PCDLX vs. PMYYX

Last updated Apr 1, 2026

Compare and contrast key facts about Putnam Retirement Advantage 2035 Fund (PCDLX) and Putnam Multi-Cap Core Fund (PMYYX).

PCDLX is managed by Putnam. It was launched on Dec 30, 2019. PMYYX is managed by Putnam. It was launched on Sep 24, 2010.

Performance

PCDLX vs. PMYYX - Performance Comparison

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

PCDLX vs. PMYYX - 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%
PMYYX Putnam Multi-Cap Core Fund	-7.83%	17.33%	26.46%	27.98%	-15.94%	30.93%	16.66%

Returns By Period

In the year-to-date period, PCDLX achieves a -2.77% return, which is significantly higher than PMYYX's -7.83% return.

PCDLX

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

PMYYX

• 1D: -0.22%
• 1M: -7.86%
• YTD: -7.83%
• 6M: -4.48%
• 1Y: 13.59%
• 3Y*: 18.00%
• 5Y*: 11.50%
• 10Y*: 14.69%

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

PCDLX vs. PMYYX - Expense Ratio Comparison

PCDLX has a 0.45% expense ratio, which is lower than PMYYX's 0.71% expense ratio.

PMYYX

Putnam Multi-Cap Core Fund

PCDLX

Putnam Retirement Advantage 2035 Fund

Return for Risk

PCDLX vs. PMYYX — 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

PMYYX

PMYYX Risk / Return Rank: 39
PMYYX Sharpe Ratio Rank: 37
PMYYX Sortino Ratio Rank: 39
PMYYX Omega Ratio Rank: 43
PMYYX Calmar Ratio Rank: 37
PMYYX Martin Ratio Rank: 42

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. PMYYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Retirement Advantage 2035 Fund (PCDLX) and Putnam Multi-Cap Core Fund (PMYYX). 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	PMYYX	Difference
Sharpe ratio Return per unit of total volatility	1.21	0.79	+0.42
Sortino ratio Return per unit of downside risk	1.76	1.22	+0.54
Omega ratio Gain probability vs. loss probability	1.26	1.18	+0.08
Calmar ratio Return relative to maximum drawdown	1.47	0.97	+0.51
Martin ratio Return relative to average drawdown	7.30	4.27	+3.03
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. PMYYX - Sharpe Ratio Comparison

The current PCDLX Sharpe Ratio is 1.21, which is higher than the PMYYX Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of PCDLX and PMYYX, 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	PMYYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.21	0.79	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.69	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.86	-0.20

Correlation

The correlation between PCDLX and PMYYX is 0.95, 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. PMYYX - Dividend Comparison

PCDLX's dividend yield for the trailing twelve months is around 10.30%, more than PMYYX's 3.00% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
PMYYX Putnam Multi-Cap Core Fund	3.00%	2.76%	4.47%	2.62%	5.26%	9.25%	2.41%	4.76%	2.36%	2.71%	1.21%	1.26%

Drawdowns

PCDLX vs. PMYYX - Drawdown Comparison

The maximum PCDLX drawdown since its inception was -24.78%, smaller than the maximum PMYYX drawdown of -35.25%. Use the drawdown chart below to compare losses from any high point for PCDLX and PMYYX.

Drawdown Indicators

	PCDLX	PMYYX	Difference
Max Drawdown Largest peak-to-trough decline	-24.78%	-35.25%	+10.47%
Max Drawdown (1Y) Largest decline over 1 year	-7.73%	-12.27%	+4.54%
Max Drawdown (5Y) Largest decline over 5 years	-20.51%	-23.52%	+3.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.25%	—
Current Drawdown Current decline from peak	-5.40%	-10.02%	+4.62%
Average Drawdown Average peak-to-trough decline	-4.76%	-4.16%	-0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	2.78%	-1.22%

Volatility

PCDLX vs. PMYYX - Volatility Comparison

The current volatility for Putnam Retirement Advantage 2035 Fund (PCDLX) is 3.06%, while Putnam Multi-Cap Core Fund (PMYYX) has a volatility of 4.27%. This indicates that PCDLX experiences smaller price fluctuations and is considered to be less risky than PMYYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCDLX	PMYYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	4.27%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	5.52%	9.04%	-3.52%
Volatility (1Y) Calculated over the trailing 1-year period	10.34%	18.08%	-7.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.02%	16.79%	-5.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.17%	18.37%	-5.20%