EVOIX vs. AHLIX
EVOIX (Winton Managed Futures Trend Fund) and AHLIX (American Beacon AHL Managed Futures Strategy Fund Class R5) are both Systematic Trend funds. Over the past 10 years, EVOIX returned 2.74%/yr vs 4.76%/yr for AHLIX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. EVOIX charges 1.34%/yr vs 1.53%/yr for AHLIX.
Performance
EVOIX vs. AHLIX - Performance Comparison
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Returns By Period
In the year-to-date period, EVOIX achieves a 6.42% return, which is significantly lower than AHLIX's 10.28% return. Over the past 10 years, EVOIX has underperformed AHLIX with an annualized return of 2.74%, while AHLIX has yielded a comparatively higher 4.76% annualized return.
EVOIX
- 1D
- 0.00%
- 1M
- 1.22%
- 6M
- 3.11%
- YTD
- 6.42%
- 1Y
- 21.44%
- 3Y*
- 5.21%
- 5Y*
- 6.82%
- 10Y*
- 2.74%
- ALL TIME*
- 4.05%
AHLIX
- 1D
- -0.66%
- 1M
- -0.19%
- 6M
- 4.37%
- YTD
- 10.28%
- 1Y
- 27.88%
- 3Y*
- 4.02%
- 5Y*
- 4.64%
- 10Y*
- 4.76%
- ALL TIME*
- 4.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
EVOIX vs. AHLIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVOIX Winton Managed Futures Trend Fund | 6.42% | 4.69% | 3.86% | 5.03% | 12.84% | 12.20% | -12.94% | 4.22% | -7.58% | 9.09% |
AHLIX American Beacon AHL Managed Futures Strategy Fund Class R5 | 10.28% | 2.59% | 2.07% | -3.85% | 16.94% | 5.09% | 10.71% | 0.44% | 2.52% | 5.23% |
Correlation
The correlation between EVOIX and AHLIX is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.75 |
The correlation between EVOIX and AHLIX has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
EVOIX vs. AHLIX — Risk / Return Rank
EVOIX
AHLIX
EVOIX vs. AHLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Winton Managed Futures Trend Fund (EVOIX) and American Beacon AHL Managed Futures Strategy Fund Class R5 (AHLIX). 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.
| EVOIX | AHLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.41 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 7.05 | -3.30 |
| Martin ratioReturn relative to average drawdown | 9.51 | 17.42 | -7.91 |
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Drawdowns
EVOIX vs. AHLIX - Drawdown Comparison
The maximum EVOIX drawdown since its inception was -29.57%, which is greater than AHLIX's maximum drawdown of -21.62%. Use the drawdown chart below to compare losses from any high point for EVOIX and AHLIX.
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Drawdown Indicators
| EVOIX | AHLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.57% | -21.62% | -7.95% |
Max Drawdown (1Y)Largest decline over 1 year | -5.38% | -3.52% | -1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -18.80% | -21.62% | +2.82% |
Max Drawdown (5Y)Largest decline over 5 years | -18.80% | -21.62% | +2.82% |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | -21.62% | -7.95% |
Current DrawdownCurrent decline from peak | -3.63% | -2.69% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -6.49% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 1.44% | +0.67% |
Volatility
EVOIX vs. AHLIX - Volatility Comparison
The current volatility for Winton Managed Futures Trend Fund (EVOIX) is 2.02%, while American Beacon AHL Managed Futures Strategy Fund Class R5 (AHLIX) has a volatility of 2.45%. This indicates that EVOIX experiences smaller price fluctuations and is considered to be less risky than AHLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVOIX | AHLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 2.45% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 7.13% | 7.21% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.17% | 10.91% | -0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.53% | 9.65% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.38% | 9.51% | +0.87% |
EVOIX vs. AHLIX - Expense Ratio Comparison
EVOIX has a 1.34% expense ratio, which is lower than AHLIX's 1.53% expense ratio.
Dividends
EVOIX vs. AHLIX - Dividend Comparison
EVOIX's dividend yield for the trailing twelve months is around 9.16%, more than AHLIX's 7.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHLIX American Beacon AHL Managed Futures Strategy Fund Class R5 | 7.48% | 8.25% | 0.55% | 1.10% | 17.63% | 7.44% | 5.33% | 4.47% | 1.83% | 4.01% | 0.00% | 3.51% |
EVOIX Winton Managed Futures Trend Fund | 9.16% | 11.11% | 10.09% | 1.71% | 34.87% | 9.73% | 2.23% | 1.63% | 5.52% | 1.57% | 7.27% | 9.05% |
Frequently Asked Questions
EVOIX and AHLIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AHLIX has higher volatility (2.45%) compared to EVOIX (2.02%). In terms of maximum drawdown, EVOIX dropped -29.57% vs AHLIX's -21.62%.
AHLIX currently has the higher Sharpe Ratio (2.28 vs 1.98), 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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