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 365 mutual funds in the Target Retirement Date category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| American Funds 2065 Target Date Retirement Fund | 0.01% | — | Mar 2020 | PAAKX vs FCQTX | |
| Principal LifeTime 2040 Fund | 0.01% | — | Feb 2001 | PAAKX vs PTDIX | |
| Principal LifeTime 2050 Fund | 0.01% | — | Feb 2001 | PAAKX vs PPLIX | |
| John Hancock Funds Multi-Index 2060 Lifetime Portf... | 0.01% | — | Mar 2016 | PAAKX vs JIEHX | |
| Principal LifeTime 2055 Fund | 0.01% | — | Feb 2008 | PAAKX vs LTFIX |
Best Risk-Adjusted Alternatives to PAAKX
PAAKX has a PortfoliosLab risk / return rank of 71. There are 123 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 | |
|---|---|---|---|---|---|
| Putnam Retirement Advantage Maturity Fund | 87 | — | Dec 2019 | PAAKX vs PADLX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 86 | — | Aug 2007 | PAAKX vs FRAMX | |
| State Street Target Retirement Fund | 85 | — | Sep 2014 | PAAKX vs SSFNX | |
| Prudential Day One Income Fund | 84 | — | Dec 2016 | PAAKX vs PDAHX | |
| Dimensional Retirement Income Fund | 83 | — | Nov 2015 | PAAKX vs TDIFX |
Top Performing PAAKX Alternatives (YTD)
PAAKX is at 10.94% YTD. There are 194 mutual funds in the Target Retirement Date category with higher YTD returns, going as high as 1,644,791.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Advisor Managed Retirement Income Fund Cl... | 1,644,791.35% | — | Aug 2007 | PAAKX vs FRAMX | |
| Fidelity Flex Freedom Blend 2060 Fund | 13.36% | — | Jun 2017 | PAAKX vs FWLSX | |
| Fidelity Freedom 2060 Fund Class K6 | 13.32% | — | Aug 2014 | PAAKX vs FVTKX | |
| Fidelity Flex Freedom Blend 2065 Fund | 13.32% | — | Jun 2019 | PAAKX vs FDFPX | |
| Fidelity Freedom 2065 Fund Class K6 | 13.30% | — | Jun 2019 | PAAKX vs FFSZX |
Lowest Volatility Alternatives to PAAKX
PAAKX has 12.31% 1-year volatility. There are 417 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.51%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.51% | — | Nov 2015 | PAAKX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 4.32% | — | Aug 2007 | PAAKX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 4.32% | — | Aug 2007 | PAAKX vs FRIMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 4.33% | — | Aug 2007 | PAAKX vs FRQAX | |
| Fidelity Freedom Index Income Fund Investor Class | 4.38% | — | Oct 2009 | PAAKX vs FIKFX |
Lowest Drawdown Alternatives to PAAKX
PAAKX has a 1-year max drawdown of -8.34%. There are 372 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 Income Fund Investor Class | -3.32% | — | Oct 2009 | PAAKX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | -3.33% | — | Oct 2009 | PAAKX vs FFGZX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | -3.43% | — | Aug 2007 | PAAKX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | -3.44% | — | Aug 2007 | PAAKX vs FRIMX |
Other Mutual Funds from Putnam
The 10 most viewed Putnam mutual funds shown here include PEYAX, PEQSX, PEIYX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Putnam Large Cap Value Fund | Large Cap Value Equities | 83 | 11.74% | — | Jun 1977 | PAAKX vs PEYAX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 84 | 11.92% | — | Jul 2012 | PAAKX vs PEQSX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 84 | 11.89% | — | Jan 1998 | PAAKX vs PEIYX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 14 | 4.74% | — | Oct 1995 | PAAKX vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 70 | 31.41% | — | Dec 2008 | PAAKX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 22 | 4.50% | — | Aug 1990 | PAAKX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 49 | 8.07% | — | Sep 2010 | PAAKX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 15 | 4.87% | — | Aug 1999 | PAAKX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 99 | 1.78% | — | Oct 2011 | PAAKX vs PSDYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 29 | 19.53% | — | Dec 1997 | PAAKX vs PNSAX |
Often Compared With PAAKX
Investors most often compare PAAKX with VITNX, FNSHX, LTIUX. 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