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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Putnam RetirementReady 2065 Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Putnam RetirementReady 2065 Fund (PCJSX) has returned -7.50% so far this year and 10.46% over the past 12 months.
Putnam RetirementReady 2065 Fund
- 1D
- -0.26%
- 1M
- -7.72%
- YTD
- -7.50%
- 6M
- -5.33%
- 1Y
- 10.46%
- 3Y*
- 12.62%
- 5Y*
- 7.56%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jan 11, 2021, PCJSX's average daily return is +0.03%, while the average monthly return is +0.71%. At this rate, your investment would double in approximately 8.2 years.
Historically, 67% of months were positive and 33% were negative. The best month was Nov 2023 with a return of +10.1%, while the worst month was Sep 2022 at -7.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PCJSX closed higher 50% of trading days. The best single day was Nov 10, 2022 with a return of +4.6%, while the worst single day was Apr 4, 2025 at -5.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.16% | 0.08% | -7.72% | -7.50% | |||||||||
| 2025 | 4.17% | -2.98% | -5.50% | 1.11% | 5.75% | 3.76% | 1.16% | 1.07% | 2.87% | 1.91% | 0.72% | -0.29% | 14.05% |
| 2024 | 2.02% | 5.49% | 3.33% | -4.21% | 5.34% | 1.88% | 0.80% | 2.15% | 1.95% | -2.60% | 4.63% | -4.55% | 16.75% |
| 2023 | 6.38% | -2.73% | 2.92% | 0.63% | 0.73% | 5.08% | 2.37% | -1.64% | -4.80% | -2.06% | 10.08% | 5.35% | 23.50% |
| 2022 | -4.83% | -2.35% | 2.12% | -7.35% | 0.31% | -7.61% | 6.92% | -2.98% | -7.83% | 6.43% | 5.93% | -4.53% | -16.15% |
| 2021 | -1.87% | 2.40% | 2.54% | 3.91% | 1.38% | 2.08% | 0.80% | 2.46% | -4.38% | 4.40% | -1.55% | 3.38% | 16.29% |
Benchmark Metrics
Putnam RetirementReady 2065 Fund has an annualized alpha of -0.78%, beta of 0.84, and R² of 0.90 versus S&P 500 Index. Calculated based on daily prices since January 12, 2021.
- This fund participated in 94.89% of S&P 500 Index downside but only 85.12% of its upside — more exposed to losses than it benefited from rallies.
- Alpha
- -0.78%
- Beta
- 0.84
- R²
- 0.90
- Upside Capture
- 85.12%
- Downside Capture
- 94.89%
Expense Ratio
PCJSX has an expense ratio of 0.03%, which is considered low.
Return for Risk
Risk / Return Rank
PCJSX ranks 25 for risk / return — below 25% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Putnam RetirementReady 2065 Fund (PCJSX) and compare them to a chosen benchmark (S&P 500 Index).
| PCJSX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 0.90 | -0.21 |
Sortino ratioReturn per unit of downside risk | 0.98 | 1.39 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.69 | 1.40 | -0.71 |
Martin ratioReturn relative to average drawdown | 3.13 | 6.61 | -3.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore PCJSX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Putnam RetirementReady 2065 Fund provided a 11.09% dividend yield over the last twelve months, with an annual payout of $1.30 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $1.30 | $1.30 | $0.48 | $0.15 | $0.44 | $0.65 |
Dividend yield | 11.09% | 10.26% | 3.90% | 1.39% | 4.88% | 5.79% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam RetirementReady 2065 Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.30 | $1.30 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.48 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.44 |
| 2021 | $0.65 | $0.65 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam RetirementReady 2065 Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Putnam RetirementReady 2065 Fund was 22.45%, occurring on Sep 30, 2022. Recovery took 301 trading sessions.
The current Putnam RetirementReady 2065 Fund drawdown is 9.36%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.45% | Nov 9, 2021 | 225 | Sep 30, 2022 | 301 | Dec 12, 2023 | 526 |
| -19.76% | Dec 9, 2024 | 82 | Apr 8, 2025 | 56 | Jun 30, 2025 | 138 |
| -9.36% | Jan 13, 2026 | 53 | Mar 30, 2026 | — | — | — |
| -8.68% | Jul 17, 2024 | 14 | Aug 5, 2024 | 32 | Sep 19, 2024 | 46 |
| -5.86% | Apr 1, 2024 | 15 | Apr 19, 2024 | 17 | May 14, 2024 | 32 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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