Putnam RetirementReady 2055 Fund (PRTLX) 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 PRTLX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PRTLX
PRTLX charges 0.03% annually. There are 17 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 2045 Fund | 0.01% | — | Feb 2008 | PRTLX vs LTRIX | |
| Principal LifeTime 2030 Fund | 0.01% | — | Feb 2001 | PRTLX vs PMTIX | |
| Principal LifeTime 2035 Fund | 0.01% | — | Feb 2008 | PRTLX vs LTIUX | |
| Principal LifeTime 2060 Fund | 0.01% | — | Feb 2013 | PRTLX vs PLTZX | |
| Principal LifeTime 2055 Fund | 0.01% | — | Feb 2008 | PRTLX vs LTFIX |
Best Risk-Adjusted Alternatives to PRTLX
PRTLX has a PortfoliosLab risk / return rank of 29. There are 662 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 | |
|---|---|---|---|---|---|
| Putnam Retirement Advantage Maturity Fund | 86 | — | Dec 2019 | PRTLX vs PADLX | |
| Fidelity Managed Retirement 2020 Fund | 85 | — | Dec 2007 | PRTLX vs FIRVX | |
| Fidelity Managed Retirement Income Fund Class K | 85 | — | Aug 2019 | PRTLX vs FRKMX | |
| Fidelity Managed Retirement Income Fund Class K6 | 85 | — | Aug 2019 | PRTLX vs FRHMX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 85 | — | Aug 2007 | PRTLX vs FRAMX |
Top Performing PRTLX Alternatives (YTD)
PRTLX is at 5.32% YTD. There are 500 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 | PRTLX vs FRKMX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 1,644,791.35% | — | Aug 2007 | PRTLX vs FRAMX | |
| Fidelity Managed Retirement Income Fund Class K6 | 1,464,383.96% | — | Aug 2019 | PRTLX vs FRHMX | |
| Fidelity Managed Retirement 2020 Fund | 1,440,933.92% | — | Dec 2007 | PRTLX vs FIRVX | |
| Fidelity Freedom 2060 Fund Class K6 | 13.08% | — | Aug 2014 | PRTLX vs FVTKX |
Lowest Volatility Alternatives to PRTLX
PRTLX has 11.92% 1-year volatility. There are 415 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.58% | — | Nov 2015 | PRTLX vs TDIFX | |
| MFS Lifetime 2025 Fund | 4.18% | — | Nov 2012 | PRTLX vs LTTIX | |
| Fidelity Freedom Index Income Fund Investor Class | 4.31% | — | Oct 2009 | PRTLX vs FIKFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 4.32% | — | Aug 2007 | PRTLX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 4.32% | — | Aug 2007 | PRTLX vs FRIMX |
Lowest Drawdown Alternatives to PRTLX
PRTLX has a 1-year max drawdown of -8.87%. There are 457 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 | PRTLX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | -3.32% | — | Oct 2009 | PRTLX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | -3.33% | — | Oct 2009 | PRTLX vs FFGZX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | -3.41% | — | Aug 2019 | PRTLX vs FRQHX | |
| Fidelity Managed Retirement Income Fund Class K | -3.42% | — | Aug 2019 | PRTLX 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 | 86 | 10.98% | — | Jun 1977 | PRTLX vs PEYAX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 87 | 11.16% | — | Jul 2012 | PRTLX vs PEQSX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 87 | 11.12% | — | Jan 1998 | PRTLX vs PEIYX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 14 | 2.13% | — | Oct 1995 | PRTLX vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 74 | 32.00% | — | Dec 2008 | PRTLX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 20 | 2.23% | — | Aug 1990 | PRTLX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 47 | 5.56% | — | Sep 2010 | PRTLX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 14 | 2.24% | — | Aug 1999 | PRTLX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 99 | 1.43% | — | Oct 2011 | PRTLX vs PSDYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 52 | 26.88% | — | Dec 1997 | PRTLX vs PNSAX |
Often Compared With PRTLX
Investors most often compare PRTLX with TRBCX, FYTKX, FIRMX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare PRTLX with Any Fund or Stock
Compare PRTLX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PRTLX with funds that move differently
Putnam RetirementReady 2055 Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PRTLX.
Explore PRTLX Diversifiers