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 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 2055 Fund | 0.01% | — | Feb 2008 | PBAMX vs LTFIX | |
| Principal LifeTime 2025 Fund | 0.01% | — | Feb 2008 | PBAMX vs LTSTX | |
| Principal LifeTime 2050 Fund | 0.01% | — | Feb 2001 | PBAMX vs PPLIX | |
| Principal LifeTime 2020 Fund | 0.01% | — | Feb 2001 | PBAMX vs PLWIX | |
| Principal LifeTime 2030 Fund | 0.01% | — | Feb 2001 | PBAMX vs PMTIX |
Best Risk-Adjusted Alternatives to PBAMX
PBAMX has a PortfoliosLab risk / return rank of 71. There are 116 mutual funds in the Target Retirement Date category with higher risk-adjusted ranks, going as high as 86.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Target Retirement Fund | 86 | — | Sep 2014 | PBAMX vs SSFNX | |
| USAA Target Retirement Income Fund | 85 | — | Jul 2008 | PBAMX vs URINX | |
| Prudential Day One Income Fund | 85 | — | Dec 2016 | PBAMX vs PDAHX | |
| Putnam Retirement Advantage Maturity Fund | 84 | — | Dec 2019 | PBAMX vs PADLX | |
| USAA Target Retirement 2030 Fund | 84 | — | Jul 2008 | PBAMX vs URTRX |
Top Performing PBAMX Alternatives (YTD)
PBAMX is at 7.39% YTD. There are 372 mutual funds in the Target Retirement Date category with higher YTD returns, going as high as 13.54%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| USAA Target Retirement 2060 Fund | 13.54% | — | Jul 2013 | PBAMX vs URSIX | |
| USAA Target Retirement 2050 Fund | 13.05% | — | Jul 2008 | PBAMX vs URFFX | |
| Fidelity Flex Freedom Blend 2060 Fund | 12.35% | — | Jun 2017 | PBAMX vs FWLSX | |
| Fidelity Flex Freedom Blend 2065 Fund | 12.26% | — | Jun 2019 | PBAMX vs FDFPX | |
| Fidelity Flex Freedom Blend 2055 Fund | 12.26% | — | Jun 2017 | PBAMX vs FQLSX |
Lowest Volatility Alternatives to PBAMX
PBAMX has 9.75% 1-year volatility. There are 261 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 | PBAMX vs TDIFX | |
| Fidelity Freedom Index Retirement Fund Investor Cl... | 4.44% | — | Oct 2009 | PBAMX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | 4.47% | — | Oct 2009 | PBAMX vs FFGZX | |
| MFS Lifetime Income Fund | 4.51% | — | Sep 2005 | PBAMX vs MLLIX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 4.52% | — | Nov 2015 | PBAMX vs DRIQX |
Lowest Drawdown Alternatives to PBAMX
PBAMX has a 1-year max drawdown of -6.39%. There are 213 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 Retirement Fund Investor Cl... | -3.32% | — | Oct 2009 | PBAMX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | -3.33% | — | Oct 2009 | PBAMX vs FFGZX | |
| Dimensional 2015 Target Date Retirement Income Fun... | -3.47% | — | Nov 2015 | PBAMX vs DRIQX | |
| Putnam RetirementReady Maturity Fund | -3.50% | — | Oct 2004 | PBAMX vs PRMYX |
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 | 92 | 14.98% | — | Jun 1977 | PBAMX vs PEYAX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 93 | 15.20% | — | Jul 2012 | PBAMX vs PEQSX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 93 | 15.15% | — | Oct 1998 | PBAMX vs PEIYX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 9 | -0.65% | — | Oct 1995 | PBAMX vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 51 | 24.87% | — | Dec 2008 | PBAMX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 22 | 3.34% | — | Aug 1990 | PBAMX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 55 | 7.70% | — | Sep 2010 | PBAMX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 9 | -0.51% | — | Aug 1999 | PBAMX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 99 | 1.68% | — | Oct 2011 | PBAMX vs PSDYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 26 | 16.15% | — | Dec 1997 | PBAMX vs PNSAX |
Often Compared With PBAMX
Investors most often compare PBAMX with SCHD, SWYGX, PDDDX. 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