Putnam Retirement Advantage 2030 Fund (PDIZX) 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 PDIZX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PDIZX
PDIZX 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 | PDIZX vs JLKYX | |
| Principal LifeTime 2030 Fund | 0.01% | — | Feb 2001 | PDIZX vs PMTIX | |
| Principal LifeTime 2035 Fund | 0.01% | — | Feb 2008 | PDIZX vs LTIUX | |
| Principal LifeTime 2045 Fund | 0.01% | — | Feb 2008 | PDIZX vs LTRIX | |
| John Hancock Funds Multi-Index 2060 Lifetime Portf... | 0.01% | — | Mar 2016 | PDIZX vs JIEHX |
Best Risk-Adjusted Alternatives to PDIZX
PDIZX has a PortfoliosLab risk / return rank of 80. There are 19 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 | PDIZX vs PADLX | |
| Fidelity Managed Retirement 2020 Fund | 84 | — | Dec 2007 | PDIZX vs FIRVX | |
| Fidelity Managed Retirement Income Fund Class K | 84 | — | Aug 2019 | PDIZX vs FRKMX | |
| Fidelity Managed Retirement Income Fund Class K6 | 84 | — | Aug 2019 | PDIZX vs FRHMX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 84 | — | Aug 2007 | PDIZX vs FRAMX |
Top Performing PDIZX Alternatives (YTD)
PDIZX is at 4.70% YTD. There are 613 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 | PDIZX vs FRKMX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 1,644,791.35% | — | Aug 2007 | PDIZX vs FRAMX | |
| Fidelity Managed Retirement Income Fund Class K6 | 1,464,383.96% | — | Aug 2019 | PDIZX vs FRHMX | |
| Fidelity Managed Retirement 2020 Fund | 1,440,933.92% | — | Dec 2007 | PDIZX vs FIRVX | |
| Fidelity Freedom 2065 Fund Class K6 | 15.07% | — | Jun 2019 | PDIZX vs FFSZX |
Lowest Volatility Alternatives to PDIZX
PDIZX has 5.68% 1-year volatility. There are 87 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.56% | — | Nov 2015 | PDIZX vs TDIFX | |
| MFS Lifetime 2025 Fund | 4.18% | — | Nov 2012 | PDIZX vs LTTIX | |
| Fidelity Freedom Index Income Fund Investor Class | 4.29% | — | Oct 2009 | PDIZX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | 4.31% | — | Oct 2009 | PDIZX vs FFGZX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 4.35% | — | Aug 2007 | PDIZX vs FRIMX |
Lowest Drawdown Alternatives to PDIZX
PDIZX has a 1-year max drawdown of -3.96%. There are 48 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 | PDIZX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | -3.32% | — | Oct 2009 | PDIZX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | -3.33% | — | Oct 2009 | PDIZX vs FFGZX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | -3.41% | — | Aug 2019 | PDIZX vs FRQHX | |
| Fidelity Managed Retirement 2010 Fund Class K | -3.42% | — | Aug 2019 | PDIZX 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 | 83 | 10.90% | — | Jun 1977 | PDIZX vs PEYAX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 84 | 11.05% | — | Jul 2012 | PDIZX vs PEQSX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 84 | 11.02% | — | Jan 1998 | PDIZX vs PEIYX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 20 | 6.16% | — | Oct 1995 | PDIZX vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 82 | 38.38% | — | Dec 2008 | PDIZX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 24 | 3.72% | — | Aug 1990 | PDIZX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 53 | 7.62% | — | Sep 2010 | PDIZX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 21 | 6.29% | — | Aug 1999 | PDIZX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 98 | 1.43% | — | Oct 2011 | PDIZX vs PSDYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 42 | 25.36% | — | Dec 1997 | PDIZX vs PNSAX |
Often Compared With PDIZX
Investors most often compare PDIZX with SSBRX, LIWKX, FFOPX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare PDIZX with Any Fund or Stock
Compare PDIZX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PDIZX with funds that move differently
Putnam Retirement Advantage 2030 Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PDIZX.
Explore PDIZX Diversifiers