AHLPX vs. AQMIX
Compare and contrast key facts about American Beacon AHL Managed Futures Strategy Fund (AHLPX) and AQR Managed Futures Strategy Fund (AQMIX).
AHLPX is managed by American Beacon. It was launched on Aug 18, 2014. AQMIX is managed by AQR Funds. It was launched on Jan 5, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AHLPX or AQMIX.
Key characteristics
| AHLPX | AQMIX | |
|---|---|---|
| YTD Return | 1.65% | 3.06% |
| 1Y Return | 1.14% | 1.56% |
| 3Y Return (Ann) | 3.33% | 13.34% |
| 5Y Return (Ann) | 3.93% | 5.44% |
| 10Y Return (Ann) | 4.33% | 3.18% |
| Sharpe Ratio | 0.22 | 0.19 |
| Daily Std Dev | 9.32% | 10.23% |
| Max Drawdown | -14.52% | -26.55% |
| Current Drawdown | -9.27% | -9.94% |
Correlation
The correlation between AHLPX and AQMIX is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AHLPX vs. AQMIX - Performance Comparison
In the year-to-date period, AHLPX achieves a 1.65% return, which is significantly lower than AQMIX's 3.06% return. Over the past 10 years, AHLPX has outperformed AQMIX with an annualized return of 4.33%, while AQMIX has yielded a comparatively lower 3.18% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AHLPX vs. AQMIX - Expense Ratio Comparison
AHLPX has a 1.83% expense ratio, which is higher than AQMIX's 1.25% expense ratio.
Risk-Adjusted Performance
AHLPX vs. AQMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon AHL Managed Futures Strategy Fund (AHLPX) and AQR Managed Futures Strategy Fund (AQMIX). 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.
Dividends
AHLPX vs. AQMIX - Dividend Comparison
AHLPX's dividend yield for the trailing twelve months is around 0.62%, less than AQMIX's 8.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHLPX American Beacon AHL Managed Futures Strategy Fund | 0.62% | 0.63% | 17.64% | 7.15% | 5.14% | 4.17% | 1.45% | 4.07% | 0.00% | 3.40% | 2.80% | 0.00% |
AQMIX AQR Managed Futures Strategy Fund | 8.16% | 8.41% | 12.76% | 6.94% | 5.31% | 3.13% | 0.00% | 0.00% | 0.02% | 6.51% | 9.10% | 1.01% |
Drawdowns
AHLPX vs. AQMIX - Drawdown Comparison
The maximum AHLPX drawdown since its inception was -14.52%, smaller than the maximum AQMIX drawdown of -26.55%. Use the drawdown chart below to compare losses from any high point for AHLPX and AQMIX. For additional features, visit the drawdowns tool.
Volatility
AHLPX vs. AQMIX - Volatility Comparison
The current volatility for American Beacon AHL Managed Futures Strategy Fund (AHLPX) is 2.07%, while AQR Managed Futures Strategy Fund (AQMIX) has a volatility of 4.24%. This indicates that AHLPX experiences smaller price fluctuations and is considered to be less risky than AQMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.