fund | 14.31% | — | Jun 2017 | PAAKX vs FWLSX | |
| Fidelity Flex Freedom Blend 2065 Fund | 14.25% | — | Jun 2019 | PAAKX vs FDFPX | |
| Fidelity Freedom 2065 Fund Class K6 | 14.22% | — | Jun 2019 | PAAKX vs FFSZX | |
| Fidelity Freedom 2060 Fund Class K6 | 14.22% | — | Aug 2014 | PAAKX vs FVTKX |
Lowest Volatility Alternatives to PAAKX
PAAKX has 12.62% 1-year volatility. There are 425 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.50%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.50% | — | Nov 2015 | PAAKX vs TDIFX | |
| Fidelity Freedom Index Retirement Fund Investor Cl... | 4.45% | — | Oct 2009 | PAAKX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | 4.47% | — | Oct 2009 | PAAKX vs FFGZX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 4.51% | — | Nov 2015 | PAAKX vs DRIQX | |
| MFS Lifetime Income Fund | 4.52% | — | Sep 2005 | PAAKX vs MLLIX |
Lowest Drawdown Alternatives to PAAKX
PAAKX has a 1-year max drawdown of -8.34%. There are 364 mutual funds in the Target Retirement Date category with shallower 1-year drawdowns, going as shallow as -2.61%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | -2.61% | — | Nov 2015 | PAAKX vs TDIFX | |
| Fidelity Freedom Index Retirement Fund Investor Cl... | -3.32% | — | Oct 2009 | PAAKX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | -3.33% | — | Oct 2009 | PAAKX vs FFGZX | |
| Dimensional 2015 Target Date Retirement Income Fun... | -3.47% | — | Nov 2015 | PAAKX vs DRIQX | |
| Putnam RetirementReady Maturity Fund | -3.50% | — | Oct 2004 | PAAKX vs PRMYX |
Other Mutual Funds from Putnam
The 10 most viewed Putnam mutual funds shown here include PEYAX, PEIYX, PEQSX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Putnam Large Cap Value Fund | Large Cap Value Equities | 95 | 15.70% | — | Jun 1977 | PAAKX vs PEYAX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 95 | 15.86% | — | Oct 1998 | PAAKX vs PEIYX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 95 | 15.91% | — | Jul 2012 | PAAKX vs PEQSX | |
| Putnam Large Cap Growth Fund Class A | Large Cap Growth Equities | 13 | 2.30% | — | Oct 1995 | PAAKX vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 59 | 29.55% | — | Dec 2008 | PAAKX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 31 | 5.65% | — | Aug 1990 | PAAKX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 66 | 9.94% | — | Sep 2010 | PAAKX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 13 | 2.44% | — | Aug 1999 | PAAKX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 98 | 1.68% | — | Oct 2011 | PAAKX vs PSDYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 29 | 17.35% | — | Dec 1997 | PAAKX vs PNSAX |
Often Compared With PAAKX
Investors most often compare PAAKX with VITNX, FNSHX, FFFAX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare PAAKX with Any Fund or Stock
Compare PAAKX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PAAKX with funds that move differently
Putnam Retirement Advantage 2060 Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PAAKX.
Explore PAAKX Diversifiers