FHGLX vs. PRMYX
FHGLX (Fidelity Advisor Freedom 2035 Fund Class Z6) and PRMYX (Putnam RetirementReady Maturity Fund) are both Target Retirement Date funds. Over the past 5 years, FHGLX returned 7.80%/yr vs 4.08%/yr for PRMYX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. FHGLX charges 0.48%/yr vs 0.13%/yr for PRMYX.
Performance
FHGLX vs. PRMYX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FHGLX achieves a 7.71% return, which is significantly higher than PRMYX's 2.30% return.
FHGLX
- 1D
- 1.63%
- 1M
- -1.12%
- 6M
- 4.86%
- YTD
- 7.71%
- 1Y
- 16.31%
- 3Y*
- 14.96%
- 5Y*
- 7.80%
- 10Y*
- —
- ALL TIME*
- 9.93%
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 |
FHGLX vs. PRMYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHGLX Fidelity Advisor Freedom 2035 Fund Class Z6 | 7.71% | 19.05% | 14.37% | 16.96% | -17.32% | 14.17% | 16.83% | 25.99% | -7.55% | 7.68% |
PRMYX Putnam RetirementReady Maturity Fund | 2.30% | 8.38% | 6.31% | 9.82% | -4.22% | 0.02% | 1.29% | 8.54% | -5.19% | 1.38% |
Correlation
The correlation between FHGLX 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. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.76 |
The correlation between FHGLX and PRMYX shifts across timeframes, from 0.76 (all time) to 0.91 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FHGLX vs. PRMYX — Risk / Return Rank
FHGLX
PRMYX
FHGLX vs. PRMYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2035 Fund Class Z6 (FHGLX) 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.
| FHGLX | PRMYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 1.76 | +0.28 |
| Martin ratioReturn relative to average drawdown | 8.28 | 7.09 | +1.19 |
Loading charts...
Drawdowns
FHGLX vs. PRMYX - Drawdown Comparison
The maximum FHGLX drawdown since its inception was -29.20%, which is greater than PRMYX's maximum drawdown of -9.74%. Use the drawdown chart below to compare losses from any high point for FHGLX and PRMYX.
Loading charts...
Drawdown Indicators
| FHGLX | PRMYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.20% | -9.74% | -19.46% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -3.50% | -4.05% |
Max Drawdown (3Y)Largest decline over 3 years | -11.33% | -7.35% | -3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -25.75% | -9.24% | -16.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.74% | — |
Current DrawdownCurrent decline from peak | -2.10% | -0.63% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -1.68% | -3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 0.87% | +0.98% |
Volatility
FHGLX vs. PRMYX - Volatility Comparison
Fidelity Advisor Freedom 2035 Fund Class Z6 (FHGLX) has a higher volatility of 3.37% compared to Putnam RetirementReady Maturity Fund (PRMYX) at 1.44%. This indicates that FHGLX'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.
Loading charts...
Volatility by Period
| FHGLX | PRMYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 1.44% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 9.37% | 3.88% | +5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.86% | 4.83% | +6.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.60% | 5.26% | +7.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.06% | 4.50% | +9.56% |
FHGLX vs. PRMYX - Expense Ratio Comparison
FHGLX has a 0.48% expense ratio, which is higher than PRMYX's 0.13% expense ratio.
Dividends
FHGLX vs. PRMYX - Dividend Comparison
FHGLX's dividend yield for the trailing twelve months is around 7.81%, more than PRMYX's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHGLX Fidelity Advisor Freedom 2035 Fund Class Z6 | 7.81% | 7.75% | 6.74% | 1.89% | 10.32% | 9.73% | 6.38% | 7.66% | 12.29% | 2.55% | 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, FHGLX 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.
FHGLX has higher volatility (3.37%) compared to PRMYX (1.44%). In terms of maximum drawdown, FHGLX dropped -29.20% vs PRMYX's -9.74%.
FHGLX currently has the higher Sharpe Ratio (1.42 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.
Find the right allocation for FHGLX and PRMYX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer