AHLIX vs. AHTPX
AHLIX (American Beacon AHL Managed Futures Strategy Fund Class R5) and AHTPX (American Beacon AHL TargetRisk Fund) are both mutual funds - AHLIX is a Systematic Trend fund actively managed by American Beacon, while AHTPX is a Tactical Allocation fund managed by American Beacon. Over the past 5 years, AHLIX returned 4.64%/yr vs 3.26%/yr for AHTPX. Their 0.22 correlation means their historical movements had little consistent relationship. AHLIX charges 1.53%/yr vs 1.41%/yr for AHTPX.
Performance
AHLIX vs. AHTPX - Performance Comparison
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Returns By Period
In the year-to-date period, AHLIX achieves a 10.28% return, which is significantly higher than AHTPX's 6.27% return.
AHLIX
- 1D
- -0.66%
- 1M
- -0.19%
- 6M
- 4.37%
- YTD
- 10.28%
- 1Y
- 27.88%
- 3Y*
- 4.02%
- 5Y*
- 4.64%
- 10Y*
- 4.76%
- ALL TIME*
- 4.14%
AHTPX
- 1D
- 0.27%
- 1M
- -0.87%
- 6M
- 0.71%
- YTD
- 6.27%
- 1Y
- 18.61%
- 3Y*
- 7.87%
- 5Y*
- 3.26%
- 10Y*
- —
- ALL TIME*
- 7.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AHLIX vs. AHTPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AHLIX American Beacon AHL Managed Futures Strategy Fund Class R5 | 10.28% | 2.59% | 2.07% | -3.85% | 16.94% | 5.09% | 10.71% | 0.44% | -0.09% |
AHTPX American Beacon AHL TargetRisk Fund | 6.27% | 7.76% | 6.73% | 13.48% | -16.81% | 13.63% | 5.18% | 26.87% | 0.00% |
Correlation
The correlation between AHLIX and AHTPX is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2018 | 0.22 |
Over the past year, AHLIX and AHTPX have become more correlated (0.60) than their long-term average of 0.22, meaning their price movements have been converging.
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Return for Risk
AHLIX vs. AHTPX — Risk / Return Rank
AHLIX
AHTPX
AHLIX vs. AHTPX - 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 American Beacon AHL TargetRisk Fund (AHTPX). 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.
| AHLIX | AHTPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.31 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 7.05 | 2.29 | +4.75 |
| Martin ratioReturn relative to average drawdown | 17.42 | 5.68 | +11.74 |
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Drawdowns
AHLIX vs. AHTPX - Drawdown Comparison
The maximum AHLIX drawdown since its inception was -21.62%, which is greater than AHTPX's maximum drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for AHLIX and AHTPX.
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Drawdown Indicators
| AHLIX | AHTPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.62% | -19.23% | -2.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -7.26% | +3.74% |
Max Drawdown (3Y)Largest decline over 3 years | -21.62% | -12.89% | -8.73% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -19.23% | -2.39% |
Max Drawdown (10Y)Largest decline over 10 years | -21.62% | — | — |
Current DrawdownCurrent decline from peak | -2.69% | -4.22% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -5.61% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 2.93% | -1.49% |
Volatility
AHLIX vs. AHTPX - Volatility Comparison
The current volatility for American Beacon AHL Managed Futures Strategy Fund Class R5 (AHLIX) is 2.45%, while American Beacon AHL TargetRisk Fund (AHTPX) has a volatility of 2.60%. This indicates that AHLIX experiences smaller price fluctuations and is considered to be less risky than AHTPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AHLIX | AHTPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.45% | 2.60% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.21% | 6.47% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.91% | 9.79% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.65% | 9.65% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.51% | 8.94% | +0.57% |
AHLIX vs. AHTPX - Expense Ratio Comparison
AHLIX has a 1.53% expense ratio, which is higher than AHTPX's 1.41% expense ratio.
Dividends
AHLIX vs. AHTPX - Dividend Comparison
AHLIX's dividend yield for the trailing twelve months is around 7.48%, which matches AHTPX's 7.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHLIX American Beacon AHL Managed Futures Strategy Fund Class R5 | 7.48% | 8.25% | 0.55% | 1.10% | 17.63% | 7.44% | 5.33% | 4.47% | 1.83% | 4.01% | 0.00% | 3.51% |
AHTPX American Beacon AHL TargetRisk Fund | 7.51% | 7.98% | 4.80% | 3.63% | 5.07% | 18.73% | 0.54% | 4.51% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AHLIX and AHTPX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AHTPX has higher volatility (2.60%) compared to AHLIX (2.45%). In terms of maximum drawdown, AHLIX dropped -21.62% vs AHTPX's -19.23%.
AHLIX currently has the higher Sharpe Ratio (2.28 vs 1.70), 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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