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BCPIX vs. AMFIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BCPIX vs. AMFIX

Last updated Jun 23, 2026

BCPIX (Brandes Core Plus Fixed Income Fund) and AMFIX (AAMA Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, BCPIX returned 0.76%/yr vs 0.78%/yr for AMFIX. A 0.78 correlation means they provide meaningful diversification when combined. BCPIX charges 0.30%/yr vs 0.92%/yr for AMFIX.

Performance

BCPIX vs. AMFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brandes Core Plus Fixed Income Fund (BCPIX) and AAMA Income Fund (AMFIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BCPIX achieves a 0.28% return, which is significantly lower than AMFIX's 0.30% return.

BCPIX

1D
0.24%
1M
1.25%
YTD
0.28%
6M
0.80%
1Y
4.15%
3Y*
4.27%
5Y*
0.76%
10Y*
1.77%

AMFIX

1D
0.12%
1M
0.21%
YTD
0.30%
6M
0.40%
1Y
2.31%
3Y*
3.32%
5Y*
0.78%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

BCPIX vs. AMFIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BCPIX
Brandes Core Plus Fixed Income Fund		0.28%6.71%1.98%6.70%-10.78%-0.34%5.77%6.65%-0.45%-0.34%
AMFIX
AAMA Income Fund		0.30%3.74%3.48%3.84%-6.26%-1.37%2.24%2.47%0.89%-0.44%

Correlation

The correlation between BCPIX and AMFIX is 0.79, 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

0.79

Correlation (3Y)
Calculated over the trailing 3-year period

0.80

Correlation (5Y)
Calculated over the trailing 5-year period

0.83

Correlation (All Time)
Calculated using the full available price history since Aug 30, 2017

0.78

The correlation between BCPIX and AMFIX has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.

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Brandes Core Plus Fixed Income Fund

AAMA Income Fund

Often compared with BCPIX:
BCPIX vs. AAIIXBCPIX vs. JCPUXBCPIX vs. EINFXBCPIX vs. ARINXBCPIX vs. GUGAXBCPIX vs. NPCTBCPIX vs. HOBIX
Often compared with AMFIX:
AMFIX vs. HOBIXAMFIX vs. ARINXAMFIX vs. EINFXAMFIX vs. AAIIXAMFIX vs. GUGAXAMFIX vs. MCFIXAMFIX vs. JCPUX

Return for Risk

BCPIX vs. AMFIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BCPIX
BCPIX Risk / Return Rank: 2020
Overall Rank
BCPIX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
BCPIX Sortino Ratio Rank: 2121
Sortino Ratio Rank
BCPIX Omega Ratio Rank: 1818
Omega Ratio Rank
BCPIX Calmar Ratio Rank: 2121
Calmar Ratio Rank
BCPIX Martin Ratio Rank: 1919
Martin Ratio Rank
AMFIX
AMFIX Risk / Return Rank: 6767
Overall Rank
AMFIX Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
AMFIX Sortino Ratio Rank: 7373
Sortino Ratio Rank
AMFIX Omega Ratio Rank: 7575
Omega Ratio Rank
AMFIX Calmar Ratio Rank: 7474
Calmar Ratio Rank
AMFIX Martin Ratio Rank: 5151
Martin Ratio Rank
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.

BCPIX vs. AMFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brandes Core Plus Fixed Income Fund (BCPIX) and AAMA Income Fund (AMFIX). 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.

BCPIXAMFIXDifference
Sharpe ratioReturn per unit of total volatility
1.17
2.14

-0.97

Sortino ratioReturn per unit of downside risk
1.77
3.24

-1.46

Omega ratioGain probability vs. loss probability

1.21

1.44

-0.23

Calmar ratioReturn relative to maximum drawdown

1.59

3.20

-1.62

Martin ratioReturn relative to average drawdown

4.67

9.90

-5.22

BCPIX vs. AMFIX - Sharpe Ratio Comparison

The current BCPIX Sharpe Ratio is 1.17, which is lower than the AMFIX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of BCPIX and AMFIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BCPIX vs. AMFIX - Drawdown Comparison

The maximum BCPIX drawdown since its inception was -22.43%, which is greater than AMFIX's maximum drawdown of -9.35%. Use the drawdown chart below to compare losses from any high point for BCPIX and AMFIX.

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Drawdown Indicators

BCPIXAMFIXDifference

Max Drawdown

Largest peak-to-trough decline

-22.43%

-9.35%

-13.08%

Max Drawdown (1Y)

Largest decline over 1 year

-2.63%

-0.74%

-1.89%

Max Drawdown (3Y)

Largest decline over 3 years

-5.44%

-0.88%

-4.56%

Max Drawdown (5Y)

Largest decline over 5 years

-15.19%

-8.91%

-6.28%

Max Drawdown (10Y)

Largest decline over 10 years

-15.19%

—

—

Current Drawdown

Current decline from peak

-0.93%

-0.39%

-0.54%

Average Drawdown

Average peak-to-trough decline

-4.25%

-2.02%

-2.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.89%

0.24%

+0.65%

Volatility

BCPIX vs. AMFIX - Volatility Comparison

Brandes Core Plus Fixed Income Fund (BCPIX) has a higher volatility of 1.17% compared to AAMA Income Fund (AMFIX) at 0.46%. This indicates that BCPIX's price experiences larger fluctuations and is considered to be riskier than AMFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BCPIXAMFIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.17%

0.46%

+0.71%

Volatility (6M)

Calculated over the trailing 6-month period

2.69%

0.91%

+1.78%

Volatility (1Y)

Calculated over the trailing 1-year period

3.55%

1.11%

+2.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.10%

2.17%

+2.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.18%

1.74%

+2.44%

BCPIX vs. AMFIX - Expense Ratio Comparison

BCPIX has a 0.30% expense ratio, which is lower than AMFIX's 0.92% expense ratio.

Dividends

BCPIX vs. AMFIX - Dividend Comparison

BCPIX's dividend yield for the trailing twelve months is around 4.21%, more than AMFIX's 2.21% yield.

PositionTTM20252024202320222021202020192018201720162015
AMFIX
AAMA Income Fund		2.21%2.08%2.44%1.70%0.83%0.57%0.83%1.24%1.24%0.40%0.00%0.00%
BCPIX
Brandes Core Plus Fixed Income Fund		4.21%4.32%3.67%2.91%2.54%1.89%1.76%2.77%2.90%2.49%2.84%2.72%

Frequently Asked Questions

BCPIX and AMFIX 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.

BCPIX has higher volatility (1.17%) compared to AMFIX (0.46%). In terms of maximum drawdown, BCPIX dropped -22.43% vs AMFIX's -9.35%.

AMFIX currently has the higher Sharpe Ratio (2.14 vs 1.17), 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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