AAGTX vs. DRIHX
Compare and contrast key facts about American Funds 2040 Target Date Retirement Fund (AAGTX) and Dimensional 2040 Target Date Retirement Income Fund (DRIHX).
AAGTX is managed by American Funds. It was launched on Jan 31, 2007. DRIHX is managed by Dimensional Fund Advisors LP. It was launched on Nov 1, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAGTX or DRIHX.
Performance
AAGTX vs. DRIHX - Performance Comparison
Returns By Period
In the year-to-date period, AAGTX achieves a 14.78% return, which is significantly higher than DRIHX's 12.72% return.
AAGTX
14.78%
-0.89%
6.43%
21.70%
9.99%
9.03%
DRIHX
12.72%
-0.31%
5.92%
18.85%
8.42%
N/A
Key characteristics
| AAGTX | DRIHX | |
|---|---|---|
| Sharpe Ratio | 2.16 | 2.15 |
| Sortino Ratio | 2.99 | 3.06 |
| Omega Ratio | 1.40 | 1.39 |
| Calmar Ratio | 2.58 | 2.32 |
| Martin Ratio | 14.14 | 13.19 |
| Ulcer Index | 1.51% | 1.40% |
| Daily Std Dev | 9.90% | 8.58% |
| Max Drawdown | -48.78% | -27.96% |
| Current Drawdown | -2.03% | -1.64% |
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AAGTX vs. DRIHX - Expense Ratio Comparison
AAGTX has a 0.33% expense ratio, which is higher than DRIHX's 0.22% expense ratio.
Correlation
The correlation between AAGTX and DRIHX 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.
Risk-Adjusted Performance
AAGTX vs. DRIHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds 2040 Target Date Retirement Fund (AAGTX) and Dimensional 2040 Target Date Retirement Income Fund (DRIHX). 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.
Dividends
AAGTX vs. DRIHX - Dividend Comparison
AAGTX's dividend yield for the trailing twelve months is around 1.28%, less than DRIHX's 2.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAGTX American Funds 2040 Target Date Retirement Fund | 1.28% | 1.47% | 1.08% | 0.77% | 0.78% | 1.01% | 1.09% | 0.89% | 1.00% | 0.80% | 4.84% | 3.35% |
DRIHX Dimensional 2040 Target Date Retirement Income Fund | 2.57% | 2.58% | 2.55% | 1.60% | 1.38% | 2.01% | 2.17% | 1.86% | 2.02% | 0.02% | 0.00% | 0.00% |
Drawdowns
AAGTX vs. DRIHX - Drawdown Comparison
The maximum AAGTX drawdown since its inception was -48.78%, which is greater than DRIHX's maximum drawdown of -27.96%. Use the drawdown chart below to compare losses from any high point for AAGTX and DRIHX. For additional features, visit the drawdowns tool.
Volatility
AAGTX vs. DRIHX - Volatility Comparison
American Funds 2040 Target Date Retirement Fund (AAGTX) has a higher volatility of 2.81% compared to Dimensional 2040 Target Date Retirement Income Fund (DRIHX) at 2.47%. This indicates that AAGTX's price experiences larger fluctuations and is considered to be riskier than DRIHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.