PRRTX vs. FRAMX
Compare and contrast key facts about Putnam RetirementReady 2030 Fund (PRRTX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
PRRTX is managed by Putnam. It was launched on Oct 31, 2004. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
PRRTX vs. FRAMX - Performance Comparison
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PRRTX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRRTX Putnam RetirementReady 2030 Fund | -3.20% | 8.59% | 6.18% | 15.42% | -7.91% | 6.89% | 5.46% | 13.40% | -6.22% | 13.50% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, PRRTX achieves a -3.20% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, PRRTX has outperformed FRAMX with an annualized return of 5.54%, while FRAMX has yielded a comparatively lower 3.65% annualized return.
PRRTX
- 1D
- 0.12%
- 1M
- -3.49%
- YTD
- -3.20%
- 6M
- -1.77%
- 1Y
- 6.05%
- 3Y*
- 7.68%
- 5Y*
- 4.59%
- 10Y*
- 5.54%
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
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PRRTX vs. FRAMX - Expense Ratio Comparison
PRRTX has a 0.11% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
PRRTX vs. FRAMX — Risk / Return Rank
PRRTX
FRAMX
PRRTX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam RetirementReady 2030 Fund (PRRTX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| PRRTX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 1.50 | -0.55 |
Sortino ratioReturn per unit of downside risk | 1.32 | 2.09 | -0.77 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.30 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.99 | 2.00 | -1.01 |
Martin ratioReturn relative to average drawdown | 4.57 | 8.06 | -3.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRRTX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 1.50 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.41 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.82 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.49 | +0.35 |
Correlation
The correlation between PRRTX and FRAMX is 0.86, 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
PRRTX vs. FRAMX - Dividend Comparison
PRRTX's dividend yield for the trailing twelve months is around 2.21%, less than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRRTX Putnam RetirementReady 2030 Fund | 2.21% | 2.14% | 2.57% | 2.66% | 10.69% | 8.38% | 1.54% | 3.76% | 7.57% | 2.95% | 0.73% | 2.72% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
PRRTX vs. FRAMX - Drawdown Comparison
The maximum PRRTX drawdown since its inception was -16.59%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for PRRTX and FRAMX.
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Drawdown Indicators
| PRRTX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.59% | -33.94% | +17.35% |
Max Drawdown (1Y)Largest decline over 1 year | -5.78% | -3.45% | -2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -11.71% | -16.31% | +4.60% |
Max Drawdown (10Y)Largest decline over 10 years | -16.59% | -16.31% | -0.28% |
Current DrawdownCurrent decline from peak | -3.96% | -3.20% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -3.87% | +1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 0.86% | +0.39% |
Volatility
PRRTX vs. FRAMX - Volatility Comparison
Putnam RetirementReady 2030 Fund (PRRTX) has a higher volatility of 2.09% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that PRRTX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRRTX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 1.96% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 2.86% | +0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.60% | 4.59% | +2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.11% | 5.21% | +1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.28% | 4.47% | +2.81% |