TRRLX vs. PADLX
Compare and contrast key facts about T. Rowe Price Retirement 2060 Fund (TRRLX) and Putnam Retirement Advantage Maturity Fund (PADLX).
TRRLX is a passively managed fund by T. Rowe Price that tracks the performance of the S&P Target Date 2060 Index. It was launched on Jun 23, 2014. PADLX is managed by Putnam. It was launched on Dec 30, 2019.
Performance
TRRLX vs. PADLX - Performance Comparison
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TRRLX vs. PADLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TRRLX T. Rowe Price Retirement 2060 Fund | -1.05% | 14.54% | 14.22% | 20.87% | -19.22% | 17.50% | 17.44% |
PADLX Putnam Retirement Advantage Maturity Fund | -0.28% | 10.83% | 8.34% | 11.01% | -12.54% | 2.93% | 7.84% |
Returns By Period
In the year-to-date period, TRRLX achieves a -1.05% return, which is significantly lower than PADLX's -0.28% return.
TRRLX
- 1D
- 2.79%
- 1M
- -6.56%
- YTD
- -1.05%
- 6M
- -2.29%
- 1Y
- 12.85%
- 3Y*
- 13.74%
- 5Y*
- 6.69%
- 10Y*
- 10.09%
PADLX
- 1D
- 0.55%
- 1M
- -2.39%
- YTD
- -0.28%
- 6M
- 1.83%
- 1Y
- 9.84%
- 3Y*
- 8.76%
- 5Y*
- 3.42%
- 10Y*
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TRRLX vs. PADLX - Expense Ratio Comparison
TRRLX has a 0.64% expense ratio, which is higher than PADLX's 0.22% expense ratio.
Return for Risk
TRRLX vs. PADLX — Risk / Return Rank
TRRLX
PADLX
TRRLX vs. PADLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2060 Fund (TRRLX) and Putnam Retirement Advantage Maturity Fund (PADLX). 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.
| TRRLX | PADLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 1.75 | -0.94 |
Sortino ratioReturn per unit of downside risk | 1.24 | 2.46 | -1.22 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.85 | 2.23 | -1.38 |
Martin ratioReturn relative to average drawdown | 3.78 | 9.78 | -5.99 |
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
| TRRLX | PADLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 1.75 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.52 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.55 | +0.01 |
Correlation
The correlation between TRRLX and PADLX is 0.81, 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
TRRLX vs. PADLX - Dividend Comparison
TRRLX has not paid dividends to shareholders, while PADLX's dividend yield for the trailing twelve months is around 4.74%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRLX T. Rowe Price Retirement 2060 Fund | 0.00% | 0.00% | 1.74% | 3.29% | 5.75% | 4.19% | 2.38% | 4.33% | 5.39% | 1.58% | 1.58% | 0.83% |
PADLX Putnam Retirement Advantage Maturity Fund | 4.74% | 5.03% | 3.71% | 2.91% | 1.01% | 1.45% | 1.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TRRLX vs. PADLX - Drawdown Comparison
The maximum TRRLX drawdown since its inception was -32.52%, which is greater than PADLX's maximum drawdown of -18.87%. Use the drawdown chart below to compare losses from any high point for TRRLX and PADLX.
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Drawdown Indicators
| TRRLX | PADLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.52% | -18.87% | -13.65% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -4.65% | -7.06% |
Max Drawdown (5Y)Largest decline over 5 years | -28.09% | -18.87% | -9.22% |
Max Drawdown (10Y)Largest decline over 10 years | -32.52% | — | — |
Current DrawdownCurrent decline from peak | -7.30% | -2.93% | -4.37% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -4.95% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 1.06% | +1.90% |
Volatility
TRRLX vs. PADLX - Volatility Comparison
T. Rowe Price Retirement 2060 Fund (TRRLX) has a higher volatility of 6.03% compared to Putnam Retirement Advantage Maturity Fund (PADLX) at 2.05%. This indicates that TRRLX's price experiences larger fluctuations and is considered to be riskier than PADLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRLX | PADLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 2.05% | +3.98% |
Volatility (6M)Calculated over the trailing 6-month period | 9.97% | 3.27% | +6.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 5.82% | +10.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 6.63% | +8.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.47% | 7.56% | +7.91% |