Putnam RetirementReady 2045 Fund (PRVYX) 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 PRVYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PRVYX
PRVYX 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 | PRVYX vs FCQTX | |
| Principal LifeTime 2045 Fund | 0.01% | — | Feb 2008 | PRVYX vs LTRIX | |
| Principal LifeTime 2055 Fund | 0.01% | — | Feb 2008 | PRVYX vs LTFIX | |
| John Hancock Funds Multi-Index 2060 Lifetime Portf... | 0.01% | — | Mar 2016 | PRVYX vs JIEHX | |
| Principal LifeTime 2040 Fund | 0.01% | — | Feb 2001 | PRVYX vs PTDIX |
Best Risk-Adjusted Alternatives to PRVYX
PRVYX has a PortfoliosLab risk / return rank of 31. There are 634 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 | PRVYX vs PADLX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 85 | — | Aug 2007 | PRVYX vs FRAMX | |
| State Street Target Retirement Fund | 84 | — | Sep 2014 | PRVYX vs SSFNX | |
| Prudential Day One Income Fund | 83 | — | Dec 2016 | PRVYX vs PDAHX | |
| USAA Target Retirement Income Fund | 82 | — | Jul 2008 | PRVYX vs URINX |
Top Performing PRVYX Alternatives (YTD)
PRVYX is at 6.06% YTD. There are 474 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 | PRVYX vs FRAMX | |
| USAA Target Retirement 2060 Fund | 13.16% | — | Jul 2013 | PRVYX vs URSIX | |
| Fidelity Flex Freedom Blend 2060 Fund | 12.96% | — | Jun 2017 | PRVYX vs FWLSX | |
| Fidelity Flex Freedom Blend 2065 Fund | 12.92% | — | Jun 2019 | PRVYX vs FDFPX | |
| Fidelity Freedom 2065 Fund Class K6 | 12.91% | — | Jun 2019 | PRVYX vs FFSZX |
Lowest Volatility Alternatives to PRVYX
PRVYX has 10.77% 1-year volatility. There are 339 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 | PRVYX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 4.32% | — | Aug 2007 | PRVYX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 4.32% | — | Aug 2007 | PRVYX vs FRIMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 4.33% | — | Aug 2007 | PRVYX vs FRQAX | |
| Fidelity Freedom Index Income Fund Investor Class | 4.38% | — | Oct 2009 | PRVYX vs FIKFX |
Lowest Drawdown Alternatives to PRVYX
PRVYX has a 1-year max drawdown of -7.94%. There are 342 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 | PRVYX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | -3.32% | — | Oct 2009 | PRVYX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | -3.33% | — | Oct 2009 | PRVYX vs FFGZX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | -3.43% | — | Aug 2007 | PRVYX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | -3.44% | — | Aug 2007 | PRVYX 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 | PRVYX vs PEYAX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 86 | 13.22% | — | Jul 2012 | PRVYX vs PEQSX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 86 | 13.19% | — | Jan 1998 | PRVYX vs PEIYX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 10 | 2.93% | — | Oct 1995 | PRVYX vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 52 | 28.27% | — | Dec 2008 | PRVYX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 20 | 4.61% | — | Aug 1990 | PRVYX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 47 | 8.54% | — | Sep 2010 | PRVYX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 10 | 3.05% | — | Aug 1999 | PRVYX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 99 | 1.78% | — | Oct 2011 | PRVYX vs PSDYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 23 | 17.28% | — | Dec 1997 | PRVYX vs PNSAX |
Often Compared With PRVYX
Investors most often compare PRVYX with FNSFX, FFSFX, PLWIX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare PRVYX with Any Fund or Stock
Compare PRVYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PRVYX with funds that move differently
Putnam RetirementReady 2045 Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PRVYX.
Explore PRVYX Diversifiers