PADLX vs. FNSFX
PADLX (Putnam Retirement Advantage Maturity Fund) and FNSFX (Fidelity Freedom 2060 Fund Class K) are both Target Retirement Date funds. Over the past 5 years, PADLX returned 3.52%/yr vs 10.06%/yr for FNSFX. Their correlation of 0.84 means they have usually moved in the same direction. PADLX charges 0.22%/yr vs 0.65%/yr for FNSFX.
Performance
PADLX vs. FNSFX - Performance Comparison
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Returns By Period
In the year-to-date period, PADLX achieves a 4.09% return, which is significantly lower than FNSFX's 12.12% return.
PADLX
- 1D
- 0.53%
- 1M
- -0.35%
- 6M
- 2.77%
- YTD
- 4.09%
- 1Y
- 9.96%
- 3Y*
- 9.41%
- 5Y*
- 3.52%
- 10Y*
- —
- ALL TIME*
- 4.64%
FNSFX
- 1D
- 2.30%
- 1M
- -1.16%
- 6M
- 7.99%
- YTD
- 12.12%
- 1Y
- 24.67%
- 3Y*
- 17.95%
- 5Y*
- 10.06%
- 10Y*
- —
- ALL TIME*
- 11.43%
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 |
PADLX vs. FNSFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PADLX Putnam Retirement Advantage Maturity Fund | 4.09% | 10.83% | 8.34% | 11.01% | -12.54% | 2.93% | 7.84% |
FNSFX Fidelity Freedom 2060 Fund Class K | 12.12% | 23.84% | 14.14% | 20.59% | -18.20% | 16.68% | 18.40% |
Correlation
The correlation between PADLX and FNSFX 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. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020 | 0.84 |
The correlation between PADLX and FNSFX has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.
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Return for Risk
PADLX vs. FNSFX — Risk / Return Rank
PADLX
FNSFX
PADLX vs. FNSFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Retirement Advantage Maturity Fund (PADLX) and Fidelity Freedom 2060 Fund Class K (FNSFX). 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.
| PADLX | FNSFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.29 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.36 | +0.39 |
| Martin ratioReturn relative to average drawdown | 11.56 | 9.88 | +1.69 |
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Drawdowns
PADLX vs. FNSFX - Drawdown Comparison
The maximum PADLX drawdown since its inception was -18.87%, smaller than the maximum FNSFX drawdown of -30.92%. Use the drawdown chart below to compare losses from any high point for PADLX and FNSFX.
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Drawdown Indicators
| PADLX | FNSFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.87% | -30.92% | +12.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.63% | -9.76% | +6.13% |
Max Drawdown (3Y)Largest decline over 3 years | -6.63% | -15.41% | +8.78% |
Max Drawdown (5Y)Largest decline over 5 years | -18.87% | -27.31% | +8.44% |
Current DrawdownCurrent decline from peak | -0.79% | -2.45% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -4.73% | -5.53% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 2.33% | -1.47% |
Volatility
PADLX vs. FNSFX - Volatility Comparison
The current volatility for Putnam Retirement Advantage Maturity Fund (PADLX) is 1.44%, while Fidelity Freedom 2060 Fund Class K (FNSFX) has a volatility of 4.38%. This indicates that PADLX experiences smaller price fluctuations and is considered to be less risky than FNSFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PADLX | FNSFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 4.38% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 12.43% | -8.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.89% | 14.46% | -9.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.70% | 15.27% | -8.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.47% | 16.01% | -8.54% |
PADLX vs. FNSFX - Expense Ratio Comparison
PADLX has a 0.22% expense ratio, which is lower than FNSFX's 0.65% expense ratio.
Dividends
PADLX vs. FNSFX - Dividend Comparison
PADLX's dividend yield for the trailing twelve months is around 4.65%, less than FNSFX's 4.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FNSFX Fidelity Freedom 2060 Fund Class K | 4.97% | 3.70% | 2.32% | 2.13% | 10.66% | 10.24% | 3.89% | 5.99% | 5.94% | 2.45% |
PADLX Putnam Retirement Advantage Maturity Fund | 4.65% | 5.03% | 3.71% | 2.91% | 1.01% | 1.45% | 1.66% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, PADLX and FNSFX 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.
FNSFX has higher volatility (4.38%) compared to PADLX (1.44%). In terms of maximum drawdown, PADLX dropped -18.87% vs FNSFX's -30.92%.
PADLX currently has the higher Sharpe Ratio (2.05 vs 1.60), 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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