Putnam Retirement Advantage 2040 Fund (PBAMX) 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 PBAMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PBAMX
PBAMX 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 2045 Fund | 0.01% | — | Feb 2008 | PBAMX vs LTRIX | |
| Principal LifeTime 2055 Fund | 0.01% | — | Feb 2008 | PBAMX vs LTFIX | |
| Principal LifeTime 2040 Fund | 0.01% | — | Feb 2001 | PBAMX vs PTDIX | |
| John Hancock Funds Multi-Index 2060 Lifetime Portf... | 0.01% | — | Mar 2016 | PBAMX vs JIEHX | |
| American Funds 2065 Target Date Retirement Fund | 0.01% | — | Mar 2020 | PBAMX vs FCQTX |
Best Risk-Adjusted Alternatives to PBAMX
PBAMX has a PortfoliosLab risk / return rank of 74. There are 115 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 | PBAMX vs PADLX | |
| Fidelity Managed Retirement 2020 Fund | 84 | — | Dec 2007 | PBAMX vs FIRVX | |
| Fidelity Managed Retirement Income Fund Class K | 84 | — | Aug 2019 | PBAMX vs FRKMX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 84 | — | Aug 2007 | PBAMX vs FRAMX | |
| Fidelity Managed Retirement Income Fund Class K6 | 84 | — | Aug 2019 | PBAMX vs FRHMX |
Top Performing PBAMX Alternatives (YTD)
PBAMX is at 8.19% YTD. There are 389 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 | PBAMX vs FRKMX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 1,644,791.35% | — | Aug 2007 | PBAMX vs FRAMX | |
| Fidelity Managed Retirement Income Fund Class K6 | 1,464,383.96% | — | Aug 2019 | PBAMX vs FRHMX | |
| Fidelity Managed Retirement 2020 Fund | 1,440,933.92% | — | Dec 2007 | PBAMX vs FIRVX | |
| Fidelity Freedom 2060 Fund Class K6 | 14.76% | — | Aug 2014 | PBAMX vs FVTKX |
Lowest Volatility Alternatives to PBAMX
PBAMX has 9.37% 1-year volatility. There are 279 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.58% | — | Nov 2015 | PBAMX vs TDIFX | |
| MFS Lifetime 2025 Fund | 4.18% | — | Nov 2012 | PBAMX vs LTTIX | |
| Fidelity Freedom Index Income Fund Investor Class | 4.31% | — | Oct 2009 | PBAMX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | 4.32% | — | Oct 2009 | PBAMX vs FFGZX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 4.36% | — | Aug 2007 | PBAMX vs FRQAX |
Lowest Drawdown Alternatives to PBAMX
PBAMX has a 1-year max drawdown of -6.39%. There are 242 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 | PBAMX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | -3.32% | — | Oct 2009 | PBAMX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | -3.33% | — | Oct 2009 | PBAMX vs FFGZX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | -3.41% | — | Aug 2019 | PBAMX vs FRQHX | |
| Fidelity Managed Retirement Income Fund Class K | -3.42% | — | Aug 2019 | PBAMX 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 | 84 | 11.15% | — | Jun 1977 | PBAMX vs PEYAX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 85 | 11.31% | — | Jul 2012 | PBAMX vs PEQSX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 84 | 11.27% | — | Jan 1998 | PBAMX vs PEIYX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 19 | 5.10% | — | Oct 1995 | PBAMX vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 84 | 38.23% | — | Dec 2008 | PBAMX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 24 | 3.49% | — | Aug 1990 | PBAMX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 52 | 7.12% | — | Sep 2010 | PBAMX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 20 | 5.22% | — | Aug 1999 | PBAMX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 98 | 1.43% | — | Oct 2011 | PBAMX vs PSDYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 47 | 27.82% | — | Dec 1997 | PBAMX vs PNSAX |
Often Compared With PBAMX
Investors most often compare PBAMX with SCHD, SWYGX, FNSHX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare PBAMX with Any Fund or Stock
Compare PBAMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PBAMX with funds that move differently
Putnam Retirement Advantage 2040 Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PBAMX.
Explore PBAMX Diversifiers