FAELX vs. FCQTX

Last updated Jun 24, 2026

FAELX (Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund) and FCQTX (American Funds 2065 Target Date Retirement Fund) are both Target Retirement Date funds. Over the past year, FAELX returned 20.37% vs 25.07% for FCQTX. A 0.76 correlation means they provide meaningful diversification when combined. FAELX charges 0.50%/yr vs 0.01%/yr for FCQTX.

Performance

FAELX vs. FCQTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund (FAELX) and American Funds 2065 Target Date Retirement Fund (FCQTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FAELX achieves a 9.40% return, which is significantly lower than FCQTX's 11.05% return.

FAELX

• 1D: -0.27%
• 1M: 2.27%
• YTD: 9.40%
• 6M: 9.08%
• 1Y: 20.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FCQTX

• 1D: -0.13%
• 1M: 2.33%
• YTD: 11.05%
• 6M: 10.57%
• 1Y: 25.07%
• 3Y*: 19.48%
• 5Y*: 9.99%
• 10Y*: —

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

FAELX vs. FCQTX - Yearly Performance Comparison

	2026 (YTD)	2025
FAELX Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund	9.40%	17.33%
FCQTX American Funds 2065 Target Date Retirement Fund	11.05%	20.67%

Correlation

The correlation between FAELX and FCQTX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jan 3, 2025	0.76

The correlation between FAELX and FCQTX has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.

Return for Risk

FAELX vs. FCQTX — Risk / Return Rank

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

FAELX

FAELX Risk / Return Rank: 75
FAELX Sharpe Ratio Rank: 74
FAELX Sortino Ratio Rank: 76
FAELX Omega Ratio Rank: 71
FAELX Calmar Ratio Rank: 74
FAELX Martin Ratio Rank: 79

FCQTX

FCQTX Risk / Return Rank: 56
FCQTX Sharpe Ratio Rank: 55
FCQTX Sortino Ratio Rank: 53
FCQTX Omega Ratio Rank: 55
FCQTX Calmar Ratio Rank: 53
FCQTX 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.

FAELX vs. FCQTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund (FAELX) and American Funds 2065 Target Date Retirement Fund (FCQTX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FAELX	FCQTX	Difference
Sharpe ratio: Return per unit of total volatility	2.31	2.03	+0.28
Sortino ratio: Return per unit of downside risk	3.35	2.81	+0.53
Omega ratio: Gain probability vs. loss probability	1.43	1.38	+0.05
Calmar ratio: Return relative to maximum drawdown	3.20	2.65	+0.55
Martin ratio: Return relative to average drawdown	13.74	11.79	+1.95

FAELX vs. FCQTX - Sharpe Ratio Comparison

The current FAELX Sharpe Ratio is 2.31, which is comparable to the FCQTX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of FAELX and FCQTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FAELX vs. FCQTX - Drawdown Comparison

The maximum FAELX drawdown since its inception was -11.54%, smaller than the maximum FCQTX drawdown of -27.34%. Use the drawdown chart below to compare losses from any high point for FAELX and FCQTX.

Drawdown Indicators

	FAELX	FCQTX	Difference
Max Drawdown Largest peak-to-trough decline	-11.54%	-27.34%	+15.80%
Max Drawdown (1Y) Largest decline over 1 year	-7.76%	-9.83%	+2.07%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.34%	—
Current Drawdown Current decline from peak	-0.27%	-0.18%	-0.09%
Average Drawdown Average peak-to-trough decline	-1.43%	-5.85%	+4.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	2.21%	-0.53%

Volatility

FAELX vs. FCQTX - Volatility Comparison

The current volatility for Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund (FAELX) is 4.39%, while American Funds 2065 Target Date Retirement Fund (FCQTX) has a volatility of 5.13%. This indicates that FAELX experiences smaller price fluctuations and is considered to be less risky than FCQTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAELX	FCQTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	5.13%	-0.74%
Volatility (6M) Calculated over the trailing 6-month period	9.03%	10.60%	-1.57%
Volatility (1Y) Calculated over the trailing 1-year period	10.78%	12.87%	-2.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.20%	14.86%	-1.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.20%	15.11%	-1.91%

FAELX vs. FCQTX - Expense Ratio Comparison

FAELX has a 0.50% expense ratio, which is higher than FCQTX's 0.01% expense ratio.

Dividends

FAELX vs. FCQTX - Dividend Comparison

FAELX has not paid dividends to shareholders, while FCQTX's dividend yield for the trailing twelve months is around 4.20%.

Position	TTM	2025	2024	2023	2022	2021	2020
FAELX Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FCQTX American Funds 2065 Target Date Retirement Fund	4.20%	4.67%	2.80%	1.99%	3.96%	1.54%	0.72%

Frequently Asked Questions

Can I hold both FAELX and FCQTX in my portfolio?

FAELX and FCQTX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FAELX or FCQTX?

FCQTX has higher volatility (5.13%) compared to FAELX (4.39%). In terms of maximum drawdown, FAELX dropped -11.54% vs FCQTX's -27.34%.

Which has better risk-adjusted returns?

FAELX currently has the higher Sharpe Ratio (2.31 vs 2.03), 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.