AAGTX Alternatives & Similar Mutual Funds

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
LTFIX	Principal LifeTime 2055 Fund	0.01%	—	Feb 2008	AAGTX vs LTFIX
PMTIX	Principal LifeTime 2030 Fund	0.01%	—	Feb 2001	AAGTX vs PMTIX
LTRIX	Principal LifeTime 2045 Fund	0.01%	—	Feb 2008	AAGTX vs LTRIX
JRLVX	John Hancock Funds Multi-Index 2045 Lifetime Portf...	0.01%	—	Nov 2013	AAGTX vs JRLVX
JLKYX	John Hancock Funds Multi-Index 2055 Lifetime Portf...	0.01%	—	Mar 2014	AAGTX vs JLKYX

Best Risk-Adjusted Alternatives to AAGTX

AAGTX has a PortfoliosLab risk / return rank of 47. There are 603 mutual funds in the Target Retirement Date category with higher risk-adjusted ranks, going as high as 85.

Symbol	Name	Risk / Return Rank	AUM	Inception
PADLX	Putnam Retirement Advantage Maturity Fund	85	—	Dec 2019	AAGTX vs PADLX
FIRVX	Fidelity Managed Retirement 2020 Fund	85	—	Dec 2007	AAGTX vs FIRVX
FRKMX	Fidelity Managed Retirement Income Fund Class K	85	—	Aug 2019	AAGTX vs FRKMX
FRHMX	Fidelity Managed Retirement Income Fund Class K6	85	—	Aug 2019	AAGTX vs FRHMX
FRAMX	Fidelity Advisor Managed Retirement Income Fund Cl...	85	—	Aug 2007	AAGTX vs FRAMX

Top Performing AAGTX Alternatives (YTD)

AAGTX is at 7.49% YTD. There are 351 mutual funds in the Target Retirement Date category with higher YTD returns, going as high as 15,640,638.04%.

Symbol	Name	YTD Return	AUM	Inception
FRKMX	Fidelity Managed Retirement Income Fund Class K	15,640,638.04%	—	Aug 2019	AAGTX vs FRKMX
FRAMX	Fidelity Advisor Managed Retirement Income Fund Cl...	1,644,791.35%	—	Aug 2007	AAGTX vs FRAMX
FRHMX	Fidelity Managed Retirement Income Fund Class K6	1,464,383.96%	—	Aug 2019	AAGTX vs FRHMX
FIRVX	Fidelity Managed Retirement 2020 Fund	1,440,933.92%	—	Dec 2007	AAGTX vs FIRVX
FFSZX	Fidelity Freedom 2065 Fund Class K6	12.32%	—	Jun 2019	AAGTX vs FFSZX

Lowest Volatility Alternatives to AAGTX

AAGTX has 10.95% 1-year volatility. There are 365 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.59%.

Symbol	Name	Volatility 1Y	AUM	Inception
TDIFX	Dimensional Retirement Income Fund	3.59%	—	Nov 2015	AAGTX vs TDIFX
LTTIX	MFS Lifetime 2025 Fund	4.18%	—	Nov 2012	AAGTX vs LTTIX
FIKFX	Fidelity Freedom Index Income Fund Investor Class	4.32%	—	Oct 2009	AAGTX vs FIKFX
FRQAX	Fidelity Advisor Managed Retirement 2010 Fund Clas...	4.34%	—	Aug 2007	AAGTX vs FRQAX
FFGZX	Fidelity Freedom Index Income Fund Institutional P...	4.34%	—	Oct 2009	AAGTX vs FFGZX

Lowest Drawdown Alternatives to AAGTX

AAGTX has a 1-year max drawdown of -8.42%. There are 398 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
TDIFX	Dimensional Retirement Income Fund	-2.61%	—	Nov 2015	AAGTX vs TDIFX
FIKFX	Fidelity Freedom Index Income Fund Investor Class	-3.32%	—	Oct 2009	AAGTX vs FIKFX
FFGZX	Fidelity Freedom Index Income Fund Institutional P...	-3.33%	—	Oct 2009	AAGTX vs FFGZX
FRQHX	Fidelity Managed Retirement 2010 Fund Class K6	-3.41%	—	Aug 2019	AAGTX vs FRQHX
FRQKX	Fidelity Managed Retirement 2010 Fund Class K	-3.42%	—	Aug 2019	AAGTX vs FRQKX

