AHTPX vs. AQRIX

Last updated Apr 1, 2026

Compare and contrast key facts about American Beacon AHL TargetRisk Fund (AHTPX) and AQR Multi-Asset Fund (AQRIX).

AHTPX is managed by American Beacon. It was launched on Dec 30, 2018. AQRIX is managed by AQR Funds. It was launched on Sep 29, 2010.

Performance

AHTPX vs. AQRIX - Performance Comparison

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

AHTPX vs. AQRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AHTPX American Beacon AHL TargetRisk Fund	3.28%	7.76%	6.73%	13.48%	-16.81%	13.63%	5.18%	26.87%
AQRIX AQR Multi-Asset Fund	0.25%	18.71%	10.45%	11.59%	-10.54%	14.35%	2.68%	21.03%

Returns By Period

In the year-to-date period, AHTPX achieves a 3.28% return, which is significantly higher than AQRIX's 0.25% return.

AHTPX

• 1D: 0.36%
• 1M: -6.92%
• YTD: 3.28%
• 6M: 8.45%
• 1Y: 10.56%
• 3Y*: 8.83%
• 5Y*: 5.05%
• 10Y*: —

AQRIX

• 1D: 0.76%
• 1M: -6.78%
• YTD: 0.25%
• 6M: 3.29%
• 1Y: 13.68%
• 3Y*: 12.04%
• 5Y*: 8.08%
• 10Y*: 7.81%

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

AHTPX vs. AQRIX - Expense Ratio Comparison

AHTPX has a 1.41% expense ratio, which is higher than AQRIX's 0.80% expense ratio.

AHTPX

American Beacon AHL TargetRisk Fund

AQRIX

AQR Multi-Asset Fund

Return for Risk

AHTPX vs. AQRIX — Risk / Return Rank

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

AHTPX

AHTPX Risk / Return Rank: 36
AHTPX Sharpe Ratio Rank: 45
AHTPX Sortino Ratio Rank: 35
AHTPX Omega Ratio Rank: 43
AHTPX Calmar Ratio Rank: 36
AHTPX Martin Ratio Rank: 22

AQRIX

AQRIX Risk / Return Rank: 66
AQRIX Sharpe Ratio Rank: 69
AQRIX Sortino Ratio Rank: 66
AQRIX Omega Ratio Rank: 65
AQRIX Calmar Ratio Rank: 65
AQRIX Martin Ratio Rank: 67

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. AQRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon AHL TargetRisk Fund (AHTPX) and AQR Multi-Asset Fund (AQRIX). 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	AQRIX	Difference
Sharpe ratio Return per unit of total volatility	0.89	1.21	-0.32
Sortino ratio Return per unit of downside risk	1.15	1.63	-0.47
Omega ratio Gain probability vs. loss probability	1.18	1.24	-0.06
Calmar ratio Return relative to maximum drawdown	0.96	1.47	-0.51
Martin ratio Return relative to average drawdown	2.30	6.33	-4.02
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. AQRIX - Sharpe Ratio Comparison

The current AHTPX Sharpe Ratio is 0.89, which is comparable to the AQRIX Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of AHTPX and AQRIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AHTPX	AQRIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	1.21	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.77	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.74	+0.11

Correlation

The correlation between AHTPX and AQRIX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AHTPX vs. AQRIX - Dividend Comparison

AHTPX's dividend yield for the trailing twelve months is around 7.73%, more than AQRIX's 3.84% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AHTPX American Beacon AHL TargetRisk Fund	7.73%	7.98%	4.80%	3.63%	5.07%	18.73%	0.54%	4.51%	0.00%	0.00%	0.00%	0.00%
AQRIX AQR Multi-Asset Fund	3.84%	3.85%	1.72%	2.40%	6.82%	6.39%	1.09%	6.65%	7.36%	10.49%	7.08%	2.51%

Drawdowns

AHTPX vs. AQRIX - Drawdown Comparison

The maximum AHTPX drawdown since its inception was -19.23%, roughly equal to the maximum AQRIX drawdown of -19.37%. Use the drawdown chart below to compare losses from any high point for AHTPX and AQRIX.

Drawdown Indicators

	AHTPX	AQRIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.23%	-19.37%	+0.14%
Max Drawdown (1Y) Largest decline over 1 year	-9.94%	-9.52%	-0.42%
Max Drawdown (5Y) Largest decline over 5 years	-19.23%	-19.37%	+0.14%
Max Drawdown (10Y) Largest decline over 10 years	—	-19.37%	—
Current Drawdown Current decline from peak	-6.92%	-6.78%	-0.14%
Average Drawdown Average peak-to-trough decline	-5.70%	-4.86%	-0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.14%	2.21%	+1.93%

Volatility

AHTPX vs. AQRIX - Volatility Comparison

The current volatility for American Beacon AHL TargetRisk Fund (AHTPX) is 3.73%, while AQR Multi-Asset Fund (AQRIX) has a volatility of 4.26%. This indicates that AHTPX experiences smaller price fluctuations and is considered to be less risky than AQRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AHTPX	AQRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	4.26%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	8.40%	7.65%	+0.75%
Volatility (1Y) Calculated over the trailing 1-year period	11.14%	11.94%	-0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.70%	10.61%	-0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.01%	9.74%	-0.73%