AHTPX vs. QDSNX

Last updated Jun 4, 2026

AHTPX (American Beacon AHL TargetRisk Fund) and QDSNX (AQR Diversifying Strategies Fund Class N) are both Tactical Allocation funds. Over the past 5 years, AHTPX returned 5.52%/yr vs 10.95%/yr for QDSNX. At a 0.25 correlation, their price movements are largely independent. AHTPX charges 1.41%/yr vs 3.30%/yr for QDSNX.

Performance

AHTPX vs. QDSNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Beacon AHL TargetRisk Fund (AHTPX) and AQR Diversifying Strategies Fund Class N (QDSNX). 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 QDSNX's 6.30% return.

AHTPX

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

QDSNX

• 1D: 0.07%
• 1M: 1.50%
• YTD: 6.30%
• 6M: 7.81%
• 1Y: 14.76%
• 3Y*: 13.72%
• 5Y*: 10.95%
• 10Y*: —

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

AHTPX vs. QDSNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AHTPX American Beacon AHL TargetRisk Fund	8.71%	7.76%	6.73%	13.48%	-16.81%	13.63%	7.66%
QDSNX AQR Diversifying Strategies Fund Class N	6.30%	16.14%	9.56%	8.62%	14.48%	10.35%	5.40%

Correlation

The correlation between AHTPX and QDSNX is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since Jun 11, 2020	0.25

Over the past year, AHTPX and QDSNX have become more correlated (0.54) than their long-term average of 0.25, meaning their price movements have been converging.

Return for Risk

AHTPX vs. QDSNX — 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

QDSNX

QDSNX Risk / Return Rank: 92
QDSNX Sharpe Ratio Rank: 91
QDSNX Sortino Ratio Rank: 92
QDSNX Omega Ratio Rank: 86
QDSNX Calmar Ratio Rank: 98
QDSNX Martin Ratio Rank: 95

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. QDSNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon AHL TargetRisk Fund (AHTPX) and AQR Diversifying Strategies Fund Class N (QDSNX). 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	QDSNX	Difference
Sharpe ratio: Return per unit of total volatility	2.54	3.02	-0.48
Sortino ratio: Return per unit of downside risk	3.46	4.54	-1.08
Omega ratio: Gain probability vs. loss probability	1.49	1.59	-0.10
Calmar ratio: Return relative to maximum drawdown	3.22	7.63	-4.41
Martin ratio: Return relative to average drawdown	9.02	22.05	-13.04
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. QDSNX - Sharpe Ratio Comparison

The current AHTPX Sharpe Ratio is 2.54, which is comparable to the QDSNX Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of AHTPX and QDSNX, 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	QDSNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	3.02	-0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	1.44	-0.87
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	1.63	-0.72

Drawdowns

AHTPX vs. QDSNX - Drawdown Comparison

The maximum AHTPX drawdown since its inception was -19.23%, which is greater than QDSNX's maximum drawdown of -7.15%. Use the drawdown chart below to compare losses from any high point for AHTPX and QDSNX.

Drawdown Indicators

	AHTPX	QDSNX	Difference
Max Drawdown Largest peak-to-trough decline	-19.23%	-7.15%	-12.08%
Max Drawdown (1Y) Largest decline over 1 year	-7.26%	-1.97%	-5.29%
Max Drawdown (3Y) Largest decline over 3 years	-12.89%	-6.93%	-5.96%
Max Drawdown (5Y) Largest decline over 5 years	-19.23%	-7.15%	-12.08%
Current Drawdown Current decline from peak	-2.03%	0.00%	-2.03%
Average Drawdown Average peak-to-trough decline	-5.66%	-1.46%	-4.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	0.68%	+1.90%

Volatility

AHTPX vs. QDSNX - Volatility Comparison

American Beacon AHL TargetRisk Fund (AHTPX) and AQR Diversifying Strategies Fund Class N (QDSNX) have volatilities of 1.38% and 1.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AHTPX	QDSNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.38%	1.38%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	6.82%	3.57%	+3.25%
Volatility (1Y) Calculated over the trailing 1-year period	9.20%	4.99%	+4.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.64%	7.63%	+2.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.94%	7.31%	+1.63%

AHTPX vs. QDSNX - Expense Ratio Comparison

AHTPX has a 1.41% expense ratio, which is lower than QDSNX's 3.30% expense ratio.

Dividends

AHTPX vs. QDSNX - Dividend Comparison

AHTPX's dividend yield for the trailing twelve months is around 7.34%, more than QDSNX's 1.87% 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%
QDSNX AQR Diversifying Strategies Fund Class N	1.87%	1.99%	0.00%	11.18%	8.01%	5.99%	1.83%	0.00%

Frequently Asked Questions

Can I hold both AHTPX and QDSNX in my portfolio?

AHTPX and QDSNX have a correlation of 0.54, 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 QDSNX?

QDSNX has higher volatility (1.38%) compared to AHTPX (1.38%). In terms of maximum drawdown, AHTPX dropped -19.23% vs QDSNX's -7.15%.

Which has better risk-adjusted returns?

QDSNX currently has the higher Sharpe Ratio (3.02 vs 2.54), 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.