AHLPX vs. ABYIX
AHLPX (American Beacon AHL Managed Futures Strategy Fund) and ABYIX (Abbey Capital Futures Strategy Fund Class I) are both Systematic Trend funds. Over the past 10 years, AHLPX returned 4.36%/yr vs 2.90%/yr for ABYIX. Their correlation of 0.86 means they have usually moved in the same direction. AHLPX charges 1.83%/yr vs 1.79%/yr for ABYIX.
Performance
AHLPX vs. ABYIX - Performance Comparison
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Returns By Period
In the year-to-date period, AHLPX achieves a 9.66% return, which is significantly higher than ABYIX's 4.08% return. Over the past 10 years, AHLPX has outperformed ABYIX with an annualized return of 4.36%, while ABYIX has yielded a comparatively lower 2.90% annualized return.
AHLPX
- 1D
- -0.78%
- 1M
- -0.68%
- 6M
- 2.61%
- YTD
- 9.66%
- 1Y
- 26.27%
- 3Y*
- 4.40%
- 5Y*
- 4.18%
- 10Y*
- 4.36%
- ALL TIME*
- 3.71%
ABYIX
- 1D
- -0.78%
- 1M
- -1.29%
- 6M
- 0.44%
- YTD
- 4.08%
- 1Y
- 12.39%
- 3Y*
- 1.71%
- 5Y*
- 3.59%
- 10Y*
- 2.90%
- ALL TIME*
- 4.19%
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 |
AHLPX vs. ABYIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AHLPX American Beacon AHL Managed Futures Strategy Fund | 9.66% | 2.19% | 1.74% | -4.20% | 16.48% | 4.67% | 10.36% | 0.09% | 2.15% | 4.79% |
ABYIX Abbey Capital Futures Strategy Fund Class I | 4.08% | 1.62% | 1.11% | -3.29% | 17.06% | 3.39% | 7.92% | 8.84% | -6.15% | -0.09% |
Correlation
The correlation between AHLPX and ABYIX is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.86 |
The correlation between AHLPX and ABYIX has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
AHLPX vs. ABYIX — Risk / Return Rank
AHLPX
ABYIX
AHLPX vs. ABYIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon AHL Managed Futures Strategy Fund (AHLPX) and Abbey Capital Futures Strategy Fund Class I (ABYIX). 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.
| AHLPX | ABYIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.29 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 7.75 | 2.95 | +4.80 |
| Martin ratioReturn relative to average drawdown | 18.72 | 8.72 | +10.00 |
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Drawdowns
AHLPX vs. ABYIX - Drawdown Comparison
The maximum AHLPX drawdown since its inception was -21.90%, which is greater than ABYIX's maximum drawdown of -17.13%. Use the drawdown chart below to compare losses from any high point for AHLPX and ABYIX.
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Drawdown Indicators
| AHLPX | ABYIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.90% | -17.13% | -4.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.50% | -4.33% | +0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -21.90% | -14.00% | -7.90% |
Max Drawdown (5Y)Largest decline over 5 years | -21.90% | -14.66% | -7.24% |
Max Drawdown (10Y)Largest decline over 10 years | -21.90% | -14.74% | -7.16% |
Current DrawdownCurrent decline from peak | -2.94% | -4.33% | +1.39% |
Average DrawdownAverage peak-to-trough decline | -6.70% | -6.60% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 1.46% | -0.01% |
Volatility
AHLPX vs. ABYIX - Volatility Comparison
American Beacon AHL Managed Futures Strategy Fund (AHLPX) has a higher volatility of 2.62% compared to Abbey Capital Futures Strategy Fund Class I (ABYIX) at 2.00%. This indicates that AHLPX's price experiences larger fluctuations and is considered to be riskier than ABYIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AHLPX | ABYIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 2.00% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 6.85% | 5.37% | +1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.76% | 7.91% | +2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.68% | 7.92% | +1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.55% | 7.99% | +1.56% |
AHLPX vs. ABYIX - Expense Ratio Comparison
AHLPX has a 1.83% expense ratio, which is higher than ABYIX's 1.79% expense ratio.
Dividends
AHLPX vs. ABYIX - Dividend Comparison
AHLPX's dividend yield for the trailing twelve months is around 7.36%, more than ABYIX's 1.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABYIX Abbey Capital Futures Strategy Fund Class I | 1.27% | 1.33% | 2.10% | 2.03% | 15.24% | 3.68% | 1.54% | 8.70% | 0.14% | 0.00% | 0.00% | 0.24% |
AHLPX American Beacon AHL Managed Futures Strategy Fund | 7.36% | 8.07% | 0.29% | 0.63% | 17.64% | 7.15% | 5.14% | 4.17% | 1.45% | 4.07% | 0.00% | 3.40% |
Frequently Asked Questions
With a correlation of 0.92, AHLPX and ABYIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
AHLPX has higher volatility (2.62%) compared to ABYIX (2.00%). In terms of maximum drawdown, AHLPX dropped -21.90% vs ABYIX's -17.13%.
AHLPX currently has the higher Sharpe Ratio (2.53 vs 1.62), 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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