Putnam RetirementReady 2030 Fund (PRRTX) 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 PRRTX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PRRTX
PRRTX charges 0.11% annually. There are 125 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 2040 Fund | 0.01% | — | Feb 2001 | PRRTX vs PTDIX | |
| American Funds 2065 Target Date Retirement Fund | 0.01% | — | Mar 2020 | PRRTX vs FCQTX | |
| Principal LifeTime 2055 Fund | 0.01% | — | Feb 2008 | PRRTX vs LTFIX | |
| Principal LifeTime 2060 Fund | 0.01% | — | Feb 2013 | PRRTX vs PLTZX | |
| Principal LifeTime 2035 Fund | 0.01% | — | Feb 2008 | PRRTX vs LTIUX |
Best Risk-Adjusted Alternatives to PRRTX
PRRTX has a PortfoliosLab risk / return rank of 37. There are 648 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 | |
|---|---|---|---|---|---|
| Fidelity Managed Retirement 2020 Fund | 86 | — | Dec 2007 | PRRTX vs FIRVX | |
| Fidelity Managed Retirement Income Fund Class K | 86 | — | Aug 2019 | PRRTX vs FRKMX | |
| Fidelity Managed Retirement Income Fund Class K6 | 85 | — | Aug 2019 | PRRTX vs FRHMX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 85 | — | Aug 2007 | PRRTX vs FRAMX | |
| Putnam Retirement Advantage Maturity Fund | 85 | — | Dec 2019 | PRRTX vs PADLX |
Top Performing PRRTX Alternatives (YTD)
PRRTX is at 2.83% YTD. There are 670 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 | PRRTX vs FRKMX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 1,644,791.35% | — | Aug 2007 | PRRTX vs FRAMX | |
| Fidelity Managed Retirement Income Fund Class K6 | 1,464,383.96% | — | Aug 2019 | PRRTX vs FRHMX | |
| Fidelity Managed Retirement 2020 Fund | 1,440,933.92% | — | Dec 2007 | PRRTX vs FIRVX | |
| Fidelity Freedom 2055 Fund Class K6 | 13.50% | — | Jun 2011 | PRRTX vs FCTKX |
Lowest Volatility Alternatives to PRRTX
PRRTX has 5.58% 1-year volatility. There are 75 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.49%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.49% | — | Nov 2015 | PRRTX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | 4.31% | — | Oct 2009 | PRRTX vs FIKFX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 4.32% | — | Aug 2007 | PRRTX vs FRIMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 4.32% | — | Aug 2007 | PRRTX vs FRQIX | |
| Fidelity Freedom Index Income Fund Institutional P... | 4.33% | — | Oct 2009 | PRRTX vs FFGZX |
Lowest Drawdown Alternatives to PRRTX
PRRTX has a 1-year max drawdown of -4.07%. There are 59 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 | PRRTX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | -3.32% | — | Oct 2009 | PRRTX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | -3.33% | — | Oct 2009 | PRRTX vs FFGZX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | -3.41% | — | Aug 2019 | PRRTX vs FRQHX | |
| Fidelity Managed Retirement Income Fund Class K | -3.42% | — | Aug 2019 | PRRTX 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 | 83 | 12.05% | — | Jun 1977 | PRRTX vs PEYAX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 84 | 12.20% | — | Jul 2012 | PRRTX vs PEQSX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 84 | 12.17% | — | Jan 1998 | PRRTX vs PEIYX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 14 | 3.46% | — | Oct 1995 | PRRTX vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 68 | 30.16% | — | Dec 2008 | PRRTX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 20 | 3.48% | — | Aug 1990 | PRRTX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 46 | 7.36% | — | Sep 2010 | PRRTX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 14 | 3.58% | — | Aug 1999 | PRRTX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 99 | 1.78% | — | Oct 2011 | PRRTX vs PSDYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 38 | 21.85% | — | Dec 1997 | PRRTX vs PNSAX |
Often Compared With PRRTX
Investors most often compare PRRTX with VTHRX, PAKRX, PDDDX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare PRRTX with Any Fund or Stock
Compare PRRTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PRRTX with funds that move differently
Putnam RetirementReady 2030 Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PRRTX.
Explore PRRTX Diversifiers