AAHTX vs. IVV
AAHTX (American Funds 2045 Target Date Retirement Fund) and IVV (iShares Core S&P 500 ETF) are both funds - AAHTX is a Target Retirement Date fund managed by American Funds, while IVV is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, AAHTX returned 11.36%/yr vs 15.11%/yr for IVV. Their 0.96 correlation means they have historically moved very closely together. AAHTX charges 0.33%/yr vs 0.03%/yr for IVV.
Performance
AAHTX vs. IVV - 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 IVV's 10.13% return. Over the past 10 years, AAHTX has underperformed IVV with an annualized return of 11.36%, while IVV has yielded a comparatively higher 15.11% annualized 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%
IVV
- 1D
- 0.69%
- 1M
- 0.25%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.55%
- 3Y*
- 19.40%
- 5Y*
- 12.82%
- 10Y*
- 15.11%
- ALL TIME*
- 8.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $3.36B | $3.31B | $5.91B |
AAHTX vs. IVV - 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% | 22.02% |
IVV iShares Core S&P 500 ETF | 10.13% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Correlation
The correlation between AAHTX and IVV is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007 | 0.96 |
The correlation between AAHTX and IVV has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
AAHTX vs. IVV — Risk / Return Rank
AAHTX
IVV
AAHTX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds 2045 Target Date Retirement Fund (AAHTX) and iShares Core S&P 500 ETF (IVV). 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 | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.27 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.21 | -0.45 |
| Martin ratioReturn relative to average drawdown | 7.63 | 9.43 | -1.80 |
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Drawdowns
AAHTX vs. IVV - Drawdown Comparison
The maximum AAHTX drawdown since its inception was -50.05%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for AAHTX and IVV.
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Drawdown Indicators
| AAHTX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.05% | -55.25% | +5.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -8.89% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -14.49% | -18.75% | +4.26% |
Max Drawdown (5Y)Largest decline over 5 years | -25.83% | -24.53% | -1.30% |
Max Drawdown (10Y)Largest decline over 10 years | -28.92% | -33.90% | +4.98% |
Current DrawdownCurrent decline from peak | -2.12% | -1.41% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -10.72% | +3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.09% | +0.04% |
Volatility
AAHTX vs. IVV - Volatility Comparison
American Funds 2045 Target Date Retirement Fund (AAHTX) and iShares Core S&P 500 ETF (IVV) have volatilities of 3.38% and 3.52%, 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.
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Volatility by Period
| AAHTX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 3.52% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.06% | 10.18% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.25% | 12.89% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 17.01% | -2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.57% | 18.06% | -3.49% |
AAHTX vs. IVV - Expense Ratio Comparison
AAHTX has a 0.33% expense ratio, which is higher than IVV's 0.03% expense ratio.
Dividends
AAHTX vs. IVV - Dividend Comparison
AAHTX's dividend yield for the trailing twelve months is around 5.41%, more than IVV's 1.09% 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% |
IVV iShares Core S&P 500 ETF | 1.09% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
With a correlation of 0.94, AAHTX and IVV 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.
IVV has higher volatility (3.52%) compared to AAHTX (3.38%). In terms of maximum drawdown, AAHTX dropped -50.05% vs IVV's -55.25%.
IVV currently has the higher Sharpe Ratio (1.53 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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