PRMYX vs. SSBRX

Last updated Jun 6, 2026

PRMYX (Putnam RetirementReady Maturity Fund) and SSBRX (State Street Target Retirement 2025 Fund) are both Target Retirement Date funds. Over the past 10 years, PRMYX returned 3.39%/yr vs 7.88%/yr for SSBRX. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.13% expense ratio.

Performance

PRMYX vs. SSBRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam RetirementReady Maturity Fund (PRMYX) and State Street Target Retirement 2025 Fund (SSBRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRMYX achieves a 2.79% return, which is significantly lower than SSBRX's 6.50% return. Over the past 10 years, PRMYX has underperformed SSBRX with an annualized return of 3.39%, while SSBRX has yielded a comparatively higher 7.88% annualized return.

PRMYX

• 1D: 0.23%
• 1M: 0.96%
• YTD: 2.79%
• 6M: 2.83%
• 1Y: 8.90%
• 3Y*: 8.16%
• 5Y*: 4.09%
• 10Y*: 3.39%

SSBRX

• 1D: 0.07%
• 1M: 0.60%
• YTD: 6.50%
• 6M: 6.67%
• 1Y: 15.39%
• 3Y*: 11.95%
• 5Y*: 5.32%
• 10Y*: 7.88%

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

PRMYX vs. SSBRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRMYX Putnam RetirementReady Maturity Fund	2.79%	8.38%	6.31%	9.82%	-4.22%	0.02%	1.29%	8.54%	-5.19%	5.10%
SSBRX State Street Target Retirement 2025 Fund	6.50%	12.93%	8.73%	13.61%	-15.51%	10.03%	14.68%	20.73%	-5.47%	14.32%

Correlation

The correlation between PRMYX and SSBRX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Oct 2, 2014	0.79

The correlation between PRMYX and SSBRX shifts across timeframes, from 0.78 (10 years) to 0.90 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PRMYX vs. SSBRX — Risk / Return Rank

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

PRMYX

PRMYX Risk / Return Rank: 48
PRMYX Sharpe Ratio Rank: 46
PRMYX Sortino Ratio Rank: 49
PRMYX Omega Ratio Rank: 46
PRMYX Calmar Ratio Rank: 46
PRMYX Martin Ratio Rank: 53

SSBRX

SSBRX Risk / Return Rank: 84
SSBRX Sharpe Ratio Rank: 87
SSBRX Sortino Ratio Rank: 85
SSBRX Omega Ratio Rank: 83
SSBRX Calmar Ratio Rank: 79
SSBRX Martin Ratio Rank: 86

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.

PRMYX vs. SSBRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam RetirementReady Maturity Fund (PRMYX) and State Street Target Retirement 2025 Fund (SSBRX). 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.

	PRMYX	SSBRX	Difference
Sharpe ratio: Return per unit of total volatility	1.92	2.79	-0.87
Sortino ratio: Return per unit of downside risk	2.86	4.05	-1.18
Omega ratio: Gain probability vs. loss probability	1.36	1.55	-0.20
Calmar ratio: Return relative to maximum drawdown	2.50	3.44	-0.94
Martin ratio: Return relative to average drawdown	10.37	15.67	-5.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRMYX vs. SSBRX - Sharpe Ratio Comparison

The current PRMYX Sharpe Ratio is 1.92, which is lower than the SSBRX Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of PRMYX and SSBRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PRMYX	SSBRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	2.79	-0.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.61	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.81	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.74	+0.09

Drawdowns

PRMYX vs. SSBRX - Drawdown Comparison

The maximum PRMYX drawdown since its inception was -9.74%, smaller than the maximum SSBRX drawdown of -21.96%. Use the drawdown chart below to compare losses from any high point for PRMYX and SSBRX.

Drawdown Indicators

	PRMYX	SSBRX	Difference
Max Drawdown Largest peak-to-trough decline	-9.74%	-21.96%	+12.22%
Max Drawdown (1Y) Largest decline over 1 year	-3.50%	-4.44%	+0.94%
Max Drawdown (3Y) Largest decline over 3 years	-7.35%	-7.48%	+0.13%
Max Drawdown (5Y) Largest decline over 5 years	-9.24%	-21.13%	+11.89%
Max Drawdown (10Y) Largest decline over 10 years	-9.74%	-21.96%	+12.22%
Current Drawdown Current decline from peak	-0.06%	-0.22%	+0.16%
Average Drawdown Average peak-to-trough decline	-1.70%	-3.72%	+2.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	0.97%	-0.13%

Volatility

PRMYX vs. SSBRX - Volatility Comparison

The current volatility for Putnam RetirementReady Maturity Fund (PRMYX) is 1.42%, while State Street Target Retirement 2025 Fund (SSBRX) has a volatility of 1.74%. This indicates that PRMYX experiences smaller price fluctuations and is considered to be less risky than SSBRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRMYX	SSBRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.42%	1.74%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	3.52%	4.36%	-0.84%
Volatility (1Y) Calculated over the trailing 1-year period	4.58%	5.49%	-0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.19%	8.83%	-3.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.46%	9.82%	-5.36%

PRMYX vs. SSBRX - Expense Ratio Comparison

Both PRMYX and SSBRX have an expense ratio of 0.13%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

PRMYX vs. SSBRX - Dividend Comparison

PRMYX's dividend yield for the trailing twelve months is around 3.65%, less than SSBRX's 5.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRMYX Putnam RetirementReady Maturity Fund	3.65%	3.30%	3.15%	3.62%	7.46%	2.47%	2.17%	2.97%	1.73%	0.55%	1.53%	3.90%
SSBRX State Street Target Retirement 2025 Fund	5.70%	6.07%	6.67%	4.60%	6.60%	6.44%	4.74%	6.58%	5.35%	0.60%	1.84%	2.38%

Frequently Asked Questions

Can I hold both PRMYX and SSBRX in my portfolio?

With a correlation of 0.90, PRMYX and SSBRX 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, PRMYX or SSBRX?

SSBRX has higher volatility (1.74%) compared to PRMYX (1.42%). In terms of maximum drawdown, PRMYX dropped -9.74% vs SSBRX's -21.96%.

Which has better risk-adjusted returns?

SSBRX currently has the higher Sharpe Ratio (2.79 vs 1.92), 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.