PRTLX vs. FRAMX
Compare and contrast key facts about Putnam RetirementReady 2055 Fund (PRTLX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
PRTLX is managed by Putnam. It was launched on Nov 29, 2010. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
PRTLX vs. FRAMX - Performance Comparison
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PRTLX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRTLX Putnam RetirementReady 2055 Fund | -7.18% | 13.42% | 15.59% | 22.31% | -15.71% | 17.39% | 14.17% | 20.75% | -9.44% | 20.69% |
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, PRTLX achieves a -7.18% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, PRTLX has outperformed FRAMX with an annualized return of 9.19%, while FRAMX has yielded a comparatively lower 3.65% annualized return.
PRTLX
- 1D
- -0.29%
- 1M
- -7.30%
- YTD
- -7.18%
- 6M
- -5.06%
- 1Y
- 9.76%
- 3Y*
- 11.87%
- 5Y*
- 7.08%
- 10Y*
- 9.19%
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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PRTLX vs. FRAMX - Expense Ratio Comparison
PRTLX has a 0.03% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
PRTLX vs. FRAMX — Risk / Return Rank
PRTLX
FRAMX
PRTLX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam RetirementReady 2055 Fund (PRTLX) 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.
| PRTLX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 1.50 | -0.81 |
Sortino ratioReturn per unit of downside risk | 0.98 | 2.09 | -1.10 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.30 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.69 | 2.00 | -1.31 |
Martin ratioReturn relative to average drawdown | 3.12 | 8.06 | -4.93 |
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
| PRTLX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 1.50 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.41 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.82 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.49 | +0.02 |
Correlation
The correlation between PRTLX and FRAMX is 0.77, 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
PRTLX vs. FRAMX - Dividend Comparison
PRTLX's dividend yield for the trailing twelve months is around 1.81%, less than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRTLX Putnam RetirementReady 2055 Fund | 1.81% | 1.68% | 1.20% | 1.60% | 10.10% | 12.83% | 1.09% | 7.44% | 15.18% | 5.47% | 1.14% | 9.07% |
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
PRTLX vs. FRAMX - Drawdown Comparison
The maximum PRTLX drawdown since its inception was -28.52%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for PRTLX and FRAMX.
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Drawdown Indicators
| PRTLX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.52% | -33.94% | +5.42% |
Max Drawdown (1Y)Largest decline over 1 year | -11.53% | -3.45% | -8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -21.71% | -16.31% | -5.40% |
Max Drawdown (10Y)Largest decline over 10 years | -28.52% | -16.31% | -12.21% |
Current DrawdownCurrent decline from peak | -8.87% | -3.20% | -5.67% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -3.87% | -1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 0.86% | +1.68% |
Volatility
PRTLX vs. FRAMX - Volatility Comparison
Putnam RetirementReady 2055 Fund (PRTLX) has a higher volatility of 4.27% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that PRTLX'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
| PRTLX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 1.96% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 2.86% | +5.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.07% | 4.59% | +9.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.89% | 5.21% | +8.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.55% | 4.47% | +10.08% |