PCDLX vs. PGOYX

Last updated Apr 2, 2026

Compare and contrast key facts about Putnam Retirement Advantage 2035 Fund (PCDLX) and Putnam Large Cap Growth Y (PGOYX).

PCDLX is managed by Putnam. It was launched on Dec 30, 2019. PGOYX is managed by Putnam. It was launched on Aug 27, 1999.

Performance

PCDLX vs. PGOYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Retirement Advantage 2035 Fund (PCDLX) and Putnam Large Cap Growth Y (PGOYX). The values are adjusted to include any dividend payments, if applicable.

PCDLX vs. PGOYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PCDLX Putnam Retirement Advantage 2035 Fund	-1.16%	14.56%	10.81%	23.95%	-15.18%	13.08%	14.49%
PGOYX Putnam Large Cap Growth Y	-9.67%	14.56%	33.58%	44.57%	-30.25%	22.95%	36.82%

Returns By Period

In the year-to-date period, PCDLX achieves a -1.16% return, which is significantly higher than PGOYX's -9.67% return.

PCDLX

• 1D: 1.66%
• 1M: -3.16%
• YTD: -1.16%
• 6M: 0.91%
• 1Y: 13.66%
• 3Y*: 13.89%
• 5Y*: 7.63%
• 10Y*: —

PGOYX

• 1D: 3.70%
• 1M: -5.89%
• YTD: -9.67%
• 6M: -9.44%
• 1Y: 14.92%
• 3Y*: 20.52%
• 5Y*: 11.05%
• 10Y*: 16.81%

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

PCDLX vs. PGOYX - Expense Ratio Comparison

PCDLX has a 0.45% expense ratio, which is lower than PGOYX's 0.65% expense ratio.

PGOYX

Putnam Large Cap Growth Y

PCDLX

Putnam Retirement Advantage 2035 Fund

Return for Risk

PCDLX vs. PGOYX — Risk / Return Rank

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

PCDLX

PCDLX Risk / Return Rank: 73
PCDLX Sharpe Ratio Rank: 70
PCDLX Sortino Ratio Rank: 73
PCDLX Omega Ratio Rank: 71
PCDLX Calmar Ratio Rank: 70
PCDLX Martin Ratio Rank: 82

PGOYX

PGOYX Risk / Return Rank: 30
PGOYX Sharpe Ratio Rank: 27
PGOYX Sortino Ratio Rank: 32
PGOYX Omega Ratio Rank: 30
PGOYX Calmar Ratio Rank: 32
PGOYX Martin Ratio Rank: 29

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. PGOYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Retirement Advantage 2035 Fund (PCDLX) and Putnam Large Cap Growth Y (PGOYX). 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	PGOYX	Difference
Sharpe ratio Return per unit of total volatility	1.35	0.71	+0.64
Sortino ratio Return per unit of downside risk	1.97	1.18	+0.79
Omega ratio Gain probability vs. loss probability	1.29	1.17	+0.13
Calmar ratio Return relative to maximum drawdown	1.85	0.98	+0.87
Martin ratio Return relative to average drawdown	9.06	3.34	+5.72
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. PGOYX - Sharpe Ratio Comparison

The current PCDLX Sharpe Ratio is 1.35, which is higher than the PGOYX Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of PCDLX and PGOYX, 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	PGOYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	0.71	+0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.51	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.32	+0.36

Correlation

The correlation between PCDLX and PGOYX is 0.88, 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. PGOYX - Dividend Comparison

PCDLX's dividend yield for the trailing twelve months is around 10.13%, more than PGOYX's 5.79% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PCDLX Putnam Retirement Advantage 2035 Fund	10.13%	10.02%	6.60%	4.41%	8.70%	14.61%	1.71%	0.00%	0.00%	0.00%	0.00%	0.00%
PGOYX Putnam Large Cap Growth Y	5.79%	5.23%	4.25%	0.46%	7.30%	8.55%	3.12%	3.65%	7.92%	2.05%	0.02%	5.78%

Drawdowns

PCDLX vs. PGOYX - Drawdown Comparison

The maximum PCDLX drawdown since its inception was -24.78%, smaller than the maximum PGOYX drawdown of -76.03%. Use the drawdown chart below to compare losses from any high point for PCDLX and PGOYX.

Drawdown Indicators

	PCDLX	PGOYX	Difference
Max Drawdown Largest peak-to-trough decline	-24.78%	-76.03%	+51.25%
Max Drawdown (1Y) Largest decline over 1 year	-7.73%	-16.34%	+8.61%
Max Drawdown (5Y) Largest decline over 5 years	-20.51%	-34.01%	+13.50%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.01%	—
Current Drawdown Current decline from peak	-3.83%	-13.24%	+9.41%
Average Drawdown Average peak-to-trough decline	-4.76%	-31.72%	+26.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.58%	4.78%	-3.20%

Volatility

PCDLX vs. PGOYX - Volatility Comparison

The current volatility for Putnam Retirement Advantage 2035 Fund (PCDLX) is 3.59%, while Putnam Large Cap Growth Y (PGOYX) has a volatility of 6.88%. This indicates that PCDLX experiences smaller price fluctuations and is considered to be less risky than PGOYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCDLX	PGOYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	6.88%	-3.29%
Volatility (6M) Calculated over the trailing 6-month period	5.75%	12.72%	-6.97%
Volatility (1Y) Calculated over the trailing 1-year period	10.44%	22.41%	-11.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.04%	21.68%	-10.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.19%	21.15%	-7.96%