AHLPX vs. SHDPX

Last updated Jun 4, 2026

AHLPX (American Beacon AHL Managed Futures Strategy Fund) and SHDPX (American Beacon Shapiro SMID Cap Equity Fund) are both mutual funds - AHLPX is a Systematic Trend fund managed by American Beacon, while SHDPX is a Small Cap Value Equities fund managed by American Beacon. At a 0.00 correlation, their price movements are largely independent. AHLPX charges 1.83%/yr vs 2.31%/yr for SHDPX.

Performance

AHLPX vs. SHDPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Beacon AHL Managed Futures Strategy Fund (AHLPX) and American Beacon Shapiro SMID Cap Equity Fund (SHDPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AHLPX

• 1D: 0.48%
• 1M: 3.24%
• YTD: 12.66%
• 6M: 15.01%
• 1Y: 31.08%
• 3Y*: 4.67%
• 5Y*: 4.59%
• 10Y*: 4.76%

SHDPX

• 1D: 0.12%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AHLPX vs. SHDPX - Yearly Performance Comparison

	2026 (YTD)
AHLPX American Beacon AHL Managed Futures Strategy Fund	1.45%
SHDPX American Beacon Shapiro SMID Cap Equity Fund	0.12%

Correlation

The correlation between AHLPX and SHDPX 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 (All Time) Calculated using the full available price history since May 29, 2026	0.00

Return for Risk

AHLPX vs. SHDPX — Risk / Return Rank

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

AHLPX

AHLPX Risk / Return Rank: 87
AHLPX Sharpe Ratio Rank: 87
AHLPX Sortino Ratio Rank: 82
AHLPX Omega Ratio Rank: 79
AHLPX Calmar Ratio Rank: 96
AHLPX Martin Ratio Rank: 92

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.

AHLPX vs. SHDPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon AHL Managed Futures Strategy Fund (AHLPX) and American Beacon Shapiro SMID Cap Equity Fund (SHDPX). 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.

	AHLPX	SHDPX	Difference
Sharpe ratio: Return per unit of total volatility	2.86	—	—
Sortino ratio: Return per unit of downside risk	3.85	—	—
Omega ratio: Gain probability vs. loss probability	1.52	—	—
Calmar ratio: Return relative to maximum drawdown	6.16	—	—
Martin ratio: Return relative to average drawdown	19.66	—	—
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

	AHLPX	SHDPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.86	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	11.78	-11.36

Drawdowns

AHLPX vs. SHDPX - Drawdown Comparison

The maximum AHLPX drawdown since its inception was -21.90%, which is greater than SHDPX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for AHLPX and SHDPX.

Drawdown Indicators

	AHLPX	SHDPX	Difference
Max Drawdown Largest peak-to-trough decline	-21.90%	0.00%	-21.90%
Max Drawdown (1Y) Largest decline over 1 year	-5.02%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.90%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.90%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-21.90%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.78%	0.00%	-6.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	—	—

Volatility

Volatility by Period

	AHLPX	SHDPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.34%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.84%	1.07%	+9.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.66%	1.07%	+8.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.51%	1.07%	+8.44%

AHLPX vs. SHDPX - Expense Ratio Comparison

AHLPX has a 1.83% expense ratio, which is lower than SHDPX's 2.31% expense ratio.

Dividends

AHLPX vs. SHDPX - Dividend Comparison

AHLPX's dividend yield for the trailing twelve months is around 7.17%, while SHDPX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AHLPX American Beacon AHL Managed Futures Strategy Fund	7.17%	8.07%	0.29%	0.63%	17.64%	7.15%	5.14%	4.17%	1.45%	4.07%	0.00%	3.40%
SHDPX American Beacon Shapiro SMID Cap Equity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AHLPX and SHDPX in my portfolio?

AHLPX and SHDPX 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.