HRVIX vs. SHDPX

Last updated Aug 5, 2026

HRVIX (Heartland Value Plus Fund) and SHDPX (American Beacon Shapiro SMID Cap Equity Fund) are both Small Cap Value Equities funds. Their 0.36 correlation means their historical movements had little consistent relationship. HRVIX charges 1.15%/yr vs 2.31%/yr for SHDPX.

Performance

HRVIX vs. SHDPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Heartland Value Plus Fund (HRVIX) and American Beacon Shapiro SMID Cap Equity Fund (SHDPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HRVIX

• 1D: 1.00%
• 1M: 0.27%
• 6M: 12.80%
• YTD: 23.20%
• 1Y: 29.57%
• 3Y*: 6.81%
• 5Y*: 4.66%
• 10Y*: 9.21%
• ALL TIME*: 9.48%

SHDPX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HRVIX Heartland Value Plus Fund	$0.00	$0.00	$0.00

HRVIX vs. SHDPX - Yearly Performance Comparison

	2026 (YTD)
HRVIX Heartland Value Plus Fund	3.91%
SHDPX American Beacon Shapiro SMID Cap Equity Fund	0.35%

Correlation

The correlation between HRVIX and SHDPX is 0.36, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.36

Return for Risk

HRVIX vs. SHDPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HRVIX

HRVIX Risk / Return Rank: 66
HRVIX Sharpe Ratio Rank: 69
HRVIX Sortino Ratio Rank: 75
HRVIX Omega Ratio Rank: 62
HRVIX Calmar Ratio Rank: 70
HRVIX Martin Ratio Rank: 56

SHDPX

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HRVIX vs. SHDPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Heartland Value Plus Fund (HRVIX) and American Beacon Shapiro SMID Cap Equity Fund (SHDPX). 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.

	HRVIX	SHDPX	Difference
Sharpe ratio: Return per unit of total volatility	1.82	—	—
Sortino ratio: Return per unit of downside risk	2.73	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.60	—	—
Martin ratio: Return relative to average drawdown	8.47	—	—

Drawdowns

Drawdown Indicators

	HRVIX	SHDPX	Difference
Max Drawdown Largest peak-to-trough decline	-46.82%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.97%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.50%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.47%	—	—
Current Drawdown Current decline from peak	-1.55%	—	—
Average Drawdown Average peak-to-trough decline	-8.58%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.67%	—	—

Volatility

Volatility by Period

	HRVIX	SHDPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.95%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.11%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.59%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.55%	—	—

HRVIX vs. SHDPX - Expense Ratio Comparison

HRVIX has a 1.15% expense ratio, which is lower than SHDPX's 2.31% expense ratio.

Dividends

HRVIX vs. SHDPX - Dividend Comparison

HRVIX's dividend yield for the trailing twelve months is around 0.50%, while SHDPX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HRVIX Heartland Value Plus Fund	0.50%	0.62%	3.00%	1.43%	2.25%	24.50%	1.03%	1.47%	1.13%	0.14%	0.65%	8.78%
SHDPX American Beacon Shapiro SMID Cap Equity Fund	0.00%	0.00%	0.00%	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 HRVIX and SHDPX in my portfolio?

HRVIX and SHDPX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.