AHTPX vs. HIGH

Last updated Jun 4, 2026

AHTPX (American Beacon AHL TargetRisk Fund) and HIGH (Simplify Enhanced Income ETF) are both funds - AHTPX is a Tactical Allocation fund managed by American Beacon, while HIGH is a Derivative Income fund actively managed by Simplify. Over the past 3 years, AHTPX returned 10.48%/yr vs 3.02%/yr for HIGH. At a 0.30 correlation, their price movements are largely independent. AHTPX charges 1.41%/yr vs 0.51%/yr for HIGH.

Performance

AHTPX vs. HIGH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Beacon AHL TargetRisk Fund (AHTPX) and Simplify Enhanced Income ETF (HIGH). 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 HIGH's -0.38% return.

AHTPX

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

HIGH

• 1D: -0.32%
• 1M: 1.63%
• YTD: -0.38%
• 6M: -1.48%
• 1Y: -3.46%
• 3Y*: 3.02%
• 5Y*: —
• 10Y*: —

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

AHTPX vs. HIGH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AHTPX American Beacon AHL TargetRisk Fund	8.71%	7.76%	6.73%	13.48%	-0.58%
HIGH Simplify Enhanced Income ETF	-0.38%	4.35%	1.52%	7.70%	0.27%

Correlation

The correlation between AHTPX and HIGH is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (All Time) Calculated using the full available price history since Oct 31, 2022	0.30

The correlation between AHTPX and HIGH shifts across timeframes, from 0.30 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AHTPX vs. HIGH — 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

HIGH

HIGH Risk / Return Rank: 5
HIGH Sharpe Ratio Rank: 5
HIGH Sortino Ratio Rank: 4
HIGH Omega Ratio Rank: 4
HIGH Calmar Ratio Rank: 5
HIGH Martin Ratio Rank: 6

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. HIGH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon AHL TargetRisk Fund (AHTPX) and Simplify Enhanced Income ETF (HIGH). 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	HIGH	Difference
Sharpe ratio: Return per unit of total volatility	2.54	-0.39	+2.93
Sortino ratio: Return per unit of downside risk	3.46	-0.51	+3.97
Omega ratio: Gain probability vs. loss probability	1.49	0.94	+0.56
Calmar ratio: Return relative to maximum drawdown	3.22	-0.37	+3.58
Martin ratio: Return relative to average drawdown	9.02	-0.53	+9.55
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. HIGH - Sharpe Ratio Comparison

The current AHTPX Sharpe Ratio is 2.54, which is higher than the HIGH Sharpe Ratio of -0.39. The chart below compares the historical Sharpe Ratios of AHTPX and HIGH, 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	HIGH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	-0.39	+2.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.39	+0.53

Drawdowns

AHTPX vs. HIGH - Drawdown Comparison

The maximum AHTPX drawdown since its inception was -19.23%, which is greater than HIGH's maximum drawdown of -9.50%. Use the drawdown chart below to compare losses from any high point for AHTPX and HIGH.

Drawdown Indicators

	AHTPX	HIGH	Difference
Max Drawdown Largest peak-to-trough decline	-19.23%	-9.50%	-9.73%
Max Drawdown (1Y) Largest decline over 1 year	-7.26%	-9.50%	+2.24%
Max Drawdown (3Y) Largest decline over 3 years	-12.89%	-9.50%	-3.39%
Max Drawdown (5Y) Largest decline over 5 years	-19.23%	—	—
Current Drawdown Current decline from peak	-2.03%	-7.11%	+5.08%
Average Drawdown Average peak-to-trough decline	-5.66%	-2.37%	-3.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	6.53%	-3.95%

Volatility

AHTPX vs. HIGH - Volatility Comparison

American Beacon AHL TargetRisk Fund (AHTPX) has a higher volatility of 1.38% compared to Simplify Enhanced Income ETF (HIGH) at 1.23%. This indicates that AHTPX's price experiences larger fluctuations and is considered to be riskier than HIGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AHTPX	HIGH	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.38%	1.23%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	6.82%	3.50%	+3.32%
Volatility (1Y) Calculated over the trailing 1-year period	9.20%	8.83%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.64%	9.56%	+0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.94%	9.56%	-0.62%

AHTPX vs. HIGH - Expense Ratio Comparison

AHTPX has a 1.41% expense ratio, which is higher than HIGH's 0.51% expense ratio.

Dividends

AHTPX vs. HIGH - Dividend Comparison

AHTPX's dividend yield for the trailing twelve months is around 7.34%, which matches HIGH's 7.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AHTPX American Beacon AHL TargetRisk Fund	7.34%	7.98%	4.80%	3.63%	5.07%	18.73%	0.54%	4.51%
HIGH Simplify Enhanced Income ETF	7.33%	7.71%	8.34%	9.40%	0.62%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AHTPX and HIGH in my portfolio?

AHTPX and HIGH have a correlation of 0.46, 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 HIGH?

AHTPX has higher volatility (1.38%) compared to HIGH (1.23%). In terms of maximum drawdown, AHTPX dropped -19.23% vs HIGH's -9.50%.

Which has better risk-adjusted returns?

AHTPX currently has the higher Sharpe Ratio (2.54 vs -0.39), 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.