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Putnam RetirementReady 2035 Fund (PRRYX) Sharpe Ratio: 1.71

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The investment seeks capital appreciation and current income consistent with a decreasing emphasis on capital appreciation and an increasing emphasis on current income as it approaches its target date. The fund's asset allocation strategy may be attractive to investors who plan to retire or otherwise intend to begin making periodic withdrawals of their investments in or about 2035. It is designed to provide diversification among different asset classes by investing its assets in other Putnam mutual funds, referred to as underlying funds.

PRRYX's Sharpe Ratio of 1.71 indicates that for each unit of volatility, it generates 1.71 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

PRRYX Sharpe Ratio Rank

PRRYX Sharpe Ratio Rank: 35.636
Below Average

PRRYX ranks above 35.6% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

PRRYX Sharpe Ratio Market Positioning

The chart shows PRRYX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.42 or lower
  • Yellow zone (middle 50%): 1.42 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 4.64+
  • Median: 2.09 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Putnam RetirementReady 2035 Fund's Sharpe Ratio with other mutual funds in the Target Retirement Date category across multiple time periods, showing how PRRYX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
PADLXPutnam Retirement Advantage Maturity Fund3.10
SSFNXState Street Target Retirement Fund3.00
SSBRXState Street Target Retirement 2025 Fund2.92
PDAHXPrudential Day One Income Fund2.92
DTDRXDimensional 2065 Target Date Retirement Income Fund2.88
DRILXDimensional 2060 Target Date Retirement Income Fund2.88
DRIKXDimensional 2055 Target Date Retirement Income Fund2.83
TDIFXDimensional Retirement Income Fund2.82
IRSOXVoya Target Retirement 2040 Fund2.77
DRIJXDimensional 2050 Target Date Retirement Income Fund2.76
PRRYXPutnam RetirementReady 2035 Fund1.71

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows PRRYX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when PRRYX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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