PAEKX vs. FRIMX
Compare and contrast key facts about Putnam Retirement Advantage 2050 Fund (PAEKX) and Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX).
PAEKX is managed by Putnam. It was launched on Dec 30, 2019. FRIMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
PAEKX vs. FRIMX - Performance Comparison
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PAEKX vs. FRIMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PAEKX Putnam Retirement Advantage 2050 Fund | -1.48% | 18.99% | 13.81% | 29.68% | -17.07% | 18.57% | 15.16% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 0.24% | 9.94% | 4.30% | 8.06% | -11.66% | 2.78% | 8.18% |
Returns By Period
In the year-to-date period, PAEKX achieves a -1.48% return, which is significantly lower than FRIMX's 0.24% return.
PAEKX
- 1D
- 2.47%
- 1M
- -4.45%
- YTD
- -1.48%
- 6M
- 1.03%
- 1Y
- 18.61%
- 3Y*
- 17.53%
- 5Y*
- 9.86%
- 10Y*
- —
FRIMX
- 1D
- 0.75%
- 1M
- -2.07%
- YTD
- 0.24%
- 6M
- 1.30%
- 1Y
- 7.57%
- 3Y*
- 6.23%
- 5Y*
- 2.46%
- 10Y*
- 4.00%
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PAEKX vs. FRIMX - Expense Ratio Comparison
Both PAEKX and FRIMX have an expense ratio of 0.45%.
Return for Risk
PAEKX vs. FRIMX — Risk / Return Rank
PAEKX
FRIMX
PAEKX vs. FRIMX - 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 I (FRIMX). 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 | FRIMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 1.70 | -0.39 |
Sortino ratioReturn per unit of downside risk | 1.91 | 2.38 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.34 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.31 | -0.45 |
Martin ratioReturn relative to average drawdown | 9.05 | 9.18 | -0.13 |
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 | FRIMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.70 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.47 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.53 | +0.13 |
Correlation
The correlation between PAEKX and FRIMX 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. FRIMX - Dividend Comparison
PAEKX's dividend yield for the trailing twelve months is around 10.24%, more than FRIMX's 3.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAEKX Putnam Retirement Advantage 2050 Fund | 10.24% | 10.09% | 5.96% | 5.08% | 11.27% | 17.66% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.13% | 3.11% | 3.01% | 2.82% | 4.52% | 3.54% | 2.41% | 2.56% | 4.67% | 8.56% | 1.67% | 1.68% |
Drawdowns
PAEKX vs. FRIMX - Drawdown Comparison
The maximum PAEKX drawdown since its inception was -30.72%, smaller than the maximum FRIMX drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for PAEKX and FRIMX.
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Drawdown Indicators
| PAEKX | FRIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.72% | -33.73% | +3.01% |
Max Drawdown (1Y)Largest decline over 1 year | -10.35% | -3.44% | -6.91% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -16.12% | -7.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.12% | — |
Current DrawdownCurrent decline from peak | -5.35% | -2.46% | -2.89% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -3.74% | -1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 0.86% | +1.27% |
Volatility
PAEKX vs. FRIMX - Volatility Comparison
Putnam Retirement Advantage 2050 Fund (PAEKX) has a higher volatility of 4.90% compared to Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) at 2.13%. This indicates that PAEKX's price experiences larger fluctuations and is considered to be riskier than FRIMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAEKX | FRIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 2.13% | +2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 8.20% | 2.95% | +5.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.66% | 4.64% | +10.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.37% | 5.23% | +9.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 4.48% | +12.64% |