PADLX vs. FIJOX

Last updated Apr 3, 2026

Compare and contrast key facts about Putnam Retirement Advantage Maturity Fund (PADLX) and Fidelity Advisor Freedom 2035 Fund Class Z (FIJOX).

PADLX is managed by Putnam. It was launched on Dec 30, 2019. FIJOX is managed by Fidelity. It was launched on Oct 2, 2018.

Performance

PADLX vs. FIJOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Retirement Advantage Maturity Fund (PADLX) and Fidelity Advisor Freedom 2035 Fund Class Z (FIJOX). The values are adjusted to include any dividend payments, if applicable.

PADLX vs. FIJOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PADLX Putnam Retirement Advantage Maturity Fund	-0.01%	10.83%	8.34%	11.01%	-12.54%	2.93%	7.84%
FIJOX Fidelity Advisor Freedom 2035 Fund Class Z	0.25%	18.80%	14.10%	16.74%	-17.45%	14.11%	15.68%

Returns By Period

In the year-to-date period, PADLX achieves a -0.01% return, which is significantly lower than FIJOX's 0.25% return.

PADLX

• 1D: 0.27%
• 1M: -1.60%
• YTD: -0.01%
• 6M: 2.01%
• 1Y: 9.93%
• 3Y*: 8.86%
• 5Y*: 3.48%
• 10Y*: —

FIJOX

• 1D: 0.82%
• 1M: -2.31%
• YTD: 0.25%
• 6M: 2.27%
• 1Y: 16.70%
• 3Y*: 14.43%
• 5Y*: 7.18%
• 10Y*: —

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

PADLX vs. FIJOX - Expense Ratio Comparison

PADLX has a 0.22% expense ratio, which is lower than FIJOX's 0.61% expense ratio.

FIJOX

Fidelity Advisor Freedom 2035 Fund Class Z

PADLX

Putnam Retirement Advantage Maturity Fund

Return for Risk

PADLX vs. FIJOX — Risk / Return Rank

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

PADLX

PADLX Risk / Return Rank: 83
PADLX Sharpe Ratio Rank: 84
PADLX Sortino Ratio Rank: 85
PADLX Omega Ratio Rank: 84
PADLX Calmar Ratio Rank: 79
PADLX Martin Ratio Rank: 83

FIJOX

FIJOX Risk / Return Rank: 72
FIJOX Sharpe Ratio Rank: 71
FIJOX Sortino Ratio Rank: 72
FIJOX Omega Ratio Rank: 72
FIJOX Calmar Ratio Rank: 72
FIJOX Martin Ratio Rank: 75

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.

PADLX vs. FIJOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Retirement Advantage Maturity Fund (PADLX) and Fidelity Advisor Freedom 2035 Fund Class Z (FIJOX). 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.

	PADLX	FIJOX	Difference
Sharpe ratio Return per unit of total volatility	1.75	1.43	+0.32
Sortino ratio Return per unit of downside risk	2.46	2.03	+0.43
Omega ratio Gain probability vs. loss probability	1.37	1.31	+0.06
Calmar ratio Return relative to maximum drawdown	2.25	2.03	+0.21
Martin ratio Return relative to average drawdown	9.74	8.71	+1.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PADLX vs. FIJOX - Sharpe Ratio Comparison

The current PADLX Sharpe Ratio is 1.75, which is comparable to the FIJOX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of PADLX and FIJOX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PADLX	FIJOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.75	1.43	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.58	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.62	-0.06

Correlation

The correlation between PADLX and FIJOX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PADLX vs. FIJOX - Dividend Comparison

PADLX's dividend yield for the trailing twelve months is around 4.73%, less than FIJOX's 7.61% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
PADLX Putnam Retirement Advantage Maturity Fund	4.73%	5.03%	3.71%	2.91%	1.01%	1.45%	1.66%	0.00%	0.00%
FIJOX Fidelity Advisor Freedom 2035 Fund Class Z	7.61%	7.62%	6.56%	1.89%	10.30%	9.72%	6.32%	7.74%	2.53%

Drawdowns

PADLX vs. FIJOX - Drawdown Comparison

The maximum PADLX drawdown since its inception was -18.87%, smaller than the maximum FIJOX drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for PADLX and FIJOX.

Drawdown Indicators

	PADLX	FIJOX	Difference
Max Drawdown Largest peak-to-trough decline	-18.87%	-29.22%	+10.35%
Max Drawdown (1Y) Largest decline over 1 year	-3.63%	-7.58%	+3.95%
Max Drawdown (5Y) Largest decline over 5 years	-18.87%	-25.85%	+6.98%
Current Drawdown Current decline from peak	-2.66%	-4.80%	+2.14%
Average Drawdown Average peak-to-trough decline	-4.95%	-5.66%	+0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	2.04%	-0.97%

Volatility

PADLX vs. FIJOX - Volatility Comparison

The current volatility for Putnam Retirement Advantage Maturity Fund (PADLX) is 2.04%, while Fidelity Advisor Freedom 2035 Fund Class Z (FIJOX) has a volatility of 4.86%. This indicates that PADLX experiences smaller price fluctuations and is considered to be less risky than FIJOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PADLX	FIJOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.04%	4.86%	-2.82%
Volatility (6M) Calculated over the trailing 6-month period	3.28%	7.44%	-4.16%
Volatility (1Y) Calculated over the trailing 1-year period	5.82%	12.03%	-6.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.63%	12.34%	-5.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.55%	14.82%	-7.27%