AAGTX vs. BLPAX
AAGTX (American Funds 2040 Target Date Retirement Fund) and BLPAX (American Funds Moderate Growth and Income Portfolio Class A) are both mutual funds - AAGTX is a Target Retirement Date fund managed by American Funds, while BLPAX is a Diversified Portfolio fund managed by American Funds. Over the past 10 years, AAGTX returned 11.43%/yr vs 9.15%/yr for BLPAX. With a 0.97 correlation, they move nearly in lockstep. AAGTX charges 0.33%/yr vs 0.66%/yr for BLPAX.
Performance
AAGTX vs. BLPAX - Performance Comparison
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Returns By Period
In the year-to-date period, AAGTX achieves a 8.45% return, which is significantly higher than BLPAX's 7.09% return. Over the past 10 years, AAGTX has outperformed BLPAX with an annualized return of 11.43%, while BLPAX has yielded a comparatively lower 9.15% annualized return.
AAGTX
- 1D
- -0.56%
- 1M
- 2.81%
- YTD
- 8.45%
- 6M
- 9.00%
- 1Y
- 21.49%
- 3Y*
- 17.55%
- 5Y*
- 8.94%
- 10Y*
- 11.43%
BLPAX
- 1D
- -0.47%
- 1M
- 2.21%
- YTD
- 7.09%
- 6M
- 7.64%
- 1Y
- 18.42%
- 3Y*
- 14.64%
- 5Y*
- 7.47%
- 10Y*
- 9.15%
AAGTX vs. BLPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAGTX American Funds 2040 Target Date Retirement Fund | 8.45% | 19.16% | 14.37% | 18.95% | -17.80% | 16.51% | 18.41% | 23.94% | -5.86% | 21.63% |
BLPAX American Funds Moderate Growth and Income Portfolio Class A | 7.09% | 16.64% | 11.30% | 13.87% | -13.60% | 13.87% | 13.16% | 19.53% | -4.59% | 16.71% |
Correlation
The correlation between AAGTX and BLPAX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since May 21, 2012 | 0.97 |
The correlation between AAGTX and BLPAX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
AAGTX vs. BLPAX — Risk / Return Rank
AAGTX
BLPAX
AAGTX vs. BLPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds 2040 Target Date Retirement Fund (AAGTX) and American Funds Moderate Growth and Income Portfolio Class A (BLPAX). 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.
| AAGTX | BLPAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.42 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 2.60 | +0.02 |
| Martin ratioReturn relative to average drawdown | 11.82 | 11.60 | +0.21 |
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
| AAGTX | BLPAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | 2.22 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.72 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.85 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.91 | -0.37 |
Drawdowns
AAGTX vs. BLPAX - Drawdown Comparison
The maximum AAGTX drawdown since its inception was -50.03%, which is greater than BLPAX's maximum drawdown of -23.21%. Use the drawdown chart below to compare losses from any high point for AAGTX and BLPAX.
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Drawdown Indicators
| AAGTX | BLPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.03% | -23.21% | -26.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.42% | -7.26% | -1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -13.53% | -10.62% | -2.91% |
Max Drawdown (5Y)Largest decline over 5 years | -25.09% | -20.65% | -4.44% |
Max Drawdown (10Y)Largest decline over 10 years | -28.54% | -23.21% | -5.33% |
Current DrawdownCurrent decline from peak | -0.56% | -0.47% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -6.99% | -2.92% | -4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 1.62% | +0.24% |
Volatility
AAGTX vs. BLPAX - Volatility Comparison
American Funds 2040 Target Date Retirement Fund (AAGTX) has a higher volatility of 3.06% compared to American Funds Moderate Growth and Income Portfolio Class A (BLPAX) at 2.70%. This indicates that AAGTX's price experiences larger fluctuations and is considered to be riskier than BLPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAGTX | BLPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 2.70% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 8.14% | 6.83% | +1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.31% | 8.52% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.28% | 10.41% | +2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.12% | 10.83% | +3.29% |
AAGTX vs. BLPAX - Expense Ratio Comparison
AAGTX has a 0.33% expense ratio, which is lower than BLPAX's 0.66% expense ratio.
Dividends
AAGTX vs. BLPAX - Dividend Comparison
AAGTX's dividend yield for the trailing twelve months is around 5.49%, which matches BLPAX's 5.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAGTX American Funds 2040 Target Date Retirement Fund | 5.49% | 5.95% | 3.50% | 2.51% | 6.40% | 4.94% | 3.26% | 4.29% | 4.94% | 2.42% | 3.59% | 5.12% |
BLPAX American Funds Moderate Growth and Income Portfolio Class A | 5.44% | 5.83% | 3.59% | 2.30% | 6.01% | 4.97% | 2.56% | 3.83% | 4.69% | 3.48% | 3.66% | 3.69% |
Frequently Asked Questions
With a correlation of 0.99, AAGTX and BLPAX 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.
AAGTX has higher volatility (3.06%) compared to BLPAX (2.70%). In terms of maximum drawdown, AAGTX dropped -50.03% vs BLPAX's -23.21%.
BLPAX currently has the higher Sharpe Ratio (2.22 vs 2.14), 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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