FFWTX vs. PRMYX
FFWTX (Fidelity Freedom Index 2010 Fund Institutional Premium Class) and PRMYX (Putnam RetirementReady Maturity Fund) are both Target Retirement Date funds. Over the past 10 years, FFWTX returned 5.22%/yr vs 3.20%/yr for PRMYX. Their correlation of 0.83 means they have usually moved in the same direction. FFWTX charges 0.08%/yr vs 0.13%/yr for PRMYX.
Performance
FFWTX vs. PRMYX - Performance Comparison
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Returns By Period
In the year-to-date period, FFWTX achieves a 3.61% return, which is significantly higher than PRMYX's 2.30% return. Over the past 10 years, FFWTX has outperformed PRMYX with an annualized return of 5.22%, while PRMYX has yielded a comparatively lower 3.20% annualized return.
FFWTX
- 1D
- 0.65%
- 1M
- -0.43%
- 6M
- 2.47%
- YTD
- 3.61%
- 1Y
- 7.95%
- 3Y*
- 7.58%
- 5Y*
- 3.12%
- 10Y*
- 5.22%
- ALL TIME*
- 5.00%
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 |
FFWTX vs. PRMYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFWTX Fidelity Freedom Index 2010 Fund Institutional Premium Class | 3.61% | 10.16% | 5.83% | 9.88% | -12.97% | 5.15% | 10.45% | 14.36% | -2.58% | 10.73% |
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 FFWTX and PRMYX is 0.94, 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. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2015 | 0.83 |
The correlation between FFWTX and PRMYX shifts across timeframes, from 0.83 (10 years) to 0.94 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FFWTX vs. PRMYX — Risk / Return Rank
FFWTX
PRMYX
FFWTX vs. PRMYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2010 Fund Institutional Premium Class (FFWTX) 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.
| FFWTX | PRMYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 1.76 | +0.43 |
| Martin ratioReturn relative to average drawdown | 9.04 | 7.09 | +1.96 |
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Drawdowns
FFWTX vs. PRMYX - Drawdown Comparison
The maximum FFWTX drawdown since its inception was -17.44%, which is greater than PRMYX's maximum drawdown of -9.74%. Use the drawdown chart below to compare losses from any high point for FFWTX and PRMYX.
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Drawdown Indicators
| FFWTX | PRMYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.44% | -9.74% | -7.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.68% | -3.50% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -4.52% | -7.35% | +2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -17.44% | -9.24% | -8.20% |
Max Drawdown (10Y)Largest decline over 10 years | -17.44% | -9.74% | -7.70% |
Current DrawdownCurrent decline from peak | -0.99% | -0.63% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -2.87% | -1.68% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.87% | +0.02% |
Volatility
FFWTX vs. PRMYX - Volatility Comparison
Fidelity Freedom Index 2010 Fund Institutional Premium Class (FFWTX) and Putnam RetirementReady Maturity Fund (PRMYX) have volatilities of 1.43% and 1.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFWTX | PRMYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.44% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 3.88% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.86% | 4.83% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.17% | 5.26% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.09% | 4.50% | +1.59% |
FFWTX vs. PRMYX - Expense Ratio Comparison
FFWTX 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
FFWTX vs. PRMYX - Dividend Comparison
FFWTX's dividend yield for the trailing twelve months is around 3.81%, more than PRMYX's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFWTX Fidelity Freedom Index 2010 Fund Institutional Premium Class | 3.81% | 4.56% | 5.03% | 3.32% | 3.76% | 3.70% | 2.59% | 16.46% | 4.78% | 2.64% | 1.91% | 1.62% |
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 0.94, FFWTX 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.
PRMYX has higher volatility (1.44%) compared to FFWTX (1.43%). In terms of maximum drawdown, FFWTX dropped -17.44% vs PRMYX's -9.74%.
FFWTX currently has the higher Sharpe Ratio (1.66 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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