AAGTX vs. FRQKX
Compare and contrast key facts about American Funds 2040 Target Date Retirement Fund (AAGTX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX).
AAGTX is managed by American Funds. It was launched on Jan 31, 2007. FRQKX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
AAGTX vs. FRQKX - Performance Comparison
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AAGTX vs. FRQKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AAGTX American Funds 2040 Target Date Retirement Fund | -1.78% | 19.16% | 14.37% | 18.95% | -17.80% | 16.51% | 18.41% | 8.36% |
FRQKX Fidelity Managed Retirement 2010 Fund Class K | 0.37% | 9.91% | 4.42% | 8.62% | -12.30% | 3.95% | 9.68% | 3.94% |
Returns By Period
In the year-to-date period, AAGTX achieves a -1.78% return, which is significantly lower than FRQKX's 0.37% return.
AAGTX
- 1D
- 0.80%
- 1M
- -3.30%
- YTD
- -1.78%
- 6M
- 0.37%
- 1Y
- 16.98%
- 3Y*
- 14.67%
- 5Y*
- 7.72%
- 10Y*
- 10.62%
FRQKX
- 1D
- 0.11%
- 1M
- -1.34%
- YTD
- 0.37%
- 6M
- 1.35%
- 1Y
- 7.74%
- 3Y*
- 6.41%
- 5Y*
- 2.58%
- 10Y*
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AAGTX vs. FRQKX - Expense Ratio Comparison
AAGTX has a 0.33% expense ratio, which is lower than FRQKX's 0.36% expense ratio.
Return for Risk
AAGTX vs. FRQKX — Risk / Return Rank
AAGTX
FRQKX
AAGTX vs. FRQKX - 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 Managed Retirement 2010 Fund Class K (FRQKX). 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 | FRQKX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 1.69 | -0.37 |
Sortino ratioReturn per unit of downside risk | 1.95 | 2.36 | -0.41 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.34 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | 2.39 | -0.44 |
Martin ratioReturn relative to average drawdown | 8.48 | 9.32 | -0.84 |
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 | FRQKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.69 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.47 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.70 | -0.19 |
Correlation
The correlation between AAGTX and FRQKX is 0.78, 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. FRQKX - Dividend Comparison
AAGTX's dividend yield for the trailing twelve months is around 6.06%, more than FRQKX's 3.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAGTX American Funds 2040 Target Date Retirement Fund | 6.06% | 5.95% | 3.50% | 2.51% | 6.40% | 4.94% | 3.26% | 4.29% | 4.94% | 2.42% | 3.59% | 5.12% |
FRQKX Fidelity Managed Retirement 2010 Fund Class K | 3.24% | 3.09% | 2.91% | 2.86% | 5.12% | 6.11% | 3.61% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AAGTX vs. FRQKX - Drawdown Comparison
The maximum AAGTX drawdown since its inception was -50.03%, which is greater than FRQKX's maximum drawdown of -16.97%. Use the drawdown chart below to compare losses from any high point for AAGTX and FRQKX.
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Drawdown Indicators
| AAGTX | FRQKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.03% | -16.97% | -33.06% |
Max Drawdown (1Y)Largest decline over 1 year | -8.42% | -3.42% | -5.00% |
Max Drawdown (5Y)Largest decline over 5 years | -25.09% | -16.97% | -8.12% |
Max Drawdown (10Y)Largest decline over 10 years | -28.54% | — | — |
Current DrawdownCurrent decline from peak | -5.53% | -2.34% | -3.19% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -3.95% | -3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 0.88% | +1.24% |
Volatility
AAGTX vs. FRQKX - Volatility Comparison
American Funds 2040 Target Date Retirement Fund (AAGTX) has a higher volatility of 4.68% compared to Fidelity Managed Retirement 2010 Fund Class K (FRQKX) at 2.08%. This indicates that AAGTX's price experiences larger fluctuations and is considered to be riskier than FRQKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAGTX | FRQKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 2.08% | +2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 2.96% | +5.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.37% | 4.67% | +8.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.24% | 5.52% | +7.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.08% | 5.77% | +8.31% |