AQRIX vs. AHTPX
AQRIX (AQR Multi-Asset Fund) and AHTPX (American Beacon AHL TargetRisk Fund) are both Tactical Allocation funds. Over the past 5 years, AQRIX returned 7.55%/yr vs 3.26%/yr for AHTPX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. AQRIX charges 0.80%/yr vs 1.41%/yr for AHTPX.
Performance
AQRIX vs. AHTPX - Performance Comparison
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Returns By Period
In the year-to-date period, AQRIX achieves a 8.88% return, which is significantly higher than AHTPX's 6.27% return.
AQRIX
- 1D
- 1.17%
- 1M
- 1.01%
- 6M
- 6.21%
- YTD
- 8.88%
- 1Y
- 18.90%
- 3Y*
- 13.46%
- 5Y*
- 7.55%
- 10Y*
- 8.06%
- ALL TIME*
- 7.06%
AHTPX
- 1D
- 0.27%
- 1M
- -0.87%
- 6M
- 0.71%
- YTD
- 6.27%
- 1Y
- 18.61%
- 3Y*
- 7.87%
- 5Y*
- 3.26%
- 10Y*
- —
- ALL TIME*
- 7.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
AQRIX AQR Multi-Asset Fund | $0.00 | $0.00 | $0.00 |
AQRIX vs. AHTPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AQRIX AQR Multi-Asset Fund | 8.88% | 18.71% | 10.45% | 11.59% | -10.54% | 14.35% | 2.68% | 21.03% | 0.35% |
AHTPX American Beacon AHL TargetRisk Fund | 6.27% | 7.76% | 6.73% | 13.48% | -16.81% | 13.63% | 5.18% | 26.87% | 0.00% |
Correlation
The correlation between AQRIX and AHTPX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2018 | 0.77 |
The correlation between AQRIX and AHTPX has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.
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Return for Risk
AQRIX vs. AHTPX — Risk / Return Rank
AQRIX
AHTPX
AQRIX vs. AHTPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Multi-Asset Fund (AQRIX) and American Beacon AHL TargetRisk Fund (AHTPX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AQRIX | AHTPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.29 | +0.12 |
| Martin ratioReturn relative to average drawdown | 9.27 | 5.68 | +3.59 |
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Drawdowns
AQRIX vs. AHTPX - Drawdown Comparison
The maximum AQRIX drawdown since its inception was -19.37%, roughly equal to the maximum AHTPX drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for AQRIX and AHTPX.
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Drawdown Indicators
| AQRIX | AHTPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.37% | -19.23% | -0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -7.48% | -7.26% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -11.05% | -12.89% | +1.84% |
Max Drawdown (5Y)Largest decline over 5 years | -19.37% | -19.23% | -0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -19.37% | — | — |
Current DrawdownCurrent decline from peak | -1.74% | -4.22% | +2.48% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -5.61% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 2.93% | -0.99% |
Volatility
AQRIX vs. AHTPX - Volatility Comparison
AQR Multi-Asset Fund (AQRIX) and American Beacon AHL TargetRisk Fund (AHTPX) have volatilities of 2.62% and 2.60%, 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.
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Volatility by Period
| AQRIX | AHTPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 2.60% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 7.95% | 6.47% | +1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.23% | 9.79% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.74% | 9.65% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.83% | 8.94% | +0.89% |
AQRIX vs. AHTPX - Expense Ratio Comparison
AQRIX has a 0.80% expense ratio, which is lower than AHTPX's 1.41% expense ratio.
Dividends
AQRIX vs. AHTPX - Dividend Comparison
AQRIX's dividend yield for the trailing twelve months is around 3.54%, less than AHTPX's 7.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHTPX American Beacon AHL TargetRisk Fund | 7.51% | 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 | 3.54% | 3.85% | 1.72% | 2.40% | 6.82% | 6.39% | 1.09% | 6.65% | 7.36% | 10.49% | 7.08% | 2.51% |
Frequently Asked Questions
AQRIX and AHTPX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AQRIX has higher volatility (2.62%) compared to AHTPX (2.60%). In terms of maximum drawdown, AQRIX dropped -19.37% vs AHTPX's -19.23%.
AQRIX currently has the higher Sharpe Ratio (1.76 vs 1.70), 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.
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