PRRYX vs. PGTYX
PRRYX (Putnam RetirementReady 2035 Fund) and PGTYX (Putnam Global Technology Fund) are both mutual funds - PRRYX is a Target Retirement Date fund managed by Putnam, while PGTYX is a Technology Equities fund managed by Putnam. Over the past 10 years, PRRYX returned 7.80%/yr vs 26.20%/yr for PGTYX. Their correlation of 0.82 suggests significant overlap in exposure. PRRYX charges 0.09%/yr vs 0.62%/yr for PGTYX.
Performance
PRRYX vs. PGTYX - Performance Comparison
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Returns By Period
In the year-to-date period, PRRYX achieves a 4.14% return, which is significantly lower than PGTYX's 38.23% return. Over the past 10 years, PRRYX has underperformed PGTYX with an annualized return of 7.80%, while PGTYX has yielded a comparatively higher 26.20% annualized return.
PRRYX
- 1D
- -0.09%
- 1M
- 1.14%
- YTD
- 4.14%
- 6M
- 3.72%
- 1Y
- 11.94%
- 3Y*
- 11.57%
- 5Y*
- 6.52%
- 10Y*
- 7.80%
PGTYX
- 1D
- -0.11%
- 1M
- 7.55%
- YTD
- 38.23%
- 6M
- 37.99%
- 1Y
- 64.66%
- 3Y*
- 34.83%
- 5Y*
- 18.09%
- 10Y*
- 26.20%
PRRYX vs. PGTYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRRYX Putnam RetirementReady 2035 Fund | 4.14% | 9.79% | 9.46% | 18.15% | -10.13% | 9.94% | 7.97% | 15.70% | -7.49% | 16.09% |
PGTYX Putnam Global Technology Fund | 38.23% | 23.31% | 27.88% | 53.82% | -32.30% | 11.72% | 70.92% | 47.50% | -6.72% | 47.05% |
Correlation
The correlation between PRRYX and PGTYX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.82 |
The correlation between PRRYX and PGTYX has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.
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Return for Risk
PRRYX vs. PGTYX — Risk / Return Rank
PRRYX
PGTYX
PRRYX vs. PGTYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam RetirementReady 2035 Fund (PRRYX) 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.
| PRRYX | PGTYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.45 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 4.89 | -2.84 |
| Martin ratioReturn relative to average drawdown | 8.05 | 14.65 | -6.60 |
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Drawdowns
PRRYX vs. PGTYX - Drawdown Comparison
The maximum PRRYX drawdown since its inception was -20.30%, smaller than the maximum PGTYX drawdown of -42.09%. Use the drawdown chart below to compare losses from any high point for PRRYX and PGTYX.
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Drawdown Indicators
| PRRYX | PGTYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.30% | -42.09% | +21.79% |
Max Drawdown (1Y)Largest decline over 1 year | -6.16% | -13.58% | +7.42% |
Max Drawdown (3Y)Largest decline over 3 years | -13.36% | -28.36% | +15.00% |
Max Drawdown (5Y)Largest decline over 5 years | -14.44% | -42.09% | +27.65% |
Max Drawdown (10Y)Largest decline over 10 years | -20.30% | -42.09% | +21.79% |
Current DrawdownCurrent decline from peak | -0.25% | -4.20% | +3.95% |
Average DrawdownAverage peak-to-trough decline | -2.79% | -6.61% | +3.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 4.53% | -2.97% |
Volatility
PRRYX vs. PGTYX - Volatility Comparison
The current volatility for Putnam RetirementReady 2035 Fund (PRRYX) is 3.09%, while Putnam Global Technology Fund (PGTYX) has a volatility of 12.29%. This indicates that PRRYX 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
| PRRYX | PGTYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 12.29% | -9.20% |
Volatility (6M)Calculated over the trailing 6-month period | 6.35% | 20.32% | -13.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.97% | 24.34% | -16.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.30% | 25.39% | -16.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.45% | 24.33% | -14.88% |
PRRYX vs. PGTYX - Expense Ratio Comparison
PRRYX has a 0.09% expense ratio, which is lower than PGTYX's 0.62% expense ratio.
Dividends
PRRYX vs. PGTYX - Dividend Comparison
PRRYX's dividend yield for the trailing twelve months is around 1.74%, less than PGTYX's 7.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGTYX Putnam Global Technology Fund | 7.84% | 10.83% | 6.40% | 0.57% | 1.71% | 21.15% | 13.60% | 2.63% | 9.44% | 6.75% | 1.01% | 4.56% |
PRRYX Putnam RetirementReady 2035 Fund | 1.74% | 1.81% | 1.99% | 2.08% | 10.70% | 9.79% | 1.06% | 3.62% | 9.16% | 3.21% | 0.74% | 2.50% |
Frequently Asked Questions
PRRYX and PGTYX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGTYX has higher volatility (12.29%) compared to PRRYX (3.09%). In terms of maximum drawdown, PRRYX dropped -20.30% vs PGTYX's -42.09%.
PGTYX currently has the higher Sharpe Ratio (2.73 vs 1.59), 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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