PRTLX vs. FFFAX
PRTLX (Putnam RetirementReady 2055 Fund) and FFFAX (Fidelity Freedom Income Fund) are both Target Retirement Date funds. Over the past 10 years, PRTLX returned 11.03%/yr vs 4.63%/yr for FFFAX. A 0.72 correlation means they provide meaningful diversification when combined. PRTLX charges 0.03%/yr vs 0.47%/yr for FFFAX.
Performance
PRTLX vs. FFFAX - Performance Comparison
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Returns By Period
In the year-to-date period, PRTLX achieves a 5.71% return, which is significantly higher than FFFAX's 4.65% return. Over the past 10 years, PRTLX has outperformed FFFAX with an annualized return of 11.03%, while FFFAX has yielded a comparatively lower 4.63% annualized return.
PRTLX
- 1D
- 0.38%
- 1M
- -0.56%
- YTD
- 5.71%
- 6M
- 4.76%
- 1Y
- 14.07%
- 3Y*
- 15.44%
- 5Y*
- 8.38%
- 10Y*
- 11.03%
FFFAX
- 1D
- 0.26%
- 1M
- 0.30%
- YTD
- 4.65%
- 6M
- 4.41%
- 1Y
- 9.44%
- 3Y*
- 7.87%
- 5Y*
- 3.13%
- 10Y*
- 4.63%
PRTLX vs. FFFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRTLX Putnam RetirementReady 2055 Fund | 5.71% | 13.42% | 15.59% | 22.31% | -15.71% | 17.39% | 14.17% | 20.75% | -9.44% | 20.69% |
FFFAX Fidelity Freedom Income Fund | 4.65% | 10.42% | 4.34% | 8.18% | -11.33% | 3.12% | 8.93% | 10.74% | -1.99% | 8.21% |
Correlation
The correlation between PRTLX and FFFAX is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.72 |
The correlation between PRTLX and FFFAX shifts across timeframes, from 0.68 (5 years) to 0.82 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PRTLX vs. FFFAX — Risk / Return Rank
PRTLX
FFFAX
PRTLX vs. FFFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam RetirementReady 2055 Fund (PRTLX) and Fidelity Freedom Income Fund (FFFAX). 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.
| PRTLX | FFFAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.40 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 2.69 | -0.98 |
| Martin ratioReturn relative to average drawdown | 6.94 | 11.50 | -4.56 |
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Drawdowns
PRTLX vs. FFFAX - Drawdown Comparison
The maximum PRTLX drawdown since its inception was -28.52%, which is greater than FFFAX's maximum drawdown of -17.96%. Use the drawdown chart below to compare losses from any high point for PRTLX and FFFAX.
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Drawdown Indicators
| PRTLX | FFFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.52% | -17.96% | -10.56% |
Max Drawdown (1Y)Largest decline over 1 year | -8.87% | -3.68% | -5.19% |
Max Drawdown (3Y)Largest decline over 3 years | -18.55% | -4.91% | -13.64% |
Max Drawdown (5Y)Largest decline over 5 years | -21.71% | -15.87% | -5.84% |
Max Drawdown (10Y)Largest decline over 10 years | -28.52% | -15.87% | -12.65% |
Current DrawdownCurrent decline from peak | -1.79% | -0.42% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -1.79% | -3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 0.86% | +1.31% |
Volatility
PRTLX vs. FFFAX - Volatility Comparison
Putnam RetirementReady 2055 Fund (PRTLX) has a higher volatility of 4.82% compared to Fidelity Freedom Income Fund (FFFAX) at 2.35%. This indicates that PRTLX's price experiences larger fluctuations and is considered to be riskier than FFFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRTLX | FFFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 2.35% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 9.62% | 4.41% | +5.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.85% | 5.02% | +6.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.09% | 5.46% | +8.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.58% | 4.67% | +9.91% |
PRTLX vs. FFFAX - Expense Ratio Comparison
PRTLX has a 0.03% expense ratio, which is lower than FFFAX's 0.47% expense ratio.
Dividends
PRTLX vs. FFFAX - Dividend Comparison
PRTLX's dividend yield for the trailing twelve months is around 1.59%, less than FFFAX's 2.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFAX Fidelity Freedom Income Fund | 2.96% | 3.29% | 3.13% | 2.92% | 5.89% | 6.12% | 4.37% | 3.65% | 5.17% | 3.74% | 3.21% | 3.28% |
PRTLX Putnam RetirementReady 2055 Fund | 1.59% | 1.68% | 1.20% | 1.60% | 10.10% | 12.83% | 1.09% | 7.44% | 15.18% | 5.47% | 1.14% | 9.07% |
Frequently Asked Questions
PRTLX and FFFAX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRTLX has higher volatility (4.82%) compared to FFFAX (2.35%). In terms of maximum drawdown, PRTLX dropped -28.52% vs FFFAX's -17.96%.
FFFAX currently has the higher Sharpe Ratio (1.97 vs 1.28), 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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