PRTYX vs. JLKYX
PRTYX (Putnam RetirementReady 2060 Fund) and JLKYX (John Hancock Funds Multi-Index 2055 Lifetime Portfolio) are both Target Retirement Date funds. Over the past 10 years, PRTYX returned 11.31%/yr vs 11.91%/yr for JLKYX. With a 0.97 correlation, they move nearly in lockstep. PRTYX charges 0.03%/yr vs 0.01%/yr for JLKYX.
Performance
PRTYX vs. JLKYX - Performance Comparison
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Returns By Period
In the year-to-date period, PRTYX achieves a 7.35% return, which is significantly lower than JLKYX's 12.46% return. Over the past 10 years, PRTYX has underperformed JLKYX with an annualized return of 11.31%, while JLKYX has yielded a comparatively higher 11.91% annualized return.
PRTYX
- 1D
- -0.06%
- 1M
- 1.48%
- YTD
- 7.35%
- 6M
- 6.67%
- 1Y
- 18.51%
- 3Y*
- 16.44%
- 5Y*
- 9.27%
- 10Y*
- 11.31%
JLKYX
- 1D
- 0.00%
- 1M
- 1.94%
- YTD
- 12.46%
- 6M
- 11.72%
- 1Y
- 27.54%
- 3Y*
- 19.32%
- 5Y*
- 9.96%
- 10Y*
- 11.91%
PRTYX vs. JLKYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRTYX Putnam RetirementReady 2060 Fund | 7.35% | 13.78% | 16.10% | 23.54% | -16.09% | 18.14% | 14.75% | 21.16% | -9.52% | 20.87% |
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio | 12.46% | 20.04% | 15.41% | 18.53% | -18.04% | 18.38% | 16.13% | 25.07% | -8.32% | 17.29% |
Correlation
The correlation between PRTYX and JLKYX is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.97 |
The correlation between PRTYX and JLKYX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
PRTYX vs. JLKYX — Risk / Return Rank
PRTYX
JLKYX
PRTYX vs. JLKYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam RetirementReady 2060 Fund (PRTYX) and John Hancock Funds Multi-Index 2055 Lifetime Portfolio (JLKYX). 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.
| PRTYX | JLKYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.41 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 3.14 | -1.05 |
| Martin ratioReturn relative to average drawdown | 8.57 | 13.61 | -5.04 |
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Drawdowns
PRTYX vs. JLKYX - Drawdown Comparison
The maximum PRTYX drawdown since its inception was -30.72%, smaller than the maximum JLKYX drawdown of -32.55%. Use the drawdown chart below to compare losses from any high point for PRTYX and JLKYX.
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Drawdown Indicators
| PRTYX | JLKYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.72% | -32.55% | +1.83% |
Max Drawdown (1Y)Largest decline over 1 year | -9.32% | -9.16% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -16.11% | -3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -22.31% | -25.75% | +3.44% |
Max Drawdown (10Y)Largest decline over 10 years | -30.72% | -32.55% | +1.83% |
Current DrawdownCurrent decline from peak | -0.48% | -0.42% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -4.65% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.11% | +0.16% |
Volatility
PRTYX vs. JLKYX - Volatility Comparison
Putnam RetirementReady 2060 Fund (PRTYX) and John Hancock Funds Multi-Index 2055 Lifetime Portfolio (JLKYX) have volatilities of 4.78% and 4.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRTYX | JLKYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 4.99% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 10.52% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.42% | 12.79% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 15.33% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.27% | 16.25% | -0.98% |
PRTYX vs. JLKYX - Expense Ratio Comparison
PRTYX has a 0.03% expense ratio, which is higher than JLKYX's 0.01% 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. JLKYX - Dividend Comparison
PRTYX's dividend yield for the trailing twelve months is around 3.35%, more than JLKYX's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio | 3.21% | 3.61% | 1.77% | 2.16% | 8.08% | 5.71% | 3.88% | 8.54% | 10.69% | 4.33% | 3.23% | 1.75% |
PRTYX Putnam RetirementReady 2060 Fund | 3.35% | 3.59% | 1.09% | 1.54% | 6.81% | 13.89% | 3.06% | 5.88% | 7.22% | 5.77% | 2.05% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, PRTYX and JLKYX 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.
JLKYX has higher volatility (4.99%) compared to PRTYX (4.78%). In terms of maximum drawdown, PRTYX dropped -30.72% vs JLKYX's -32.55%.
JLKYX currently has the higher Sharpe Ratio (2.25 vs 1.57), 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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