PBAMX vs. FRAMX
Compare and contrast key facts about Putnam Retirement Advantage 2040 Fund (PBAMX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
PBAMX is managed by Putnam. It was launched on Dec 30, 2019. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
PBAMX vs. FRAMX - Performance Comparison
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PBAMX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PBAMX Putnam Retirement Advantage 2040 Fund | -1.32% | 16.68% | 13.83% | 24.49% | -15.93% | 16.47% | 13.78% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 0.18% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 7.92% |
Returns By Period
In the year-to-date period, PBAMX achieves a -1.32% return, which is significantly lower than FRAMX's 0.18% return.
PBAMX
- 1D
- 2.09%
- 1M
- -3.69%
- YTD
- -1.32%
- 6M
- 0.99%
- 1Y
- 15.99%
- 3Y*
- 15.55%
- 5Y*
- 8.63%
- 10Y*
- —
FRAMX
- 1D
- 0.75%
- 1M
- -2.08%
- YTD
- 0.18%
- 6M
- 1.18%
- 1Y
- 7.30%
- 3Y*
- 5.92%
- 5Y*
- 2.18%
- 10Y*
- 3.73%
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PBAMX vs. FRAMX - Expense Ratio Comparison
PBAMX has a 0.45% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
PBAMX vs. FRAMX — Risk / Return Rank
PBAMX
FRAMX
PBAMX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Retirement Advantage 2040 Fund (PBAMX) 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.
| PBAMX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 1.64 | -0.31 |
Sortino ratioReturn per unit of downside risk | 1.93 | 2.30 | -0.37 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.85 | 2.22 | -0.38 |
Martin ratioReturn relative to average drawdown | 9.04 | 8.81 | +0.23 |
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
| PBAMX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 1.64 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.42 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.50 | +0.18 |
Correlation
The correlation between PBAMX and FRAMX is 0.73, 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
PBAMX vs. FRAMX - Dividend Comparison
PBAMX's dividend yield for the trailing twelve months is around 11.67%, more than FRAMX's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBAMX Putnam Retirement Advantage 2040 Fund | 11.67% | 11.51% | 7.46% | 3.34% | 12.96% | 14.65% | 1.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.88% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
PBAMX vs. FRAMX - Drawdown Comparison
The maximum PBAMX drawdown since its inception was -27.57%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for PBAMX and FRAMX.
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Drawdown Indicators
| PBAMX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.57% | -33.94% | +6.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.96% | -3.45% | -5.51% |
Max Drawdown (5Y)Largest decline over 5 years | -21.81% | -16.31% | -5.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.31% | — |
Current DrawdownCurrent decline from peak | -4.43% | -2.47% | -1.96% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -3.86% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 0.87% | +0.96% |
Volatility
PBAMX vs. FRAMX - Volatility Comparison
Putnam Retirement Advantage 2040 Fund (PBAMX) has a higher volatility of 4.25% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 2.14%. This indicates that PBAMX'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
| PBAMX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 2.14% | +2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 6.90% | 2.95% | +3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.42% | 4.64% | +7.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.28% | 5.22% | +7.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.74% | 4.48% | +10.26% |