AALTX vs. SPY
Compare and contrast key facts about American Funds 2050 Target Date Retirement Fund (AALTX) and State Street SPDR S&P 500 ETF (SPY).
AALTX is managed by American Funds. It was launched on Jan 31, 2007. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
AALTX vs. SPY - Performance Comparison
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AALTX vs. SPY - 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% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, AALTX achieves a -5.61% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, AALTX has underperformed SPY with an annualized return of 10.52%, while SPY has yielded a comparatively higher 13.98% 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%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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AALTX vs. SPY - Expense Ratio Comparison
AALTX has a 0.33% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
AALTX vs. SPY — Risk / Return Rank
AALTX
SPY
AALTX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds 2050 Target Date Retirement Fund (AALTX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 0.93 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.55 | 1.45 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.32 | 1.53 | -0.20 |
Martin ratioReturn relative to average drawdown | 5.82 | 7.30 | -1.48 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 0.93 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.69 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.78 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.56 | -0.07 |
Correlation
The correlation between AALTX and SPY is 0.96, 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. SPY - Dividend Comparison
AALTX's dividend yield for the trailing twelve months is around 6.16%, more than SPY's 1.14% 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% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
AALTX vs. SPY - Drawdown Comparison
The maximum AALTX drawdown since its inception was -50.02%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AALTX and SPY.
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Drawdown Indicators
| AALTX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.02% | -55.19% | +5.17% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -12.05% | +2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -26.68% | -24.50% | -2.18% |
Max Drawdown (10Y)Largest decline over 10 years | -29.30% | -33.72% | +4.42% |
Current DrawdownCurrent decline from peak | -9.45% | -6.24% | -3.21% |
Average DrawdownAverage peak-to-trough decline | -7.23% | -9.09% | +1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.52% | -0.25% |
Volatility
AALTX vs. SPY - Volatility Comparison
The current volatility for American Funds 2050 Target Date Retirement Fund (AALTX) is 4.45%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that AALTX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AALTX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | 5.31% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 8.64% | 9.47% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.60% | 19.05% | -4.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.17% | 17.06% | -2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.80% | 17.92% | -3.12% |