PCDLX vs. PDAHX

Last updated Apr 1, 2026

Compare and contrast key facts about Putnam Retirement Advantage 2035 Fund (PCDLX) and Prudential Day One Income Fund (PDAHX).

PCDLX is managed by Putnam. It was launched on Dec 30, 2019. PDAHX is managed by PGIM. It was launched on Dec 12, 2016.

Performance

PCDLX vs. PDAHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Retirement Advantage 2035 Fund (PCDLX) and Prudential Day One Income Fund (PDAHX). The values are adjusted to include any dividend payments, if applicable.

PCDLX vs. PDAHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PCDLX Putnam Retirement Advantage 2035 Fund	-2.77%	14.56%	10.81%	23.95%	-15.18%	13.08%	14.49%
PDAHX Prudential Day One Income Fund	0.08%	10.37%	8.27%	8.89%	-11.69%	9.21%	7.92%

Returns By Period

In the year-to-date period, PCDLX achieves a -2.77% return, which is significantly lower than PDAHX's 0.08% return.

PCDLX

• 1D: 0.00%
• 1M: -4.98%
• YTD: -2.77%
• 6M: -0.57%
• 1Y: 12.22%
• 3Y*: 13.27%
• 5Y*: 7.50%
• 10Y*: —

PDAHX

• 1D: 0.29%
• 1M: -3.23%
• YTD: 0.08%
• 6M: 1.35%
• 1Y: 8.21%
• 3Y*: 8.03%
• 5Y*: 4.47%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PCDLX vs. PDAHX - Expense Ratio Comparison

PCDLX has a 0.45% expense ratio, which is higher than PDAHX's 0.16% expense ratio.

PCDLX

Putnam Retirement Advantage 2035 Fund

PDAHX

Prudential Day One Income Fund

Return for Risk

PCDLX vs. PDAHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PCDLX

PCDLX Risk / Return Rank: 69
PCDLX Sharpe Ratio Rank: 68
PCDLX Sortino Ratio Rank: 70
PCDLX Omega Ratio Rank: 69
PCDLX Calmar Ratio Rank: 63
PCDLX Martin Ratio Rank: 76

PDAHX

PDAHX Risk / Return Rank: 81
PDAHX Sharpe Ratio Rank: 80
PDAHX Sortino Ratio Rank: 81
PDAHX Omega Ratio Rank: 80
PDAHX Calmar Ratio Rank: 77
PDAHX Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PCDLX vs. PDAHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Retirement Advantage 2035 Fund (PCDLX) and Prudential Day One Income Fund (PDAHX). 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.

	PCDLX	PDAHX	Difference
Sharpe ratio Return per unit of total volatility	1.21	1.49	-0.28
Sortino ratio Return per unit of downside risk	1.76	2.07	-0.31
Omega ratio Gain probability vs. loss probability	1.26	1.31	-0.05
Calmar ratio Return relative to maximum drawdown	1.47	1.83	-0.36
Martin ratio Return relative to average drawdown	7.30	8.89	-1.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PCDLX vs. PDAHX - Sharpe Ratio Comparison

The current PCDLX Sharpe Ratio is 1.21, which is comparable to the PDAHX Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of PCDLX and PDAHX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PCDLX	PDAHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.21	1.49	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.69	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.84	-0.18

Correlation

The correlation between PCDLX and PDAHX is 0.86, 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

PCDLX vs. PDAHX - Dividend Comparison

PCDLX's dividend yield for the trailing twelve months is around 10.30%, more than PDAHX's 4.85% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
PCDLX Putnam Retirement Advantage 2035 Fund	10.30%	10.02%	6.60%	4.41%	8.70%	14.61%	1.71%	0.00%	0.00%	0.00%
PDAHX Prudential Day One Income Fund	4.85%	4.92%	7.35%	3.54%	7.78%	7.72%	2.22%	4.25%	3.70%	1.88%

Drawdowns

PCDLX vs. PDAHX - Drawdown Comparison

The maximum PCDLX drawdown since its inception was -24.78%, which is greater than PDAHX's maximum drawdown of -15.65%. Use the drawdown chart below to compare losses from any high point for PCDLX and PDAHX.

Drawdown Indicators

	PCDLX	PDAHX	Difference
Max Drawdown Largest peak-to-trough decline	-24.78%	-15.65%	-9.13%
Max Drawdown (1Y) Largest decline over 1 year	-7.73%	-4.60%	-3.13%
Max Drawdown (5Y) Largest decline over 5 years	-20.51%	-15.65%	-4.86%
Current Drawdown Current decline from peak	-5.40%	-3.23%	-2.17%
Average Drawdown Average peak-to-trough decline	-4.76%	-2.71%	-2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	0.95%	+0.61%

Volatility

PCDLX vs. PDAHX - Volatility Comparison

Putnam Retirement Advantage 2035 Fund (PCDLX) has a higher volatility of 3.06% compared to Prudential Day One Income Fund (PDAHX) at 1.87%. This indicates that PCDLX's price experiences larger fluctuations and is considered to be riskier than PDAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCDLX	PDAHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	1.87%	+1.19%
Volatility (6M) Calculated over the trailing 6-month period	5.52%	3.13%	+2.39%
Volatility (1Y) Calculated over the trailing 1-year period	10.34%	5.78%	+4.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.02%	6.53%	+4.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.17%	6.40%	+6.77%