AAHTX vs. FWLSX
AAHTX (American Funds 2045 Target Date Retirement Fund) and FWLSX (Fidelity Flex Freedom Blend 2060 Fund) are both Target Retirement Date funds. Over the past 5 years, AAHTX returned 8.81%/yr vs 10.71%/yr for FWLSX. Their 0.97 correlation means they have historically moved very closely together. AAHTX charges 0.33%/yr vs 0.00%/yr for FWLSX.
Performance
AAHTX vs. FWLSX - Performance Comparison
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Returns By Period
In the year-to-date period, AAHTX achieves a 8.17% return, which is significantly lower than FWLSX's 12.35% return.
AAHTX
- 1D
- 1.61%
- 1M
- -1.34%
- 6M
- 5.34%
- YTD
- 8.17%
- 1Y
- 17.93%
- 3Y*
- 15.88%
- 5Y*
- 8.81%
- 10Y*
- 11.36%
- ALL TIME*
- 8.57%
FWLSX
- 1D
- 2.33%
- 1M
- -1.01%
- 6M
- 8.41%
- YTD
- 12.35%
- 1Y
- 24.74%
- 3Y*
- 19.00%
- 5Y*
- 10.71%
- 10Y*
- —
- ALL TIME*
- 12.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AAHTX vs. FWLSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAHTX American Funds 2045 Target Date Retirement Fund | 8.17% | 20.01% | 14.82% | 19.74% | -18.40% | 16.83% | 18.79% | 24.33% | -5.92% | 9.80% |
FWLSX Fidelity Flex Freedom Blend 2060 Fund | 12.35% | 22.76% | 17.95% | 21.00% | -18.55% | 16.88% | 18.48% | 25.96% | -8.33% | 10.11% |
Correlation
The correlation between AAHTX and FWLSX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.97 |
The correlation between AAHTX and FWLSX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
AAHTX vs. FWLSX — Risk / Return Rank
AAHTX
FWLSX
AAHTX vs. FWLSX - 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 Flex Freedom Blend 2060 Fund (FWLSX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AAHTX | FWLSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.42 | -0.66 |
| Martin ratioReturn relative to average drawdown | 7.63 | 10.11 | -2.48 |
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Drawdowns
AAHTX vs. FWLSX - Drawdown Comparison
The maximum AAHTX drawdown since its inception was -50.05%, which is greater than FWLSX's maximum drawdown of -31.32%. Use the drawdown chart below to compare losses from any high point for AAHTX and FWLSX.
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Drawdown Indicators
| AAHTX | FWLSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.05% | -31.32% | -18.73% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -9.49% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -14.49% | -15.38% | +0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -25.83% | -27.40% | +1.57% |
Max Drawdown (10Y)Largest decline over 10 years | -28.92% | — | — |
Current DrawdownCurrent decline from peak | -2.12% | -2.17% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -5.36% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.27% | -0.14% |
Volatility
AAHTX vs. FWLSX - Volatility Comparison
The current volatility for American Funds 2045 Target Date Retirement Fund (AAHTX) is 3.38%, while Fidelity Flex Freedom Blend 2060 Fund (FWLSX) has a volatility of 4.39%. This indicates that AAHTX experiences smaller price fluctuations and is considered to be less risky than FWLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAHTX | FWLSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 4.39% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.06% | 12.17% | -2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.25% | 14.21% | -1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 15.36% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.57% | 16.10% | -1.53% |
AAHTX vs. FWLSX - Expense Ratio Comparison
AAHTX has a 0.33% expense ratio, which is higher than FWLSX's 0.00% expense ratio.
Dividends
AAHTX vs. FWLSX - Dividend Comparison
AAHTX's dividend yield for the trailing twelve months is around 5.41%, more than FWLSX's 4.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAHTX American Funds 2045 Target Date Retirement Fund | 5.41% | 5.85% | 3.37% | 2.46% | 6.75% | 4.62% | 3.19% | 4.24% | 4.85% | 2.33% | 3.50% | 4.74% |
FWLSX Fidelity Flex Freedom Blend 2060 Fund | 4.08% | 3.14% | 7.07% | 2.36% | 5.59% | 9.05% | 5.80% | 7.02% | 8.16% | 3.09% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, AAHTX and FWLSX 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.
FWLSX has higher volatility (4.39%) compared to AAHTX (3.38%). In terms of maximum drawdown, AAHTX dropped -50.05% vs FWLSX's -31.32%.
FWLSX currently has the higher Sharpe Ratio (1.62 vs 1.33), 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.
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