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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%.


Best Risk-Adjusted Alternatives to PRZZX

PRZZX has a PortfoliosLab risk / return rank of 37. There are 661 mutual funds in the Target Retirement Date category with higher risk-adjusted ranks, going as high as 89.


Top Performing PRZZX Alternatives (YTD)

PRZZX is at 5.81% YTD. There are 533 mutual funds in the Target Retirement Date category with higher YTD returns, going as high as 14.17%.


Lowest Volatility Alternatives to PRZZX

PRZZX has 8.91% 1-year volatility. There are 305 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.33%.


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%.


Other Mutual Funds from Putnam

The 10 most viewed Putnam mutual funds shown here include PEYAX, POGAX, PEQSX and span 5 categories.


Often Compared With PRZZX

Investors most often compare PRZZX with VFORX, URTRX, FNSHX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.


SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
Vanguard Target Retirement 2040 FundTarget Retirement Date, Diversified Portfolio
71
10.11%
116.40BJun 2006PRZZX vs VFORX
USAA Target Retirement 2030 FundTarget Retirement Date
77
8.16%
Jul 2008PRZZX vs URTRX
Fidelity Freedom Income Fund Class KTarget Retirement Date
75
4.98%
Jul 2017PRZZX vs FNSHX
Fidelity Freedom Income Fund Class K6Target Retirement Date
78
5.05%
Oct 1996PRZZX vs FYTKX
John Hancock Funds Multi-Index 2045 Lifetime Portf...Target Retirement Date
72
12.32%
Nov 2013PRZZX vs JRLVX
Fidelity Flex Freedom Blend Income FundTarget Retirement Date
80
5.19%
Jun 2017PRZZX vs FTLSX
Fidelity Advisor Managed Retirement Income Fund Cl...Target Retirement Date
69
3.94%
Aug 2007PRZZX vs FRAMX
Principal LifeTime 2040 FundTarget Retirement Date
50
7.80%
Feb 2001PRZZX vs PTDIX
Principal LifeTime 2055 FundTarget Retirement Date
49
9.67%
Feb 2008PRZZX vs LTFIX
Fidelity Managed Retirement Income Fund Class K6Target Retirement Date
75
4.14%
Aug 2019PRZZX vs FRHMX
USAA Target Retirement Income FundTarget Retirement Date
82
5.93%
Jul 2008PRZZX vs URINX
Fidelity Managed Retirement Income FundTarget Retirement Date
72
4.04%
Aug 2007PRZZX vs FIRMX
Fidelity Managed Retirement 2010 Fund Class KTarget Retirement Date
74
4.10%
Aug 2019PRZZX vs FRQKX
Fidelity Freedom Income FundTarget Retirement Date
76
4.96%
Oct 1996PRZZX vs FFFAX
Prudential Day One 2020 FundTarget Retirement Date
81
5.76%
Dec 2016PRZZX vs PDDDX
Principal LifeTime 2030 FundTarget Retirement Date
53
6.02%
Feb 2001PRZZX vs PMTIX
American Funds 2065 Target Date Retirement FundTarget Retirement Date
58
11.15%
Mar 2020PRZZX vs FCQTX
John Hancock Funds Multi-Index 2055 Lifetime Portf...Target Retirement Date
69
12.94%
Mar 2014PRZZX vs JLKYX
Fidelity Freedom 2010 FundTarget Retirement Date
76
5.33%
Oct 1996PRZZX vs FFFCX
USAA Target Retirement 2060 FundTarget Retirement Date
70
13.22%
Jul 2013PRZZX vs URSIX

Compare PRZZX with Any Fund or Stock

Compare PRZZX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.


 

Diversifiers

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