MXXLX vs. PADLX

Last updated Aug 6, 2026

MXXLX (Great-West Lifetime 2055 Fund) and PADLX (Putnam Retirement Advantage Maturity Fund) are both Target Retirement Date funds. Over the past 5 years, MXXLX returned 7.98%/yr vs 3.63%/yr for PADLX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. MXXLX charges 0.57%/yr vs 0.22%/yr for PADLX.

Performance

MXXLX vs. PADLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West Lifetime 2055 Fund (MXXLX) 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, MXXLX achieves a 13.37% return, which is significantly higher than PADLX's 5.01% return.

MXXLX

• 1D: 1.38%
• 1M: 1.56%
• 6M: 9.97%
• YTD: 13.37%
• 1Y: 22.19%
• 3Y*: 15.89%
• 5Y*: 7.98%
• 10Y*: 9.55%
• ALL TIME*: 8.00%

PADLX

• 1D: 0.70%
• 1M: 0.18%
• 6M: 3.68%
• YTD: 5.01%
• 1Y: 10.42%
• 3Y*: 10.15%
• 5Y*: 3.63%
• 10Y*: —
• ALL TIME*: 4.77%

*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)
MXXLX Great-West Lifetime 2055 Fund	$0.00	$0.00	$0.00
PADLX Putnam Retirement Advantage Maturity Fund	$0.00	$0.00	$0.00

MXXLX vs. PADLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MXXLX Great-West Lifetime 2055 Fund	13.37%	17.54%	10.65%	17.25%	-17.19%	16.12%	13.57%
PADLX Putnam Retirement Advantage Maturity Fund	5.01%	10.83%	8.34%	11.01%	-12.54%	2.93%	7.84%

Correlation

The correlation between MXXLX and PADLX is 0.87, 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.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (5Y) Shows whether the relationship held over a longer period.	0.76
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020	0.75

The correlation between MXXLX and PADLX shifts across timeframes, from 0.75 (all time) to 0.87 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MXXLX vs. PADLX — Risk / Return Rank

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

MXXLX

MXXLX Risk / Return Rank: 60
MXXLX Sharpe Ratio Rank: 58
MXXLX Sortino Ratio Rank: 56
MXXLX Omega Ratio Rank: 55
MXXLX Calmar Ratio Rank: 59
MXXLX Martin Ratio Rank: 70

PADLX

PADLX Risk / Return Rank: 82
PADLX Sharpe Ratio Rank: 83
PADLX Sortino Ratio Rank: 84
PADLX Omega Ratio Rank: 81
PADLX Calmar Ratio Rank: 78
PADLX Martin Ratio Rank: 84

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.

MXXLX vs. PADLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West Lifetime 2055 Fund (MXXLX) 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.

	MXXLX	PADLX	Difference
Sharpe ratio: Return per unit of total volatility	1.73	2.11	-0.39
Sortino ratio: Return per unit of downside risk	2.44	3.11	-0.66
Omega ratio: Gain probability vs. loss probability	1.32	1.40	-0.08
Calmar ratio: Return relative to maximum drawdown	2.43	2.88	-0.46
Martin ratio: Return relative to average drawdown	10.20	12.04	-1.84

MXXLX vs. PADLX - Sharpe Ratio Comparison

The current MXXLX Sharpe Ratio is 1.73, which is comparable to the PADLX Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of MXXLX 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

MXXLX vs. PADLX - Drawdown Comparison

The maximum MXXLX drawdown since its inception was -33.59%, which is greater than PADLX's maximum drawdown of -18.87%. Use the drawdown chart below to compare losses from any high point for MXXLX and PADLX.

Drawdown Indicators

	MXXLX	PADLX	Difference
Max Drawdown Largest peak-to-trough decline	-33.59%	-18.87%	-14.72%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-3.63%	-5.48%
Max Drawdown (3Y) Largest decline over 3 years	-15.05%	-6.63%	-8.42%
Max Drawdown (5Y) Largest decline over 5 years	-28.94%	-18.87%	-10.07%
Max Drawdown (10Y) Largest decline over 10 years	-33.59%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.97%	-4.72%	-2.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	0.87%	+1.29%

Volatility

MXXLX vs. PADLX - Volatility Comparison

Great-West Lifetime 2055 Fund (MXXLX) has a higher volatility of 3.47% compared to Putnam Retirement Advantage Maturity Fund (PADLX) at 1.68%. This indicates that MXXLX'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

	MXXLX	PADLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	1.68%	+1.79%
Volatility (6M) Calculated over the trailing 6-month period	10.28%	4.13%	+6.15%
Volatility (1Y) Calculated over the trailing 1-year period	12.85%	4.97%	+7.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.71%	6.71%	+9.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.41%	7.47%	+8.94%

MXXLX vs. PADLX - Expense Ratio Comparison

MXXLX has a 0.57% expense ratio, which is higher than PADLX's 0.22% expense ratio.

Dividends

MXXLX vs. PADLX - Dividend Comparison

MXXLX's dividend yield for the trailing twelve months is around 2.62%, less than PADLX's 4.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXXLX Great-West Lifetime 2055 Fund	2.62%	2.97%	4.27%	3.42%	7.87%	8.92%	5.05%	9.47%	10.16%	2.95%
PADLX Putnam Retirement Advantage Maturity Fund	4.61%	5.03%	3.71%	2.91%	1.01%	1.45%	1.66%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MXXLX and PADLX in my portfolio?

MXXLX and PADLX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MXXLX or PADLX?

MXXLX has higher volatility (3.47%) compared to PADLX (1.68%). In terms of maximum drawdown, MXXLX dropped -33.59% vs PADLX's -18.87%.

Which has better risk-adjusted returns?

PADLX currently has the higher Sharpe Ratio (2.11 vs 1.73), 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.