Putnam Fixed Income Absolute Return Fund (PYTRX) belongs to the Intermediate Core Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PYTRX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PYTRX
PYTRX charges 0.46% annually. There are 52 mutual funds in the Intermediate Core Bond category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Total Bond Market Index Fund Institutiona... | 0.02% | 398.10B | Feb 2010 | PYTRX vs VBMPX | |
| Federated Hermes Mortgage Strategy Portfolio | 0.02% | — | Dec 2007 | PYTRX vs FMBPX | |
| State Street Aggregate Bond Index Portfolio | 0.02% | — | Sep 2014 | PYTRX vs SSAFX | |
| Fisher Investments Institutional Group Fixed Incom... | 0.03% | — | Dec 2019 | PYTRX vs QDIBX | |
| Fisher Investments Institutional Group ESG Fixed I... | 0.04% | — | Dec 2019 | PYTRX vs QDVBX |
Best Risk-Adjusted Alternatives to PYTRX
PYTRX has a PortfoliosLab risk / return rank of 10. There are 50 mutual funds in the Intermediate Core Bond category with higher risk-adjusted ranks, going as high as 53.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard California Intermediate-Term Tax-Exempt F... | 53 | 19.40B | Mar 1994 | PYTRX vs VCAIX | |
| Loomis Sayles Securitized Asset Fund | 51 | — | Mar 2006 | PYTRX vs LSSAX | |
| Hartford Schroders Tax-Aware Bond Fund | 46 | — | Oct 2011 | PYTRX vs STWTX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 43 | — | Aug 1995 | PYTRX vs PCGTX | |
| Manning & Napier Credit Series | 29 | — | Apr 2020 | PYTRX vs MCDWX |
Top Performing PYTRX Alternatives (YTD)
PYTRX is at -0.68% YTD. There are 45 mutual funds in the Intermediate Core Bond category with higher YTD returns, going as high as 1.84%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| PACE Mortgage-Backed Securities Fixed Income Inves... | 1.84% | — | Aug 1995 | PYTRX vs PCGTX | |
| Loomis Sayles Securitized Asset Fund | 0.78% | — | Mar 2006 | PYTRX vs LSSAX | |
| DFA Diversified Fixed Income Portfolio | 0.55% | — | Aug 2016 | PYTRX vs DFXIX | |
| Manning & Napier Credit Series | 0.46% | — | Apr 2020 | PYTRX vs MCDWX | |
| Fidelity Education Income Fund | 0.15% | — | Mar 2021 | PYTRX vs FEDUX |
Lowest Volatility Alternatives to PYTRX
PYTRX has 3.69% 1-year volatility. There are 29 mutual funds in the Intermediate Core Bond category with lower 1-year volatility, going as low as 2.32%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard California Intermediate-Term Tax-Exempt F... | 2.32% | 19.40B | Mar 1994 | PYTRX vs VCAIX | |
| Fidelity Education Income Fund | 2.36% | — | Mar 2021 | PYTRX vs FEDUX | |
| Baird Intermediate Bond Fund | 2.39% | — | Sep 2000 | PYTRX vs BIMSX | |
| Baird Intermediate Bond Fund Class Institutional | 2.40% | — | Sep 2000 | PYTRX vs BIMIX | |
| DFA Diversified Fixed Income Portfolio | 2.58% | — | Aug 2016 | PYTRX vs DFXIX |
Lowest Drawdown Alternatives to PYTRX
PYTRX has a 1-year max drawdown of -3.11%. There are 80 mutual funds in the Intermediate Core Bond category with shallower 1-year drawdowns, going as shallow as -1.69%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Diversified Fixed Income Portfolio | -1.69% | — | Aug 2016 | PYTRX vs DFXIX | |
| Fidelity Education Income Fund | -1.72% | — | Mar 2021 | PYTRX vs FEDUX | |
| Baird Intermediate Bond Fund | -1.87% | — | Sep 2000 | PYTRX vs BIMSX | |
| Baird Intermediate Bond Fund Class Institutional | -2.08% | — | Sep 2000 | PYTRX vs BIMIX | |
| Fidelity Intermediate Bond Fund | -2.11% | — | May 1975 | PYTRX vs FTHRX |
Other Mutual Funds from Putnam
The 10 most viewed Putnam mutual funds shown here include PEYAX, PEIYX, PEQSX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Putnam Large Cap Value Fund | Large Cap Value Equities | 95 | 15.70% | — | Jun 1977 | PYTRX vs PEYAX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 95 | 15.86% | — | Oct 1998 | PYTRX vs PEIYX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 95 | 15.91% | — | Jul 2012 | PYTRX vs PEQSX | |
| Putnam Large Cap Growth Fund Class A | Large Cap Growth Equities | 13 | 2.30% | — | Oct 1995 | PYTRX vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 59 | 29.55% | — | Dec 2008 | PYTRX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 31 | 5.65% | — | Aug 1990 | PYTRX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 66 | 9.94% | — | Sep 2010 | PYTRX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 13 | 2.44% | — | Aug 1999 | PYTRX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 98 | 1.68% | — | Oct 2011 | PYTRX vs PSDYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 29 | 17.35% | — | Dec 1997 | PYTRX vs PNSAX |
Often Compared With PYTRX
Investors most often compare PYTRX with FNMIX, DUTMX, FBNDX. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare PYTRX with Any Fund or Stock
Compare PYTRX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PYTRX with funds that move differently
Putnam Fixed Income Absolute Return Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PYTRX.
Explore PYTRX Diversifiers