BRLGX vs. AAIEX

Last updated Jun 23, 2026

BRLGX (American Beacon Bridgeway Large Cap Growth Fund) and AAIEX (American Beacon International Equity Fund) are both mutual funds - BRLGX is a Large Cap Growth Equities fund managed by American Beacon, while AAIEX is a Foreign Large Cap Equities fund managed by American Beacon. Over the past 10 years, BRLGX returned 16.33%/yr vs 8.82%/yr for AAIEX. A 0.66 correlation means they provide meaningful diversification when combined. BRLGX charges 0.80%/yr vs 0.72%/yr for AAIEX.

Performance

BRLGX vs. AAIEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Beacon Bridgeway Large Cap Growth Fund (BRLGX) and American Beacon International Equity Fund (AAIEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRLGX achieves a 15.40% return, which is significantly higher than AAIEX's 8.26% return. Over the past 10 years, BRLGX has outperformed AAIEX with an annualized return of 16.33%, while AAIEX has yielded a comparatively lower 8.82% annualized return.

BRLGX

• 1D: 1.51%
• 1M: 2.64%
• YTD: 15.40%
• 6M: 14.84%
• 1Y: 32.85%
• 3Y*: 22.81%
• 5Y*: 12.96%
• 10Y*: 16.33%

AAIEX

• 1D: 0.51%
• 1M: 1.92%
• YTD: 8.26%
• 6M: 9.04%
• 1Y: 25.44%
• 3Y*: 16.46%
• 5Y*: 10.72%
• 10Y*: 8.82%

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

BRLGX vs. AAIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRLGX American Beacon Bridgeway Large Cap Growth Fund	15.40%	16.31%	24.13%	31.38%	-25.39%	22.04%	34.57%	30.27%	-6.18%	27.19%
AAIEX American Beacon International Equity Fund	8.26%	37.12%	2.16%	22.54%	-10.87%	9.74%	1.06%	19.44%	-16.42%	24.83%

Correlation

The correlation between BRLGX and AAIEX is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Oct 31, 2003	0.66

The correlation between BRLGX and AAIEX has been stable across timeframes, ranging from 0.57 to 0.66 - a consistent structural relationship.

Return for Risk

BRLGX vs. AAIEX — Risk / Return Rank

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

BRLGX

BRLGX Risk / Return Rank: 39
BRLGX Sharpe Ratio Rank: 46
BRLGX Sortino Ratio Rank: 40
BRLGX Omega Ratio Rank: 40
BRLGX Calmar Ratio Rank: 37
BRLGX Martin Ratio Rank: 35

AAIEX

AAIEX Risk / Return Rank: 33
AAIEX Sharpe Ratio Rank: 36
AAIEX Sortino Ratio Rank: 37
AAIEX Omega Ratio Rank: 36
AAIEX Calmar Ratio Rank: 26
AAIEX Martin Ratio Rank: 27

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.

BRLGX vs. AAIEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon Bridgeway Large Cap Growth Fund (BRLGX) and American Beacon International Equity Fund (AAIEX). 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.

	BRLGX	AAIEX	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.61	+0.24
Sortino ratio: Return per unit of downside risk	2.44	2.35	+0.09
Omega ratio: Gain probability vs. loss probability	1.31	1.30	+0.01
Calmar ratio: Return relative to maximum drawdown	2.18	1.80	+0.39
Martin ratio: Return relative to average drawdown	7.33	5.89	+1.44

BRLGX vs. AAIEX - Sharpe Ratio Comparison

The current BRLGX Sharpe Ratio is 1.84, which is comparable to the AAIEX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of BRLGX and AAIEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BRLGX vs. AAIEX - Drawdown Comparison

The maximum BRLGX drawdown since its inception was -55.32%, smaller than the maximum AAIEX drawdown of -59.31%. Use the drawdown chart below to compare losses from any high point for BRLGX and AAIEX.

Drawdown Indicators

	BRLGX	AAIEX	Difference
Max Drawdown Largest peak-to-trough decline	-55.32%	-59.31%	+3.99%
Max Drawdown (1Y) Largest decline over 1 year	-14.64%	-13.67%	-0.97%
Max Drawdown (3Y) Largest decline over 3 years	-28.25%	-21.20%	-7.05%
Max Drawdown (5Y) Largest decline over 5 years	-32.58%	-29.21%	-3.37%
Max Drawdown (10Y) Largest decline over 10 years	-34.79%	-43.34%	+8.55%
Current Drawdown Current decline from peak	-2.37%	-1.95%	-0.42%
Average Drawdown Average peak-to-trough decline	-9.17%	-11.24%	+2.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.35%	4.16%	+0.19%

Volatility

BRLGX vs. AAIEX - Volatility Comparison

American Beacon Bridgeway Large Cap Growth Fund (BRLGX) has a higher volatility of 7.28% compared to American Beacon International Equity Fund (AAIEX) at 4.79%. This indicates that BRLGX's price experiences larger fluctuations and is considered to be riskier than AAIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRLGX	AAIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.28%	4.79%	+2.49%
Volatility (6M) Calculated over the trailing 6-month period	14.03%	12.57%	+1.46%
Volatility (1Y) Calculated over the trailing 1-year period	17.37%	15.30%	+2.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.72%	21.45%	+1.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.97%	20.28%	+1.69%

BRLGX vs. AAIEX - Expense Ratio Comparison

BRLGX has a 0.80% expense ratio, which is higher than AAIEX's 0.72% expense ratio.

Dividends

BRLGX vs. AAIEX - Dividend Comparison

BRLGX's dividend yield for the trailing twelve months is around 8.76%, less than AAIEX's 11.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAIEX American Beacon International Equity Fund	11.69%	12.65%	24.49%	5.36%	2.76%	10.99%	1.63%	2.93%	9.71%	3.15%	2.51%	2.45%
BRLGX American Beacon Bridgeway Large Cap Growth Fund	8.76%	10.11%	14.74%	0.76%	17.14%	19.83%	10.72%	10.33%	10.87%	4.20%	0.64%	0.00%

Frequently Asked Questions

Can I hold both BRLGX and AAIEX in my portfolio?

BRLGX and AAIEX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRLGX or AAIEX?

BRLGX has higher volatility (7.28%) compared to AAIEX (4.79%). In terms of maximum drawdown, BRLGX dropped -55.32% vs AAIEX's -59.31%.

Which has better risk-adjusted returns?

BRLGX currently has the higher Sharpe Ratio (1.84 vs 1.61), 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.