AGEPX vs. AGEYX

Last updated Jun 4, 2026

AGEPX (American Beacon Frontier Markets Income Fund) and AGEYX (American Beacon Developing World Income Fund Class Y) are both Emerging Markets Bonds funds from American Beacon. Over the past 10 years, AGEPX returned 7.64%/yr vs 7.90%/yr for AGEYX. With a 0.95 correlation, they move nearly in lockstep. AGEPX charges 1.38%/yr vs 1.14%/yr for AGEYX.

Performance

AGEPX vs. AGEYX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with AGEPX having a 6.76% return and AGEYX slightly lower at 6.71%. Both investments have delivered pretty close results over the past 10 years, with AGEPX having a 7.64% annualized return and AGEYX not far ahead at 7.90%.

AGEPX

• 1D: 0.39%
• 1M: 1.38%
• YTD: 6.76%
• 6M: 8.20%
• 1Y: 21.00%
• 3Y*: 16.96%
• 5Y*: 7.92%
• 10Y*: 7.64%

AGEYX

• 1D: 0.26%
• 1M: 1.27%
• YTD: 6.71%
• 6M: 8.31%
• 1Y: 21.24%
• 3Y*: 17.21%
• 5Y*: 8.17%
• 10Y*: 7.90%

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

AGEPX vs. AGEYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGEPX American Beacon Frontier Markets Income Fund	6.76%	18.76%	15.58%	12.83%	-12.84%	6.64%	2.25%	13.10%	-3.51%	14.90%
AGEYX American Beacon Developing World Income Fund Class Y	6.71%	19.15%	15.85%	13.10%	-12.62%	6.91%	2.54%	13.49%	-3.42%	15.26%

Correlation

The correlation between AGEPX and AGEYX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015	0.95

The correlation between AGEPX and AGEYX has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.

Return for Risk

AGEPX vs. AGEYX — Risk / Return Rank

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

AGEPX

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

AGEYX

AGEYX Risk / Return Rank: 98
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) 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.

AGEPX vs. AGEYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon Frontier Markets Income Fund (AGEPX) 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.

	AGEPX	AGEYX	Difference
Sharpe ratio: Return per unit of total volatility	5.84	5.79	+0.05
Sortino ratio: Return per unit of downside risk	9.93	9.68	+0.24
Omega ratio: Gain probability vs. loss probability	2.59	2.65	-0.06
Calmar ratio: Return relative to maximum drawdown	6.76	6.84	-0.08
Martin ratio: Return relative to average drawdown	30.62	30.67	-0.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGEPX vs. AGEYX - Sharpe Ratio Comparison

The current AGEPX Sharpe Ratio is 5.84, which is comparable to the AGEYX Sharpe Ratio of 5.79. The chart below compares the historical Sharpe Ratios of AGEPX 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.

Sharpe Ratios by Period

	AGEPX	AGEYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.84	5.79	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.54	1.59	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.54	1.59	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	1.38	-0.05

Drawdowns

AGEPX vs. AGEYX - Drawdown Comparison

The maximum AGEPX drawdown since its inception was -22.47%, roughly equal to the maximum AGEYX drawdown of -22.24%. Use the drawdown chart below to compare losses from any high point for AGEPX and AGEYX.

Drawdown Indicators

	AGEPX	AGEYX	Difference
Max Drawdown Largest peak-to-trough decline	-22.47%	-22.24%	-0.23%
Max Drawdown (1Y) Largest decline over 1 year	-3.17%	-3.15%	-0.02%
Max Drawdown (3Y) Largest decline over 3 years	-4.80%	-4.77%	-0.03%
Max Drawdown (5Y) Largest decline over 5 years	-22.47%	-22.24%	-0.23%
Max Drawdown (10Y) Largest decline over 10 years	-22.47%	-22.24%	-0.23%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.64%	-3.55%	-0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	0.70%	0.00%

Volatility

AGEPX vs. AGEYX - Volatility Comparison

American Beacon Frontier Markets Income Fund (AGEPX) and American Beacon Developing World Income Fund Class Y (AGEYX) have volatilities of 0.89% and 0.85%, 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.

Volatility by Period

	AGEPX	AGEYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.89%	0.85%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	2.99%	3.04%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	3.67%	3.72%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.16%	5.16%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.98%	4.99%	-0.01%

AGEPX vs. AGEYX - Expense Ratio Comparison

AGEPX has a 1.38% expense ratio, which is higher than AGEYX's 1.14% expense ratio.

Dividends

AGEPX vs. AGEYX - Dividend Comparison

AGEPX's dividend yield for the trailing twelve months is around 9.58%, less than AGEYX's 9.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGEPX American Beacon Frontier Markets Income Fund	9.58%	9.79%	11.92%	9.40%	7.26%	7.65%	7.07%	8.38%	9.55%	7.09%	8.28%	6.80%
AGEYX American Beacon Developing World Income Fund Class Y	9.79%	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 AGEPX and AGEYX in my portfolio?

AGEPX and AGEYX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGEPX or AGEYX?

AGEPX has higher volatility (0.89%) compared to AGEYX (0.85%). In terms of maximum drawdown, AGEPX dropped -22.47% vs AGEYX's -22.24%.

Which has better risk-adjusted returns?

AGEPX currently has the higher Sharpe Ratio (5.84 vs 5.79), 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.