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AHLIX vs. ^CASHX
Performance
Return for Risk
Drawdowns
Volatility

AHLIX vs. ^CASHX

Last updated Jun 5, 2026

AHLIX (American Beacon AHL Managed Futures Strategy Fund Class R5) is Systematic Trend fund actively managed by American Beacon, while ^CASHX (US Money Market Index) is an index. Over the past 10 years, AHLIX returned 5.14%/yr vs 2.31%/yr for ^CASHX. At a correlation of -0.00, they often move in opposite directions.

Performance

AHLIX vs. ^CASHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Beacon AHL Managed Futures Strategy Fund Class R5 (AHLIX) and US Money Market Index (^CASHX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AHLIX achieves a 12.80% return, which is significantly higher than ^CASHX's 1.52% return. Over the past 10 years, AHLIX has outperformed ^CASHX with an annualized return of 5.14%, while ^CASHX has yielded a comparatively lower 2.31% annualized return.

AHLIX

1D
-0.09%
1M
2.58%
YTD
12.80%
6M
14.69%
1Y
31.10%
3Y*
5.04%
5Y*
4.79%
10Y*
5.14%

^CASHX

1D
0.01%
1M
0.28%
YTD
1.52%
6M
1.79%
1Y
3.91%
3Y*
4.64%
5Y*
3.52%
10Y*
2.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AHLIX vs. ^CASHX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AHLIX
American Beacon AHL Managed Futures Strategy Fund Class R5		12.80%2.59%2.07%-3.85%16.94%5.09%10.71%0.44%2.52%5.23%
^CASHX
US Money Market Index		1.52%4.21%5.16%5.03%1.68%0.08%0.37%2.16%1.83%1.00%

Correlation

The correlation between AHLIX and ^CASHX is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.00

Correlation (3Y)
Calculated over the trailing 3-year period

-0.04

Correlation (5Y)
Calculated over the trailing 5-year period

-0.03

Correlation (10Y)
Calculated over the trailing 10-year period

-0.01

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2015

-0.00

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

American Beacon AHL Managed Futures Strategy Fund Class R5

US Money Market Index

Often compared with AHLIX:
AHLIX vs. QNZNXAHLIX vs. QMHNXAHLIX vs. AAIEXAHLIX vs. LOTIXAHLIX vs. AHLPXAHLIX vs. AVFIXAHLIX vs. QMHIX
Often compared with ^CASHX:
^CASHX vs. SPAXX^CASHX vs. VBIL^CASHX vs. VUSXX^CASHX vs. VMRXX^CASHX vs. SWVXX^CASHX vs. FXNAX^CASHX vs. JAAA

Return for Risk

AHLIX vs. ^CASHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AHLIX
AHLIX Risk / Return Rank: 8888
Overall Rank
AHLIX Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
AHLIX Sortino Ratio Rank: 8282
Sortino Ratio Rank
AHLIX Omega Ratio Rank: 8181
Omega Ratio Rank
AHLIX Calmar Ratio Rank: 9696
Calmar Ratio Rank
AHLIX Martin Ratio Rank: 9494
Martin Ratio Rank
^CASHX
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.

AHLIX vs. ^CASHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon AHL Managed Futures Strategy Fund Class R5 (AHLIX) and US Money Market Index (^CASHX). 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.

AHLIX^CASHXDifference
Sharpe ratioReturn per unit of total volatility
2.90
258.06

-255.16

Sortino ratioReturn per unit of downside risk
3.88

—

—

Omega ratioGain probability vs. loss probability

1.53

—

—

Calmar ratioReturn relative to maximum drawdown

6.42

—

—

Martin ratioReturn relative to average drawdown

20.40

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AHLIX vs. ^CASHX - Sharpe Ratio Comparison

The current AHLIX Sharpe Ratio is 2.90, which is lower than the ^CASHX Sharpe Ratio of 258.06. The chart below compares the historical Sharpe Ratios of AHLIX and ^CASHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

AHLIX^CASHXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.90

258.06

-255.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

36.56

-36.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

23.98

-23.44

Sharpe Ratio (All Time)

Calculated using the full available price history

0.47

25.99

-25.52

Drawdowns

AHLIX vs. ^CASHX - Drawdown Comparison

The maximum AHLIX drawdown since its inception was -21.62%, which is greater than ^CASHX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for AHLIX and ^CASHX.

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Drawdown Indicators

AHLIX^CASHXDifference

Max Drawdown

Largest peak-to-trough decline

-21.62%

0.00%

-21.62%

Max Drawdown (1Y)

Largest decline over 1 year

-4.91%

0.00%

-4.91%

Max Drawdown (3Y)

Largest decline over 3 years

-21.62%

0.00%

-21.62%

Max Drawdown (5Y)

Largest decline over 5 years

-21.62%

0.00%

-21.62%

Max Drawdown (10Y)

Largest decline over 10 years

-21.62%

0.00%

-21.62%

Current Drawdown

Current decline from peak

-0.09%

0.00%

-0.09%

Average Drawdown

Average peak-to-trough decline

-6.56%

0.00%

-6.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.54%

0.00%

+1.54%

Volatility

AHLIX vs. ^CASHX - Volatility Comparison

American Beacon AHL Managed Futures Strategy Fund Class R5 (AHLIX) has a higher volatility of 2.38% compared to US Money Market Index (^CASHX) at 0.00%. This indicates that AHLIX's price experiences larger fluctuations and is considered to be riskier than ^CASHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AHLIX^CASHXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.38%

0.00%

+2.38%

Volatility (6M)

Calculated over the trailing 6-month period

7.67%

0.00%

+7.67%

Volatility (1Y)

Calculated over the trailing 1-year period

10.87%

0.01%

+10.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.63%

0.08%

+9.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.48%

0.08%

+9.40%

Frequently Asked Questions

AHLIX and ^CASHX have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AHLIX has higher volatility (2.38%) compared to ^CASHX (0.00%). In terms of maximum drawdown, AHLIX dropped -21.62% vs ^CASHX's 0.00%.

^CASHX currently has the higher Sharpe Ratio (258.06 vs 2.90), 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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