AHTPX vs. AADBX

Last updated Jun 4, 2026

AHTPX (American Beacon AHL TargetRisk Fund) and AADBX (American Beacon Balanced Fund) are both mutual funds - AHTPX is a Tactical Allocation fund managed by American Beacon, while AADBX is a Diversified Portfolio fund managed by American Beacon. Over the past 5 years, AHTPX returned 5.52%/yr vs 6.71%/yr for AADBX. A 0.53 correlation means they provide meaningful diversification when combined. AHTPX charges 1.41%/yr vs 0.72%/yr for AADBX.

Performance

AHTPX vs. AADBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Beacon AHL TargetRisk Fund (AHTPX) and American Beacon Balanced Fund (AADBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AHTPX achieves a 8.71% return, which is significantly higher than AADBX's 5.84% return.

AHTPX

• 1D: 0.43%
• 1M: 2.02%
• YTD: 8.71%
• 6M: 9.19%
• 1Y: 22.87%
• 3Y*: 10.48%
• 5Y*: 5.52%
• 10Y*: —

AADBX

• 1D: 0.58%
• 1M: 2.81%
• YTD: 5.84%
• 6M: 6.64%
• 1Y: 16.59%
• 3Y*: 12.84%
• 5Y*: 6.71%
• 10Y*: 8.81%

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

AHTPX vs. AADBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AHTPX American Beacon AHL TargetRisk Fund	8.71%	7.76%	6.73%	13.48%	-16.81%	13.63%	5.18%	26.87%
AADBX American Beacon Balanced Fund	5.84%	11.65%	10.54%	12.35%	-7.55%	16.73%	6.30%	22.57%

Correlation

The correlation between AHTPX and AADBX is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jan 2, 2019	0.53

The correlation between AHTPX and AADBX has been stable across timeframes, ranging from 0.53 to 0.59 - a consistent structural relationship.

Return for Risk

AHTPX vs. AADBX — Risk / Return Rank

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

AHTPX

AHTPX Risk / Return Rank: 66
AHTPX Sharpe Ratio Rank: 77
AHTPX Sortino Ratio Rank: 69
AHTPX Omega Ratio Rank: 75
AHTPX Calmar Ratio Rank: 69
AHTPX Martin Ratio Rank: 42

AADBX

AADBX Risk / Return Rank: 56
AADBX Sharpe Ratio Rank: 53
AADBX Sortino Ratio Rank: 57
AADBX Omega Ratio Rank: 50
AADBX Calmar Ratio Rank: 68
AADBX Martin Ratio Rank: 55

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.

AHTPX vs. AADBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon AHL TargetRisk Fund (AHTPX) and American Beacon Balanced Fund (AADBX). 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.

	AHTPX	AADBX	Difference
Sharpe ratio: Return per unit of total volatility	2.54	2.15	+0.39
Sortino ratio: Return per unit of downside risk	3.46	3.16	+0.30
Omega ratio: Gain probability vs. loss probability	1.49	1.39	+0.10
Calmar ratio: Return relative to maximum drawdown	3.22	3.18	+0.04
Martin ratio: Return relative to average drawdown	9.02	11.07	-2.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AHTPX vs. AADBX - Sharpe Ratio Comparison

The current AHTPX Sharpe Ratio is 2.54, which is comparable to the AADBX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of AHTPX and AADBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AHTPX	AADBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	2.15	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.58	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.65	+0.27

Drawdowns

AHTPX vs. AADBX - Drawdown Comparison

The maximum AHTPX drawdown since its inception was -19.23%, smaller than the maximum AADBX drawdown of -41.05%. Use the drawdown chart below to compare losses from any high point for AHTPX and AADBX.

Drawdown Indicators

	AHTPX	AADBX	Difference
Max Drawdown Largest peak-to-trough decline	-19.23%	-41.05%	+21.82%
Max Drawdown (1Y) Largest decline over 1 year	-7.26%	-5.50%	-1.76%
Max Drawdown (3Y) Largest decline over 3 years	-12.89%	-12.70%	-0.19%
Max Drawdown (5Y) Largest decline over 5 years	-19.23%	-17.79%	-1.44%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.13%	—
Current Drawdown Current decline from peak	-2.03%	0.00%	-2.03%
Average Drawdown Average peak-to-trough decline	-5.66%	-4.75%	-0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	1.58%	+1.00%

Volatility

AHTPX vs. AADBX - Volatility Comparison

The current volatility for American Beacon AHL TargetRisk Fund (AHTPX) is 1.38%, while American Beacon Balanced Fund (AADBX) has a volatility of 2.02%. This indicates that AHTPX experiences smaller price fluctuations and is considered to be less risky than AADBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AHTPX	AADBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.38%	2.02%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	6.82%	5.91%	+0.91%
Volatility (1Y) Calculated over the trailing 1-year period	9.20%	8.13%	+1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.64%	11.59%	-1.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.94%	12.43%	-3.49%

AHTPX vs. AADBX - Expense Ratio Comparison

AHTPX has a 1.41% expense ratio, which is higher than AADBX's 0.72% expense ratio.

Dividends

AHTPX vs. AADBX - Dividend Comparison

AHTPX's dividend yield for the trailing twelve months is around 7.34%, less than AADBX's 8.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AADBX American Beacon Balanced Fund	8.26%	8.77%	9.66%	2.27%	10.60%	9.34%	13.14%	9.00%	9.67%	7.83%	1.87%	6.84%
AHTPX American Beacon AHL TargetRisk Fund	7.34%	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

Can I hold both AHTPX and AADBX in my portfolio?

AHTPX and AADBX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AHTPX or AADBX?

AADBX has higher volatility (2.02%) compared to AHTPX (1.38%). In terms of maximum drawdown, AHTPX dropped -19.23% vs AADBX's -41.05%.

Which has better risk-adjusted returns?

AHTPX currently has the higher Sharpe Ratio (2.54 vs 2.15), 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.