PortfoliosLab logo
AALTX vs. ABALX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between AALTX and ABALX is 0.94, 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.


-0.50.00.51.00.9

Performance

AALTX vs. ABALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds 2050 Target Date Retirement Fund (AALTX) and American Funds American Balanced Fund Class A (ABALX). The values are adjusted to include any dividend payments, if applicable.

-4.00%-2.00%0.00%2.00%4.00%6.00%SeptemberOctoberNovemberDecember2025February
2.12%
-0.13%
AALTX
ABALX

Key characteristics

Sharpe Ratio

AALTX:

1.13

ABALX:

1.03

Sortino Ratio

AALTX:

1.56

ABALX:

1.36

Omega Ratio

AALTX:

1.21

ABALX:

1.20

Calmar Ratio

AALTX:

1.12

ABALX:

1.39

Martin Ratio

AALTX:

5.96

ABALX:

4.13

Ulcer Index

AALTX:

2.14%

ABALX:

2.46%

Daily Std Dev

AALTX:

11.23%

ABALX:

9.85%

Max Drawdown

AALTX:

-48.76%

ABALX:

-39.31%

Current Drawdown

AALTX:

-2.76%

ABALX:

-4.29%

Returns By Period

In the year-to-date period, AALTX achieves a 2.94% return, which is significantly higher than ABALX's 2.56% return. Over the past 10 years, AALTX has outperformed ABALX with an annualized return of 5.91%, while ABALX has yielded a comparatively lower 5.33% annualized return.


AALTX

YTD

2.94%

1M

-1.34%

6M

2.26%

1Y

10.94%

5Y*

7.33%

10Y*

5.91%

ABALX

YTD

2.56%

1M

-1.01%

6M

0.01%

1Y

8.77%

5Y*

6.49%

10Y*

5.33%

*Annualized

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.


Expense ratio chart for ABALX: current value at 0.56% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.56%
Expense ratio chart for AALTX: current value at 0.33% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.33%

Risk-Adjusted Performance

AALTX vs. ABALX — Risk-Adjusted Performance Rank

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

AALTX
The Risk-Adjusted Performance Rank of AALTX is 6464
Overall Rank
The Sharpe Ratio Rank of AALTX is 6060
Sharpe Ratio Rank
The Sortino Ratio Rank of AALTX is 6060
Sortino Ratio Rank
The Omega Ratio Rank of AALTX is 5959
Omega Ratio Rank
The Calmar Ratio Rank of AALTX is 7171
Calmar Ratio Rank
The Martin Ratio Rank of AALTX is 7171
Martin Ratio Rank

ABALX
The Risk-Adjusted Performance Rank of ABALX is 6060
Overall Rank
The Sharpe Ratio Rank of ABALX is 5555
Sharpe Ratio Rank
The Sortino Ratio Rank of ABALX is 5151
Sortino Ratio Rank
The Omega Ratio Rank of ABALX is 5757
Omega Ratio Rank
The Calmar Ratio Rank of ABALX is 7676
Calmar Ratio Rank
The Martin Ratio Rank of ABALX is 5959
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for AALTX, currently valued at 1.13, compared to the broader market-1.000.001.002.003.004.001.131.03
The chart of Sortino ratio for AALTX, currently valued at 1.56, compared to the broader market0.002.004.006.008.0010.0012.001.561.36
The chart of Omega ratio for AALTX, currently valued at 1.21, compared to the broader market1.002.003.004.001.211.20
The chart of Calmar ratio for AALTX, currently valued at 1.12, compared to the broader market0.005.0010.0015.0020.001.121.39
The chart of Martin ratio for AALTX, currently valued at 5.96, compared to the broader market0.0020.0040.0060.0080.005.964.13
AALTX
ABALX

The current AALTX Sharpe Ratio is 1.13, which is comparable to the ABALX Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of AALTX and ABALX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50SeptemberOctoberNovemberDecember2025February
1.13
1.03
AALTX
ABALX

Dividends

AALTX vs. ABALX - Dividend Comparison

AALTX's dividend yield for the trailing twelve months is around 1.03%, less than ABALX's 2.04% yield.


TTM20242023202220212020201920182017201620152014
AALTX
American Funds 2050 Target Date Retirement Fund
1.03%1.06%1.28%0.74%0.73%0.63%0.86%0.94%0.79%0.92%0.65%4.70%
ABALX
American Funds American Balanced Fund Class A
2.04%2.10%2.36%1.69%1.20%1.32%1.91%2.10%1.79%1.77%2.47%8.09%

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.


-8.00%-6.00%-4.00%-2.00%0.00%SeptemberOctoberNovemberDecember2025February
-2.76%
-4.29%
AALTX
ABALX

Volatility

AALTX vs. ABALX - Volatility Comparison

American Funds 2050 Target Date Retirement Fund (AALTX) has a higher volatility of 2.97% compared to American Funds American Balanced Fund Class A (ABALX) at 2.55%. 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.


2.00%3.00%4.00%5.00%6.00%SeptemberOctoberNovemberDecember2025February
2.97%
2.55%
AALTX
ABALX