VTWNX vs. PRMYX
VTWNX (Vanguard Target Retirement 2020 Fund) and PRMYX (Putnam RetirementReady Maturity Fund) are both Target Retirement Date funds. Over the past 10 years, VTWNX returned 6.43%/yr vs 3.20%/yr for PRMYX. Their correlation of 0.81 means they have usually moved in the same direction. VTWNX charges 0.08%/yr vs 0.13%/yr for PRMYX.
Performance
VTWNX vs. PRMYX - Performance Comparison
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Returns By Period
In the year-to-date period, VTWNX achieves a 3.97% return, which is significantly higher than PRMYX's 2.30% return. Over the past 10 years, VTWNX has outperformed PRMYX with an annualized return of 6.43%, while PRMYX has yielded a comparatively lower 3.20% annualized return.
VTWNX
- 1D
- 0.74%
- 1M
- -0.52%
- 6M
- 2.59%
- YTD
- 3.97%
- 1Y
- 9.43%
- 3Y*
- 9.16%
- 5Y*
- 4.27%
- 10Y*
- 6.43%
- ALL TIME*
- 6.19%
PRMYX
- 1D
- 0.58%
- 1M
- -0.23%
- 6M
- 2.28%
- YTD
- 2.30%
- 1Y
- 6.12%
- 3Y*
- 7.35%
- 5Y*
- 4.08%
- 10Y*
- 3.20%
- ALL TIME*
- 3.28%
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 |
VTWNX vs. PRMYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTWNX Vanguard Target Retirement 2020 Fund | 3.97% | 12.17% | 7.57% | 12.71% | -14.17% | 8.15% | 12.05% | 17.64% | -4.23% | 11.83% |
PRMYX Putnam RetirementReady Maturity Fund | 2.30% | 8.38% | 6.31% | 9.82% | -4.22% | 0.02% | 1.29% | 8.54% | -5.19% | 5.10% |
Correlation
The correlation between VTWNX and PRMYX is 0.95 - 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. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.81 |
The correlation between VTWNX and PRMYX shifts across timeframes, from 0.80 (10 years) to 0.95 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VTWNX vs. PRMYX — Risk / Return Rank
VTWNX
PRMYX
VTWNX vs. PRMYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2020 Fund (VTWNX) and Putnam RetirementReady Maturity Fund (PRMYX). 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.
| VTWNX | PRMYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.23 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.76 | +0.31 |
| Martin ratioReturn relative to average drawdown | 8.56 | 7.09 | +1.47 |
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Drawdowns
VTWNX vs. PRMYX - Drawdown Comparison
The maximum VTWNX drawdown since its inception was -42.16%, which is greater than PRMYX's maximum drawdown of -9.74%. Use the drawdown chart below to compare losses from any high point for VTWNX and PRMYX.
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Drawdown Indicators
| VTWNX | PRMYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.16% | -9.74% | -32.42% |
Max Drawdown (1Y)Largest decline over 1 year | -4.43% | -3.50% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -5.38% | -7.35% | +1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -19.38% | -9.24% | -10.14% |
Max Drawdown (10Y)Largest decline over 10 years | -19.38% | -9.74% | -9.64% |
Current DrawdownCurrent decline from peak | -1.07% | -0.63% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -1.68% | -3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.87% | +0.20% |
Volatility
VTWNX vs. PRMYX - Volatility Comparison
Vanguard Target Retirement 2020 Fund (VTWNX) has a higher volatility of 1.72% compared to Putnam RetirementReady Maturity Fund (PRMYX) at 1.44%. This indicates that VTWNX's price experiences larger fluctuations and is considered to be riskier than PRMYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTWNX | PRMYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 1.44% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 4.93% | 3.88% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.80% | 4.83% | +0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.46% | 5.26% | +2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.22% | 4.50% | +3.72% |
VTWNX vs. PRMYX - Expense Ratio Comparison
VTWNX has a 0.08% expense ratio, which is lower than PRMYX's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VTWNX vs. PRMYX - Dividend Comparison
VTWNX's dividend yield for the trailing twelve months is around 7.89%, more than PRMYX's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRMYX Putnam RetirementReady Maturity Fund | 3.41% | 3.30% | 3.15% | 3.62% | 7.46% | 2.47% | 2.17% | 2.97% | 1.73% | 0.55% | 1.53% | 3.90% |
VTWNX Vanguard Target Retirement 2020 Fund | 7.89% | 8.20% | 9.35% | 6.20% | 4.99% | 19.57% | 6.28% | 3.54% | 4.94% | 0.73% | 2.74% | 4.15% |
Frequently Asked Questions
With a correlation of 0.95, VTWNX and PRMYX 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.
VTWNX has higher volatility (1.72%) compared to PRMYX (1.44%). In terms of maximum drawdown, VTWNX dropped -42.16% vs PRMYX's -9.74%.
VTWNX currently has the higher Sharpe Ratio (1.58 vs 1.27), 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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