PRTYX vs. FQLSX

Last updated Jun 4, 2026

PRTYX (Putnam RetirementReady 2060 Fund) and FQLSX (Fidelity Flex Freedom Blend 2055 Fund) are both Target Retirement Date funds. Over the past 5 years, PRTYX returned 9.55%/yr vs 11.34%/yr for FQLSX. With a 0.96 correlation, they move nearly in lockstep. PRTYX charges 0.03%/yr vs 0.00%/yr for FQLSX.

Performance

PRTYX vs. FQLSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam RetirementReady 2060 Fund (PRTYX) and Fidelity Flex Freedom Blend 2055 Fund (FQLSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRTYX achieves a 7.87% return, which is significantly lower than FQLSX's 14.07% return.

PRTYX

• 1D: 0.42%
• 1M: 5.00%
• YTD: 7.87%
• 6M: 7.39%
• 1Y: 19.58%
• 3Y*: 16.94%
• 5Y*: 9.55%
• 10Y*: 10.96%

FQLSX

• 1D: 0.65%
• 1M: 5.43%
• YTD: 14.07%
• 6M: 15.67%
• 1Y: 31.25%
• 3Y*: 22.00%
• 5Y*: 11.34%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRTYX vs. FQLSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRTYX Putnam RetirementReady 2060 Fund	7.87%	13.78%	16.10%	23.54%	-16.09%	18.14%	14.75%	21.16%	-9.52%	11.19%
FQLSX Fidelity Flex Freedom Blend 2055 Fund	14.07%	22.80%	18.08%	21.04%	-18.58%	16.89%	18.43%	25.96%	-8.31%	10.12%

Correlation

The correlation between PRTYX and FQLSX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jun 16, 2017	0.96

The correlation between PRTYX and FQLSX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

PRTYX vs. FQLSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRTYX

PRTYX Risk / Return Rank: 35
PRTYX Sharpe Ratio Rank: 35
PRTYX Sortino Ratio Rank: 33
PRTYX Omega Ratio Rank: 34
PRTYX Calmar Ratio Rank: 32
PRTYX Martin Ratio Rank: 42

FQLSX

FQLSX Risk / Return Rank: 74
FQLSX Sharpe Ratio Rank: 76
FQLSX Sortino Ratio Rank: 70
FQLSX Omega Ratio Rank: 70
FQLSX Calmar Ratio Rank: 74
FQLSX Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRTYX vs. FQLSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam RetirementReady 2060 Fund (PRTYX) and Fidelity Flex Freedom Blend 2055 Fund (FQLSX). 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.

	PRTYX	FQLSX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	2.54	-0.83
Sortino ratio: Return per unit of downside risk	2.41	3.50	-1.09
Omega ratio: Gain probability vs. loss probability	1.31	1.47	-0.16
Calmar ratio: Return relative to maximum drawdown	2.15	3.36	-1.21
Martin ratio: Return relative to average drawdown	8.95	14.85	-5.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRTYX vs. FQLSX - Sharpe Ratio Comparison

The current PRTYX Sharpe Ratio is 1.71, which is lower than the FQLSX Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of PRTYX and FQLSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PRTYX	FQLSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	2.54	-0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.75	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.78	-0.07

Drawdowns

PRTYX vs. FQLSX - Drawdown Comparison

The maximum PRTYX drawdown since its inception was -30.72%, roughly equal to the maximum FQLSX drawdown of -31.26%. Use the drawdown chart below to compare losses from any high point for PRTYX and FQLSX.

Drawdown Indicators

	PRTYX	FQLSX	Difference
Max Drawdown Largest peak-to-trough decline	-30.72%	-31.26%	+0.54%
Max Drawdown (1Y) Largest decline over 1 year	-9.32%	-9.48%	+0.16%
Max Drawdown (3Y) Largest decline over 3 years	-19.35%	-15.37%	-3.98%
Max Drawdown (5Y) Largest decline over 5 years	-22.31%	-27.41%	+5.10%
Max Drawdown (10Y) Largest decline over 10 years	-30.72%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.41%	-5.43%	+1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	2.14%	+0.09%

Volatility

PRTYX vs. FQLSX - Volatility Comparison

The current volatility for Putnam RetirementReady 2060 Fund (PRTYX) is 2.98%, while Fidelity Flex Freedom Blend 2055 Fund (FQLSX) has a volatility of 4.13%. This indicates that PRTYX experiences smaller price fluctuations and is considered to be less risky than FQLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRTYX	FQLSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	4.13%	-1.15%
Volatility (6M) Calculated over the trailing 6-month period	9.09%	10.29%	-1.20%
Volatility (1Y) Calculated over the trailing 1-year period	11.72%	12.54%	-0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.63%	15.12%	-0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.22%	16.08%	-0.86%

PRTYX vs. FQLSX - Expense Ratio Comparison

PRTYX has a 0.03% expense ratio, which is higher than FQLSX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

PRTYX vs. FQLSX - Dividend Comparison

PRTYX's dividend yield for the trailing twelve months is around 3.33%, less than FQLSX's 4.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FQLSX Fidelity Flex Freedom Blend 2055 Fund	4.59%	3.32%	7.20%	2.08%	5.79%	8.05%	5.76%	7.02%	8.18%	3.10%	0.00%
PRTYX Putnam RetirementReady 2060 Fund	3.33%	3.59%	1.09%	1.54%	6.81%	13.89%	3.06%	5.88%	7.22%	5.77%	2.05%

Frequently Asked Questions

Can I hold both PRTYX and FQLSX in my portfolio?

With a correlation of 0.96, PRTYX and FQLSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PRTYX or FQLSX?

FQLSX has higher volatility (4.13%) compared to PRTYX (2.98%). In terms of maximum drawdown, PRTYX dropped -30.72% vs FQLSX's -31.26%.

Which has better risk-adjusted returns?

FQLSX currently has the higher Sharpe Ratio (2.54 vs 1.71), 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.