AAHTX vs. VONG

Last updated Jun 4, 2026

AAHTX (American Funds 2045 Target Date Retirement Fund) and VONG (Vanguard Russell 1000 Growth ETF) are both funds - AAHTX is a Target Retirement Date fund managed by American Funds, while VONG is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index. Over the past 10 years, AAHTX returned 11.86%/yr vs 18.61%/yr for VONG. Their correlation of 0.90 suggests significant overlap in exposure. AAHTX charges 0.33%/yr vs 0.06%/yr for VONG.

Performance

AAHTX vs. VONG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds 2045 Target Date Retirement Fund (AAHTX) and Vanguard Russell 1000 Growth ETF (VONG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAHTX achieves a 10.14% return, which is significantly higher than VONG's 7.17% return. Over the past 10 years, AAHTX has underperformed VONG with an annualized return of 11.86%, while VONG has yielded a comparatively higher 18.61% 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%

VONG

• 1D: -1.32%
• 1M: 5.68%
• YTD: 7.17%
• 6M: 6.52%
• 1Y: 25.74%
• 3Y*: 24.92%
• 5Y*: 15.38%
• 10Y*: 18.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAHTX vs. VONG - 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%
VONG Vanguard Russell 1000 Growth ETF	7.17%	18.45%	33.20%	42.67%	-29.18%	27.60%	38.30%	36.06%	-1.53%	30.05%

Correlation

The correlation between AAHTX and VONG is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Sep 23, 2010	0.90

The correlation between AAHTX and VONG has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

Return for Risk

AAHTX vs. VONG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAHTX

AAHTX Risk / Return Rank: 57
AAHTX Sharpe Ratio Rank: 58
AAHTX Sortino Ratio Rank: 56
AAHTX Omega Ratio Rank: 57
AAHTX Calmar Ratio Rank: 51
AAHTX Martin Ratio Rank: 63

VONG

VONG Risk / Return Rank: 41
VONG Sharpe Ratio Rank: 48
VONG Sortino Ratio Rank: 45
VONG Omega Ratio Rank: 45
VONG Calmar Ratio Rank: 32
VONG Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAHTX vs. VONG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds 2045 Target Date Retirement Fund (AAHTX) and Vanguard Russell 1000 Growth ETF (VONG). 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	VONG	Difference
Sharpe ratio: Return per unit of total volatility	2.25	1.68	+0.56
Sortino ratio: Return per unit of downside risk	3.16	2.29	+0.86
Omega ratio: Gain probability vs. loss probability	1.42	1.29	+0.12
Calmar ratio: Return relative to maximum drawdown	2.73	1.59	+1.14
Martin ratio: Return relative to average drawdown	12.36	5.34	+7.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AAHTX vs. VONG - Sharpe Ratio Comparison

The current AAHTX Sharpe Ratio is 2.25, which is higher than the VONG Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of AAHTX and VONG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AAHTX	VONG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	1.68	+0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.72	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	0.89	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.90	-0.36

Drawdowns

AAHTX vs. VONG - Drawdown Comparison

The maximum AAHTX drawdown since its inception was -50.05%, which is greater than VONG's maximum drawdown of -32.72%. Use the drawdown chart below to compare losses from any high point for AAHTX and VONG.

Drawdown Indicators

	AAHTX	VONG	Difference
Max Drawdown Largest peak-to-trough decline	-50.05%	-32.72%	-17.33%
Max Drawdown (1Y) Largest decline over 1 year	-9.20%	-16.23%	+7.03%
Max Drawdown (3Y) Largest decline over 3 years	-14.49%	-23.27%	+8.78%
Max Drawdown (5Y) Largest decline over 5 years	-25.83%	-32.72%	+6.89%
Max Drawdown (10Y) Largest decline over 10 years	-28.92%	-32.72%	+3.80%
Current Drawdown Current decline from peak	0.00%	-1.66%	+1.66%
Average Drawdown Average peak-to-trough decline	-7.08%	-4.88%	-2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	4.83%	-2.80%

Volatility

AAHTX vs. VONG - Volatility Comparison

The current volatility for American Funds 2045 Target Date Retirement Fund (AAHTX) is 3.26%, while Vanguard Russell 1000 Growth ETF (VONG) has a volatility of 3.60%. This indicates that AAHTX experiences smaller price fluctuations and is considered to be less risky than VONG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAHTX	VONG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	3.60%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	8.94%	11.61%	-2.67%
Volatility (1Y) Calculated over the trailing 1-year period	11.18%	15.37%	-4.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.95%	21.33%	-7.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.59%	20.87%	-6.28%

AAHTX vs. VONG - Expense Ratio Comparison

AAHTX has a 0.33% expense ratio, which is higher than VONG's 0.06% expense ratio.

Dividends

AAHTX vs. VONG - Dividend Comparison

AAHTX's dividend yield for the trailing twelve months is around 5.31%, more than VONG's 0.43% 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%
VONG Vanguard Russell 1000 Growth ETF	0.43%	0.45%	0.55%	0.71%	0.98%	0.58%	0.77%	1.03%	1.18%	1.19%	1.48%	1.47%

Frequently Asked Questions

Can I hold both AAHTX and VONG in my portfolio?

AAHTX and VONG have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AAHTX or VONG?

VONG has higher volatility (3.60%) compared to AAHTX (3.26%). In terms of maximum drawdown, AAHTX dropped -50.05% vs VONG's -32.72%.

Which has better risk-adjusted returns?

AAHTX currently has the higher Sharpe Ratio (2.25 vs 1.68), 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.