RFHTX vs. AIVSX
RFHTX (American Funds 2045 Target Date Retirement Fund Class R-6) and AIVSX (American Funds Investment Company of America Class A) are both mutual funds - RFHTX is a Target Retirement Date fund tracking the S&P Target Date 2045 Index, while AIVSX is a Large Cap Blend Equities fund managed by American Funds. Over the past 10 years, RFHTX returned 12.23%/yr vs 14.27%/yr for AIVSX. With a 0.97 correlation, they move nearly in lockstep. RFHTX charges 0.37%/yr vs 0.57%/yr for AIVSX.
Performance
RFHTX vs. AIVSX - Performance Comparison
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Returns By Period
In the year-to-date period, RFHTX achieves a 10.26% return, which is significantly lower than AIVSX's 10.91% return. Over the past 10 years, RFHTX has underperformed AIVSX with an annualized return of 12.23%, while AIVSX has yielded a comparatively higher 14.27% annualized return.
RFHTX
- 1D
- 0.23%
- 1M
- 4.53%
- YTD
- 10.26%
- 6M
- 11.02%
- 1Y
- 24.96%
- 3Y*
- 19.09%
- 5Y*
- 10.04%
- 10Y*
- 12.23%
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%
RFHTX vs. AIVSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RFHTX American Funds 2045 Target Date Retirement Fund Class R-6 | 10.26% | 20.44% | 15.18% | 20.16% | -18.16% | 17.23% | 19.22% | 24.65% | -5.57% | 22.44% |
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 RFHTX and AIVSX 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 | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2010 | 0.97 |
The correlation between RFHTX and AIVSX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
RFHTX vs. AIVSX — Risk / Return Rank
RFHTX
AIVSX
RFHTX vs. AIVSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds 2045 Target Date Retirement Fund Class R-6 (RFHTX) 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.
| RFHTX | AIVSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.40 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 2.73 | +0.06 |
| Martin ratioReturn relative to average drawdown | 12.65 | 12.38 | +0.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RFHTX | AIVSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | 2.21 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.94 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.86 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.70 | +0.08 |
Drawdowns
RFHTX vs. AIVSX - Drawdown Comparison
The maximum RFHTX drawdown since its inception was -28.95%, smaller than the maximum AIVSX drawdown of -50.90%. Use the drawdown chart below to compare losses from any high point for RFHTX and AIVSX.
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Drawdown Indicators
| RFHTX | AIVSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.95% | -50.90% | +21.95% |
Max Drawdown (1Y)Largest decline over 1 year | -9.16% | -10.08% | +0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -14.47% | -17.40% | +2.93% |
Max Drawdown (5Y)Largest decline over 5 years | -25.62% | -24.31% | -1.31% |
Max Drawdown (10Y)Largest decline over 10 years | -28.95% | -31.09% | +2.14% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -5.91% | +1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.22% | -0.21% |
Volatility
RFHTX vs. AIVSX - Volatility Comparison
American Funds 2045 Target Date Retirement Fund Class R-6 (RFHTX) and American Funds Investment Company of America Class A (AIVSX) have volatilities of 3.21% and 3.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RFHTX | AIVSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 3.26% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 8.93% | 9.72% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.16% | 12.46% | -1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 16.00% | -2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.58% | 16.58% | -2.00% |
RFHTX vs. AIVSX - Expense Ratio Comparison
RFHTX has a 0.37% expense ratio, which is lower than AIVSX's 0.57% expense ratio.
Dividends
RFHTX vs. AIVSX - Dividend Comparison
RFHTX's dividend yield for the trailing twelve months is around 5.54%, 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% |
RFHTX American Funds 2045 Target Date Retirement Fund Class R-6 | 5.54% | 6.10% | 3.67% | 2.75% | 7.05% | 4.89% | 3.45% | 4.52% | 5.18% | 2.60% | 3.78% | 5.04% |
Frequently Asked Questions
With a correlation of 0.96, RFHTX and AIVSX 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.
AIVSX has higher volatility (3.26%) compared to RFHTX (3.21%). In terms of maximum drawdown, RFHTX dropped -28.95% vs AIVSX's -50.90%.
RFHTX currently has the higher Sharpe Ratio (2.29 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.
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