DIVHX vs. SHXPX

Last updated Jun 24, 2026

DIVHX (Cutler Equity Fund) and SHXPX (American Beacon Shapiro Equity Opportunities Fund) are both Large Cap Value Equities funds. At a correlation of -0.05, they often move in opposite directions. DIVHX charges 0.99%/yr vs 1.21%/yr for SHXPX.

Performance

DIVHX vs. SHXPX - Performance Comparison

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

Returns By Period

DIVHX

• 1D: 0.32%
• 1M: 0.58%
• YTD: 9.33%
• 6M: 8.87%
• 1Y: 17.74%
• 3Y*: 14.98%
• 5Y*: 9.59%
• 10Y*: —

SHXPX

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DIVHX vs. SHXPX - Yearly Performance Comparison

	2026 (YTD)
DIVHX Cutler Equity Fund	1.27%
SHXPX American Beacon Shapiro Equity Opportunities Fund	0.52%

Correlation

The correlation between DIVHX and SHXPX is -0.05, 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	-0.05

Return for Risk

DIVHX vs. SHXPX — Risk / Return Rank

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

DIVHX

DIVHX Risk / Return Rank: 49
DIVHX Sharpe Ratio Rank: 47
DIVHX Sortino Ratio Rank: 56
DIVHX Omega Ratio Rank: 43
DIVHX Calmar Ratio Rank: 57
DIVHX Martin Ratio Rank: 42

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.

DIVHX vs. SHXPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cutler Equity Fund (DIVHX) 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.

	DIVHX	SHXPX	Difference
Sharpe ratio: Return per unit of total volatility	1.88	—	—
Sortino ratio: Return per unit of downside risk	2.87	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.76	—	—
Martin ratio: Return relative to average drawdown	8.43	—	—

Drawdowns

DIVHX vs. SHXPX - Drawdown Comparison

The maximum DIVHX drawdown since its inception was -17.60%, which is greater than SHXPX's maximum drawdown of -0.13%. Use the drawdown chart below to compare losses from any high point for DIVHX and SHXPX.

Drawdown Indicators

	DIVHX	SHXPX	Difference
Max Drawdown Largest peak-to-trough decline	-17.60%	-0.13%	-17.47%
Max Drawdown (1Y) Largest decline over 1 year	-6.81%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.22%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.60%	—	—
Current Drawdown Current decline from peak	-1.56%	0.00%	-1.56%
Average Drawdown Average peak-to-trough decline	-3.54%	-0.01%	-3.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	—	—

Volatility

Volatility by Period

	DIVHX	SHXPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.03%	1.41%	+8.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.64%	1.41%	+12.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.68%	1.41%	+12.27%

DIVHX vs. SHXPX - Expense Ratio Comparison

DIVHX has a 0.99% expense ratio, which is lower than SHXPX's 1.21% expense ratio.

Dividends

DIVHX vs. SHXPX - Dividend Comparison

DIVHX's dividend yield for the trailing twelve months is around 5.13%, while SHXPX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
DIVHX Cutler Equity Fund	5.13%	5.37%	5.81%	7.26%	1.40%	8.01%	4.62%
SHXPX American Beacon Shapiro Equity Opportunities Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DIVHX and SHXPX in my portfolio?

DIVHX and SHXPX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.