AAATX vs. FRAMX
Compare and contrast key facts about American Funds 2010 Target Date Retirement Fund (AAATX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
AAATX is managed by American Funds. It was launched on Jan 31, 2007. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
AAATX vs. FRAMX - Performance Comparison
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AAATX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAATX American Funds 2010 Target Date Retirement Fund | 0.08% | 12.73% | 7.83% | 8.44% | -9.50% | 9.02% | 8.84% | 13.51% | -2.85% | 9.97% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 0.18% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, AAATX achieves a 0.08% return, which is significantly lower than FRAMX's 0.18% return. Over the past 10 years, AAATX has outperformed FRAMX with an annualized return of 6.00%, while FRAMX has yielded a comparatively lower 3.73% annualized return.
AAATX
- 1D
- 0.91%
- 1M
- -2.93%
- YTD
- 0.08%
- 6M
- 1.69%
- 1Y
- 9.70%
- 3Y*
- 8.78%
- 5Y*
- 4.88%
- 10Y*
- 6.00%
FRAMX
- 1D
- 0.75%
- 1M
- -2.08%
- YTD
- 0.18%
- 6M
- 1.18%
- 1Y
- 7.30%
- 3Y*
- 5.92%
- 5Y*
- 2.18%
- 10Y*
- 3.73%
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AAATX vs. FRAMX - Expense Ratio Comparison
AAATX has a 0.34% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
AAATX vs. FRAMX — Risk / Return Rank
AAATX
FRAMX
AAATX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds 2010 Target Date Retirement Fund (AAATX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| AAATX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.62 | 1.64 | -0.02 |
Sortino ratioReturn per unit of downside risk | 2.22 | 2.30 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.33 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.22 | +0.05 |
Martin ratioReturn relative to average drawdown | 9.09 | 8.81 | +0.27 |
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
| AAATX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.64 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.42 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.84 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.50 | +0.04 |
Correlation
The correlation between AAATX and FRAMX is 0.92, 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
AAATX vs. FRAMX - Dividend Comparison
AAATX's dividend yield for the trailing twelve months is around 6.83%, more than FRAMX's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAATX American Funds 2010 Target Date Retirement Fund | 6.83% | 6.84% | 5.16% | 3.53% | 3.41% | 3.78% | 3.72% | 3.48% | 3.79% | 2.51% | 2.67% | 4.60% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.88% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
AAATX vs. FRAMX - Drawdown Comparison
The maximum AAATX drawdown since its inception was -40.44%, which is greater than FRAMX's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for AAATX and FRAMX.
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Drawdown Indicators
| AAATX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.44% | -33.94% | -6.50% |
Max Drawdown (1Y)Largest decline over 1 year | -4.52% | -3.45% | -1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -14.99% | -16.31% | +1.32% |
Max Drawdown (10Y)Largest decline over 10 years | -15.13% | -16.31% | +1.18% |
Current DrawdownCurrent decline from peak | -3.31% | -2.47% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -3.86% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 0.87% | +0.26% |
Volatility
AAATX vs. FRAMX - Volatility Comparison
American Funds 2010 Target Date Retirement Fund (AAATX) has a higher volatility of 2.38% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 2.14%. This indicates that AAATX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAATX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 2.14% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 2.95% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.15% | 4.64% | +1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.51% | 5.22% | +1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 4.48% | +2.19% |