CTHAX vs. AIVSX

Last updated Jun 4, 2026

CTHAX (American Funds College 2030 Fund) and AIVSX (American Funds Investment Company of America Class A) are both mutual funds - CTHAX is a Diversified Portfolio fund managed by American Funds, while AIVSX is a Large Cap Blend Equities fund managed by American Funds. Over the past 10 years, CTHAX returned 6.73%/yr vs 14.27%/yr for AIVSX. Their correlation of 0.89 suggests significant overlap in exposure. CTHAX charges 0.41%/yr vs 0.57%/yr for AIVSX.

Performance

CTHAX vs. AIVSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds College 2030 Fund (CTHAX) and American Funds Investment Company of America Class A (AIVSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CTHAX achieves a 2.76% return, which is significantly lower than AIVSX's 10.91% return. Over the past 10 years, CTHAX has underperformed AIVSX with an annualized return of 6.73%, while AIVSX has yielded a comparatively higher 14.27% annualized return.

CTHAX

• 1D: 0.14%
• 1M: 1.22%
• YTD: 2.76%
• 6M: 3.08%
• 1Y: 10.07%
• 3Y*: 9.41%
• 5Y*: 4.33%
• 10Y*: 6.73%

AIVSX

• 1D: 0.00%
• 1M: 5.17%
• YTD: 10.91%
• 6M: 10.87%
• 1Y: 26.68%
• 3Y*: 24.21%
• 5Y*: 15.03%
• 10Y*: 14.27%

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

CTHAX vs. AIVSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CTHAX American Funds College 2030 Fund	2.76%	11.55%	7.66%	9.26%	-11.69%	9.28%	10.86%	16.63%	-3.63%	15.27%
AIVSX American Funds Investment Company of America Class A	10.91%	20.47%	24.90%	28.56%	-15.50%	25.10%	14.47%	24.10%	-8.21%	19.54%

Correlation

The correlation between CTHAX and AIVSX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013	0.89

The correlation between CTHAX and AIVSX shifts across timeframes, from 0.77 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CTHAX vs. AIVSX — Risk / Return Rank

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

CTHAX

CTHAX Risk / Return Rank: 58
CTHAX Sharpe Ratio Rank: 63
CTHAX Sortino Ratio Rank: 65
CTHAX Omega Ratio Rank: 67
CTHAX Calmar Ratio Rank: 44
CTHAX Martin Ratio Rank: 52

AIVSX

AIVSX Risk / Return Rank: 55
AIVSX Sharpe Ratio Rank: 56
AIVSX Sortino Ratio Rank: 52
AIVSX Omega Ratio Rank: 53
AIVSX Calmar Ratio Rank: 51
AIVSX Martin Ratio Rank: 63

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.

CTHAX vs. AIVSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds College 2030 Fund (CTHAX) and American Funds Investment Company of America Class A (AIVSX). 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.

	CTHAX	AIVSX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.21	+0.12
Sortino ratio: Return per unit of downside risk	3.38	3.03	+0.34
Omega ratio: Gain probability vs. loss probability	1.45	1.40	+0.05
Calmar ratio: Return relative to maximum drawdown	2.55	2.73	-0.18
Martin ratio: Return relative to average drawdown	10.59	12.38	-1.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CTHAX vs. AIVSX - Sharpe Ratio Comparison

The current CTHAX Sharpe Ratio is 2.33, which is comparable to the AIVSX Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of CTHAX and AIVSX, 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

	CTHAX	AIVSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.21	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.94	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	0.86	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.70	+0.15

Drawdowns

CTHAX vs. AIVSX - Drawdown Comparison

The maximum CTHAX drawdown since its inception was -17.17%, smaller than the maximum AIVSX drawdown of -50.90%. Use the drawdown chart below to compare losses from any high point for CTHAX and AIVSX.

Drawdown Indicators

	CTHAX	AIVSX	Difference
Max Drawdown Largest peak-to-trough decline	-17.17%	-50.90%	+33.73%
Max Drawdown (1Y) Largest decline over 1 year	-4.03%	-10.08%	+6.05%
Max Drawdown (3Y) Largest decline over 3 years	-6.16%	-17.40%	+11.24%
Max Drawdown (5Y) Largest decline over 5 years	-17.11%	-24.31%	+7.20%
Max Drawdown (10Y) Largest decline over 10 years	-17.17%	-31.09%	+13.92%
Current Drawdown Current decline from peak	-0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.81%	-5.91%	+3.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	2.22%	-1.25%

Volatility

CTHAX vs. AIVSX - Volatility Comparison

The current volatility for American Funds College 2030 Fund (CTHAX) is 1.58%, while American Funds Investment Company of America Class A (AIVSX) has a volatility of 3.26%. This indicates that CTHAX experiences smaller price fluctuations and is considered to be less risky than AIVSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CTHAX	AIVSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.58%	3.26%	-1.68%
Volatility (6M) Calculated over the trailing 6-month period	3.49%	9.72%	-6.23%
Volatility (1Y) Calculated over the trailing 1-year period	4.40%	12.46%	-8.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.74%	16.00%	-9.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.85%	16.58%	-8.73%

CTHAX vs. AIVSX - Expense Ratio Comparison

CTHAX has a 0.41% expense ratio, which is lower than AIVSX's 0.57% expense ratio.

Dividends

CTHAX vs. AIVSX - Dividend Comparison

CTHAX's dividend yield for the trailing twelve months is around 5.40%, less than AIVSX's 9.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIVSX American Funds Investment Company of America Class A	9.58%	10.60%	9.29%	4.96%	6.12%	6.94%	1.65%	6.15%	9.61%	7.08%	5.48%	8.95%
CTHAX American Funds College 2030 Fund	5.40%	5.55%	3.94%	2.98%	4.05%	12.40%	5.63%	4.55%	6.43%	3.74%	4.26%	4.01%

Frequently Asked Questions

Can I hold both CTHAX and AIVSX in my portfolio?

CTHAX and AIVSX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CTHAX or AIVSX?

AIVSX has higher volatility (3.26%) compared to CTHAX (1.58%). In terms of maximum drawdown, CTHAX dropped -17.17% vs AIVSX's -50.90%.

Which has better risk-adjusted returns?

CTHAX currently has the higher Sharpe Ratio (2.33 vs 2.21), 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.