PDIZX vs. PNOPX

Last updated Aug 1, 2026

PDIZX (Putnam Retirement Advantage 2030 Fund) and PNOPX (Putnam Sustainable Leaders Fund) are both mutual funds - PDIZX is a Target Retirement Date fund managed by Putnam, while PNOPX is a Large Cap Growth Equities fund managed by Putnam. Over the past 5 years, PDIZX returned 5.62%/yr vs 7.56%/yr for PNOPX. Their correlation of 0.90 means they have usually moved in the same direction. PDIZX charges 0.45%/yr vs 0.99%/yr for PNOPX.

Performance

PDIZX vs. PNOPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Retirement Advantage 2030 Fund (PDIZX) and Putnam Sustainable Leaders Fund (PNOPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PDIZX achieves a 3.96% return, which is significantly higher than PNOPX's 3.34% return.

PDIZX

• 1D: 0.62%
• 1M: -0.53%
• 6M: 2.83%
• YTD: 3.96%
• 1Y: 10.04%
• 3Y*: 11.16%
• 5Y*: 5.62%
• 10Y*: —
• ALL TIME*: 7.47%

PNOPX

• 1D: 1.96%
• 1M: -0.13%
• 6M: 4.91%
• YTD: 3.34%
• 1Y: 13.77%
• 3Y*: 14.75%
• 5Y*: 7.56%
• 10Y*: 14.51%
• ALL TIME*: 11.98%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PDIZX Putnam Retirement Advantage 2030 Fund	$0.00	$0.00	$0.00
PNOPX Putnam Sustainable Leaders Fund	$0.00	$0.00	$0.00

PDIZX vs. PNOPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PDIZX Putnam Retirement Advantage 2030 Fund	3.96%	11.93%	8.54%	18.82%	-14.27%	12.07%	11.36%
PNOPX Putnam Sustainable Leaders Fund	3.34%	10.93%	22.97%	26.23%	-22.86%	23.44%	28.57%

Correlation

The correlation between PDIZX and PNOPX is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020	0.90

The correlation between PDIZX and PNOPX has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.

Return for Risk

PDIZX vs. PNOPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PDIZX

PDIZX Risk / Return Rank: 75
PDIZX Sharpe Ratio Rank: 72
PDIZX Sortino Ratio Rank: 72
PDIZX Omega Ratio Rank: 71
PDIZX Calmar Ratio Rank: 76
PDIZX Martin Ratio Rank: 85

PNOPX

PNOPX Risk / Return Rank: 22
PNOPX Sharpe Ratio Rank: 24
PNOPX Sortino Ratio Rank: 23
PNOPX Omega Ratio Rank: 23
PNOPX Calmar Ratio Rank: 18
PNOPX Martin Ratio Rank: 23

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PDIZX vs. PNOPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Retirement Advantage 2030 Fund (PDIZX) and Putnam Sustainable Leaders Fund (PNOPX). 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.

	PDIZX	PNOPX	Difference
Sharpe ratio: Return per unit of total volatility	1.72	0.81	+0.91
Sortino ratio: Return per unit of downside risk	2.49	1.20	+1.29
Omega ratio: Gain probability vs. loss probability	1.32	1.15	+0.17
Calmar ratio: Return relative to maximum drawdown	2.52	0.84	+1.68
Martin ratio: Return relative to average drawdown	10.89	3.09	+7.80

PDIZX vs. PNOPX - Sharpe Ratio Comparison

The current PDIZX Sharpe Ratio is 1.72, which is higher than the PNOPX Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of PDIZX and PNOPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PDIZX vs. PNOPX - Drawdown Comparison

The maximum PDIZX drawdown since its inception was -21.03%, smaller than the maximum PNOPX drawdown of -74.15%. Use the drawdown chart below to compare losses from any high point for PDIZX and PNOPX.

Drawdown Indicators

	PDIZX	PNOPX	Difference
Max Drawdown Largest peak-to-trough decline	-21.03%	-74.15%	+53.12%
Max Drawdown (1Y) Largest decline over 1 year	-3.96%	-13.06%	+9.10%
Max Drawdown (3Y) Largest decline over 3 years	-7.31%	-22.90%	+15.59%
Max Drawdown (5Y) Largest decline over 5 years	-18.97%	-29.13%	+10.16%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.29%	—
Current Drawdown Current decline from peak	-0.88%	-1.54%	+0.66%
Average Drawdown Average peak-to-trough decline	-4.24%	-23.93%	+19.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	3.56%	-2.64%

Volatility

PDIZX vs. PNOPX - Volatility Comparison

The current volatility for Putnam Retirement Advantage 2030 Fund (PDIZX) is 1.74%, while Putnam Sustainable Leaders Fund (PNOPX) has a volatility of 3.83%. This indicates that PDIZX experiences smaller price fluctuations and is considered to be less risky than PNOPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDIZX	PNOPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.74%	3.83%	-2.09%
Volatility (6M) Calculated over the trailing 6-month period	4.78%	10.79%	-6.01%
Volatility (1Y) Calculated over the trailing 1-year period	5.80%	13.56%	-7.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.64%	17.52%	-8.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.39%	18.15%	-7.76%

PDIZX vs. PNOPX - Expense Ratio Comparison

PDIZX has a 0.45% expense ratio, which is lower than PNOPX's 0.99% expense ratio.

Dividends

PDIZX vs. PNOPX - Dividend Comparison

PDIZX's dividend yield for the trailing twelve months is around 7.34%, less than PNOPX's 10.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PDIZX Putnam Retirement Advantage 2030 Fund	7.34%	7.63%	4.91%	3.15%	7.76%	12.48%	1.28%	0.00%	0.00%	0.00%	0.00%	0.00%
PNOPX Putnam Sustainable Leaders Fund	10.85%	11.22%	9.25%	2.96%	8.38%	11.69%	7.41%	7.14%	20.24%	4.91%	0.00%	12.64%

Frequently Asked Questions

Can I hold both PDIZX and PNOPX in my portfolio?

With a correlation of 0.90, PDIZX and PNOPX 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.

Which is riskier, PDIZX or PNOPX?

PNOPX has higher volatility (3.83%) compared to PDIZX (1.74%). In terms of maximum drawdown, PDIZX dropped -21.03% vs PNOPX's -74.15%.

Which has better risk-adjusted returns?

PDIZX currently has the higher Sharpe Ratio (1.72 vs 0.81), 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.