DRIHX vs. AAGTX
Compare and contrast key facts about Dimensional 2040 Target Date Retirement Income Fund (DRIHX) and American Funds 2040 Target Date Retirement Fund (AAGTX).
DRIHX is managed by Dimensional Fund Advisors LP. It was launched on Nov 1, 2015. AAGTX is managed by American Funds. It was launched on Jan 31, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DRIHX or AAGTX.
Performance
DRIHX vs. AAGTX - Performance Comparison
Returns By Period
In the year-to-date period, DRIHX achieves a 12.72% return, which is significantly lower than AAGTX's 14.78% return.
DRIHX
12.72%
-0.31%
5.92%
18.85%
8.42%
N/A
AAGTX
14.78%
-0.89%
6.43%
21.70%
9.99%
9.03%
Key characteristics
| DRIHX | AAGTX | |
|---|---|---|
| Sharpe Ratio | 2.15 | 2.16 |
| Sortino Ratio | 3.06 | 2.99 |
| Omega Ratio | 1.39 | 1.40 |
| Calmar Ratio | 2.32 | 2.58 |
| Martin Ratio | 13.19 | 14.14 |
| Ulcer Index | 1.40% | 1.51% |
| Daily Std Dev | 8.58% | 9.90% |
| Max Drawdown | -27.96% | -48.78% |
| Current Drawdown | -1.64% | -2.03% |
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DRIHX vs. AAGTX - Expense Ratio Comparison
DRIHX has a 0.22% expense ratio, which is lower than AAGTX's 0.33% expense ratio.
Correlation
The correlation between DRIHX and AAGTX 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.
Risk-Adjusted Performance
DRIHX vs. AAGTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional 2040 Target Date Retirement Income Fund (DRIHX) 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.
Dividends
DRIHX vs. AAGTX - Dividend Comparison
DRIHX's dividend yield for the trailing twelve months is around 2.57%, more than AAGTX's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIHX Dimensional 2040 Target Date Retirement Income Fund | 2.57% | 2.58% | 2.55% | 1.60% | 1.38% | 2.01% | 2.17% | 1.86% | 2.02% | 0.02% | 0.00% | 0.00% |
AAGTX American Funds 2040 Target Date Retirement Fund | 1.28% | 1.47% | 1.08% | 0.77% | 0.78% | 1.01% | 1.09% | 0.89% | 1.00% | 0.80% | 4.84% | 3.35% |
Drawdowns
DRIHX vs. AAGTX - Drawdown Comparison
The maximum DRIHX drawdown since its inception was -27.96%, smaller than the maximum AAGTX drawdown of -48.78%. Use the drawdown chart below to compare losses from any high point for DRIHX and AAGTX. For additional features, visit the drawdowns tool.
Volatility
DRIHX vs. AAGTX - Volatility Comparison
The current volatility for Dimensional 2040 Target Date Retirement Income Fund (DRIHX) is 2.47%, while American Funds 2040 Target Date Retirement Fund (AAGTX) has a volatility of 2.81%. This indicates that DRIHX 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.