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 | |
|---|---|---|---|---|---|
| American Funds 2065 Target Date Retirement Fund | 0.01% | — | Mar 2020 | PRTLX vs FCQTX | |
| Principal LifeTime 2045 Fund | 0.01% | — | Feb 2008 | PRTLX vs LTRIX | |
| Principal LifeTime 2055 Fund | 0.01% | — | Feb 2008 | PRTLX vs LTFIX | |
| John Hancock Funds Multi-Index 2060 Lifetime Portf... | 0.01% | — | Mar 2016 | PRTLX vs JIEHX | |
| Principal LifeTime 2040 Fund | 0.01% | — | Feb 2001 | PRTLX vs PTDIX |
Best Risk-Adjusted Alternatives to PRTLX
PRTLX has a PortfoliosLab risk / return rank of 30. There are 640 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 Advisor Managed Retirement Income Fund Cl... | 85 | — | Aug 2007 | PRTLX vs FRAMX | |
| State Street Target Retirement Fund | 84 | — | Sep 2014 | PRTLX vs SSFNX | |
| Prudential Day One Income Fund | 83 | — | Dec 2016 | PRTLX vs PDAHX | |
| USAA Target Retirement Income Fund | 82 | — | Jul 2008 | PRTLX vs URINX |
Top Performing PRTLX Alternatives (YTD)
PRTLX is at 6.64% YTD. There are 435 mutual funds in the Target Retirement Date category with higher YTD returns, going as high as 1,644,791.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Advisor Managed Retirement Income Fund Cl... | 1,644,791.35% | — | Aug 2007 | PRTLX vs FRAMX | |
| USAA Target Retirement 2060 Fund | 13.16% | — | Jul 2013 | PRTLX vs URSIX | |
| Fidelity Flex Freedom Blend 2060 Fund | 12.96% | — | Jun 2017 | PRTLX vs FWLSX | |
| Fidelity Flex Freedom Blend 2065 Fund | 12.92% | — | Jun 2019 | PRTLX vs FDFPX | |
| Fidelity Freedom 2065 Fund Class K6 | 12.91% | — | Jun 2019 | PRTLX vs FFSZX |
Lowest Volatility Alternatives to PRTLX
PRTLX has 12.00% 1-year volatility. There are 397 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.50%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.50% | — | Nov 2015 | PRTLX vs TDIFX | |
| 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 | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 4.33% | — | Aug 2007 | PRTLX vs FRQAX | |
| Fidelity Freedom Index Income Fund Investor Class | 4.38% | — | Oct 2009 | PRTLX vs FIKFX |
Lowest Drawdown Alternatives to PRTLX
PRTLX has a 1-year max drawdown of -8.87%. There are 436 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 Advisor Managed Retirement 2010 Fund Clas... | -3.43% | — | Aug 2007 | PRTLX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | -3.44% | — | Aug 2007 | PRTLX vs FRIMX |
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 | 85 | 13.04% | — | Jun 1977 | PRTLX vs PEYAX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 86 | 13.22% | — | Jul 2012 | PRTLX vs PEQSX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 86 | 13.19% | — | Jan 1998 | PRTLX vs PEIYX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 10 | 2.93% | — | Oct 1995 | PRTLX vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 52 | 28.27% | — | Dec 2008 | PRTLX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 20 | 4.61% | — | Aug 1990 | PRTLX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 47 | 8.54% | — | Sep 2010 | PRTLX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 10 | 3.05% | — | Aug 1999 | PRTLX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 99 | 1.78% | — | Oct 2011 | PRTLX vs PSDYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 23 | 17.28% | — | Dec 1997 | PRTLX vs PNSAX |
Often Compared With PRTLX
Investors most often compare PRTLX with TRBCX, FIRMX, FNSHX. 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