AALTX vs. ^SP600

Last updated Apr 2, 2026

Compare and contrast key facts about American Funds 2050 Target Date Retirement Fund (AALTX) and S&P 600 (^SP600).

AALTX is managed by American Funds. It was launched on Jan 31, 2007.

Performance

AALTX vs. ^SP600 - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds 2050 Target Date Retirement Fund (AALTX) and S&P 600 (^SP600). The values are adjusted to include any dividend payments, if applicable.

AALTX vs. ^SP600 - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AALTX American Funds 2050 Target Date Retirement Fund	-3.14%	20.06%	15.09%	20.34%	-19.14%	16.96%	19.07%	24.59%	-5.87%	22.18%
^SP600 S&P 600	3.65%	4.23%	6.82%	13.89%	-17.42%	25.27%	9.57%	20.86%	-9.75%	11.73%

Returns By Period

In the year-to-date period, AALTX achieves a -3.14% return, which is significantly lower than ^SP600's 3.65% return. Over the past 10 years, AALTX has outperformed ^SP600 with an annualized return of 10.80%, while ^SP600 has yielded a comparatively lower 8.26% annualized return.

AALTX

• 1D: 2.61%
• 1M: -6.25%
• YTD: -3.14%
• 6M: -0.66%
• 1Y: 17.54%
• 3Y*: 14.94%
• 5Y*: 7.65%
• 10Y*: 10.80%

^SP600

• 1D: 0.53%
• 1M: -4.39%
• YTD: 3.65%
• 6M: 4.71%
• 1Y: 18.85%
• 3Y*: 8.77%
• 5Y*: 2.57%
• 10Y*: 8.26%

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

Return for Risk

AALTX vs. ^SP600 — Risk / Return Rank

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

AALTX

AALTX Risk / Return Rank: 71
AALTX Sharpe Ratio Rank: 67
AALTX Sortino Ratio Rank: 71
AALTX Omega Ratio Rank: 65
AALTX Calmar Ratio Rank: 74
AALTX Martin Ratio Rank: 77

^SP600

^SP600 Risk / Return Rank: 54
^SP600 Sharpe Ratio Rank: 53
^SP600 Sortino Ratio Rank: 54
^SP600 Omega Ratio Rank: 51
^SP600 Calmar Ratio Rank: 51
^SP600 Martin Ratio Rank: 59

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.

AALTX vs. ^SP600 - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds 2050 Target Date Retirement Fund (AALTX) and S&P 600 (^SP600). 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.

	AALTX	^SP600	Difference
Sharpe ratio Return per unit of total volatility	1.23	0.83	+0.39
Sortino ratio Return per unit of downside risk	1.82	1.31	+0.51
Omega ratio Gain probability vs. loss probability	1.26	1.17	+0.08
Calmar ratio Return relative to maximum drawdown	1.80	1.28	+0.52
Martin ratio Return relative to average drawdown	7.77	5.11	+2.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AALTX vs. ^SP600 - Sharpe Ratio Comparison

The current AALTX Sharpe Ratio is 1.23, which is higher than the ^SP600 Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of AALTX and ^SP600, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AALTX	^SP600	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	0.83	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.12	+0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.36	+0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.44	+0.06

Correlation

The correlation between AALTX and ^SP600 is 0.84, 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.

Drawdowns

AALTX vs. ^SP600 - Drawdown Comparison

The maximum AALTX drawdown since its inception was -50.02%, smaller than the maximum ^SP600 drawdown of -59.17%. Use the drawdown chart below to compare losses from any high point for AALTX and ^SP600.

Drawdown Indicators

	AALTX	^SP600	Difference
Max Drawdown Largest peak-to-trough decline	-50.02%	-59.17%	+9.15%
Max Drawdown (1Y) Largest decline over 1 year	-9.98%	-14.89%	+4.91%
Max Drawdown (5Y) Largest decline over 5 years	-26.68%	-28.39%	+1.71%
Max Drawdown (10Y) Largest decline over 10 years	-29.30%	-45.77%	+16.47%
Current Drawdown Current decline from peak	-7.09%	-5.55%	-1.54%
Average Drawdown Average peak-to-trough decline	-7.23%	-9.31%	+2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	3.74%	-1.42%

Volatility

AALTX vs. ^SP600 - Volatility Comparison

The current volatility for American Funds 2050 Target Date Retirement Fund (AALTX) is 5.39%, while S&P 600 (^SP600) has a volatility of 6.26%. This indicates that AALTX experiences smaller price fluctuations and is considered to be less risky than ^SP600 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AALTX	^SP600	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.39%	6.26%	-0.87%
Volatility (6M) Calculated over the trailing 6-month period	9.02%	13.06%	-4.04%
Volatility (1Y) Calculated over the trailing 1-year period	14.79%	22.74%	-7.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.21%	21.56%	-7.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.82%	23.19%	-8.37%