CZMVX vs. SHXPX

Last updated Jul 1, 2026

CZMVX (Multi-Manager Value Strategies Fund) and SHXPX (American Beacon Shapiro Equity Opportunities Fund) are both Large Cap Value Equities funds. At a correlation of -0.09, they often move in opposite directions. CZMVX charges 0.69%/yr vs 1.21%/yr for SHXPX.

Performance

CZMVX vs. SHXPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Multi-Manager Value Strategies Fund (CZMVX) and American Beacon Shapiro Equity Opportunities Fund (SHXPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CZMVX

• 1D: 0.12%
• 1M: 1.40%
• YTD: 10.68%
• 6M: 9.89%
• 1Y: 18.89%
• 3Y*: 14.75%
• 5Y*: 9.33%
• 10Y*: —

SHXPX

• 1D: 0.13%
• 1M: 0.58%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CZMVX vs. SHXPX - Yearly Performance Comparison

	2026 (YTD)
CZMVX Multi-Manager Value Strategies Fund	1.33%
SHXPX American Beacon Shapiro Equity Opportunities Fund	0.65%

Correlation

The correlation between CZMVX and SHXPX is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	-0.09

Return for Risk

CZMVX vs. SHXPX — Risk / Return Rank

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

CZMVX

CZMVX Risk / Return Rank: 73
CZMVX Sharpe Ratio Rank: 69
CZMVX Sortino Ratio Rank: 71
CZMVX Omega Ratio Rank: 65
CZMVX Calmar Ratio Rank: 81
CZMVX Martin Ratio Rank: 81

SHXPX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

CZMVX vs. SHXPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Multi-Manager Value Strategies Fund (CZMVX) and American Beacon Shapiro Equity Opportunities Fund (SHXPX). 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.

	CZMVX	SHXPX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	—	—
Sortino ratio: Return per unit of downside risk	2.80	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	3.15	—	—
Martin ratio: Return relative to average drawdown	12.06	—	—

Drawdowns

CZMVX vs. SHXPX - Drawdown Comparison

The maximum CZMVX drawdown since its inception was -37.43%, which is greater than SHXPX's maximum drawdown of -0.13%. Use the drawdown chart below to compare losses from any high point for CZMVX and SHXPX.

Drawdown Indicators

	CZMVX	SHXPX	Difference
Max Drawdown Largest peak-to-trough decline	-37.43%	-0.13%	-37.30%
Max Drawdown (1Y) Largest decline over 1 year	-6.23%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.85%	—	—
Current Drawdown Current decline from peak	-0.29%	0.00%	-0.29%
Average Drawdown Average peak-to-trough decline	-4.53%	-0.01%	-4.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	—	—

Volatility

Volatility by Period

	CZMVX	SHXPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.51%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.14%	1.33%	+8.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.79%	1.33%	+13.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.63%	1.33%	+16.30%

CZMVX vs. SHXPX - Expense Ratio Comparison

CZMVX has a 0.69% expense ratio, which is lower than SHXPX's 1.21% expense ratio.

Dividends

CZMVX vs. SHXPX - Dividend Comparison

CZMVX's dividend yield for the trailing twelve months is around 13.93%, less than SHXPX's 108.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CZMVX Multi-Manager Value Strategies Fund	13.93%	15.46%	9.03%	6.53%	11.79%	8.01%	2.45%	3.62%	8.47%	4.76%
SHXPX American Beacon Shapiro Equity Opportunities Fund	108.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CZMVX and SHXPX in my portfolio?

CZMVX and SHXPX have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.