Putnam Retirement Advantage 2050 Fund (PAEKX) 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 PAEKX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PAEKX
PAEKX 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 | |
|---|---|---|---|---|---|
| Principal LifeTime 2055 Fund | 0.01% | — | Feb 2008 | PAEKX vs LTFIX | |
| John Hancock Funds Multi-Index 2060 Lifetime Portf... | 0.01% | — | Mar 2016 | PAEKX vs JIEHX | |
| Principal LifeTime 2040 Fund | 0.01% | — | Feb 2001 | PAEKX vs PTDIX | |
| Principal LifeTime 2035 Fund | 0.01% | — | Feb 2008 | PAEKX vs LTIUX | |
| Principal LifeTime 2030 Fund | 0.01% | — | Feb 2001 | PAEKX vs PMTIX |
Best Risk-Adjusted Alternatives to PAEKX
PAEKX has a PortfoliosLab risk / return rank of 68. There are 100 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 | PAEKX vs FIRVX | |
| Putnam Retirement Advantage Maturity Fund | 85 | — | Dec 2019 | PAEKX vs PADLX | |
| Fidelity Managed Retirement Income Fund Class K | 84 | — | Aug 2019 | PAEKX vs FRKMX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 84 | — | Aug 2007 | PAEKX vs FRAMX | |
| Fidelity Managed Retirement Income Fund Class K6 | 84 | — | Aug 2019 | PAEKX vs FRHMX |
Top Performing PAEKX Alternatives (YTD)
PAEKX is at 8.52% YTD. There are 277 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 | PAEKX vs FRKMX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 1,644,791.35% | — | Aug 2007 | PAEKX vs FRAMX | |
| Fidelity Managed Retirement Income Fund Class K6 | 1,464,383.96% | — | Aug 2019 | PAEKX vs FRHMX | |
| Fidelity Managed Retirement 2020 Fund | 1,440,933.92% | — | Dec 2007 | PAEKX vs FIRVX | |
| Fidelity Freedom 2065 Fund Class K6 | 12.19% | — | Jun 2019 | PAEKX vs FFSZX |
Lowest Volatility Alternatives to PAEKX
PAEKX has 11.14% 1-year volatility. There are 377 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 | PAEKX vs TDIFX | |
| MFS Lifetime 2025 Fund | 4.18% | — | Nov 2012 | PAEKX vs LTTIX | |
| Fidelity Freedom Index Income Fund Investor Class | 4.32% | — | Oct 2009 | PAEKX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | 4.34% | — | Oct 2009 | PAEKX vs FFGZX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 4.35% | — | Aug 2007 | PAEKX vs FRIMX |
Lowest Drawdown Alternatives to PAEKX
PAEKX has a 1-year max drawdown of -7.64%. There are 341 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 | PAEKX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | -3.32% | — | Oct 2009 | PAEKX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | -3.33% | — | Oct 2009 | PAEKX vs FFGZX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | -3.41% | — | Aug 2019 | PAEKX vs FRQHX | |
| Fidelity Managed Retirement Income Fund Class K | -3.42% | — | Aug 2019 | PAEKX vs FRKMX |
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 | PAEKX vs PEYAX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 80 | 10.52% | — | Jul 2012 | PAEKX vs PEQSX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 80 | 10.48% | — | Jan 1998 | PAEKX vs PEIYX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 14 | 2.88% | — | Oct 1995 | PAEKX vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 70 | 31.62% | — | Dec 2008 | PAEKX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 18 | 1.57% | — | Aug 1990 | PAEKX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 44 | 5.94% | — | Sep 2010 | PAEKX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 15 | 2.99% | — | Aug 1999 | PAEKX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 98 | 1.43% | — | Oct 2011 | PAEKX vs PSDYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 38 | 24.35% | — | Dec 1997 | PAEKX vs PNSAX |
Often Compared With PAEKX
Investors most often compare PAEKX with TRBCX, PNRAX, URINX. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare PAEKX with Any Fund or Stock
Compare PAEKX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PAEKX with funds that move differently
Putnam Retirement Advantage 2050 Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PAEKX.
Explore PAEKX Diversifiers