BLPAX vs. AAGTX

Last updated Jun 3, 2026

BLPAX (American Funds Moderate Growth and Income Portfolio Class A) and AAGTX (American Funds 2040 Target Date Retirement Fund) are both mutual funds - BLPAX is a Diversified Portfolio fund managed by American Funds, while AAGTX is a Target Retirement Date fund managed by American Funds. Over the past 10 years, BLPAX returned 9.17%/yr vs 11.47%/yr for AAGTX. With a 0.97 correlation, they move nearly in lockstep. BLPAX charges 0.66%/yr vs 0.33%/yr for AAGTX.

Performance

BLPAX vs. AAGTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Moderate Growth and Income Portfolio Class A (BLPAX) and American Funds 2040 Target Date Retirement Fund (AAGTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLPAX achieves a 7.24% return, which is significantly lower than AAGTX's 8.84% return. Over the past 10 years, BLPAX has underperformed AAGTX with an annualized return of 9.17%, while AAGTX has yielded a comparatively higher 11.47% annualized return.

BLPAX

• 1D: -0.09%
• 1M: 2.65%
• YTD: 7.24%
• 6M: 8.21%
• 1Y: 19.27%
• 3Y*: 14.69%
• 5Y*: 7.57%
• 10Y*: 9.17%

AAGTX

• 1D: 0.00%
• 1M: 3.61%
• YTD: 8.84%
• 6M: 9.89%
• 1Y: 22.78%
• 3Y*: 17.69%
• 5Y*: 9.08%
• 10Y*: 11.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BLPAX vs. AAGTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BLPAX American Funds Moderate Growth and Income Portfolio Class A	7.24%	16.64%	11.30%	13.87%	-13.60%	13.87%	13.16%	19.53%	-4.59%	16.71%
AAGTX American Funds 2040 Target Date Retirement Fund	8.84%	19.16%	14.37%	18.95%	-17.80%	16.51%	18.41%	23.94%	-5.86%	21.63%

Correlation

The correlation between BLPAX and AAGTX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since May 21, 2012	0.97

The correlation between BLPAX and AAGTX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

Return for Risk

BLPAX vs. AAGTX — Risk / Return Rank

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

BLPAX

BLPAX Risk / Return Rank: 60
BLPAX Sharpe Ratio Rank: 62
BLPAX Sortino Ratio Rank: 61
BLPAX Omega Ratio Rank: 63
BLPAX Calmar Ratio Rank: 50
BLPAX Martin Ratio Rank: 61

AAGTX

AAGTX Risk / Return Rank: 58
AAGTX Sharpe Ratio Rank: 59
AAGTX Sortino Ratio Rank: 58
AAGTX Omega Ratio Rank: 57
AAGTX Calmar Ratio Rank: 52
AAGTX Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BLPAX vs. AAGTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds Moderate Growth and Income Portfolio Class A (BLPAX) and American Funds 2040 Target Date Retirement Fund (AAGTX). 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.

	BLPAX	AAGTX	Difference
Sharpe ratio Return per unit of total volatility	2.33	2.28	+0.05
Sortino ratio Return per unit of downside risk	3.29	3.21	+0.08
Omega ratio Gain probability vs. loss probability	1.44	1.42	+0.02
Calmar ratio Return relative to maximum drawdown	2.73	2.78	-0.05
Martin ratio Return relative to average drawdown	12.23	12.58	-0.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BLPAX vs. AAGTX - Sharpe Ratio Comparison

The current BLPAX Sharpe Ratio is 2.33, which is comparable to the AAGTX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of BLPAX and AAGTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BLPAX	AAGTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.28	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.69	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.82	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	0.54	+0.37

Drawdowns

BLPAX vs. AAGTX - Drawdown Comparison

The maximum BLPAX drawdown since its inception was -23.21%, smaller than the maximum AAGTX drawdown of -50.03%. Use the drawdown chart below to compare losses from any high point for BLPAX and AAGTX.

Drawdown Indicators

	BLPAX	AAGTX	Difference
Max Drawdown Largest peak-to-trough decline	-23.21%	-50.03%	+26.82%
Max Drawdown (1Y) Largest decline over 1 year	-7.26%	-8.42%	+1.16%
Max Drawdown (3Y) Largest decline over 3 years	-10.62%	-13.53%	+2.91%
Max Drawdown (5Y) Largest decline over 5 years	-20.65%	-25.09%	+4.44%
Max Drawdown (10Y) Largest decline over 10 years	-23.21%	-28.54%	+5.33%
Current Drawdown Current decline from peak	-0.09%	0.00%	-0.09%
Average Drawdown Average peak-to-trough decline	-2.92%	-6.99%	+4.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	1.86%	-0.24%

Volatility

BLPAX vs. AAGTX - Volatility Comparison

The current volatility for American Funds Moderate Growth and Income Portfolio Class A (BLPAX) is 2.65%, while American Funds 2040 Target Date Retirement Fund (AAGTX) has a volatility of 2.99%. This indicates that BLPAX experiences smaller price fluctuations and is considered to be less risky than AAGTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLPAX	AAGTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	2.99%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	6.86%	8.17%	-1.31%
Volatility (1Y) Calculated over the trailing 1-year period	8.52%	10.32%	-1.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.41%	13.28%	-2.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.83%	14.12%	-3.29%

BLPAX vs. AAGTX - Expense Ratio Comparison

BLPAX has a 0.66% expense ratio, which is higher than AAGTX's 0.33% expense ratio.

Dividends

BLPAX vs. AAGTX - Dividend Comparison

BLPAX's dividend yield for the trailing twelve months is around 5.44%, which matches AAGTX's 5.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAGTX American Funds 2040 Target Date Retirement Fund	5.47%	5.95%	3.50%	2.51%	6.40%	4.94%	3.26%	4.29%	4.94%	2.42%	3.59%	5.12%
BLPAX American Funds Moderate Growth and Income Portfolio Class A	5.44%	5.83%	3.59%	2.30%	6.01%	4.97%	2.56%	3.83%	4.69%	3.48%	3.66%	3.69%

Frequently Asked Questions

Can I hold both BLPAX and AAGTX in my portfolio?

With a correlation of 0.99, BLPAX and AAGTX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BLPAX or AAGTX?

AAGTX has higher volatility (2.99%) compared to BLPAX (2.65%). In terms of maximum drawdown, BLPAX dropped -23.21% vs AAGTX's -50.03%.

Which has better risk-adjusted returns?

BLPAX currently has the higher Sharpe Ratio (2.33 vs 2.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.