Putnam RetirementReady 2040 Fund (PRZZX) 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 PRZZX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PRZZX
PRZZX charges 0.05% annually. There are 38 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 2060 Fund | 0.01% | — | Feb 2013 | PRZZX vs PLTZX | |
| Principal LifeTime 2055 Fund | 0.01% | — | Feb 2008 | PRZZX vs LTFIX | |
| John Hancock Funds Multi-Index 2060 Lifetime Portf... | 0.01% | — | Mar 2016 | PRZZX vs JIEHX | |
| Principal LifeTime 2025 Fund | 0.01% | — | Feb 2008 | PRZZX vs LTSTX | |
| Principal LifeTime 2045 Fund | 0.01% | — | Feb 2008 | PRZZX vs LTRIX |
Best Risk-Adjusted Alternatives to PRZZX
PRZZX has a PortfoliosLab risk / return rank of 36. There are 661 mutual funds in the Target Retirement Date category with higher risk-adjusted ranks, going as high as 89.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Putnam Retirement Advantage Maturity Fund | 89 | — | Dec 2019 | PRZZX vs PADLX | |
| State Street Target Retirement Fund | 88 | — | Sep 2014 | PRZZX vs SSFNX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 86 | — | Jan 2020 | PRZZX vs DTDRX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 86 | — | Nov 2015 | PRZZX vs DRILX | |
| Prudential Day One Income Fund | 86 | — | Dec 2016 | PRZZX vs PDAHX |
Top Performing PRZZX Alternatives (YTD)
PRZZX is at 5.43% YTD. There are 541 mutual funds in the Target Retirement Date category with higher YTD returns, going as high as 13.44%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock LifePath Dynamic 2060 Fund | 13.44% | — | May 2017 | PRZZX vs LPDIX | |
| Fidelity Flex Freedom Blend 2060 Fund | 13.43% | — | Jun 2017 | PRZZX vs FWLSX | |
| BlackRock LifePath Dynamic 2055 Fund | 13.41% | — | Jun 2010 | PRZZX vs LPVIX | |
| Fidelity Flex Freedom Blend 2055 Fund | 13.34% | — | Jun 2017 | PRZZX vs FQLSX | |
| Fidelity Flex Freedom Blend 2065 Fund | 13.32% | — | Jun 2019 | PRZZX vs FDFPX |
Lowest Volatility Alternatives to PRZZX
PRZZX has 8.93% 1-year volatility. There are 305 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.34%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.34% | — | Nov 2015 | PRZZX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | 3.99% | — | Oct 2009 | PRZZX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | 4.02% | — | Oct 2009 | PRZZX vs FFGZX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 4.15% | — | Aug 2019 | PRZZX vs FRQHX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 4.15% | — | Aug 2007 | PRZZX vs FRIMX |
Lowest Drawdown Alternatives to PRZZX
PRZZX has a 1-year max drawdown of -7.21%. There are 305 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 | PRZZX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | -3.32% | — | Oct 2009 | PRZZX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | -3.33% | — | Oct 2009 | PRZZX vs FFGZX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | -3.41% | — | Aug 2019 | PRZZX vs FRQHX | |
| Fidelity Managed Retirement 2010 Fund Class K | -3.42% | — | Aug 2019 | PRZZX vs FRQKX |
Other Mutual Funds from Putnam
The 10 most viewed Putnam mutual funds shown here include PEYAX, POGAX, PEQSX and span 5 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Putnam Large Cap Value Fund | Large Cap Value Equities | 75 | 8.55% | — | Jun 1977 | PRZZX vs PEYAX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 28 | 9.66% | — | Oct 1995 | PRZZX vs POGAX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 76 | 8.70% | — | Jul 2012 | PRZZX vs PEQSX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 76 | 8.67% | — | Jan 1998 | PRZZX vs PEIYX | |
| Putnam Global Technology Fund | Technology Equities | 90 | 41.18% | — | Dec 2008 | PRZZX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 26 | 4.59% | — | Aug 1990 | PRZZX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 59 | 8.64% | — | Sep 2010 | PRZZX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 28 | 9.77% | — | Aug 1999 | PRZZX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 98 | 1.43% | — | Oct 2011 | PRZZX vs PSDYX | |
| Putnam Research Fund | Large Cap Blend Equities | 86 | 13.70% | — | Oct 1995 | PRZZX vs PNRAX |
Often Compared With PRZZX
Investors most often compare PRZZX with VFORX, PPLIX, URTRX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare PRZZX with Any Fund or Stock
Compare PRZZX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PRZZX with funds that move differently
Putnam RetirementReady 2040 Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PRZZX.
Explore PRZZX Diversifiers