PRMYX vs. URINX

Last updated Aug 1, 2026

PRMYX (Putnam RetirementReady Maturity Fund) and URINX (USAA Target Retirement Income Fund) are both Target Retirement Date funds. Over the past 10 years, PRMYX returned 3.20%/yr vs 5.57%/yr for URINX. Their correlation of 0.81 means they have usually moved in the same direction. PRMYX charges 0.13%/yr vs 0.04%/yr for URINX.

Performance

PRMYX vs. URINX - Performance Comparison

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

Returns By Period

In the year-to-date period, PRMYX achieves a 2.30% return, which is significantly lower than URINX's 5.97% return. Over the past 10 years, PRMYX has underperformed URINX with an annualized return of 3.20%, while URINX has yielded a comparatively higher 5.57% 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%

URINX

• 1D: 0.59%
• 1M: 0.17%
• 6M: 4.23%
• YTD: 5.97%
• 1Y: 11.68%
• 3Y*: 9.68%
• 5Y*: 4.98%
• 10Y*: 5.57%
• ALL TIME*: 6.67%

*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)
PRMYX Putnam RetirementReady Maturity Fund	$0.00	$0.00	$0.00
URINX USAA Target Retirement Income Fund	$0.00	$0.00	$0.00

PRMYX vs. URINX - 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%
URINX USAA Target Retirement Income Fund	5.97%	12.36%	6.66%	10.79%	-10.38%	6.47%	8.74%	11.72%	-3.00%	8.34%

Correlation

The correlation between PRMYX and URINX is 0.94, 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.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.91
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (10Y) Provides a long-term view across more market conditions.	0.81
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012	0.81

The correlation between PRMYX and URINX shifts across timeframes, from 0.81 (10 years) to 0.94 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PRMYX vs. URINX — Risk / Return Rank

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

PRMYX

PRMYX Risk / Return Rank: 42
PRMYX Sharpe Ratio Rank: 40
PRMYX Sortino Ratio Rank: 41
PRMYX Omega Ratio Rank: 38
PRMYX Calmar Ratio Rank: 40
PRMYX Martin Ratio Rank: 48

URINX

URINX Risk / Return Rank: 85
URINX Sharpe Ratio Rank: 85
URINX Sortino Ratio Rank: 84
URINX Omega Ratio Rank: 83
URINX Calmar Ratio Rank: 85
URINX Martin Ratio Rank: 90

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.

PRMYX vs. URINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam RetirementReady Maturity Fund (PRMYX) and USAA Target Retirement Income Fund (URINX). 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	URINX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	2.05	-0.78
Sortino ratio: Return per unit of downside risk	1.87	3.01	-1.14
Omega ratio: Gain probability vs. loss probability	1.23	1.39	-0.16
Calmar ratio: Return relative to maximum drawdown	1.76	2.94	-1.19
Martin ratio: Return relative to average drawdown	7.09	12.40	-5.31

PRMYX vs. URINX - Sharpe Ratio Comparison

The current PRMYX Sharpe Ratio is 1.27, which is lower than the URINX Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of PRMYX and URINX, 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

PRMYX vs. URINX - Drawdown Comparison

The maximum PRMYX drawdown since its inception was -9.74%, smaller than the maximum URINX drawdown of -15.27%. Use the drawdown chart below to compare losses from any high point for PRMYX and URINX.

Drawdown Indicators

	PRMYX	URINX	Difference
Max Drawdown Largest peak-to-trough decline	-9.74%	-15.27%	+5.53%
Max Drawdown (1Y) Largest decline over 1 year	-3.50%	-3.92%	+0.42%
Max Drawdown (3Y) Largest decline over 3 years	-7.35%	-4.84%	-2.51%
Max Drawdown (5Y) Largest decline over 5 years	-9.24%	-15.27%	+6.03%
Max Drawdown (10Y) Largest decline over 10 years	-9.74%	-15.27%	+5.53%
Current Drawdown Current decline from peak	-0.63%	-0.30%	-0.33%
Average Drawdown Average peak-to-trough decline	-1.68%	-1.90%	+0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	0.93%	-0.06%

Volatility

PRMYX vs. URINX - Volatility Comparison

Putnam RetirementReady Maturity Fund (PRMYX) and USAA Target Retirement Income Fund (URINX) have volatilities of 1.44% and 1.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRMYX	URINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.44%	1.44%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	3.88%	4.82%	-0.94%
Volatility (1Y) Calculated over the trailing 1-year period	4.83%	5.64%	-0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.26%	6.37%	-1.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.50%	5.87%	-1.37%

PRMYX vs. URINX - Expense Ratio Comparison

PRMYX has a 0.13% expense ratio, which is higher than URINX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

PRMYX vs. URINX - Dividend Comparison

PRMYX's dividend yield for the trailing twelve months is around 3.41%, less than URINX's 5.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
URINX USAA Target Retirement Income Fund	5.81%	6.07%	4.22%	3.48%	6.63%	6.66%	3.97%	6.37%	6.11%	5.68%	3.34%	4.54%

Frequently Asked Questions

Can I hold both PRMYX and URINX in my portfolio?

With a correlation of 0.94, PRMYX and URINX 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 URINX?

URINX has higher volatility (1.44%) compared to PRMYX (1.44%). In terms of maximum drawdown, PRMYX dropped -9.74% vs URINX's -15.27%.

Which has better risk-adjusted returns?

URINX currently has the higher Sharpe Ratio (2.05 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.