AALTX vs. ABALX
Compare and contrast key facts about American Funds 2050 Target Date Retirement Fund (AALTX) and American Funds American Balanced Fund Class A (ABALX).
AALTX is managed by American Funds. It was launched on Jan 31, 2007. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AALTX or ABALX.
Key characteristics
| AALTX | ABALX | |
|---|---|---|
| YTD Return | 17.13% | 15.77% |
| 1Y Return | 28.25% | 24.81% |
| 3Y Return (Ann) | 4.23% | 5.50% |
| 5Y Return (Ann) | 10.72% | 8.95% |
| 10Y Return (Ann) | 9.53% | 8.43% |
| Sharpe Ratio | 2.62 | 2.93 |
| Sortino Ratio | 3.61 | 4.17 |
| Omega Ratio | 1.49 | 1.56 |
| Calmar Ratio | 2.37 | 3.44 |
| Martin Ratio | 17.51 | 20.27 |
| Ulcer Index | 1.61% | 1.22% |
| Daily Std Dev | 10.79% | 8.45% |
| Max Drawdown | -48.76% | -39.31% |
| Current Drawdown | -0.77% | -0.76% |
Correlation
The correlation between AALTX and ABALX is 0.95, 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.
Performance
AALTX vs. ABALX - Performance Comparison
In the year-to-date period, AALTX achieves a 17.13% return, which is significantly higher than ABALX's 15.77% return. Over the past 10 years, AALTX has outperformed ABALX with an annualized return of 9.53%, while ABALX has yielded a comparatively lower 8.43% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
AALTX vs. ABALX - Expense Ratio Comparison
AALTX has a 0.33% expense ratio, which is lower than ABALX's 0.56% expense ratio.
Risk-Adjusted Performance
AALTX vs. ABALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds 2050 Target Date Retirement Fund (AALTX) and American Funds American Balanced Fund Class A (ABALX). 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.
Dividends
AALTX vs. ABALX - Dividend Comparison
AALTX's dividend yield for the trailing twelve months is around 1.09%, less than ABALX's 2.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AALTX American Funds 2050 Target Date Retirement Fund | 1.09% | 1.28% | 0.74% | 0.73% | 0.63% | 0.86% | 0.94% | 0.79% | 0.92% | 0.65% | 4.70% | 3.18% |
ABALX American Funds American Balanced Fund Class A | 2.14% | 2.36% | 1.69% | 1.20% | 1.32% | 1.91% | 2.10% | 1.79% | 1.77% | 2.47% | 8.09% | 1.54% |
Drawdowns
AALTX vs. ABALX - Drawdown Comparison
The maximum AALTX drawdown since its inception was -48.76%, which is greater than ABALX's maximum drawdown of -39.31%. Use the drawdown chart below to compare losses from any high point for AALTX and ABALX. For additional features, visit the drawdowns tool.
Volatility
AALTX vs. ABALX - Volatility Comparison
American Funds 2050 Target Date Retirement Fund (AALTX) has a higher volatility of 2.92% compared to American Funds American Balanced Fund Class A (ABALX) at 2.43%. This indicates that AALTX's price experiences larger fluctuations and is considered to be riskier than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.