American Funds 2040 Target Date Retirement Fund (AAGTX) belongs to the Target Retirement Date category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with AAGTX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AAGTX
AAGTX charges 0.33% annually. There are 262 mutual funds in the Target Retirement Date category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Principal LifeTime 2055 Fund | 0.01% | — | Feb 2008 | AAGTX vs LTFIX | |
| Principal LifeTime 2030 Fund | 0.01% | — | Feb 2001 | AAGTX vs PMTIX | |
| Principal LifeTime 2035 Fund | 0.01% | — | Feb 2008 | AAGTX vs LTIUX | |
| John Hancock Funds Multi-Index 2060 Lifetime Portf... | 0.01% | — | Mar 2016 | AAGTX vs JIEHX | |
| Principal LifeTime 2060 Fund | 0.01% | — | Feb 2013 | AAGTX vs PLTZX |
Best Risk-Adjusted Alternatives to AAGTX
AAGTX has a PortfoliosLab risk / return rank of 52. There are 582 mutual funds in the Target Retirement Date category with higher risk-adjusted ranks, going as high as 87.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Putnam Retirement Advantage Maturity Fund | 87 | — | Dec 2019 | AAGTX vs PADLX | |
| State Street Target Retirement Fund | 86 | — | Sep 2014 | AAGTX vs SSFNX | |
| State Street Target Retirement 2025 Fund | 84 | — | Sep 2014 | AAGTX vs SSBRX | |
| Prudential Day One Income Fund | 83 | — | Dec 2016 | AAGTX vs PDAHX | |
| Dimensional Retirement Income Fund | 81 | — | Nov 2015 | AAGTX vs TDIFX |
Top Performing AAGTX Alternatives (YTD)
AAGTX is at 8.45% YTD. There are 355 mutual funds in the Target Retirement Date category with higher YTD returns, going as high as 13.50%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Flex Freedom Blend 2060 Fund | 13.50% | — | Jun 2017 | AAGTX vs FWLSX | |
| Fidelity Flex Freedom Blend 2065 Fund | 13.45% | — | Jun 2019 | AAGTX vs FDFPX | |
| Fidelity Flex Freedom Blend 2055 Fund | 13.40% | — | Jun 2017 | AAGTX vs FQLSX | |
| Fidelity Freedom 2060 Fund Class K6 | 13.38% | — | Aug 2014 | AAGTX vs FVTKX | |
| Fidelity Freedom® 2070 Fund Class K6 | 13.36% | — | Jun 2024 | AAGTX vs FRBHX |
Lowest Volatility Alternatives to AAGTX
AAGTX has 10.31% 1-year volatility. There are 367 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.33%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.33% | — | Nov 2015 | AAGTX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | 4.00% | — | Oct 2009 | AAGTX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | 4.02% | — | Oct 2009 | AAGTX vs FFGZX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 4.15% | — | Aug 2019 | AAGTX vs FRQHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 4.16% | — | Aug 2007 | AAGTX vs FRQAX |
Lowest Drawdown Alternatives to AAGTX
AAGTX has a 1-year max drawdown of -8.42%. There are 399 mutual funds in the Target Retirement Date category with shallower 1-year drawdowns, going as shallow as -2.61%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | -2.61% | — | Nov 2015 | AAGTX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | -3.32% | — | Oct 2009 | AAGTX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | -3.33% | — | Oct 2009 | AAGTX vs FFGZX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | -3.41% | — | Aug 2019 | AAGTX vs FRQHX | |
| Fidelity Managed Retirement Income Fund Class K | -3.42% | — | Aug 2019 | AAGTX vs FRKMX |
Other Mutual Funds from American Funds
The 10 most viewed American Funds mutual funds shown here include ABALX, AIVSX, RGAGX and span 6 categories.
Often Compared With AAGTX
Investors most often compare AAGTX with VFORX, AAETX, FXAIX. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare AAGTX with Any Fund or Stock
Compare AAGTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AAGTX with funds that move differently
American Funds 2040 Target Date Retirement Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AAGTX.
Explore AAGTX Diversifiers