AAHTX vs. FRAMX
Compare and contrast key facts about American Funds 2045 Target Date Retirement Fund (AAHTX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
AAHTX 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
AAHTX vs. FRAMX - Performance Comparison
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AAHTX vs. FRAMX - 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% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 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, AAHTX achieves a -5.32% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, AAHTX has outperformed FRAMX with an annualized return of 10.48%, while FRAMX has yielded a comparatively lower 3.65% 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%
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
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AAHTX vs. FRAMX - Expense Ratio Comparison
AAHTX has a 0.33% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
AAHTX vs. FRAMX — Risk / Return Rank
AAHTX
FRAMX
AAHTX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds 2045 Target Date Retirement Fund (AAHTX) 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.
| AAHTX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 1.50 | -0.44 |
Sortino ratioReturn per unit of downside risk | 1.58 | 2.09 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 2.00 | -0.65 |
Martin ratioReturn relative to average drawdown | 5.97 | 8.06 | -2.09 |
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 | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 1.50 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.41 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.82 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.49 | 0.00 |
Correlation
The correlation between AAHTX 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
AAHTX vs. FRAMX - Dividend Comparison
AAHTX's dividend yield for the trailing twelve months is around 6.18%, more than FRAMX's 2.91% 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% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
AAHTX vs. FRAMX - Drawdown Comparison
The maximum AAHTX drawdown since its inception was -50.05%, which is greater than FRAMX's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for AAHTX and FRAMX.
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Drawdown Indicators
| AAHTX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.05% | -33.94% | -16.11% |
Max Drawdown (1Y)Largest decline over 1 year | -9.81% | -3.45% | -6.36% |
Max Drawdown (5Y)Largest decline over 5 years | -25.83% | -16.31% | -9.52% |
Max Drawdown (10Y)Largest decline over 10 years | -28.92% | -16.31% | -12.61% |
Current DrawdownCurrent decline from peak | -9.20% | -3.20% | -6.00% |
Average DrawdownAverage peak-to-trough decline | -7.14% | -3.87% | -3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 0.86% | +1.36% |
Volatility
AAHTX vs. FRAMX - Volatility Comparison
American Funds 2045 Target Date Retirement Fund (AAHTX) has a higher volatility of 4.30% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that AAHTX'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
| AAHTX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 1.96% | +2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 2.86% | +5.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.19% | 4.59% | +9.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.84% | 5.21% | +8.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.52% | 4.47% | +10.05% |