FDKQX vs. PRMYX

Last updated Aug 1, 2026

FDKQX (Fidelity Advisor Freedom 2060 Fund Class I) and PRMYX (Putnam RetirementReady Maturity Fund) are both Target Retirement Date funds. Over the past 10 years, FDKQX returned 11.59%/yr vs 3.20%/yr for PRMYX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. FDKQX charges 0.75%/yr vs 0.13%/yr for PRMYX.

Performance

FDKQX vs. PRMYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2060 Fund Class I (FDKQX) and Putnam RetirementReady Maturity Fund (PRMYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDKQX achieves a 10.66% return, which is significantly higher than PRMYX's 2.30% return. Over the past 10 years, FDKQX has outperformed PRMYX with an annualized return of 11.59%, while PRMYX has yielded a comparatively lower 3.20% annualized return.

FDKQX

• 1D: 2.30%
• 1M: -1.20%
• 6M: 6.87%
• YTD: 10.66%
• 1Y: 21.81%
• 3Y*: 17.05%
• 5Y*: 9.28%
• 10Y*: 11.59%
• ALL TIME*: 10.22%

PRMYX

• 1D: 0.58%
• 1M: -0.23%
• 6M: 2.28%
• YTD: 2.30%
• 1Y: 6.12%
• 3Y*: 7.35%
• 5Y*: 4.08%
• 10Y*: 3.20%
• ALL TIME*: 3.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDKQX Fidelity Advisor Freedom 2060 Fund Class I	$0.00	$0.00	$0.00
PRMYX Putnam RetirementReady Maturity Fund	$0.00	$0.00	$0.00

FDKQX vs. PRMYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDKQX Fidelity Advisor Freedom 2060 Fund Class I	10.66%	23.13%	13.70%	19.18%	-18.11%	15.95%	17.56%	26.66%	-8.28%	21.65%
PRMYX Putnam RetirementReady Maturity Fund	2.30%	8.38%	6.31%	9.82%	-4.22%	0.02%	1.29%	8.54%	-5.19%	5.10%

Correlation

The correlation between FDKQX and PRMYX is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (10Y) Provides a long-term view across more market conditions.	0.73
Correlation (All Time) Calculated using the full available price history since Aug 12, 2014	0.74

The correlation between FDKQX and PRMYX shifts across timeframes, from 0.73 (10 years) to 0.89 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FDKQX vs. PRMYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FDKQX

FDKQX Risk / Return Rank: 54
FDKQX Sharpe Ratio Rank: 50
FDKQX Sortino Ratio Rank: 49
FDKQX Omega Ratio Rank: 49
FDKQX Calmar Ratio Rank: 55
FDKQX Martin Ratio Rank: 65

PRMYX

PRMYX Risk / Return Rank: 42
PRMYX Sharpe Ratio Rank: 40
PRMYX Sortino Ratio Rank: 41
PRMYX Omega Ratio Rank: 38
PRMYX Calmar Ratio Rank: 40
PRMYX Martin Ratio Rank: 48

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FDKQX vs. PRMYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2060 Fund Class I (FDKQX) and Putnam RetirementReady Maturity Fund (PRMYX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FDKQX	PRMYX	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.27	+0.13
Sortino ratio: Return per unit of downside risk	1.99	1.87	+0.12
Omega ratio: Gain probability vs. loss probability	1.26	1.23	+0.03
Calmar ratio: Return relative to maximum drawdown	2.04	1.76	+0.28
Martin ratio: Return relative to average drawdown	8.47	7.09	+1.38

FDKQX vs. PRMYX - Sharpe Ratio Comparison

The current FDKQX Sharpe Ratio is 1.40, which is comparable to the PRMYX Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of FDKQX and PRMYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDKQX vs. PRMYX - Drawdown Comparison

The maximum FDKQX drawdown since its inception was -31.28%, which is greater than PRMYX's maximum drawdown of -9.74%. Use the drawdown chart below to compare losses from any high point for FDKQX and PRMYX.

Drawdown Indicators

	FDKQX	PRMYX	Difference
Max Drawdown Largest peak-to-trough decline	-31.28%	-9.74%	-21.54%
Max Drawdown (1Y) Largest decline over 1 year	-9.92%	-3.50%	-6.42%
Max Drawdown (3Y) Largest decline over 3 years	-15.11%	-7.35%	-7.76%
Max Drawdown (5Y) Largest decline over 5 years	-27.32%	-9.24%	-18.08%
Max Drawdown (10Y) Largest decline over 10 years	-31.28%	-9.74%	-21.54%
Current Drawdown Current decline from peak	-2.53%	-0.63%	-1.90%
Average Drawdown Average peak-to-trough decline	-5.00%	-1.68%	-3.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	0.87%	+1.52%

Volatility

FDKQX vs. PRMYX - Volatility Comparison

Fidelity Advisor Freedom 2060 Fund Class I (FDKQX) has a higher volatility of 4.49% compared to Putnam RetirementReady Maturity Fund (PRMYX) at 1.44%. This indicates that FDKQX's price experiences larger fluctuations and is considered to be riskier than PRMYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDKQX	PRMYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	1.44%	+3.05%
Volatility (6M) Calculated over the trailing 6-month period	12.48%	3.88%	+8.60%
Volatility (1Y) Calculated over the trailing 1-year period	14.43%	4.83%	+9.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.24%	5.26%	+9.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.52%	4.50%	+11.02%

FDKQX vs. PRMYX - Expense Ratio Comparison

FDKQX has a 0.75% expense ratio, which is higher than PRMYX's 0.13% expense ratio.

Dividends

FDKQX vs. PRMYX - Dividend Comparison

FDKQX's dividend yield for the trailing twelve months is around 5.88%, more than PRMYX's 3.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDKQX Fidelity Advisor Freedom 2060 Fund Class I	5.88%	4.65%	0.43%	2.02%	10.22%	8.58%	4.44%	6.24%	8.64%	3.03%	3.32%	3.59%
PRMYX Putnam RetirementReady Maturity Fund	3.41%	3.30%	3.15%	3.62%	7.46%	2.47%	2.17%	2.97%	1.73%	0.55%	1.53%	3.90%

Frequently Asked Questions

Can I hold both FDKQX and PRMYX in my portfolio?

FDKQX and PRMYX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDKQX or PRMYX?

FDKQX has higher volatility (4.49%) compared to PRMYX (1.44%). In terms of maximum drawdown, FDKQX dropped -31.28% vs PRMYX's -9.74%.

Which has better risk-adjusted returns?

FDKQX currently has the higher Sharpe Ratio (1.40 vs 1.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.