AHLIX vs. EQCHX

Last updated Jun 6, 2026

AHLIX (American Beacon AHL Managed Futures Strategy Fund Class R5) and EQCHX (AXS Chesapeake Strategy Fund Class I) are both Systematic Trend funds. A 0.60 correlation means they provide meaningful diversification when combined. AHLIX charges 1.53%/yr vs 1.91%/yr for EQCHX.

Performance

AHLIX vs. EQCHX - 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 AXS Chesapeake Strategy Fund Class I (EQCHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AHLIX

• 1D: -0.19%
• 1M: 2.58%
• YTD: 12.59%
• 6M: 14.59%
• 1Y: 30.41%
• 3Y*: 4.94%
• 5Y*: 4.75%
• 10Y*: 5.08%

EQCHX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AHLIX vs. EQCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AHLIX American Beacon AHL Managed Futures Strategy Fund Class R5	12.59%	2.59%	2.07%	-3.85%	16.94%	5.09%	10.71%	0.44%	2.52%	5.23%
EQCHX AXS Chesapeake Strategy Fund Class I	0.83%	-8.09%	-3.79%	-8.07%	20.13%	12.28%	6.96%	-2.56%	-12.91%	15.11%

Correlation

The correlation between AHLIX and EQCHX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015	0.60

The correlation between AHLIX and EQCHX has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.

Return for Risk

AHLIX vs. EQCHX — Risk / Return Rank

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

AHLIX

AHLIX Risk / Return Rank: 88
AHLIX Sharpe Ratio Rank: 89
AHLIX Sortino Ratio Rank: 82
AHLIX Omega Ratio Rank: 81
AHLIX Calmar Ratio Rank: 96
AHLIX Martin Ratio Rank: 94

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. EQCHX - 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 AXS Chesapeake Strategy Fund Class I (EQCHX). 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	EQCHX	Difference
Sharpe ratio: Return per unit of total volatility	2.85	—	—
Sortino ratio: Return per unit of downside risk	3.82	—	—
Omega ratio: Gain probability vs. loss probability	1.52	—	—
Calmar ratio: Return relative to maximum drawdown	6.31	—	—
Martin ratio: Return relative to average drawdown	20.05	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AHLIX	EQCHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	—	—

Drawdowns

Drawdown Indicators

	AHLIX	EQCHX	Difference
Max Drawdown Largest peak-to-trough decline	-21.62%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-4.91%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.62%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-21.62%	—	—
Current Drawdown Current decline from peak	-0.28%	—	—
Average Drawdown Average peak-to-trough decline	-6.56%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.54%	—	—

Volatility

Volatility by Period

	AHLIX	EQCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.87%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.62%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.47%	—	—

AHLIX vs. EQCHX - Expense Ratio Comparison

AHLIX has a 1.53% expense ratio, which is lower than EQCHX's 1.91% expense ratio.

Dividends

AHLIX vs. EQCHX - Dividend Comparison

AHLIX's dividend yield for the trailing twelve months is around 7.33%, while EQCHX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AHLIX American Beacon AHL Managed Futures Strategy Fund Class R5	7.33%	8.25%	0.55%	1.10%	17.63%	7.44%	5.33%	4.47%	1.83%	4.01%	0.00%	3.51%
EQCHX AXS Chesapeake Strategy Fund Class I	0.00%	0.00%	0.62%	1.82%	1.54%	20.40%	0.00%	3.86%	1.18%	0.00%	0.00%	1.34%

Frequently Asked Questions

Can I hold both AHLIX and EQCHX in my portfolio?

AHLIX and EQCHX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.