Other Mutual Funds from American Funds

The 10 most viewed American Funds mutual funds shown here include ABALX, AIVSX, AWSHX and span 7 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ABALX	American Funds American Balanced Fund Class A	Diversified Portfolio	78	8.56%	—	Jul 1975	AAGTX vs ABALX
AIVSX	American Funds Investment Company of America Class...	Large Cap Blend Equities	39	7.93%	—	Jan 1934	AAGTX vs AIVSX
AWSHX	American Funds Washington Mutual Investors Fund Cl...	Large Cap Blend Equities	36	5.38%	—	Jul 1952	AAGTX vs AWSHX
RGAGX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	23	6.76%	—	Dec 1973	AAGTX vs RGAGX
RERGX	American Funds EUPAC Fund Class R-6	Foreign Large Cap Equities, Large Cap Growth Equities, Actively Managed	36	9.53%	—	May 2009	AAGTX vs RERGX
ANCFX	American Funds Fundamental Investors Class A	Large Cap Blend Equities, Actively Managed	59	12.29%	—	Aug 1978	AAGTX vs ANCFX
ANWPX	American Funds New Perspective Fund Class A	Global Equities, Large Cap Growth Equities, Actively Managed	21	4.50%	—	Mar 1973	AAGTX vs ANWPX
GFFFX	American Funds The Growth Fund of America Class F-...	Large Cap Growth Equities	23	6.70%	—	Dec 1973	AAGTX vs GFFFX
AMECX	American Funds The Income Fund of America Class A	Diversified Portfolio, Dividend	50	5.52%	—	Dec 1973	AAGTX vs AMECX
AMCPX	American Funds AMCAP Fund Class A	Large Cap Growth Equities	18	3.42%	—	Jan 1967	AAGTX vs AMCPX

Often Compared With AAGTX

Investors most often compare AAGTX with VFORX, AAETX, FXAIX. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VFORX	Vanguard Target Retirement 2040 Fund	Target Retirement Date, Diversified Portfolio	59	7.95%	120.30B	Jun 2006	AAGTX vs VFORX
AAETX	American Funds 2030 Target Date Retirement Fund	Target Retirement Date	49	4.93%	—	Jan 2007	AAGTX vs AAETX
FXAIX	Fidelity 500 Index Fund	S&P 500	55	8.11%	—	Feb 1988	AAGTX vs FXAIX
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	Diversified Portfolio, Municipal Bonds	71	4.54%	12.30B	Sep 1994	AAGTX vs VTMFX
DRIHX	Dimensional 2040 Target Date Retirement Income Fun...	Target Retirement Date	57	6.89%	—	Nov 2015	AAGTX vs DRIHX
SWPPX	Schwab S&P 500 Index Fund	Large Cap Blend Equities, S&P 500	55	8.10%	143.85B	May 1997	AAGTX vs SWPPX
VTTHX	Vanguard Target Retirement 2035 Fund	Target Retirement Date, Diversified Portfolio	58	7.23%	130.00B	Oct 2003	AAGTX vs VTTHX
SWYGX	Schwab Target 2040 Index Fund	Target Retirement Date	61	8.59%	1.78B	Aug 2016	AAGTX vs SWYGX
VOO	Vanguard S&P 500 ETF	S&P 500	63	8.09%	1.70T	Sep 2010	AAGTX vs VOO
TRRDX	T. Rowe Price Retirement 2040 Fund	Target Retirement Date	29	8.40%	—	Sep 2002	AAGTX vs TRRDX
BLPAX	American Funds Moderate Growth and Income Portfoli...	Diversified Portfolio	50	6.28%	—	May 2012	AAGTX vs BLPAX
FSNVX	Fidelity Freedom 2040 Fund Class K	Target Retirement Date	68	10.81%	—	Jul 2017	AAGTX vs FSNVX
FBIFX	Fidelity Freedom Index 2040 Fund Investor Class	Target Retirement Date	60	8.77%	—	Oct 2009	AAGTX vs FBIFX
AGTHX	American Funds The Growth Fund of America Class A	Large Cap Growth Equities	22	6.60%	—	Dec 1973	AAGTX vs AGTHX
FFFFX	Fidelity Freedom 2040 Fund	Target Retirement Date	67	10.81%	—	Sep 2000	AAGTX vs FFFFX
RLBGX	American Funds American Balanced Fund Class R-6	Diversified Portfolio	80	8.69%	—	Jul 1975	AAGTX vs RLBGX
VTWNX	Vanguard Target Retirement 2020 Fund	Target Retirement Date, Diversified Portfolio	63	4.26%	34.70B	Jun 2006	AAGTX vs VTWNX
FCNTX	Fidelity Contrafund	Large Cap Growth Equities	31	7.31%	176.32B	May 1967	AAGTX vs FCNTX
PDAHX	Prudential Day One Income Fund	Target Retirement Date	79	4.46%	—	Dec 2016	AAGTX vs PDAHX
FLCNX	Fidelity Contrafund K6	Large Cap Growth Equities	27	6.40%	—	May 2017	AAGTX vs FLCNX

Compare AAGTX with Any Fund or Stock

Compare AAGTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

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

American Funds 2040 Target Date Retirement Fund (AAGTX) Alternatives