PRTYX vs. PNOPX

Last updated Aug 1, 2026

PRTYX (Putnam RetirementReady 2060 Fund) and PNOPX (Putnam Sustainable Leaders Fund) are both mutual funds - PRTYX is a Target Retirement Date fund managed by Putnam, while PNOPX is a Large Cap Growth Equities fund managed by Putnam. Over the past 10 years, PRTYX returned 10.50%/yr vs 14.51%/yr for PNOPX. Their correlation of 0.94 means they have usually moved in the same direction. PRTYX charges 0.03%/yr vs 0.99%/yr for PNOPX.

Performance

PRTYX vs. PNOPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam RetirementReady 2060 Fund (PRTYX) and Putnam Sustainable Leaders Fund (PNOPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRTYX achieves a 6.31% return, which is significantly higher than PNOPX's 3.34% return. Over the past 10 years, PRTYX has underperformed PNOPX with an annualized return of 10.50%, while PNOPX has yielded a comparatively higher 14.51% annualized return.

PRTYX

• 1D: 1.87%
• 1M: -0.31%
• 6M: 6.24%
• YTD: 6.31%
• 1Y: 14.27%
• 3Y*: 14.40%
• 5Y*: 8.67%
• 10Y*: 10.50%
• ALL TIME*: 10.38%

PNOPX

• 1D: 1.96%
• 1M: -0.13%
• 6M: 4.91%
• YTD: 3.34%
• 1Y: 13.77%
• 3Y*: 14.75%
• 5Y*: 7.56%
• 10Y*: 14.51%
• ALL TIME*: 11.98%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PNOPX Putnam Sustainable Leaders Fund	$0.00	$0.00	$0.00
PRTYX Putnam RetirementReady 2060 Fund	$0.00	$0.00	$0.00

PRTYX vs. PNOPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRTYX Putnam RetirementReady 2060 Fund	6.31%	13.78%	16.10%	23.54%	-16.09%	18.14%	14.75%	21.16%	-9.52%	20.87%
PNOPX Putnam Sustainable Leaders Fund	3.34%	10.93%	22.97%	26.23%	-22.86%	23.44%	28.57%	35.86%	-0.90%	29.07%

Correlation

The correlation between PRTYX and PNOPX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (10Y) Provides a long-term view across more market conditions.	0.94
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.94

The correlation between PRTYX and PNOPX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

PRTYX vs. PNOPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PRTYX

PRTYX Risk / Return Rank: 28
PRTYX Sharpe Ratio Rank: 27
PRTYX Sortino Ratio Rank: 26
PRTYX Omega Ratio Rank: 26
PRTYX Calmar Ratio Rank: 28
PRTYX Martin Ratio Rank: 34

PNOPX

PNOPX Risk / Return Rank: 22
PNOPX Sharpe Ratio Rank: 24
PNOPX Sortino Ratio Rank: 23
PNOPX Omega Ratio Rank: 23
PNOPX Calmar Ratio Rank: 18
PNOPX Martin Ratio Rank: 23

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PRTYX vs. PNOPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam RetirementReady 2060 Fund (PRTYX) and Putnam Sustainable Leaders Fund (PNOPX). 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	PNOPX	Difference
Sharpe ratio: Return per unit of total volatility	0.96	0.81	+0.15
Sortino ratio: Return per unit of downside risk	1.41	1.20	+0.22
Omega ratio: Gain probability vs. loss probability	1.17	1.15	+0.02
Calmar ratio: Return relative to maximum drawdown	1.33	0.84	+0.49
Martin ratio: Return relative to average drawdown	5.36	3.09	+2.28

PRTYX vs. PNOPX - Sharpe Ratio Comparison

The current PRTYX Sharpe Ratio is 0.96, which is comparable to the PNOPX Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of PRTYX and PNOPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PRTYX vs. PNOPX - Drawdown Comparison

The maximum PRTYX drawdown since its inception was -30.72%, smaller than the maximum PNOPX drawdown of -74.15%. Use the drawdown chart below to compare losses from any high point for PRTYX and PNOPX.

Drawdown Indicators

	PRTYX	PNOPX	Difference
Max Drawdown Largest peak-to-trough decline	-30.72%	-74.15%	+43.43%
Max Drawdown (1Y) Largest decline over 1 year	-9.32%	-13.06%	+3.74%
Max Drawdown (3Y) Largest decline over 3 years	-19.35%	-22.90%	+3.55%
Max Drawdown (5Y) Largest decline over 5 years	-22.31%	-29.13%	+6.82%
Max Drawdown (10Y) Largest decline over 10 years	-30.72%	-30.29%	-0.43%
Current Drawdown Current decline from peak	-1.45%	-1.54%	+0.09%
Average Drawdown Average peak-to-trough decline	-4.36%	-23.93%	+19.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	3.56%	-1.25%

Volatility

PRTYX vs. PNOPX - Volatility Comparison

Putnam RetirementReady 2060 Fund (PRTYX) and Putnam Sustainable Leaders Fund (PNOPX) have volatilities of 3.86% and 3.83%, 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.

Volatility by Period

	PRTYX	PNOPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	3.83%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	10.44%	10.79%	-0.35%
Volatility (1Y) Calculated over the trailing 1-year period	12.88%	13.56%	-0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.79%	17.52%	-2.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.22%	18.15%	-2.93%

PRTYX vs. PNOPX - Expense Ratio Comparison

PRTYX has a 0.03% expense ratio, which is lower than PNOPX's 0.99% expense ratio.

Dividends

PRTYX vs. PNOPX - Dividend Comparison

PRTYX's dividend yield for the trailing twelve months is around 3.38%, less than PNOPX's 10.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PNOPX Putnam Sustainable Leaders Fund	10.85%	11.22%	9.25%	2.96%	8.38%	11.69%	7.41%	7.14%	20.24%	4.91%	0.00%	12.64%
PRTYX Putnam RetirementReady 2060 Fund	3.38%	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

Can I hold both PRTYX and PNOPX in my portfolio?

With a correlation of 0.96, PRTYX and PNOPX 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 PNOPX?

PRTYX has higher volatility (3.86%) compared to PNOPX (3.83%). In terms of maximum drawdown, PRTYX dropped -30.72% vs PNOPX's -74.15%.

Which has better risk-adjusted returns?

PRTYX currently has the higher Sharpe Ratio (0.96 vs 0.81), 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.