MLLIX vs. PRMYX
MLLIX (MFS Lifetime Income Fund) and PRMYX (Putnam RetirementReady Maturity Fund) are both Target Retirement Date funds. Over the past 10 years, MLLIX returned 4.91%/yr vs 3.21%/yr for PRMYX. Their correlation of 0.81 means they have usually moved in the same direction. MLLIX charges 0.00%/yr vs 0.13%/yr for PRMYX.
Performance
MLLIX vs. PRMYX - Performance Comparison
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Returns By Period
In the year-to-date period, MLLIX achieves a 3.73% return, which is significantly higher than PRMYX's 2.35% return. Over the past 10 years, MLLIX has outperformed PRMYX with an annualized return of 4.91%, while PRMYX has yielded a comparatively lower 3.21% annualized return.
MLLIX
- 1D
- 0.32%
- 1M
- -0.08%
- 6M
- 2.51%
- YTD
- 3.73%
- 1Y
- 7.22%
- 3Y*
- 7.63%
- 5Y*
- 3.08%
- 10Y*
- 4.91%
- ALL TIME*
- 5.08%
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 |
MLLIX vs. PRMYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLLIX MFS Lifetime Income Fund | 3.73% | 9.32% | 5.62% | 9.12% | -11.99% | 6.63% | 10.06% | 13.91% | -2.37% | 8.24% |
PRMYX Putnam RetirementReady Maturity Fund | 2.35% | 8.38% | 6.31% | 9.82% | -4.22% | 0.02% | 1.29% | 8.54% | -5.19% | 5.10% |
Correlation
The correlation between MLLIX and PRMYX is 0.88, 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. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.81 |
The correlation between MLLIX and PRMYX has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
MLLIX vs. PRMYX — Risk / Return Rank
MLLIX
PRMYX
MLLIX vs. PRMYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Lifetime Income Fund (MLLIX) 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.
| MLLIX | PRMYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.23 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 1.77 | +0.24 |
| Martin ratioReturn relative to average drawdown | 8.83 | 7.13 | +1.70 |
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Drawdowns
MLLIX vs. PRMYX - Drawdown Comparison
The maximum MLLIX drawdown since its inception was -17.32%, which is greater than PRMYX's maximum drawdown of -9.74%. Use the drawdown chart below to compare losses from any high point for MLLIX and PRMYX.
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Drawdown Indicators
| MLLIX | PRMYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.32% | -9.74% | -7.58% |
Max Drawdown (1Y)Largest decline over 1 year | -3.86% | -3.50% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -4.93% | -7.35% | +2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -16.08% | -9.24% | -6.84% |
Max Drawdown (10Y)Largest decline over 10 years | -16.08% | -9.74% | -6.34% |
Current DrawdownCurrent decline from peak | -0.40% | -0.57% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -2.14% | -1.68% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.87% | +0.01% |
Volatility
MLLIX vs. PRMYX - Volatility Comparison
The current volatility for MFS Lifetime Income Fund (MLLIX) is 1.11%, while Putnam RetirementReady Maturity Fund (PRMYX) has a volatility of 1.55%. This indicates that MLLIX experiences smaller price fluctuations and is considered to be less risky than PRMYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLLIX | PRMYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.55% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 3.93% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.52% | 4.87% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.95% | 5.26% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.71% | 4.51% | +1.20% |
MLLIX vs. PRMYX - Expense Ratio Comparison
MLLIX has a 0.00% 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
MLLIX vs. PRMYX - Dividend Comparison
MLLIX's dividend yield for the trailing twelve months is around 7.41%, more than PRMYX's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLLIX MFS Lifetime Income Fund | 7.41% | 6.01% | 6.26% | 3.70% | 3.92% | 6.12% | 3.18% | 3.80% | 4.20% | 3.56% | 4.21% | 2.51% |
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
MLLIX and PRMYX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRMYX has higher volatility (1.55%) compared to MLLIX (1.11%). In terms of maximum drawdown, MLLIX dropped -17.32% vs PRMYX's -9.74%.
MLLIX currently has the higher Sharpe Ratio (1.72 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.
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