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 124 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 2060 Lifetime Portf... | 0.01% | — | Mar 2016 | PRRTX vs JIEHX | |
| Principal LifeTime 2020 Fund | 0.01% | — | Feb 2001 | PRRTX vs PLWIX | |
| Principal LifeTime 2035 Fund | 0.01% | — | Feb 2008 | PRRTX vs LTIUX | |
| Principal LifeTime 2040 Fund | 0.01% | — | Feb 2001 | PRRTX vs PTDIX | |
| John Hancock Funds Multi-Index 2045 Lifetime Portf... | 0.01% | — | Nov 2013 | PRRTX vs JRLVX |
Best Risk-Adjusted Alternatives to PRRTX
PRRTX has a PortfoliosLab risk / return rank of 35. There are 630 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 | PRRTX vs SSFNX | |
| USAA Target Retirement Income Fund | 85 | — | Jul 2008 | PRRTX vs URINX | |
| Prudential Day One Income Fund | 85 | — | Dec 2016 | PRRTX vs PDAHX | |
| Putnam Retirement Advantage Maturity Fund | 84 | — | Dec 2019 | PRRTX vs PADLX | |
| USAA Target Retirement 2030 Fund | 84 | — | Jul 2008 | PRRTX vs URTRX |
Top Performing PRRTX Alternatives (YTD)
PRRTX is at 2.41% YTD. There are 647 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 | PRRTX vs URSIX | |
| USAA Target Retirement 2050 Fund | 13.05% | — | Jul 2008 | PRRTX vs URFFX | |
| Fidelity Flex Freedom Blend 2060 Fund | 12.35% | — | Jun 2017 | PRRTX vs FWLSX | |
| Fidelity Flex Freedom Blend 2055 Fund | 12.26% | — | Jun 2017 | PRRTX vs FQLSX | |
| Fidelity Flex Freedom Blend 2065 Fund | 12.26% | — | Jun 2019 | PRRTX vs FDFPX |
Lowest Volatility Alternatives to PRRTX
PRRTX has 5.69% 1-year volatility. There are 65 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 | PRRTX vs TDIFX | |
| Fidelity Freedom Index Retirement Fund Investor Cl... | 4.44% | — | Oct 2009 | PRRTX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | 4.47% | — | Oct 2009 | PRRTX vs FFGZX | |
| MFS Lifetime Income Fund | 4.51% | — | Sep 2005 | PRRTX vs MLLIX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 4.52% | — | Nov 2015 | PRRTX vs DRIQX |
Lowest Drawdown Alternatives to PRRTX
PRRTX has a 1-year max drawdown of -4.07%. There are 46 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 Retirement Fund Investor Cl... | -3.32% | — | Oct 2009 | PRRTX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | -3.33% | — | Oct 2009 | PRRTX vs FFGZX | |
| Dimensional 2015 Target Date Retirement Income Fun... | -3.47% | — | Nov 2015 | PRRTX vs DRIQX | |
| Putnam RetirementReady Maturity Fund | -3.50% | — | Oct 2004 | PRRTX 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 | PRRTX vs PEYAX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 93 | 15.20% | — | Jul 2012 | PRRTX vs PEQSX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 93 | 15.15% | — | Jan 1998 | PRRTX vs PEIYX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 9 | -0.65% | — | Oct 1995 | PRRTX vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 51 | 24.87% | — | Dec 2008 | PRRTX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 22 | 3.34% | — | Aug 1990 | PRRTX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 55 | 7.70% | — | Sep 2010 | PRRTX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 9 | -0.51% | — | Aug 1999 | PRRTX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 99 | 1.68% | — | Oct 2011 | PRRTX vs PSDYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 26 | 16.15% | — | 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