FFIKX vs. PRMYX
FFIKX (Fidelity Freedom Index 2065 Fund Institutional Premium Class) and PRMYX (Putnam RetirementReady Maturity Fund) are both Target Retirement Date funds. Over the past 5 years, FFIKX returned 9.31%/yr vs 4.08%/yr for PRMYX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. FFIKX charges 0.08%/yr vs 0.13%/yr for PRMYX.
Performance
FFIKX vs. PRMYX - Performance Comparison
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Returns By Period
In the year-to-date period, FFIKX achieves a 10.44% return, which is significantly higher than PRMYX's 2.30% return.
FFIKX
- 1D
- 2.01%
- 1M
- -0.46%
- 6M
- 7.36%
- YTD
- 10.44%
- 1Y
- 22.08%
- 3Y*
- 16.55%
- 5Y*
- 9.31%
- 10Y*
- —
- ALL TIME*
- 11.80%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FFIKX vs. PRMYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FFIKX Fidelity Freedom Index 2065 Fund Institutional Premium Class | 10.44% | 21.48% | 14.23% | 19.88% | -18.16% | 15.96% | 16.50% | 8.57% |
PRMYX Putnam RetirementReady Maturity Fund | 2.30% | 8.38% | 6.31% | 9.82% | -4.22% | 0.02% | 1.29% | 1.63% |
Correlation
The correlation between FFIKX and PRMYX is 0.91, 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. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2019 | 0.76 |
The correlation between FFIKX and PRMYX shifts across timeframes, from 0.76 (all time) to 0.91 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FFIKX vs. PRMYX — Risk / Return Rank
FFIKX
PRMYX
FFIKX vs. PRMYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2065 Fund Institutional Premium Class (FFIKX) 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.
| FFIKX | PRMYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 1.76 | +0.50 |
| Martin ratioReturn relative to average drawdown | 9.36 | 7.09 | +2.27 |
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Drawdowns
FFIKX vs. PRMYX - Drawdown Comparison
The maximum FFIKX drawdown since its inception was -30.68%, which is greater than PRMYX's maximum drawdown of -9.74%. Use the drawdown chart below to compare losses from any high point for FFIKX and PRMYX.
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Drawdown Indicators
| FFIKX | PRMYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -9.74% | -20.94% |
Max Drawdown (1Y)Largest decline over 1 year | -9.08% | -3.50% | -5.58% |
Max Drawdown (3Y)Largest decline over 3 years | -14.70% | -7.35% | -7.35% |
Max Drawdown (5Y)Largest decline over 5 years | -26.22% | -9.24% | -16.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.74% | — |
Current DrawdownCurrent decline from peak | -1.93% | -0.63% | -1.30% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -1.68% | -3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 0.87% | +1.31% |
Volatility
FFIKX vs. PRMYX - Volatility Comparison
Fidelity Freedom Index 2065 Fund Institutional Premium Class (FFIKX) has a higher volatility of 3.89% compared to Putnam RetirementReady Maturity Fund (PRMYX) at 1.44%. This indicates that FFIKX'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.
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Volatility by Period
| FFIKX | PRMYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 1.44% | +2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 3.88% | +7.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.05% | 4.83% | +8.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.62% | 5.26% | +9.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.80% | 4.50% | +12.30% |
FFIKX vs. PRMYX - Expense Ratio Comparison
FFIKX has a 0.08% expense ratio, which is lower than PRMYX's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FFIKX vs. PRMYX - Dividend Comparison
FFIKX's dividend yield for the trailing twelve months is around 1.71%, less than PRMYX's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFIKX Fidelity Freedom Index 2065 Fund Institutional Premium Class | 1.71% | 1.93% | 1.92% | 1.91% | 2.01% | 1.80% | 1.81% | 2.05% | 0.00% | 0.00% | 0.00% | 0.00% |
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
With a correlation of 0.91, FFIKX and PRMYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FFIKX has higher volatility (3.89%) compared to PRMYX (1.44%). In terms of maximum drawdown, FFIKX dropped -30.68% vs PRMYX's -9.74%.
FFIKX currently has the higher Sharpe Ratio (1.57 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.
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