AGEYX vs. AADEX

Last updated Jun 23, 2026

AGEYX (American Beacon Developing World Income Fund Class Y) and AADEX (American Beacon Large Cap Value Fund) are both mutual funds - AGEYX is a Emerging Markets Bonds fund tracking the JPMorgan® EMBI Global Diversified Index, while AADEX is a Large Cap Value Equities fund managed by American Beacon. Over the past 10 years, AGEYX returned 7.97%/yr vs 11.94%/yr for AADEX. At a 0.25 correlation, their price movements are largely independent. AGEYX charges 1.14%/yr vs 0.63%/yr for AADEX.

Performance

AGEYX vs. AADEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Beacon Developing World Income Fund Class Y (AGEYX) and American Beacon Large Cap Value Fund (AADEX). 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 AGEYX having a 7.67% return and AADEX slightly lower at 7.35%. Over the past 10 years, AGEYX has underperformed AADEX with an annualized return of 7.97%, while AADEX has yielded a comparatively higher 11.94% annualized return.

AGEYX

• 1D: 0.13%
• 1M: 1.92%
• YTD: 7.67%
• 6M: 8.42%
• 1Y: 20.46%
• 3Y*: 17.04%
• 5Y*: 8.28%
• 10Y*: 7.97%

AADEX

• 1D: -0.10%
• 1M: 0.80%
• YTD: 7.35%
• 6M: 6.56%
• 1Y: 19.75%
• 3Y*: 15.78%
• 5Y*: 10.84%
• 10Y*: 11.94%

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

AGEYX vs. AADEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGEYX American Beacon Developing World Income Fund Class Y	7.67%	19.15%	15.85%	13.10%	-12.62%	6.91%	2.54%	13.49%	-3.42%	15.26%
AADEX American Beacon Large Cap Value Fund	7.35%	14.65%	15.37%	13.51%	-5.40%	28.07%	3.15%	29.72%	-12.12%	17.17%

Correlation

The correlation between AGEYX and AADEX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.25

Return for Risk

AGEYX vs. AADEX — Risk / Return Rank

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

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

AADEX

AADEX Risk / Return Rank: 44
AADEX Sharpe Ratio Rank: 39
AADEX Sortino Ratio Rank: 40
AADEX Omega Ratio Rank: 37
AADEX Calmar Ratio Rank: 55
AADEX Martin Ratio Rank: 47

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.

AGEYX vs. AADEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon Developing World Income Fund Class Y (AGEYX) and American Beacon Large Cap Value Fund (AADEX). 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.

	AGEYX	AADEX	Difference
Sharpe ratio: Return per unit of total volatility	5.55	1.69	+3.86
Sortino ratio: Return per unit of downside risk	9.24	2.44	+6.79
Omega ratio: Gain probability vs. loss probability	2.54	1.30	+1.24
Calmar ratio: Return relative to maximum drawdown	6.59	2.71	+3.87
Martin ratio: Return relative to average drawdown	29.48	9.28	+20.21

AGEYX vs. AADEX - Sharpe Ratio Comparison

The current AGEYX Sharpe Ratio is 5.55, which is higher than the AADEX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of AGEYX and AADEX, 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

AGEYX vs. AADEX - Drawdown Comparison

The maximum AGEYX drawdown since its inception was -22.24%, smaller than the maximum AADEX drawdown of -59.56%. Use the drawdown chart below to compare losses from any high point for AGEYX and AADEX.

Drawdown Indicators

	AGEYX	AADEX	Difference
Max Drawdown Largest peak-to-trough decline	-22.24%	-59.56%	+37.32%
Max Drawdown (1Y) Largest decline over 1 year	-3.15%	-7.31%	+4.16%
Max Drawdown (3Y) Largest decline over 3 years	-4.77%	-19.24%	+14.47%
Max Drawdown (5Y) Largest decline over 5 years	-22.24%	-19.67%	-2.57%
Max Drawdown (10Y) Largest decline over 10 years	-22.24%	-41.69%	+19.45%
Current Drawdown Current decline from peak	0.00%	-1.83%	+1.83%
Average Drawdown Average peak-to-trough decline	-3.53%	-8.02%	+4.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	2.13%	-1.43%

Volatility

AGEYX vs. AADEX - Volatility Comparison

The current volatility for American Beacon Developing World Income Fund Class Y (AGEYX) is 0.86%, while American Beacon Large Cap Value Fund (AADEX) has a volatility of 3.54%. This indicates that AGEYX experiences smaller price fluctuations and is considered to be less risky than AADEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGEYX	AADEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.86%	3.54%	-2.68%
Volatility (6M) Calculated over the trailing 6-month period	3.10%	8.51%	-5.41%
Volatility (1Y) Calculated over the trailing 1-year period	3.74%	11.74%	-8.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.17%	17.26%	-12.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.99%	19.53%	-14.54%

AGEYX vs. AADEX - Expense Ratio Comparison

AGEYX has a 1.14% expense ratio, which is higher than AADEX's 0.63% expense ratio.

Dividends

AGEYX vs. AADEX - Dividend Comparison

AGEYX's dividend yield for the trailing twelve months is around 9.70%, less than AADEX's 11.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AADEX American Beacon Large Cap Value Fund	11.16%	11.98%	12.61%	5.28%	11.80%	11.20%	14.65%	9.93%	10.39%	10.73%	2.97%	11.85%
AGEYX American Beacon Developing World Income Fund Class Y	9.70%	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 AGEYX and AADEX in my portfolio?

AGEYX and AADEX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGEYX or AADEX?

AADEX has higher volatility (3.54%) compared to AGEYX (0.86%). In terms of maximum drawdown, AGEYX dropped -22.24% vs AADEX's -59.56%.

Which has better risk-adjusted returns?

AGEYX currently has the higher Sharpe Ratio (5.55 vs 1.69), 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.