GHQPX vs. WFBIX
GHQPX (American Beacon Garcia Hamilton Quality Bond Fund) and WFBIX (iShares U.S. Aggregate Bond Index Fund) are both Intermediate Core Bond funds. Over the past 5 years, GHQPX returned 0.05%/yr vs 0.78%/yr for WFBIX. Their correlation of 0.86 suggests significant overlap in exposure. GHQPX charges 0.83%/yr vs 0.05%/yr for WFBIX.
Performance
GHQPX vs. WFBIX - Performance Comparison
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Returns By Period
In the year-to-date period, GHQPX achieves a -0.09% return, which is significantly lower than WFBIX's 0.43% return.
GHQPX
- 1D
- 0.35%
- 1M
- 1.09%
- YTD
- -0.09%
- 6M
- 0.07%
- 1Y
- 4.26%
- 3Y*
- 2.93%
- 5Y*
- 0.05%
- 10Y*
- —
WFBIX
- 1D
- 0.22%
- 1M
- 0.89%
- YTD
- 0.43%
- 6M
- 0.76%
- 1Y
- 4.76%
- 3Y*
- 5.37%
- 5Y*
- 0.78%
- 10Y*
- 1.93%
GHQPX vs. WFBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GHQPX American Beacon Garcia Hamilton Quality Bond Fund | -0.09% | 7.36% | -0.60% | 5.56% | -10.43% | -2.23% | 4.31% | 4.02% | 0.49% | 2.96% |
WFBIX iShares U.S. Aggregate Bond Index Fund | 0.43% | 7.16% | 1.43% | 9.65% | -13.03% | -1.79% | 7.40% | 8.72% | -0.08% | 3.39% |
Correlation
The correlation between GHQPX and WFBIX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.86 |
The correlation between GHQPX and WFBIX has been stable across timeframes, ranging from 0.86 to 0.95 - a consistent structural relationship.
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Return for Risk
GHQPX vs. WFBIX — Risk / Return Rank
GHQPX
WFBIX
GHQPX vs. WFBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon Garcia Hamilton Quality Bond Fund (GHQPX) and iShares U.S. Aggregate Bond Index Fund (WFBIX). 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.
| GHQPX | WFBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 1.59 | -0.71 |
| Martin ratioReturn relative to average drawdown | 2.52 | 4.46 | -1.94 |
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Drawdowns
GHQPX vs. WFBIX - Drawdown Comparison
The maximum GHQPX drawdown since its inception was -17.77%, roughly equal to the maximum WFBIX drawdown of -18.68%. Use the drawdown chart below to compare losses from any high point for GHQPX and WFBIX.
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Drawdown Indicators
| GHQPX | WFBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -18.68% | +0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -5.00% | -3.02% | -1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -9.13% | -6.09% | -3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -16.53% | -17.84% | +1.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.68% | — |
Current DrawdownCurrent decline from peak | -2.82% | -1.50% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -2.26% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.07% | +0.67% |
Volatility
GHQPX vs. WFBIX - Volatility Comparison
American Beacon Garcia Hamilton Quality Bond Fund (GHQPX) has a higher volatility of 1.81% compared to iShares U.S. Aggregate Bond Index Fund (WFBIX) at 1.22%. This indicates that GHQPX's price experiences larger fluctuations and is considered to be riskier than WFBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHQPX | WFBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 1.22% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 4.28% | 2.87% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.49% | 3.91% | +1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.36% | 6.41% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.61% | 5.17% | +0.44% |
GHQPX vs. WFBIX - Expense Ratio Comparison
GHQPX has a 0.83% expense ratio, which is higher than WFBIX's 0.05% expense ratio.
Dividends
GHQPX vs. WFBIX - Dividend Comparison
GHQPX's dividend yield for the trailing twelve months is around 3.51%, less than WFBIX's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHQPX American Beacon Garcia Hamilton Quality Bond Fund | 3.51% | 3.46% | 3.54% | 3.74% | 1.66% | 1.18% | 3.14% | 2.02% | 1.71% | 1.18% | 0.00% | 0.00% |
WFBIX iShares U.S. Aggregate Bond Index Fund | 3.91% | 3.78% | 3.68% | 6.82% | 2.60% | 2.04% | 2.43% | 2.88% | 2.71% | 2.24% | 2.25% | 2.20% |
Frequently Asked Questions
With a correlation of 0.95, GHQPX and WFBIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GHQPX has higher volatility (1.81%) compared to WFBIX (1.22%). In terms of maximum drawdown, GHQPX dropped -17.77% vs WFBIX's -18.68%.
WFBIX currently has the higher Sharpe Ratio (1.22 vs 0.80), 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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