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 | |
|---|---|---|---|---|---|
| John Hancock Funds Multi-Index 2055 Lifetime Portf... | 0.01% | — | Mar 2014 | PAAKX vs JLKYX | |
| Principal LifeTime 2055 Fund | 0.01% | — | Feb 2008 | PAAKX vs LTFIX | |
| Principal LifeTime 2035 Fund | 0.01% | — | Feb 2008 | PAAKX vs LTIUX | |
| Principal LifeTime 2030 Fund | 0.01% | — | Feb 2001 | PAAKX vs PMTIX | |
| Principal LifeTime 2045 Fund | 0.01% | — | Feb 2008 | PAAKX vs LTRIX |
Best Risk-Adjusted Alternatives to PAAKX
PAAKX has a PortfoliosLab risk / return rank of 65. There are 159 mutual funds in the Target Retirement Date category with higher risk-adjusted ranks, going as high as 85.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Managed Retirement 2020 Fund | 85 | — | Dec 2007 | PAAKX vs FIRVX | |
| Putnam Retirement Advantage Maturity Fund | 85 | — | Dec 2019 | PAAKX vs PADLX | |
| Fidelity Managed Retirement Income Fund Class K | 84 | — | Aug 2019 | PAAKX vs FRKMX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 84 | — | Aug 2007 | PAAKX vs FRAMX | |
| Fidelity Managed Retirement Income Fund Class K6 | 84 | — | Aug 2019 | PAAKX vs FRHMX |
Top Performing PAAKX Alternatives (YTD)
PAAKX is at 9.17% YTD. There are 222 mutual funds in the Target Retirement Date category with higher YTD returns, going as high as 15,640,638.04%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Managed Retirement Income Fund Class K | 15,640,638.04% | — | Aug 2019 | PAAKX vs FRKMX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 1,644,791.35% | — | Aug 2007 | PAAKX vs FRAMX | |
| Fidelity Managed Retirement Income Fund Class K6 | 1,464,383.96% | — | Aug 2019 | PAAKX vs FRHMX | |
| Fidelity Managed Retirement 2020 Fund | 1,440,933.92% | — | Dec 2007 | PAAKX vs FIRVX | |
| Fidelity Freedom 2065 Fund Class K6 | 12.19% | — | Jun 2019 | PAAKX vs FFSZX |
Lowest Volatility Alternatives to PAAKX
PAAKX has 12.23% 1-year volatility. There are 427 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.59%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.59% | — | Nov 2015 | PAAKX vs TDIFX | |
| MFS Lifetime 2025 Fund | 4.18% | — | Nov 2012 | PAAKX vs LTTIX | |
| Fidelity Freedom Index Income Fund Investor Class | 4.32% | — | Oct 2009 | PAAKX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | 4.34% | — | Oct 2009 | PAAKX vs FFGZX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 4.35% | — | Aug 2007 | PAAKX vs FRIMX |
Lowest Drawdown Alternatives to PAAKX
PAAKX has a 1-year max drawdown of -8.34%. There are 390 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 Managed Retirement 2010 Fund Class K6 | -3.41% | — | Aug 2019 | PAAKX vs FRQHX | |
| Fidelity Managed Retirement 2010 Fund Class K | -3.42% | — | Aug 2019 | PAAKX vs FRQKX |
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 | 79 | 10.36% | — | Jun 1977 | PAAKX vs PEYAX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 80 | 10.52% | — | Jul 2012 | PAAKX vs PEQSX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 80 | 10.48% | — | Jan 1998 | PAAKX vs PEIYX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 14 | 2.88% | — | Oct 1995 | PAAKX vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 70 | 31.62% | — | Dec 2008 | PAAKX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 18 | 1.57% | — | Aug 1990 | PAAKX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 44 | 5.94% | — | Sep 2010 | PAAKX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 15 | 2.99% | — | Aug 1999 | PAAKX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 98 | 1.43% | — | Oct 2011 | PAAKX vs PSDYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 38 | 24.35% | — | 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