AALTX vs. SPYG
Compare and contrast key facts about American Funds 2050 Target Date Retirement Fund (AALTX) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
AALTX is managed by American Funds. It was launched on Jan 31, 2007. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AALTX or SPYG.
Key characteristics
| AALTX | SPYG | |
|---|---|---|
| YTD Return | 5.21% | 9.12% |
| 1Y Return | 19.88% | 29.69% |
| 3Y Return (Ann) | 3.65% | 6.66% |
| 5Y Return (Ann) | 9.17% | 14.14% |
| 10Y Return (Ann) | 8.94% | 14.04% |
| Sharpe Ratio | 1.85 | 2.08 |
| Daily Std Dev | 10.42% | 13.88% |
| Max Drawdown | -48.76% | -67.79% |
| Current Drawdown | -2.25% | -3.85% |
Correlation
The correlation between AALTX and SPYG is 0.92, 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. SPYG - Performance Comparison
In the year-to-date period, AALTX achieves a 5.21% return, which is significantly lower than SPYG's 9.12% return. Over the past 10 years, AALTX has underperformed SPYG with an annualized return of 8.94%, while SPYG has yielded a comparatively higher 14.04% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AALTX vs. SPYG - Expense Ratio Comparison
AALTX has a 0.33% expense ratio, which is higher than SPYG's 0.04% expense ratio.
Risk-Adjusted Performance
AALTX vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds 2050 Target Date Retirement Fund (AALTX) and SPDR Portfolio S&P 500 Growth ETF (SPYG). 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. SPYG - Dividend Comparison
AALTX's dividend yield for the trailing twelve months is around 2.24%, more than SPYG's 0.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AALTX American Funds 2050 Target Date Retirement Fund | 2.24% | 2.36% | 7.07% | 4.32% | 3.13% | 4.17% | 4.77% | 2.36% | 3.53% | 4.85% | 4.70% | 3.18% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.95% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% | 1.42% |
Drawdowns
AALTX vs. SPYG - Drawdown Comparison
The maximum AALTX drawdown since its inception was -48.76%, smaller than the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for AALTX and SPYG. For additional features, visit the drawdowns tool.
Volatility
AALTX vs. SPYG - Volatility Comparison
The current volatility for American Funds 2050 Target Date Retirement Fund (AALTX) is 3.62%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 5.56%. This indicates that AALTX experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.