JSRSX vs. PADLX

Last updated Jun 23, 2026

JSRSX (JPMorgan SmartRetirement Income Fund) and PADLX (Putnam Retirement Advantage Maturity Fund) are both Target Retirement Date funds. Over the past 5 years, JSRSX returned 4.65%/yr vs 4.02%/yr for PADLX. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.22% expense ratio.

Performance

JSRSX vs. PADLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan SmartRetirement Income Fund (JSRSX) and Putnam Retirement Advantage Maturity Fund (PADLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JSRSX achieves a 5.05% return, which is significantly higher than PADLX's 4.70% return.

JSRSX

• 1D: 0.70%
• 1M: 1.29%
• YTD: 5.05%
• 6M: 5.03%
• 1Y: 13.29%
• 3Y*: 10.06%
• 5Y*: 4.65%
• 10Y*: 7.17%

PADLX

• 1D: 0.35%
• 1M: 0.77%
• YTD: 4.70%
• 6M: 4.77%
• 1Y: 13.24%
• 3Y*: 10.10%
• 5Y*: 4.02%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JSRSX vs. PADLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JSRSX JPMorgan SmartRetirement Income Fund	5.05%	12.12%	4.37%	15.68%	-14.15%	6.00%	9.82%
PADLX Putnam Retirement Advantage Maturity Fund	4.70%	10.83%	8.34%	11.01%	-12.54%	2.93%	7.84%

Correlation

The correlation between JSRSX and PADLX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020	0.92

The correlation between JSRSX and PADLX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

JSRSX vs. PADLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JSRSX

JSRSX Risk / Return Rank: 58
JSRSX Sharpe Ratio Rank: 58
JSRSX Sortino Ratio Rank: 60
JSRSX Omega Ratio Rank: 63
JSRSX Calmar Ratio Rank: 49
JSRSX Martin Ratio Rank: 59

PADLX

PADLX Risk / Return Rank: 87
PADLX Sharpe Ratio Rank: 90
PADLX Sortino Ratio Rank: 90
PADLX Omega Ratio Rank: 86
PADLX Calmar Ratio Rank: 83
PADLX Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JSRSX vs. PADLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement Income Fund (JSRSX) and Putnam Retirement Advantage Maturity Fund (PADLX). 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.

	JSRSX	PADLX	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.76	-0.70
Sortino ratio: Return per unit of downside risk	2.96	4.06	-1.10
Omega ratio: Gain probability vs. loss probability	1.40	1.55	-0.15
Calmar ratio: Return relative to maximum drawdown	2.55	3.63	-1.08
Martin ratio: Return relative to average drawdown	11.10	15.61	-4.51

JSRSX vs. PADLX - Sharpe Ratio Comparison

The current JSRSX Sharpe Ratio is 2.06, which is comparable to the PADLX Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of JSRSX and PADLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JSRSX vs. PADLX - Drawdown Comparison

The maximum JSRSX drawdown since its inception was -25.84%, which is greater than PADLX's maximum drawdown of -18.87%. Use the drawdown chart below to compare losses from any high point for JSRSX and PADLX.

Drawdown Indicators

	JSRSX	PADLX	Difference
Max Drawdown Largest peak-to-trough decline	-25.84%	-18.87%	-6.97%
Max Drawdown (1Y) Largest decline over 1 year	-5.14%	-3.63%	-1.51%
Max Drawdown (3Y) Largest decline over 3 years	-6.57%	-6.63%	+0.06%
Max Drawdown (5Y) Largest decline over 5 years	-18.53%	-18.87%	+0.34%
Max Drawdown (10Y) Largest decline over 10 years	-18.53%	—	—
Current Drawdown Current decline from peak	0.00%	-0.17%	+0.17%
Average Drawdown Average peak-to-trough decline	-3.19%	-4.80%	+1.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.18%	0.84%	+0.34%

Volatility

JSRSX vs. PADLX - Volatility Comparison

JPMorgan SmartRetirement Income Fund (JSRSX) has a higher volatility of 2.58% compared to Putnam Retirement Advantage Maturity Fund (PADLX) at 1.91%. This indicates that JSRSX's price experiences larger fluctuations and is considered to be riskier than PADLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JSRSX	PADLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.58%	1.91%	+0.67%
Volatility (6M) Calculated over the trailing 6-month period	5.36%	3.91%	+1.45%
Volatility (1Y) Calculated over the trailing 1-year period	6.37%	4.78%	+1.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.69%	6.69%	+1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.36%	7.51%	+0.85%

JSRSX vs. PADLX - Expense Ratio Comparison

Both JSRSX and PADLX have an expense ratio of 0.22%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

JSRSX vs. PADLX - Dividend Comparison

JSRSX's dividend yield for the trailing twelve months is around 4.59%, less than PADLX's 4.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JSRSX JPMorgan SmartRetirement Income Fund	4.59%	4.82%	3.76%	3.14%	4.43%	11.16%	4.67%	27.22%	5.98%	3.63%	2.25%	2.55%
PADLX Putnam Retirement Advantage Maturity Fund	4.95%	5.03%	3.71%	2.91%	1.01%	1.45%	1.66%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JSRSX and PADLX in my portfolio?

With a correlation of 0.96, JSRSX and PADLX 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.

Which is riskier, JSRSX or PADLX?

JSRSX has higher volatility (2.58%) compared to PADLX (1.91%). In terms of maximum drawdown, JSRSX dropped -25.84% vs PADLX's -18.87%.

Which has better risk-adjusted returns?

PADLX currently has the higher Sharpe Ratio (2.76 vs 2.06), 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.