AAHTX vs. ABALX
Compare and contrast key facts about American Funds 2045 Target Date Retirement Fund (AAHTX) and American Funds American Balanced Fund Class A (ABALX).
AAHTX 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
AAHTX vs. ABALX - Performance Comparison
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AAHTX vs. ABALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAHTX American Funds 2045 Target Date Retirement Fund | -5.32% | 20.01% | 14.82% | 19.74% | -18.40% | 16.83% | 18.79% | 24.33% | -5.92% | 22.02% |
ABALX American Funds American Balanced Fund Class A | -2.86% | 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, AAHTX achieves a -5.32% return, which is significantly lower than ABALX's -2.86% return. Over the past 10 years, AAHTX has outperformed ABALX with an annualized return of 10.48%, while ABALX has yielded a comparatively lower 8.98% annualized return.
AAHTX
- 1D
- -0.35%
- 1M
- -8.83%
- YTD
- -5.32%
- 6M
- -2.42%
- 1Y
- 14.99%
- 3Y*
- 13.87%
- 5Y*
- 7.44%
- 10Y*
- 10.48%
ABALX
- 1D
- -0.14%
- 1M
- -6.82%
- YTD
- -2.86%
- 6M
- 0.85%
- 1Y
- 15.33%
- 3Y*
- 13.40%
- 5Y*
- 8.00%
- 10Y*
- 8.98%
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AAHTX vs. ABALX - Expense Ratio Comparison
AAHTX has a 0.33% expense ratio, which is lower than ABALX's 0.56% expense ratio.
Return for Risk
AAHTX vs. ABALX — Risk / Return Rank
AAHTX
ABALX
AAHTX vs. ABALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds 2045 Target Date Retirement Fund (AAHTX) 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.
| AAHTX | ABALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 1.43 | -0.37 |
Sortino ratioReturn per unit of downside risk | 1.58 | 2.09 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.29 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 2.00 | -0.65 |
Martin ratioReturn relative to average drawdown | 5.97 | 8.51 | -2.54 |
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
| AAHTX | ABALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 1.43 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.77 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.85 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.79 | -0.29 |
Correlation
The correlation between AAHTX 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
AAHTX vs. ABALX - Dividend Comparison
AAHTX's dividend yield for the trailing twelve months is around 6.18%, less than ABALX's 8.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAHTX American Funds 2045 Target Date Retirement Fund | 6.18% | 5.85% | 3.37% | 2.46% | 6.75% | 4.62% | 3.19% | 4.24% | 4.85% | 2.33% | 3.50% | 4.74% |
ABALX American Funds American Balanced Fund Class A | 8.54% | 8.27% | 6.87% | 2.05% | 2.30% | 4.30% | 4.35% | 3.49% | 5.49% | 4.72% | 4.24% | 5.60% |
Drawdowns
AAHTX vs. ABALX - Drawdown Comparison
The maximum AAHTX drawdown since its inception was -50.05%, which is greater than ABALX's maximum drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for AAHTX and ABALX.
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Drawdown Indicators
| AAHTX | ABALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.05% | -40.20% | -9.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.81% | -7.33% | -2.48% |
Max Drawdown (5Y)Largest decline over 5 years | -25.83% | -18.76% | -7.07% |
Max Drawdown (10Y)Largest decline over 10 years | -28.92% | -22.34% | -6.58% |
Current DrawdownCurrent decline from peak | -9.20% | -7.03% | -2.17% |
Average DrawdownAverage peak-to-trough decline | -7.14% | -3.86% | -3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 1.73% | +0.49% |
Volatility
AAHTX vs. ABALX - Volatility Comparison
American Funds 2045 Target Date Retirement Fund (AAHTX) has a higher volatility of 4.30% compared to American Funds American Balanced Fund Class A (ABALX) at 3.26%. This indicates that AAHTX's price experiences larger fluctuations and is considered to be riskier 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
| AAHTX | ABALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 3.26% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 6.74% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.19% | 11.11% | +3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.84% | 10.42% | +3.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.52% | 10.61% | +3.91% |