CCFAX vs. TAIAX

Last updated Jun 4, 2026

CCFAX (American Funds College 2036 Fund) and TAIAX (American Funds Tax-Aware Conservative Growth and Income Portfolio) are both Diversified Portfolio funds from American Funds. Over the past 5 years, CCFAX returned 7.64%/yr vs 7.00%/yr for TAIAX. Their correlation of 0.94 suggests significant overlap in exposure. CCFAX charges 0.43%/yr vs 0.34%/yr for TAIAX.

Performance

CCFAX vs. TAIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds College 2036 Fund (CCFAX) and American Funds Tax-Aware Conservative Growth and Income Portfolio (TAIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCFAX achieves a 6.79% return, which is significantly higher than TAIAX's 6.28% return.

CCFAX

• 1D: 0.21%
• 1M: 2.96%
• YTD: 6.79%
• 6M: 7.25%
• 1Y: 18.26%
• 3Y*: 15.85%
• 5Y*: 7.64%
• 10Y*: —

TAIAX

• 1D: 0.34%
• 1M: 2.87%
• YTD: 6.28%
• 6M: 6.84%
• 1Y: 16.67%
• 3Y*: 12.59%
• 5Y*: 7.00%
• 10Y*: 7.85%

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

CCFAX vs. TAIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CCFAX American Funds College 2036 Fund	6.79%	16.36%	13.70%	19.10%	-18.41%	12.44%	16.77%	22.43%	-9.10%
TAIAX American Funds Tax-Aware Conservative Growth and Income Portfolio	6.28%	13.27%	10.09%	11.74%	-10.18%	13.47%	7.46%	16.26%	-1.81%

Correlation

The correlation between CCFAX and TAIAX is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018	0.94

The correlation between CCFAX and TAIAX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

CCFAX vs. TAIAX — Risk / Return Rank

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

CCFAX

CCFAX Risk / Return Rank: 61
CCFAX Sharpe Ratio Rank: 62
CCFAX Sortino Ratio Rank: 63
CCFAX Omega Ratio Rank: 62
CCFAX Calmar Ratio Rank: 54
CCFAX Martin Ratio Rank: 64

TAIAX

TAIAX Risk / Return Rank: 72
TAIAX Sharpe Ratio Rank: 82
TAIAX Sortino Ratio Rank: 79
TAIAX Omega Ratio Rank: 80
TAIAX Calmar Ratio Rank: 52
TAIAX Martin Ratio Rank: 65

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.

CCFAX vs. TAIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds College 2036 Fund (CCFAX) and American Funds Tax-Aware Conservative Growth and Income Portfolio (TAIAX). 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.

	CCFAX	TAIAX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.65	-0.32
Sortino ratio: Return per unit of downside risk	3.33	3.75	-0.43
Omega ratio: Gain probability vs. loss probability	1.44	1.53	-0.09
Calmar ratio: Return relative to maximum drawdown	2.82	2.75	+0.07
Martin ratio: Return relative to average drawdown	12.56	12.72	-0.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CCFAX vs. TAIAX - Sharpe Ratio Comparison

The current CCFAX Sharpe Ratio is 2.33, which is comparable to the TAIAX Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of CCFAX and TAIAX, 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

	CCFAX	TAIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.65	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.92	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.96	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	1.06	-0.40

Drawdowns

CCFAX vs. TAIAX - Drawdown Comparison

The maximum CCFAX drawdown since its inception was -25.80%, which is greater than TAIAX's maximum drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for CCFAX and TAIAX.

Drawdown Indicators

	CCFAX	TAIAX	Difference
Max Drawdown Largest peak-to-trough decline	-25.80%	-21.42%	-4.38%
Max Drawdown (1Y) Largest decline over 1 year	-6.63%	-6.16%	-0.47%
Max Drawdown (3Y) Largest decline over 3 years	-11.04%	-8.75%	-2.29%
Max Drawdown (5Y) Largest decline over 5 years	-25.34%	-16.76%	-8.58%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.42%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.17%	-2.20%	-2.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	1.33%	+0.16%

Volatility

CCFAX vs. TAIAX - Volatility Comparison

American Funds College 2036 Fund (CCFAX) has a higher volatility of 2.35% compared to American Funds Tax-Aware Conservative Growth and Income Portfolio (TAIAX) at 2.01%. This indicates that CCFAX's price experiences larger fluctuations and is considered to be riskier than TAIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCFAX	TAIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	2.01%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	6.33%	5.30%	+1.03%
Volatility (1Y) Calculated over the trailing 1-year period	8.04%	6.41%	+1.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.50%	7.62%	+3.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.33%	8.19%	+5.14%

CCFAX vs. TAIAX - Expense Ratio Comparison

CCFAX has a 0.43% expense ratio, which is higher than TAIAX's 0.34% expense ratio.

Dividends

CCFAX vs. TAIAX - Dividend Comparison

CCFAX's dividend yield for the trailing twelve months is around 6.65%, more than TAIAX's 4.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCFAX American Funds College 2036 Fund	6.65%	7.10%	5.41%	1.75%	4.66%	7.82%	4.37%	2.61%	1.20%	0.00%	0.00%	0.00%
TAIAX American Funds Tax-Aware Conservative Growth and Income Portfolio	4.87%	5.18%	5.16%	4.29%	4.37%	3.40%	2.65%	4.01%	4.54%	4.04%	2.77%	3.38%

Frequently Asked Questions

Can I hold both CCFAX and TAIAX in my portfolio?

With a correlation of 0.96, CCFAX and TAIAX 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, CCFAX or TAIAX?

CCFAX has higher volatility (2.35%) compared to TAIAX (2.01%). In terms of maximum drawdown, CCFAX dropped -25.80% vs TAIAX's -21.42%.

Which has better risk-adjusted returns?

TAIAX currently has the higher Sharpe Ratio (2.65 vs 2.33), 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.