PAEKX vs. FRAMX
Compare and contrast key facts about Putnam Retirement Advantage 2050 Fund (PAEKX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
PAEKX is managed by Putnam. It was launched on Dec 30, 2019. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
PAEKX vs. FRAMX - Performance Comparison
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PAEKX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PAEKX Putnam Retirement Advantage 2050 Fund | -3.85% | 18.99% | 13.81% | 29.68% | -17.07% | 18.57% | 15.16% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 7.92% |
Returns By Period
In the year-to-date period, PAEKX achieves a -3.85% return, which is significantly lower than FRAMX's -0.57% return.
PAEKX
- 1D
- -0.17%
- 1M
- -6.98%
- YTD
- -3.85%
- 6M
- -1.11%
- 1Y
- 16.27%
- 3Y*
- 16.58%
- 5Y*
- 9.58%
- 10Y*
- —
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
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PAEKX vs. FRAMX - Expense Ratio Comparison
PAEKX has a 0.45% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
PAEKX vs. FRAMX — Risk / Return Rank
PAEKX
FRAMX
PAEKX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Retirement Advantage 2050 Fund (PAEKX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| PAEKX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.50 | -0.36 |
Sortino ratioReturn per unit of downside risk | 1.67 | 2.09 | -0.42 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.30 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 2.00 | -0.58 |
Martin ratioReturn relative to average drawdown | 7.01 | 8.06 | -1.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PAEKX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.50 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.41 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.49 | +0.15 |
Correlation
The correlation between PAEKX and FRAMX is 0.71, 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
PAEKX vs. FRAMX - Dividend Comparison
PAEKX's dividend yield for the trailing twelve months is around 10.50%, more than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAEKX Putnam Retirement Advantage 2050 Fund | 10.50% | 10.09% | 5.96% | 5.08% | 11.27% | 17.66% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
PAEKX vs. FRAMX - Drawdown Comparison
The maximum PAEKX drawdown since its inception was -30.72%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for PAEKX and FRAMX.
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Drawdown Indicators
| PAEKX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.72% | -33.94% | +3.22% |
Max Drawdown (1Y)Largest decline over 1 year | -10.35% | -3.45% | -6.90% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -16.31% | -7.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.31% | — |
Current DrawdownCurrent decline from peak | -7.64% | -3.20% | -4.44% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -3.87% | -1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 0.86% | +1.24% |
Volatility
PAEKX vs. FRAMX - Volatility Comparison
Putnam Retirement Advantage 2050 Fund (PAEKX) has a higher volatility of 4.03% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that PAEKX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAEKX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 1.96% | +2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.83% | 2.86% | +4.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.49% | 4.59% | +9.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.33% | 5.21% | +9.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 4.47% | +12.63% |