AAETX vs. ABALX
Compare and contrast key facts about American Funds 2030 Target Date Retirement Fund (AAETX) and American Funds American Balanced Fund Class A (ABALX).
AAETX is managed by American Funds. It was launched on Jan 31, 2007. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Performance
AAETX vs. ABALX - Performance Comparison
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AAETX vs. ABALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAETX American Funds 2030 Target Date Retirement Fund | -1.39% | 15.41% | 10.50% | 14.08% | -14.74% | 12.79% | 14.81% | 19.64% | -4.56% | 18.11% |
ABALX American Funds American Balanced Fund Class A | -1.12% | 18.45% | 14.63% | 13.65% | -12.13% | 15.75% | 10.85% | 18.60% | -3.35% | 14.69% |
Returns By Period
In the year-to-date period, AAETX achieves a -1.39% return, which is significantly lower than ABALX's -1.12% return. Over the past 10 years, AAETX has underperformed ABALX with an annualized return of 8.52%, while ABALX has yielded a comparatively higher 9.17% annualized return.
AAETX
- 1D
- 1.60%
- 1M
- -4.11%
- YTD
- -1.39%
- 6M
- 0.48%
- 1Y
- 12.43%
- 3Y*
- 11.17%
- 5Y*
- 5.88%
- 10Y*
- 8.52%
ABALX
- 1D
- 1.79%
- 1M
- -4.88%
- YTD
- -1.12%
- 6M
- 2.08%
- 1Y
- 16.95%
- 3Y*
- 14.07%
- 5Y*
- 8.20%
- 10Y*
- 9.17%
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AAETX vs. ABALX - Expense Ratio Comparison
AAETX has a 0.33% expense ratio, which is lower than ABALX's 0.56% expense ratio.
Return for Risk
AAETX vs. ABALX — Risk / Return Rank
AAETX
ABALX
AAETX vs. ABALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds 2030 Target Date Retirement Fund (AAETX) and American Funds American Balanced Fund Class A (ABALX). 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.
| AAETX | ABALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 1.56 | -0.14 |
Sortino ratioReturn per unit of downside risk | 2.07 | 2.28 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.43 | -0.45 |
Martin ratioReturn relative to average drawdown | 8.41 | 10.15 | -1.74 |
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
| AAETX | ABALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.56 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.79 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.87 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.79 | -0.30 |
Correlation
The correlation between AAETX and ABALX is 0.96, 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
AAETX vs. ABALX - Dividend Comparison
AAETX's dividend yield for the trailing twelve months is around 6.42%, less than ABALX's 8.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAETX American Funds 2030 Target Date Retirement Fund | 6.42% | 6.33% | 3.73% | 2.69% | 4.39% | 6.47% | 3.57% | 3.95% | 4.46% | 2.46% | 3.46% | 5.52% |
ABALX American Funds American Balanced Fund Class A | 8.39% | 8.27% | 6.87% | 2.05% | 2.30% | 4.30% | 4.35% | 3.49% | 5.49% | 4.72% | 4.24% | 5.60% |
Drawdowns
AAETX vs. ABALX - Drawdown Comparison
The maximum AAETX drawdown since its inception was -49.49%, which is greater than ABALX's maximum drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for AAETX and ABALX.
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Drawdown Indicators
| AAETX | ABALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.49% | -40.20% | -9.29% |
Max Drawdown (1Y)Largest decline over 1 year | -6.53% | -7.33% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -21.01% | -18.76% | -2.25% |
Max Drawdown (10Y)Largest decline over 10 years | -22.37% | -22.34% | -0.03% |
Current DrawdownCurrent decline from peak | -4.56% | -5.37% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -6.46% | -3.86% | -2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.76% | -0.22% |
Volatility
AAETX vs. ABALX - Volatility Comparison
The current volatility for American Funds 2030 Target Date Retirement Fund (AAETX) is 3.47%, while American Funds American Balanced Fund Class A (ABALX) has a volatility of 3.89%. This indicates that AAETX experiences smaller price fluctuations and is considered to be less risky than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAETX | ABALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 3.89% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 5.56% | 6.96% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.10% | 11.22% | -2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.72% | 10.45% | -0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.66% | 10.63% | +0.03% |