ADNPX vs. AGEYX

Last updated Aug 4, 2026

ADNPX (American Beacon ARK Transformational Innovation Fund) and AGEYX (American Beacon Developing World Income Fund Class Y) are both mutual funds - ADNPX is a Mid Cap Growth Equities fund managed by American Beacon, while AGEYX is a Emerging Markets Bonds fund tracking the JPMorgan® EMBI Global Diversified Index. Over the past 5 years, ADNPX returned -9.13%/yr vs 8.30%/yr for AGEYX. Their 0.22 correlation means their historical movements had little consistent relationship. ADNPX charges 1.39%/yr vs 1.14%/yr for AGEYX.

Performance

ADNPX vs. AGEYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Beacon ARK Transformational Innovation Fund (ADNPX) and American Beacon Developing World Income Fund Class Y (AGEYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADNPX achieves a -6.40% return, which is significantly lower than AGEYX's 8.07% return.

ADNPX

• 1D: -2.43%
• 1M: -13.02%
• 6M: -3.21%
• YTD: -6.40%
• 1Y: 1.31%
• 3Y*: 13.33%
• 5Y*: -9.13%
• 10Y*: —
• ALL TIME*: 12.72%

AGEYX

• 1D: 0.13%
• 1M: 0.26%
• 6M: 5.03%
• YTD: 8.07%
• 1Y: 17.83%
• 3Y*: 15.59%
• 5Y*: 8.30%
• 10Y*: 7.77%
• ALL TIME*: 6.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ADNPX American Beacon ARK Transformational Innovation Fund	$0.00	$0.00	$0.00
AGEYX American Beacon Developing World Income Fund Class Y	$0.00	$0.00	$0.00

ADNPX vs. AGEYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ADNPX American Beacon ARK Transformational Innovation Fund	-6.40%	35.66%	8.19%	67.46%	-66.37%	-22.90%	147.19%	31.93%	-3.50%	65.99%
AGEYX American Beacon Developing World Income Fund Class Y	8.07%	19.15%	15.85%	13.10%	-12.62%	6.91%	2.54%	13.49%	-3.42%	14.31%

Correlation

The correlation between ADNPX and AGEYX is 0.30, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.30
Correlation (3Y) Balances recent behavior with more history.	0.29
Correlation (5Y) Shows whether the relationship held over a longer period.	0.26
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.22

Return for Risk

ADNPX vs. AGEYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ADNPX

ADNPX Risk / Return Rank: 3
ADNPX Sharpe Ratio Rank: 3
ADNPX Sortino Ratio Rank: 4
ADNPX Omega Ratio Rank: 4
ADNPX Calmar Ratio Rank: 3
ADNPX Martin Ratio Rank: 3

AGEYX

AGEYX Risk / Return Rank: 99
AGEYX Sharpe Ratio Rank: 100
AGEYX Sortino Ratio Rank: 99
AGEYX Omega Ratio Rank: 99
AGEYX Calmar Ratio Rank: 97
AGEYX Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ADNPX vs. AGEYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon ARK Transformational Innovation Fund (ADNPX) and American Beacon Developing World Income Fund Class Y (AGEYX). 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.

	ADNPX	AGEYX	Difference
Sharpe ratio: Return per unit of total volatility	-0.11	4.75	-4.86
Sortino ratio: Return per unit of downside risk	0.09	7.91	-7.82
Omega ratio: Gain probability vs. loss probability	1.01	2.28	-1.27
Calmar ratio: Return relative to maximum drawdown	-0.13	5.62	-5.75
Martin ratio: Return relative to average drawdown	-0.29	25.11	-25.40

ADNPX vs. AGEYX - Sharpe Ratio Comparison

The current ADNPX Sharpe Ratio is -0.11, which is lower than the AGEYX Sharpe Ratio of 4.75. The chart below compares the historical Sharpe Ratios of ADNPX and AGEYX, 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

ADNPX vs. AGEYX - Drawdown Comparison

The maximum ADNPX drawdown since its inception was -79.98%, which is greater than AGEYX's maximum drawdown of -22.24%. Use the drawdown chart below to compare losses from any high point for ADNPX and AGEYX.

Drawdown Indicators

	ADNPX	AGEYX	Difference
Max Drawdown Largest peak-to-trough decline	-79.98%	-22.24%	-57.74%
Max Drawdown (1Y) Largest decline over 1 year	-30.04%	-3.15%	-26.89%
Max Drawdown (3Y) Largest decline over 3 years	-38.99%	-4.77%	-34.22%
Max Drawdown (5Y) Largest decline over 5 years	-75.82%	-22.24%	-53.58%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.24%	—
Current Drawdown Current decline from peak	-51.51%	0.00%	-51.51%
Average Drawdown Average peak-to-trough decline	-34.91%	-3.50%	-31.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.10%	0.70%	+13.40%

Volatility

ADNPX vs. AGEYX - Volatility Comparison

American Beacon ARK Transformational Innovation Fund (ADNPX) has a higher volatility of 10.38% compared to American Beacon Developing World Income Fund Class Y (AGEYX) at 0.60%. This indicates that ADNPX's price experiences larger fluctuations and is considered to be riskier than AGEYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADNPX	AGEYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.38%	0.60%	+9.78%
Volatility (6M) Calculated over the trailing 6-month period	28.07%	2.93%	+25.14%
Volatility (1Y) Calculated over the trailing 1-year period	36.07%	3.72%	+32.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.38%	5.17%	+40.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.64%	4.96%	+34.68%

ADNPX vs. AGEYX - Expense Ratio Comparison

ADNPX has a 1.39% expense ratio, which is higher than AGEYX's 1.14% expense ratio.

Dividends

ADNPX vs. AGEYX - Dividend Comparison

ADNPX has not paid dividends to shareholders, while AGEYX's dividend yield for the trailing twelve months is around 9.00%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADNPX American Beacon ARK Transformational Innovation Fund	0.00%	0.00%	0.00%	0.00%	9.67%	31.49%	0.39%	3.31%	6.56%	3.64%	0.00%	0.00%
AGEYX American Beacon Developing World Income Fund Class Y	9.00%	9.99%	12.16%	9.64%	7.50%	7.90%	7.34%	8.61%	9.88%	7.30%	8.43%	7.03%

Frequently Asked Questions

Can I hold both ADNPX and AGEYX in my portfolio?

ADNPX and AGEYX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADNPX or AGEYX?

ADNPX has higher volatility (10.38%) compared to AGEYX (0.60%). In terms of maximum drawdown, ADNPX dropped -79.98% vs AGEYX's -22.24%.

Which has better risk-adjusted returns?

AGEYX currently has the higher Sharpe Ratio (4.75 vs -0.11), 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.