FIXRX vs. PRMYX

Last updated Aug 1, 2026

FIXRX (Fidelity Managed Retirement 2025 Fund) and PRMYX (Putnam RetirementReady Maturity Fund) are both Target Retirement Date funds. Their correlation of 0.80 means they have usually moved in the same direction. FIXRX charges 0.48%/yr vs 0.13%/yr for PRMYX.

Performance

FIXRX vs. PRMYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Retirement 2025 Fund (FIXRX) and Putnam RetirementReady Maturity Fund (PRMYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FIXRX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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)
PRMYX Putnam RetirementReady Maturity Fund	$0.00	$0.00	$0.00

FIXRX vs. PRMYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIXRX Fidelity Managed Retirement 2025 Fund	4.52%	13.42%	6.56%	11.83%	-15.65%	8.00%	13.10%	17.51%	-5.07%	14.27%
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 FIXRX and PRMYX is 0.85, 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.	0.85
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (10Y) Provides a long-term view across more market conditions.	0.80
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012	0.80

The correlation between FIXRX and PRMYX shifts across timeframes, from 0.80 (10 years) to 0.92 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

FIXRX vs. PRMYX — Risk / Return Rank

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

FIXRX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FIXRX vs. PRMYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2025 Fund (FIXRX) 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.

	FIXRX	PRMYX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.27	—
Sortino ratio: Return per unit of downside risk	—	1.87	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	1.76	—
Martin ratio: Return relative to average drawdown	—	7.09	—

Drawdowns

Drawdown Indicators

	FIXRX	PRMYX	Difference
Max Drawdown Largest peak-to-trough decline	—	-9.74%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-3.50%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-7.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.24%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-9.74%	—
Current Drawdown Current decline from peak	—	-0.63%	—
Average Drawdown Average peak-to-trough decline	—	-1.68%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.87%	—

Volatility

Volatility by Period

	FIXRX	PRMYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.88%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	4.83%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	5.26%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	4.50%	—

FIXRX vs. PRMYX - Expense Ratio Comparison

FIXRX has a 0.48% expense ratio, which is higher than PRMYX's 0.13% expense ratio.

Dividends

FIXRX vs. PRMYX - Dividend Comparison

FIXRX's dividend yield for the trailing twelve months is around 3.58%, more than PRMYX's 3.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIXRX Fidelity Managed Retirement 2025 Fund	3.36%	2.67%	2.59%	2.44%	4.74%	5.12%	3.58%	3.87%	7.10%	24.84%	2.44%	4.49%
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 FIXRX and PRMYX in my portfolio?

FIXRX and PRMYX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.