PAKRX vs. PRRTX
PAKRX (T. Rowe Price Target 2030 Fund) and PRRTX (Putnam RetirementReady 2030 Fund) are both Target Retirement Date funds. Over the past 10 years, PAKRX returned 7.68%/yr vs 6.03%/yr for PRRTX. Their correlation of 0.92 suggests significant overlap in exposure. PAKRX charges 0.81%/yr vs 0.11%/yr for PRRTX.
Performance
PAKRX vs. PRRTX - Performance Comparison
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Returns By Period
In the year-to-date period, PAKRX achieves a 6.20% return, which is significantly higher than PRRTX's 2.83% return. Over the past 10 years, PAKRX has outperformed PRRTX with an annualized return of 7.68%, while PRRTX has yielded a comparatively lower 6.03% annualized return.
PAKRX
- 1D
- 0.19%
- 1M
- 0.00%
- 6M
- 5.78%
- YTD
- 6.20%
- 1Y
- 12.12%
- 3Y*
- 11.23%
- 5Y*
- 5.12%
- 10Y*
- 7.68%
PRRTX
- 1D
- 0.04%
- 1M
- 0.11%
- 6M
- 2.67%
- YTD
- 2.83%
- 1Y
- 7.20%
- 3Y*
- 9.04%
- 5Y*
- 4.98%
- 10Y*
- 6.03%
PAKRX vs. PRRTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAKRX T. Rowe Price Target 2030 Fund | 6.20% | 12.52% | 9.22% | 13.85% | -15.44% | 11.09% | 13.88% | 19.12% | -5.51% | 14.63% |
PRRTX Putnam RetirementReady 2030 Fund | 2.83% | 8.59% | 6.18% | 15.42% | -7.91% | 6.89% | 5.46% | 13.40% | -6.22% | 13.50% |
Correlation
The correlation between PAKRX and PRRTX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2013 | 0.92 |
The correlation between PAKRX and PRRTX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
PAKRX vs. PRRTX — Risk / Return Rank
PAKRX
PRRTX
PAKRX vs. PRRTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Target 2030 Fund (PAKRX) and Putnam RetirementReady 2030 Fund (PRRTX). 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.
| PAKRX | PRRTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.24 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 1.83 | +0.44 |
| Martin ratioReturn relative to average drawdown | 9.74 | 7.44 | +2.30 |
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Drawdowns
PAKRX vs. PRRTX - Drawdown Comparison
The maximum PAKRX drawdown since its inception was -24.66%, which is greater than PRRTX's maximum drawdown of -16.59%. Use the drawdown chart below to compare losses from any high point for PAKRX and PRRTX.
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Drawdown Indicators
| PAKRX | PRRTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.66% | -16.59% | -8.07% |
Max Drawdown (1Y)Largest decline over 1 year | -5.65% | -4.07% | -1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -8.91% | -9.20% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | -11.71% | -9.94% |
Max Drawdown (10Y)Largest decline over 10 years | -24.66% | -16.59% | -8.07% |
Current DrawdownCurrent decline from peak | -0.44% | -0.37% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -2.26% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.00% | +0.30% |
Volatility
PAKRX vs. PRRTX - Volatility Comparison
T. Rowe Price Target 2030 Fund (PAKRX) has a higher volatility of 2.90% compared to Putnam RetirementReady 2030 Fund (PRRTX) at 2.27%. This indicates that PAKRX's price experiences larger fluctuations and is considered to be riskier than PRRTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAKRX | PRRTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 2.27% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 6.12% | 4.51% | +1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.33% | 5.58% | +1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.28% | 7.18% | +2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.89% | 7.24% | +2.65% |
PAKRX vs. PRRTX - Expense Ratio Comparison
PAKRX has a 0.81% expense ratio, which is higher than PRRTX's 0.11% expense ratio.
Dividends
PAKRX vs. PRRTX - Dividend Comparison
PAKRX's dividend yield for the trailing twelve months is around 6.74%, more than PRRTX's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAKRX T. Rowe Price Target 2030 Fund | 6.74% | 7.16% | 4.31% | 3.54% | 6.16% | 3.54% | 2.99% | 3.62% | 5.26% | 1.90% | 1.79% | 1.76% |
PRRTX Putnam RetirementReady 2030 Fund | 2.08% | 2.14% | 2.57% | 2.66% | 10.69% | 8.38% | 1.54% | 3.76% | 7.57% | 2.95% | 0.73% | 2.72% |
Frequently Asked Questions
With a correlation of 0.91, PAKRX and PRRTX 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.
PAKRX has higher volatility (2.90%) compared to PRRTX (2.27%). In terms of maximum drawdown, PAKRX dropped -24.66% vs PRRTX's -16.59%.
PAKRX currently has the higher Sharpe Ratio (1.75 vs 1.34), 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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