FAQTX vs. CCCMX
FAQTX (American Funds 2035 Target Date Retirement Fund Class F-1) and CCCMX (Capital Group California Core Municipal Fund) are both mutual funds - FAQTX is a Target Retirement Date fund tracking the S&P Target Date 2035 Index, while CCCMX is a Municipal Bonds fund managed by Capital Group. Over the past 10 years, FAQTX returned 9.93%/yr vs 1.32%/yr for CCCMX. Their 0.03 correlation means their historical movements had little consistent relationship. FAQTX charges 0.70%/yr vs 0.27%/yr for CCCMX.
Performance
FAQTX vs. CCCMX - Performance Comparison
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Returns By Period
In the year-to-date period, FAQTX achieves a 5.75% return, which is significantly higher than CCCMX's -0.14% return. Over the past 10 years, FAQTX has outperformed CCCMX with an annualized return of 9.93%, while CCCMX has yielded a comparatively lower 1.32% annualized return.
FAQTX
- 1D
- 0.14%
- 1M
- -0.36%
- 6M
- 2.96%
- YTD
- 5.75%
- 1Y
- 11.86%
- 3Y*
- 13.08%
- 5Y*
- 7.05%
- 10Y*
- 9.93%
- ALL TIME*
- 8.94%
CCCMX
- 1D
- 0.20%
- 1M
- -0.93%
- 6M
- -0.71%
- YTD
- -0.14%
- 1Y
- 3.01%
- 3Y*
- 2.83%
- 5Y*
- 0.91%
- 10Y*
- 1.32%
- ALL TIME*
- 1.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FAQTX vs. CCCMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAQTX American Funds 2035 Target Date Retirement Fund Class F-1 | 5.75% | 16.70% | 12.40% | 16.47% | -16.54% | 15.16% | 17.15% | 22.78% | -5.50% | 20.65% |
CCCMX Capital Group California Core Municipal Fund | -0.14% | 4.69% | 1.42% | 3.46% | -4.27% | 0.02% | 3.81% | 4.61% | 1.70% | 2.39% |
Correlation
The correlation between FAQTX and CCCMX is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2014 | 0.03 |
Over the past year, FAQTX and CCCMX have become more correlated (0.34) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
FAQTX vs. CCCMX — Risk / Return Rank
FAQTX
CCCMX
FAQTX vs. CCCMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds 2035 Target Date Retirement Fund Class F-1 (FAQTX) and Capital Group California Core Municipal Fund (CCCMX). 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.
| FAQTX | CCCMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.41 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.32 | +0.33 |
| Martin ratioReturn relative to average drawdown | 7.17 | 3.33 | +3.85 |
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Drawdowns
FAQTX vs. CCCMX - Drawdown Comparison
The maximum FAQTX drawdown since its inception was -26.70%, which is greater than CCCMX's maximum drawdown of -7.58%. Use the drawdown chart below to compare losses from any high point for FAQTX and CCCMX.
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Drawdown Indicators
| FAQTX | CCCMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.70% | -7.58% | -19.12% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -2.37% | -4.64% |
Max Drawdown (3Y)Largest decline over 3 years | -10.56% | -3.02% | -7.54% |
Max Drawdown (5Y)Largest decline over 5 years | -23.34% | -7.25% | -16.09% |
Max Drawdown (10Y)Largest decline over 10 years | -26.70% | -7.58% | -19.12% |
Current DrawdownCurrent decline from peak | -1.53% | -1.87% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -1.64% | -2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 0.94% | +0.67% |
Volatility
FAQTX vs. CCCMX - Volatility Comparison
American Funds 2035 Target Date Retirement Fund Class F-1 (FAQTX) has a higher volatility of 1.98% compared to Capital Group California Core Municipal Fund (CCCMX) at 0.66%. This indicates that FAQTX's price experiences larger fluctuations and is considered to be riskier than CCCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAQTX | CCCMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 0.66% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 7.24% | 1.54% | +5.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.03% | 1.83% | +7.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.51% | 2.34% | +9.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.66% | 2.42% | +10.24% |
FAQTX vs. CCCMX - Expense Ratio Comparison
FAQTX has a 0.70% expense ratio, which is higher than CCCMX's 0.27% expense ratio.
Dividends
FAQTX vs. CCCMX - Dividend Comparison
FAQTX's dividend yield for the trailing twelve months is around 5.67%, more than CCCMX's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCCMX Capital Group California Core Municipal Fund | 2.60% | 2.51% | 2.39% | 1.71% | 1.11% | 1.61% | 2.35% | 1.95% | 1.97% | 1.41% | 0.00% | 0.00% |
FAQTX American Funds 2035 Target Date Retirement Fund Class F-1 | 5.67% | 6.00% | 4.26% | 2.61% | 5.41% | 5.26% | 3.56% | 4.23% | 4.82% | 2.43% | 3.73% | 5.68% |
Frequently Asked Questions
FAQTX and CCCMX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAQTX has higher volatility (1.98%) compared to CCCMX (0.66%). In terms of maximum drawdown, FAQTX dropped -26.70% vs CCCMX's -7.58%.
CCCMX currently has the higher Sharpe Ratio (1.71 vs 1.28), 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.
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