PRZZX vs. PMTIX
PRZZX (Putnam RetirementReady 2040 Fund) and PMTIX (Principal LifeTime 2030 Fund) are both Target Retirement Date funds. Over the past 10 years, PRZZX returned 9.05%/yr vs 9.05%/yr for PMTIX. With a 0.96 correlation, they move nearly in lockstep. PRZZX charges 0.05%/yr vs 0.01%/yr for PMTIX.
Performance
PRZZX vs. PMTIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PRZZX having a 5.43% return and PMTIX slightly lower at 5.32%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: PRZZX at 9.05% and PMTIX at 9.05%.
PRZZX
- 1D
- -0.06%
- 1M
- 1.27%
- YTD
- 5.43%
- 6M
- 4.90%
- 1Y
- 14.41%
- 3Y*
- 13.25%
- 5Y*
- 7.44%
- 10Y*
- 9.05%
PMTIX
- 1D
- -0.33%
- 1M
- 0.94%
- YTD
- 5.32%
- 6M
- 5.07%
- 1Y
- 13.84%
- 3Y*
- 13.18%
- 5Y*
- 6.06%
- 10Y*
- 9.05%
PRZZX vs. PMTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRZZX Putnam RetirementReady 2040 Fund | 5.43% | 11.23% | 11.08% | 20.18% | -12.11% | 12.66% | 10.18% | 17.92% | -8.50% | 18.23% |
PMTIX Principal LifeTime 2030 Fund | 5.32% | 13.25% | 12.86% | 15.11% | -16.81% | 12.70% | 14.71% | 22.40% | -7.45% | 18.41% |
Correlation
The correlation between PRZZX and PMTIX is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.96 |
The correlation between PRZZX and PMTIX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
PRZZX vs. PMTIX — Risk / Return Rank
PRZZX
PMTIX
PRZZX vs. PMTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam RetirementReady 2040 Fund (PRZZX) and Principal LifeTime 2030 Fund (PMTIX). 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 | PMTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.34 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.50 | -0.40 |
| Martin ratioReturn relative to average drawdown | 8.44 | 10.88 | -2.44 |
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Drawdowns
PRZZX vs. PMTIX - Drawdown Comparison
The maximum PRZZX drawdown since its inception was -23.93%, smaller than the maximum PMTIX drawdown of -52.14%. Use the drawdown chart below to compare losses from any high point for PRZZX and PMTIX.
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Drawdown Indicators
| PRZZX | PMTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.93% | -52.14% | +28.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.21% | -5.85% | -1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.36% | -9.62% | -5.74% |
Max Drawdown (5Y)Largest decline over 5 years | -17.08% | -23.05% | +5.97% |
Max Drawdown (10Y)Largest decline over 10 years | -23.93% | -25.87% | +1.94% |
Current DrawdownCurrent decline from peak | -0.36% | -0.66% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -6.78% | +3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 1.34% | +0.45% |
Volatility
PRZZX vs. PMTIX - Volatility Comparison
Putnam RetirementReady 2040 Fund (PRZZX) has a higher volatility of 3.68% compared to Principal LifeTime 2030 Fund (PMTIX) at 3.19%. This indicates that PRZZX's price experiences larger fluctuations and is considered to be riskier than PMTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRZZX | PMTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 3.19% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 6.72% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.45% | 8.11% | +1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.97% | 10.62% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.33% | 11.24% | +0.09% |
PRZZX vs. PMTIX - Expense Ratio Comparison
PRZZX has a 0.05% expense ratio, which is higher than PMTIX'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
PRZZX vs. PMTIX - Dividend Comparison
PRZZX's dividend yield for the trailing twelve months is around 1.82%, less than PMTIX's 9.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMTIX Principal LifeTime 2030 Fund | 9.20% | 9.69% | 9.60% | 4.26% | 10.05% | 8.87% | 6.37% | 6.49% | 8.21% | 5.87% | 3.97% | 9.44% |
PRZZX Putnam RetirementReady 2040 Fund | 1.82% | 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
With a correlation of 0.96, PRZZX and PMTIX 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.
PRZZX has higher volatility (3.68%) compared to PMTIX (3.19%). In terms of maximum drawdown, PRZZX dropped -23.93% vs PMTIX's -52.14%.
PMTIX currently has the higher Sharpe Ratio (1.81 vs 1.61), 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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