PRZZX vs. FFFCX
PRZZX (Putnam RetirementReady 2040 Fund) and FFFCX (Fidelity Freedom 2010 Fund) are both Target Retirement Date funds. Over the past 10 years, PRZZX returned 8.36%/yr vs 5.49%/yr for FFFCX. Their correlation of 0.89 means they have usually moved in the same direction. PRZZX charges 0.05%/yr vs 0.49%/yr for FFFCX.
Performance
PRZZX vs. FFFCX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PRZZX achieves a 4.65% return, which is significantly higher than FFFCX's 4.24% return. Over the past 10 years, PRZZX has outperformed FFFCX with an annualized return of 8.36%, while FFFCX has yielded a comparatively lower 5.49% annualized return.
PRZZX
- 1D
- 1.40%
- 1M
- -0.33%
- 6M
- 4.81%
- YTD
- 4.65%
- 1Y
- 10.89%
- 3Y*
- 11.79%
- 5Y*
- 6.99%
- 10Y*
- 8.36%
- ALL TIME*
- 8.88%
FFFCX
- 1D
- 0.79%
- 1M
- -0.72%
- 6M
- 2.71%
- YTD
- 4.24%
- 1Y
- 8.85%
- 3Y*
- 8.02%
- 5Y*
- 3.24%
- 10Y*
- 5.49%
- ALL TIME*
- 6.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PRZZX vs. FFFCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRZZX Putnam RetirementReady 2040 Fund | 4.65% | 11.23% | 11.08% | 20.18% | -12.11% | 12.66% | 10.18% | 17.92% | -8.50% | 18.23% |
FFFCX Fidelity Freedom 2010 Fund | 4.24% | 11.39% | 5.26% | 9.82% | -13.21% | 5.64% | 11.09% | 14.34% | -3.74% | 12.48% |
Correlation
The correlation between PRZZX and FFFCX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.89 |
The correlation between PRZZX and FFFCX has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PRZZX vs. FFFCX — Risk / Return Rank
PRZZX
FFFCX
PRZZX vs. FFFCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam RetirementReady 2040 Fund (PRZZX) and Fidelity Freedom 2010 Fund (FFFCX). 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.
| PRZZX | FFFCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.31 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 2.26 | -0.91 |
| Martin ratioReturn relative to average drawdown | 5.32 | 9.16 | -3.84 |
Loading charts...
Drawdowns
PRZZX vs. FFFCX - Drawdown Comparison
The maximum PRZZX drawdown since its inception was -23.93%, smaller than the maximum FFFCX drawdown of -36.88%. Use the drawdown chart below to compare losses from any high point for PRZZX and FFFCX.
Loading charts...
Drawdown Indicators
| PRZZX | FFFCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.93% | -36.88% | +12.95% |
Max Drawdown (1Y)Largest decline over 1 year | -7.21% | -4.00% | -3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -15.36% | -4.77% | -10.59% |
Max Drawdown (5Y)Largest decline over 5 years | -17.08% | -18.35% | +1.27% |
Max Drawdown (10Y)Largest decline over 10 years | -23.93% | -18.35% | -5.58% |
Current DrawdownCurrent decline from peak | -1.10% | -1.23% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -4.55% | +1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 0.98% | +0.84% |
Volatility
PRZZX vs. FFFCX - Volatility Comparison
Putnam RetirementReady 2040 Fund (PRZZX) has a higher volatility of 2.95% compared to Fidelity Freedom 2010 Fund (FFFCX) at 1.76%. This indicates that PRZZX's price experiences larger fluctuations and is considered to be riskier than FFFCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PRZZX | FFFCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 1.76% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.92% | 4.92% | +3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.78% | 5.60% | +4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.00% | 6.49% | +4.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.27% | 6.27% | +5.00% |
PRZZX vs. FFFCX - Expense Ratio Comparison
PRZZX has a 0.05% expense ratio, which is lower than FFFCX's 0.49% expense ratio.
Dividends
PRZZX vs. FFFCX - Dividend Comparison
PRZZX's dividend yield for the trailing twelve months is around 1.83%, less than FFFCX's 4.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFCX Fidelity Freedom 2010 Fund | 4.70% | 4.97% | 2.99% | 2.72% | 7.23% | 9.33% | 6.01% | 5.78% | 6.98% | 4.82% | 3.22% | 3.68% |
PRZZX Putnam RetirementReady 2040 Fund | 1.83% | 1.92% | 1.69% | 1.88% | 14.10% | 8.92% | 1.69% | 5.15% | 9.81% | 4.19% | 0.38% | 2.24% |
Frequently Asked Questions
PRZZX and FFFCX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRZZX has higher volatility (2.95%) compared to FFFCX (1.76%). In terms of maximum drawdown, PRZZX dropped -23.93% vs FFFCX's -36.88%.
FFFCX currently has the higher Sharpe Ratio (1.62 vs 0.99), 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.
Find the right allocation for PRZZX and FFFCX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer