PRRTX vs. PGTYX
PRRTX (Putnam RetirementReady 2030 Fund) and PGTYX (Putnam Global Technology Fund) are both mutual funds - PRRTX is a Target Retirement Date fund managed by Putnam, while PGTYX is a Technology Equities fund managed by Putnam. Over the past 10 years, PRRTX returned 5.74%/yr vs 23.63%/yr for PGTYX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. PRRTX charges 0.11%/yr vs 0.62%/yr for PGTYX.
Performance
PRRTX vs. PGTYX - Performance Comparison
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Returns By Period
In the year-to-date period, PRRTX achieves a 2.41% return, which is significantly lower than PGTYX's 24.87% return. Over the past 10 years, PRRTX has underperformed PGTYX with an annualized return of 5.74%, while PGTYX has yielded a comparatively higher 23.63% annualized return.
PRRTX
- 1D
- 0.67%
- 1M
- -0.40%
- 6M
- 2.53%
- YTD
- 2.41%
- 1Y
- 6.60%
- 3Y*
- 8.50%
- 5Y*
- 4.89%
- 10Y*
- 5.74%
- ALL TIME*
- 6.47%
PGTYX
- 1D
- 5.46%
- 1M
- -4.06%
- 6M
- 23.41%
- YTD
- 24.87%
- 1Y
- 39.74%
- 3Y*
- 28.57%
- 5Y*
- 15.58%
- 10Y*
- 23.63%
- ALL TIME*
- 20.24%
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 |
PRRTX vs. PGTYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRRTX Putnam RetirementReady 2030 Fund | 2.41% | 8.59% | 6.18% | 15.42% | -7.91% | 6.89% | 5.46% | 13.40% | -6.22% | 13.50% |
PGTYX Putnam Global Technology Fund | 24.87% | 23.31% | 27.88% | 53.82% | -32.30% | 11.72% | 70.92% | 47.50% | -6.72% | 47.05% |
Correlation
The correlation between PRRTX and PGTYX is 0.74, 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. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.78 |
The correlation between PRRTX and PGTYX has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.
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Return for Risk
PRRTX vs. PGTYX — Risk / Return Rank
PRRTX
PGTYX
PRRTX vs. PGTYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam RetirementReady 2030 Fund (PRRTX) and Putnam Global Technology Fund (PGTYX). 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.
| PRRTX | PGTYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.00 | -0.43 |
| Martin ratioReturn relative to average drawdown | 6.27 | 6.28 | -0.01 |
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Drawdowns
PRRTX vs. PGTYX - Drawdown Comparison
The maximum PRRTX drawdown since its inception was -16.59%, smaller than the maximum PGTYX drawdown of -42.09%. Use the drawdown chart below to compare losses from any high point for PRRTX and PGTYX.
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Drawdown Indicators
| PRRTX | PGTYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.59% | -42.09% | +25.50% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -17.94% | +13.87% |
Max Drawdown (3Y)Largest decline over 3 years | -9.20% | -28.36% | +19.16% |
Max Drawdown (5Y)Largest decline over 5 years | -11.71% | -42.09% | +30.38% |
Max Drawdown (10Y)Largest decline over 10 years | -16.59% | -42.09% | +25.50% |
Current DrawdownCurrent decline from peak | -0.77% | -13.46% | +12.69% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -6.63% | +4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 5.70% | -4.68% |
Volatility
PRRTX vs. PGTYX - Volatility Comparison
The current volatility for Putnam RetirementReady 2030 Fund (PRRTX) is 1.66%, while Putnam Global Technology Fund (PGTYX) has a volatility of 10.48%. This indicates that PRRTX experiences smaller price fluctuations and is considered to be less risky than PGTYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRRTX | PGTYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 10.48% | -8.82% |
Volatility (6M)Calculated over the trailing 6-month period | 4.59% | 23.11% | -18.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.69% | 26.81% | -21.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.17% | 25.89% | -18.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.25% | 24.53% | -17.28% |
PRRTX vs. PGTYX - Expense Ratio Comparison
PRRTX has a 0.11% expense ratio, which is lower than PGTYX's 0.62% expense ratio.
Dividends
PRRTX vs. PGTYX - Dividend Comparison
PRRTX's dividend yield for the trailing twelve months is around 2.09%, less than PGTYX's 8.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGTYX Putnam Global Technology Fund | 8.67% | 10.83% | 6.40% | 0.57% | 1.71% | 21.15% | 13.60% | 2.63% | 9.44% | 6.75% | 1.01% | 4.56% |
PRRTX Putnam RetirementReady 2030 Fund | 2.09% | 2.14% | 2.57% | 2.66% | 10.69% | 8.38% | 1.54% | 3.76% | 7.57% | 2.95% | 0.73% | 2.72% |
Frequently Asked Questions
PRRTX and PGTYX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGTYX has higher volatility (10.48%) compared to PRRTX (1.66%). In terms of maximum drawdown, PRRTX dropped -16.59% vs PGTYX's -42.09%.
PGTYX currently has the higher Sharpe Ratio (1.34 vs 1.12), 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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