FSNVX vs. PRMYX
FSNVX (Fidelity Freedom 2040 Fund Class K) and PRMYX (Putnam RetirementReady Maturity Fund) are both Target Retirement Date funds. Over the past 5 years, FSNVX returned 9.89%/yr vs 4.03%/yr for PRMYX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. FSNVX charges 0.65%/yr vs 0.13%/yr for PRMYX.
Performance
FSNVX vs. PRMYX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FSNVX achieves a 12.13% return, which is significantly higher than PRMYX's 2.35% return.
FSNVX
- 1D
- 1.12%
- 1M
- 0.35%
- 6M
- 7.94%
- YTD
- 12.13%
- 1Y
- 22.05%
- 3Y*
- 18.98%
- 5Y*
- 9.89%
- 10Y*
- —
- ALL TIME*
- 11.41%
PRMYX
- 1D
- 0.46%
- 1M
- -0.17%
- 6M
- 2.58%
- YTD
- 2.35%
- 1Y
- 5.80%
- 3Y*
- 7.70%
- 5Y*
- 4.03%
- 10Y*
- 3.21%
- 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 |
FSNVX vs. PRMYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSNVX Fidelity Freedom 2040 Fund Class K | 12.13% | 22.12% | 16.08% | 20.08% | -18.17% | 16.62% | 18.44% | 25.49% | -8.87% | 7.42% |
PRMYX Putnam RetirementReady Maturity Fund | 2.35% | 8.38% | 6.31% | 9.82% | -4.22% | 0.02% | 1.29% | 8.54% | -5.19% | 0.86% |
Correlation
The correlation between FSNVX and PRMYX is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2017 | 0.74 |
The correlation between FSNVX and PRMYX shifts across timeframes, from 0.74 (all time) to 0.90 (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
FSNVX vs. PRMYX — Risk / Return Rank
FSNVX
PRMYX
FSNVX vs. PRMYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund Class K (FSNVX) 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.
| FSNVX | PRMYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.23 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 1.77 | +0.96 |
| Martin ratioReturn relative to average drawdown | 11.30 | 7.13 | +4.17 |
Loading charts...
Drawdowns
FSNVX vs. PRMYX - Drawdown Comparison
The maximum FSNVX drawdown since its inception was -30.96%, which is greater than PRMYX's maximum drawdown of -9.74%. Use the drawdown chart below to compare losses from any high point for FSNVX and PRMYX.
Loading charts...
Drawdown Indicators
| FSNVX | PRMYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.96% | -9.74% | -21.22% |
Max Drawdown (1Y)Largest decline over 1 year | -8.71% | -3.50% | -5.21% |
Max Drawdown (3Y)Largest decline over 3 years | -14.08% | -7.35% | -6.73% |
Max Drawdown (5Y)Largest decline over 5 years | -27.21% | -9.24% | -17.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.74% | — |
Current DrawdownCurrent decline from peak | -0.82% | -0.57% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -5.50% | -1.68% | -3.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 0.87% | +1.23% |
Volatility
FSNVX vs. PRMYX - Volatility Comparison
Fidelity Freedom 2040 Fund Class K (FSNVX) has a higher volatility of 4.02% compared to Putnam RetirementReady Maturity Fund (PRMYX) at 1.55%. This indicates that FSNVX'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
| FSNVX | PRMYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 1.55% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 10.93% | 3.93% | +7.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.79% | 4.87% | +7.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.54% | 5.26% | +9.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 4.51% | +11.14% |
FSNVX vs. PRMYX - Expense Ratio Comparison
FSNVX has a 0.65% expense ratio, which is higher than PRMYX's 0.13% expense ratio.
Dividends
FSNVX vs. PRMYX - Dividend Comparison
FSNVX's dividend yield for the trailing twelve months is around 6.36%, more than PRMYX's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSNVX Fidelity Freedom 2040 Fund Class K | 6.36% | 5.08% | 5.22% | 1.85% | 12.39% | 12.13% | 5.74% | 6.76% | 8.06% | 3.10% | 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
FSNVX and PRMYX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSNVX has higher volatility (4.02%) compared to PRMYX (1.55%). In terms of maximum drawdown, FSNVX dropped -30.96% vs PRMYX's -9.74%.
FSNVX currently has the higher Sharpe Ratio (1.87 vs 1.28), 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 FSNVX 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