AAGTX vs. FRAMX
Compare and contrast key facts about American Funds 2040 Target Date Retirement Fund (AAGTX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
AAGTX 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
AAGTX vs. FRAMX - Performance Comparison
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AAGTX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAGTX American Funds 2040 Target Date Retirement Fund | -2.57% | 19.16% | 14.37% | 18.95% | -17.80% | 16.51% | 18.41% | 23.94% | -5.86% | 21.63% |
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, AAGTX achieves a -2.57% return, which is significantly lower than FRAMX's 0.18% return. Over the past 10 years, AAGTX has outperformed FRAMX with an annualized return of 10.53%, while FRAMX has yielded a comparatively lower 3.73% annualized return.
AAGTX
- 1D
- 2.33%
- 1M
- -5.61%
- YTD
- -2.57%
- 6M
- -0.22%
- 1Y
- 16.61%
- 3Y*
- 14.37%
- 5Y*
- 7.55%
- 10Y*
- 10.53%
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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AAGTX vs. FRAMX - Expense Ratio Comparison
AAGTX has a 0.33% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
AAGTX vs. FRAMX — Risk / Return Rank
AAGTX
FRAMX
AAGTX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds 2040 Target Date Retirement Fund (AAGTX) 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.
| AAGTX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 1.64 | -0.36 |
Sortino ratioReturn per unit of downside risk | 1.90 | 2.30 | -0.39 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.33 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.85 | 2.22 | -0.38 |
Martin ratioReturn relative to average drawdown | 8.15 | 8.81 | -0.66 |
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 | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.64 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.42 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.84 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.50 | 0.00 |
Correlation
The correlation between AAGTX and FRAMX is 0.86, 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
AAGTX vs. FRAMX - Dividend Comparison
AAGTX's dividend yield for the trailing twelve months is around 6.11%, more than FRAMX's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAGTX American Funds 2040 Target Date Retirement Fund | 6.11% | 5.95% | 3.50% | 2.51% | 6.40% | 4.94% | 3.26% | 4.29% | 4.94% | 2.42% | 3.59% | 5.12% |
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
AAGTX vs. FRAMX - Drawdown Comparison
The maximum AAGTX drawdown since its inception was -50.03%, which is greater than FRAMX's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for AAGTX and FRAMX.
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Drawdown Indicators
| AAGTX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.03% | -33.94% | -16.09% |
Max Drawdown (1Y)Largest decline over 1 year | -9.25% | -3.45% | -5.80% |
Max Drawdown (5Y)Largest decline over 5 years | -25.09% | -16.31% | -8.78% |
Max Drawdown (10Y)Largest decline over 10 years | -28.54% | -16.31% | -12.23% |
Current DrawdownCurrent decline from peak | -6.28% | -2.47% | -3.81% |
Average DrawdownAverage peak-to-trough decline | -7.05% | -3.86% | -3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 0.87% | +1.23% |
Volatility
AAGTX vs. FRAMX - Volatility Comparison
American Funds 2040 Target Date Retirement Fund (AAGTX) has a higher volatility of 4.78% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 2.14%. This indicates that AAGTX'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
| AAGTX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 2.14% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 8.05% | 2.95% | +5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.35% | 4.64% | +8.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.24% | 5.22% | +8.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.09% | 4.48% | +9.61% |