PRMYX vs. PEYAX
PRMYX (Putnam RetirementReady Maturity Fund) and PEYAX (Putnam Large Cap Value Fund) are both mutual funds - PRMYX is a Target Retirement Date fund managed by Putnam, while PEYAX is a Large Cap Value Equities fund managed by Putnam. Over the past 10 years, PRMYX returned 3.20%/yr vs 13.34%/yr for PEYAX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. PRMYX charges 0.13%/yr vs 0.90%/yr for PEYAX.
Performance
PRMYX vs. PEYAX - Performance Comparison
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Returns By Period
In the year-to-date period, PRMYX achieves a 2.30% return, which is significantly lower than PEYAX's 14.98% return. Over the past 10 years, PRMYX has underperformed PEYAX with an annualized return of 3.20%, while PEYAX has yielded a comparatively higher 13.34% annualized return.
PRMYX
- 1D
- 0.58%
- 1M
- -0.23%
- 6M
- 2.28%
- YTD
- 2.30%
- 1Y
- 6.12%
- 3Y*
- 7.35%
- 5Y*
- 4.08%
- 10Y*
- 3.20%
- ALL TIME*
- 3.28%
PEYAX
- 1D
- 1.26%
- 1M
- 2.62%
- 6M
- 11.16%
- YTD
- 14.98%
- 1Y
- 29.59%
- 3Y*
- 19.51%
- 5Y*
- 13.00%
- 10Y*
- 13.34%
- ALL TIME*
- 6.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PRMYX vs. PEYAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRMYX Putnam RetirementReady Maturity Fund | 2.30% | 8.38% | 6.31% | 9.82% | -4.22% | 0.02% | 1.29% | 8.54% | -5.19% | 5.10% |
PEYAX Putnam Large Cap Value Fund | 14.98% | 20.09% | 18.99% | 15.09% | -8.37% | 26.84% | 5.87% | 29.94% | -8.63% | 18.79% |
Correlation
The correlation between PRMYX and PEYAX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.67 |
The correlation between PRMYX and PEYAX has been stable across timeframes, ranging from 0.62 to 0.72 - a consistent structural relationship.
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Return for Risk
PRMYX vs. PEYAX — Risk / Return Rank
PRMYX
PEYAX
PRMYX vs. PEYAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam RetirementReady Maturity Fund (PRMYX) and Putnam Large Cap Value Fund (PEYAX). 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.
| PRMYX | PEYAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.45 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 3.77 | -2.01 |
| Martin ratioReturn relative to average drawdown | 7.09 | 14.94 | -7.85 |
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Drawdowns
PRMYX vs. PEYAX - Drawdown Comparison
The maximum PRMYX drawdown since its inception was -9.74%, smaller than the maximum PEYAX drawdown of -56.92%. Use the drawdown chart below to compare losses from any high point for PRMYX and PEYAX.
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Drawdown Indicators
| PRMYX | PEYAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.74% | -56.92% | +47.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.50% | -7.23% | +3.73% |
Max Drawdown (3Y)Largest decline over 3 years | -7.35% | -15.12% | +7.77% |
Max Drawdown (5Y)Largest decline over 5 years | -9.24% | -15.31% | +6.07% |
Max Drawdown (10Y)Largest decline over 10 years | -9.74% | -36.06% | +26.32% |
Current DrawdownCurrent decline from peak | -0.63% | 0.00% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -1.68% | -14.01% | +12.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 1.83% | -0.96% |
Volatility
PRMYX vs. PEYAX - Volatility Comparison
The current volatility for Putnam RetirementReady Maturity Fund (PRMYX) is 1.44%, while Putnam Large Cap Value Fund (PEYAX) has a volatility of 3.08%. This indicates that PRMYX experiences smaller price fluctuations and is considered to be less risky than PEYAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRMYX | PEYAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 3.08% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 3.88% | 8.43% | -4.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.83% | 11.04% | -6.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.26% | 14.67% | -9.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.50% | 17.01% | -12.51% |
PRMYX vs. PEYAX - Expense Ratio Comparison
PRMYX has a 0.13% expense ratio, which is lower than PEYAX's 0.90% expense ratio.
Dividends
PRMYX vs. PEYAX - Dividend Comparison
PRMYX's dividend yield for the trailing twelve months is around 3.41%, less than PEYAX's 4.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEYAX Putnam Large Cap Value Fund | 4.58% | 5.36% | 6.80% | 4.93% | 1.21% | 7.09% | 5.97% | 3.79% | 5.67% | 3.31% | 2.27% | 5.86% |
PRMYX Putnam RetirementReady Maturity Fund | 3.41% | 3.30% | 3.15% | 3.62% | 7.46% | 2.47% | 2.17% | 2.97% | 1.73% | 0.55% | 1.53% | 3.90% |
Frequently Asked Questions
PRMYX and PEYAX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEYAX has higher volatility (3.08%) compared to PRMYX (1.44%). In terms of maximum drawdown, PRMYX dropped -9.74% vs PEYAX's -56.92%.
PEYAX currently has the higher Sharpe Ratio (2.47 vs 1.27), 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.
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