AAHTX vs. AIVSX
AAHTX (American Funds 2045 Target Date Retirement Fund) and AIVSX (American Funds Investment Company of America Class A) are both mutual funds - AAHTX is a Target Retirement Date fund managed by American Funds, while AIVSX is a Large Cap Blend Equities fund managed by American Funds. Over the past 10 years, AAHTX returned 11.86%/yr vs 14.27%/yr for AIVSX. With a 0.97 correlation, they move nearly in lockstep. AAHTX charges 0.33%/yr vs 0.57%/yr for AIVSX.
Performance
AAHTX vs. AIVSX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AAHTX achieves a 10.14% return, which is significantly lower than AIVSX's 10.91% return. Over the past 10 years, AAHTX has underperformed AIVSX with an annualized return of 11.86%, while AIVSX has yielded a comparatively higher 14.27% annualized return.
AAHTX
- 1D
- 0.23%
- 1M
- 4.45%
- YTD
- 10.14%
- 6M
- 10.80%
- 1Y
- 24.54%
- 3Y*
- 18.71%
- 5Y*
- 9.69%
- 10Y*
- 11.86%
AIVSX
- 1D
- 0.00%
- 1M
- 5.17%
- YTD
- 10.91%
- 6M
- 10.87%
- 1Y
- 26.68%
- 3Y*
- 24.21%
- 5Y*
- 15.03%
- 10Y*
- 14.27%
AAHTX vs. AIVSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAHTX American Funds 2045 Target Date Retirement Fund | 10.14% | 20.01% | 14.82% | 19.74% | -18.40% | 16.83% | 18.79% | 24.33% | -5.92% | 22.02% |
AIVSX American Funds Investment Company of America Class A | 10.91% | 20.47% | 24.90% | 28.56% | -15.50% | 25.10% | 14.47% | 24.10% | -8.21% | 19.54% |
Correlation
The correlation between AAHTX and AIVSX is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2007 | 0.97 |
The correlation between AAHTX and AIVSX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AAHTX vs. AIVSX — Risk / Return Rank
AAHTX
AIVSX
AAHTX vs. AIVSX - 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 Investment Company of America Class A (AIVSX). 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 | AIVSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.40 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.73 | 0.00 |
| Martin ratioReturn relative to average drawdown | 12.36 | 12.38 | -0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AAHTX | AIVSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.25 | 2.21 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.94 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.86 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.70 | -0.15 |
Drawdowns
AAHTX vs. AIVSX - Drawdown Comparison
The maximum AAHTX drawdown since its inception was -50.05%, roughly equal to the maximum AIVSX drawdown of -50.90%. Use the drawdown chart below to compare losses from any high point for AAHTX and AIVSX.
Loading charts...
Drawdown Indicators
| AAHTX | AIVSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.05% | -50.90% | +0.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -10.08% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -14.49% | -17.40% | +2.91% |
Max Drawdown (5Y)Largest decline over 5 years | -25.83% | -24.31% | -1.52% |
Max Drawdown (10Y)Largest decline over 10 years | -28.92% | -31.09% | +2.17% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.08% | -5.91% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.22% | -0.19% |
Volatility
AAHTX vs. AIVSX - Volatility Comparison
American Funds 2045 Target Date Retirement Fund (AAHTX) and American Funds Investment Company of America Class A (AIVSX) have volatilities of 3.26% and 3.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AAHTX | AIVSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 3.26% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 8.94% | 9.72% | -0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.18% | 12.46% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.95% | 16.00% | -2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.59% | 16.58% | -1.99% |
AAHTX vs. AIVSX - Expense Ratio Comparison
AAHTX has a 0.33% expense ratio, which is lower than AIVSX's 0.57% expense ratio.
Dividends
AAHTX vs. AIVSX - Dividend Comparison
AAHTX's dividend yield for the trailing twelve months is around 5.31%, less than AIVSX's 9.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAHTX American Funds 2045 Target Date Retirement Fund | 5.31% | 5.85% | 3.37% | 2.46% | 6.75% | 4.62% | 3.19% | 4.24% | 4.85% | 2.33% | 3.50% | 4.74% |
AIVSX American Funds Investment Company of America Class A | 9.58% | 10.60% | 9.29% | 4.96% | 6.12% | 6.94% | 1.65% | 6.15% | 9.61% | 7.08% | 5.48% | 8.95% |
Frequently Asked Questions
With a correlation of 0.96, AAHTX and AIVSX 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.
AIVSX has higher volatility (3.26%) compared to AAHTX (3.26%). In terms of maximum drawdown, AAHTX dropped -50.05% vs AIVSX's -50.90%.
AAHTX currently has the higher Sharpe Ratio (2.25 vs 2.21), 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.
Find the right allocation for AAHTX and AIVSX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer