PRZZX vs. FNSHX
Compare and contrast key facts about Putnam RetirementReady 2040 Fund (PRZZX) and Fidelity Freedom Income Fund Class K (FNSHX).
PRZZX is managed by Putnam. It was launched on Oct 31, 2004. FNSHX is managed by Fidelity. It was launched on Jul 20, 2017.
Performance
PRZZX vs. FNSHX - Performance Comparison
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PRZZX vs. FNSHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRZZX Putnam RetirementReady 2040 Fund | -3.33% | 11.23% | 11.08% | 20.18% | -12.11% | 12.66% | 10.18% | 17.92% | -8.50% | 7.42% |
FNSHX Fidelity Freedom Income Fund Class K | 0.63% | 10.35% | 4.40% | 8.26% | -11.31% | 3.16% | 9.01% | 10.74% | -1.86% | 0.09% |
Returns By Period
In the year-to-date period, PRZZX achieves a -3.33% return, which is significantly lower than FNSHX's 0.63% return.
PRZZX
- 1D
- -0.03%
- 1M
- -2.50%
- YTD
- -3.33%
- 6M
- -2.40%
- 1Y
- 13.84%
- 3Y*
- 11.08%
- 5Y*
- 6.42%
- 10Y*
- 8.01%
FNSHX
- 1D
- 0.00%
- 1M
- -1.45%
- YTD
- 0.63%
- 6M
- 1.74%
- 1Y
- 8.72%
- 3Y*
- 6.49%
- 5Y*
- 2.79%
- 10Y*
- —
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PRZZX vs. FNSHX - Expense Ratio Comparison
PRZZX has a 0.05% expense ratio, which is lower than FNSHX's 0.42% expense ratio.
Return for Risk
PRZZX vs. FNSHX — Risk / Return Rank
PRZZX
FNSHX
PRZZX vs. FNSHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam RetirementReady 2040 Fund (PRZZX) and Fidelity Freedom Income Fund Class K (FNSHX). 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.
| PRZZX | FNSHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 1.72 | -0.85 |
Sortino ratioReturn per unit of downside risk | 1.21 | 2.40 | -1.19 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.34 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.13 | 2.37 | -1.24 |
Martin ratioReturn relative to average drawdown | 4.88 | 9.52 | -4.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRZZX | FNSHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.72 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.53 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.76 | +0.02 |
Correlation
The correlation between PRZZX and FNSHX is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PRZZX vs. FNSHX - Dividend Comparison
PRZZX's dividend yield for the trailing twelve months is around 1.98%, less than FNSHX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRZZX Putnam RetirementReady 2040 Fund | 1.98% | 1.92% | 1.69% | 1.88% | 14.10% | 8.92% | 1.69% | 5.15% | 9.81% | 4.19% | 0.38% | 2.24% |
FNSHX Fidelity Freedom Income Fund Class K | 3.25% | 3.21% | 3.19% | 2.98% | 5.94% | 6.17% | 4.43% | 3.74% | 5.22% | 0.00% | 0.00% | 0.00% |
Drawdowns
PRZZX vs. FNSHX - Drawdown Comparison
The maximum PRZZX drawdown since its inception was -23.93%, which is greater than FNSHX's maximum drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for PRZZX and FNSHX.
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Drawdown Indicators
| PRZZX | FNSHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.93% | -15.87% | -8.06% |
Max Drawdown (1Y)Largest decline over 1 year | -7.21% | -3.68% | -3.53% |
Max Drawdown (5Y)Largest decline over 5 years | -17.08% | -15.87% | -1.21% |
Max Drawdown (10Y)Largest decline over 10 years | -23.93% | — | — |
Current DrawdownCurrent decline from peak | -4.70% | -2.39% | -2.31% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -3.09% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 0.92% | +1.26% |
Volatility
PRZZX vs. FNSHX - Volatility Comparison
Putnam RetirementReady 2040 Fund (PRZZX) has a higher volatility of 4.04% compared to Fidelity Freedom Income Fund Class K (FNSHX) at 2.34%. This indicates that PRZZX's price experiences larger fluctuations and is considered to be riskier than FNSHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRZZX | FNSHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 2.34% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 6.92% | 3.30% | +3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.44% | 4.89% | +6.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.84% | 5.26% | +5.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.28% | 4.81% | +6.47% |