AALTX vs. FRAMX
Compare and contrast key facts about American Funds 2050 Target Date Retirement Fund (AALTX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
AALTX is managed by American Funds. It was launched on Jan 31, 2007. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
AALTX vs. FRAMX - Performance Comparison
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AALTX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AALTX American Funds 2050 Target Date Retirement Fund | -5.61% | 20.06% | 15.09% | 20.34% | -19.14% | 16.96% | 19.07% | 24.59% | -5.87% | 22.18% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, AALTX achieves a -5.61% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, AALTX has outperformed FRAMX with an annualized return of 10.52%, while FRAMX has yielded a comparatively lower 3.65% annualized return.
AALTX
- 1D
- -0.36%
- 1M
- -9.04%
- YTD
- -5.61%
- 6M
- -2.70%
- 1Y
- 15.05%
- 3Y*
- 13.96%
- 5Y*
- 7.36%
- 10Y*
- 10.52%
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
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AALTX vs. FRAMX - Expense Ratio Comparison
AALTX has a 0.33% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
AALTX vs. FRAMX — Risk / Return Rank
AALTX
FRAMX
AALTX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds 2050 Target Date Retirement Fund (AALTX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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 | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 1.50 | -0.47 |
Sortino ratioReturn per unit of downside risk | 1.55 | 2.09 | -0.54 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.32 | 2.00 | -0.68 |
Martin ratioReturn relative to average drawdown | 5.82 | 8.06 | -2.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AALTX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.50 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.41 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.82 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.49 | 0.00 |
Correlation
The correlation between AALTX and FRAMX is 0.85, 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.
Dividends
AALTX vs. FRAMX - Dividend Comparison
AALTX's dividend yield for the trailing twelve months is around 6.16%, more than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AALTX American Funds 2050 Target Date Retirement Fund | 6.16% | 5.81% | 3.33% | 2.36% | 7.07% | 4.32% | 3.13% | 4.17% | 4.77% | 2.36% | 3.53% | 4.85% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
AALTX vs. FRAMX - Drawdown Comparison
The maximum AALTX drawdown since its inception was -50.02%, which is greater than FRAMX's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for AALTX and FRAMX.
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Drawdown Indicators
| AALTX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.02% | -33.94% | -16.08% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -3.45% | -6.53% |
Max Drawdown (5Y)Largest decline over 5 years | -26.68% | -16.31% | -10.37% |
Max Drawdown (10Y)Largest decline over 10 years | -29.30% | -16.31% | -12.99% |
Current DrawdownCurrent decline from peak | -9.45% | -3.20% | -6.25% |
Average DrawdownAverage peak-to-trough decline | -7.23% | -3.87% | -3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 0.86% | +1.41% |
Volatility
AALTX vs. FRAMX - Volatility Comparison
American Funds 2050 Target Date Retirement Fund (AALTX) has a higher volatility of 4.45% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that AALTX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AALTX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | 1.96% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 8.64% | 2.86% | +5.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.60% | 4.59% | +10.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.17% | 5.21% | +8.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.80% | 4.47% | +10.33% |