PRTYX vs. PMYYX
PRTYX (Putnam RetirementReady 2060 Fund) and PMYYX (Putnam Multi-Cap Core Fund) are both mutual funds - PRTYX is a Target Retirement Date fund managed by Putnam, while PMYYX is a Large Cap Blend Equities fund managed by Putnam. Over the past 10 years, PRTYX returned 11.31%/yr vs 16.71%/yr for PMYYX. With a 0.95 correlation, they move nearly in lockstep. PRTYX charges 0.03%/yr vs 0.71%/yr for PMYYX.
Performance
PRTYX vs. PMYYX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PRTYX having a 7.35% return and PMYYX slightly lower at 7.12%. Over the past 10 years, PRTYX has underperformed PMYYX with an annualized return of 11.31%, while PMYYX has yielded a comparatively higher 16.71% 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%
PMYYX
- 1D
- -0.47%
- 1M
- 0.25%
- YTD
- 7.12%
- 6M
- 6.13%
- 1Y
- 23.76%
- 3Y*
- 21.00%
- 5Y*
- 13.37%
- 10Y*
- 16.71%
PRTYX vs. PMYYX - 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% |
PMYYX Putnam Multi-Cap Core Fund | 7.12% | 17.33% | 26.46% | 27.98% | -15.94% | 30.93% | 17.69% | 32.52% | -7.91% | 24.00% |
Correlation
The correlation between PRTYX and PMYYX is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.95 |
The correlation between PRTYX and PMYYX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
PRTYX vs. PMYYX — Risk / Return Rank
PRTYX
PMYYX
PRTYX vs. PMYYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam RetirementReady 2060 Fund (PRTYX) and Putnam Multi-Cap Core Fund (PMYYX). 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 | PMYYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.36 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.49 | -0.40 |
| Martin ratioReturn relative to average drawdown | 8.57 | 10.78 | -2.21 |
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Drawdowns
PRTYX vs. PMYYX - Drawdown Comparison
The maximum PRTYX drawdown since its inception was -30.72%, smaller than the maximum PMYYX drawdown of -35.25%. Use the drawdown chart below to compare losses from any high point for PRTYX and PMYYX.
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Drawdown Indicators
| PRTYX | PMYYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.72% | -35.25% | +4.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.32% | -10.02% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -18.92% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -22.31% | -23.52% | +1.21% |
Max Drawdown (10Y)Largest decline over 10 years | -30.72% | -35.25% | +4.53% |
Current DrawdownCurrent decline from peak | -0.48% | -1.49% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -4.11% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.31% | -0.04% |
Volatility
PRTYX vs. PMYYX - Volatility Comparison
Putnam RetirementReady 2060 Fund (PRTYX) has a higher volatility of 4.78% compared to Putnam Multi-Cap Core Fund (PMYYX) at 4.39%. This indicates that PRTYX's price experiences larger fluctuations and is considered to be riskier than PMYYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRTYX | PMYYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 4.39% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 9.84% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.42% | 12.54% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 16.88% | -2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.27% | 18.43% | -3.16% |
PRTYX vs. PMYYX - Expense Ratio Comparison
PRTYX has a 0.03% expense ratio, which is lower than PMYYX's 0.71% expense ratio.
Dividends
PRTYX vs. PMYYX - Dividend Comparison
PRTYX's dividend yield for the trailing twelve months is around 3.35%, more than PMYYX's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMYYX Putnam Multi-Cap Core Fund | 2.58% | 2.76% | 4.47% | 2.62% | 5.26% | 9.25% | 2.41% | 4.76% | 2.36% | 2.71% | 1.21% | 1.26% |
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 0.94, PRTYX and PMYYX 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.
PRTYX has higher volatility (4.78%) compared to PMYYX (4.39%). In terms of maximum drawdown, PRTYX dropped -30.72% vs PMYYX's -35.25%.
PMYYX currently has the higher Sharpe Ratio (2.00 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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