MAFIX vs. AHTPX

Last updated Jun 23, 2026

MAFIX (Abbey Capital Multi Asset Fund Class I) and AHTPX (American Beacon AHL TargetRisk Fund) are both mutual funds - MAFIX is a Multistrategy fund managed by Abbey Capital, while AHTPX is a Tactical Allocation fund managed by American Beacon. Over the past 5 years, MAFIX returned 8.40%/yr vs 5.30%/yr for AHTPX. At a 0.49 correlation, their price movements are largely independent. MAFIX charges 1.79%/yr vs 1.41%/yr for AHTPX.

Performance

MAFIX vs. AHTPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Abbey Capital Multi Asset Fund Class I (MAFIX) and American Beacon AHL TargetRisk Fund (AHTPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAFIX achieves a 10.70% return, which is significantly higher than AHTPX's 8.90% return.

MAFIX

• 1D: 1.05%
• 1M: -1.49%
• YTD: 10.70%
• 6M: 10.21%
• 1Y: 31.25%
• 3Y*: 8.89%
• 5Y*: 8.40%
• 10Y*: —

AHTPX

• 1D: 0.35%
• 1M: 1.31%
• YTD: 8.90%
• 6M: 9.63%
• 1Y: 21.54%
• 3Y*: 9.68%
• 5Y*: 5.30%
• 10Y*: —

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

MAFIX vs. AHTPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MAFIX Abbey Capital Multi Asset Fund Class I	10.70%	8.41%	8.99%	5.02%	4.08%	14.79%	24.89%	21.63%	0.23%
AHTPX American Beacon AHL TargetRisk Fund	8.90%	7.76%	6.73%	13.48%	-16.81%	13.63%	5.18%	26.87%	0.00%

Correlation

The correlation between MAFIX and AHTPX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Dec 31, 2018	0.49

Over the past year, MAFIX and AHTPX have become more correlated (0.74) than their long-term average of 0.49, meaning their price movements have been converging.

Return for Risk

MAFIX vs. AHTPX — Risk / Return Rank

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

MAFIX

MAFIX Risk / Return Rank: 79
MAFIX Sharpe Ratio Rank: 80
MAFIX Sortino Ratio Rank: 72
MAFIX Omega Ratio Rank: 70
MAFIX Calmar Ratio Rank: 89
MAFIX Martin Ratio Rank: 83

AHTPX

AHTPX Risk / Return Rank: 63
AHTPX Sharpe Ratio Rank: 72
AHTPX Sortino Ratio Rank: 68
AHTPX Omega Ratio Rank: 71
AHTPX Calmar Ratio Rank: 64
AHTPX Martin Ratio Rank: 39

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.

MAFIX vs. AHTPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Abbey Capital Multi Asset Fund Class I (MAFIX) and American Beacon AHL TargetRisk Fund (AHTPX). 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.

	MAFIX	AHTPX	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.26	+0.16
Sortino ratio: Return per unit of downside risk	3.23	3.13	+0.10
Omega ratio: Gain probability vs. loss probability	1.42	1.43	-0.01
Calmar ratio: Return relative to maximum drawdown	4.24	2.93	+1.31
Martin ratio: Return relative to average drawdown	14.38	7.97	+6.41

MAFIX vs. AHTPX - Sharpe Ratio Comparison

The current MAFIX Sharpe Ratio is 2.42, which is comparable to the AHTPX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of MAFIX and AHTPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MAFIX vs. AHTPX - Drawdown Comparison

The maximum MAFIX drawdown since its inception was -19.21%, roughly equal to the maximum AHTPX drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for MAFIX and AHTPX.

Drawdown Indicators

	MAFIX	AHTPX	Difference
Max Drawdown Largest peak-to-trough decline	-19.21%	-19.23%	+0.02%
Max Drawdown (1Y) Largest decline over 1 year	-7.26%	-7.26%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-19.21%	-12.89%	-6.32%
Max Drawdown (5Y) Largest decline over 5 years	-19.21%	-19.23%	+0.02%
Current Drawdown Current decline from peak	-2.49%	-1.86%	-0.63%
Average Drawdown Average peak-to-trough decline	-3.41%	-5.64%	+2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	2.66%	-0.52%

Volatility

MAFIX vs. AHTPX - Volatility Comparison

Abbey Capital Multi Asset Fund Class I (MAFIX) has a higher volatility of 3.81% compared to American Beacon AHL TargetRisk Fund (AHTPX) at 2.23%. This indicates that MAFIX's price experiences larger fluctuations and is considered to be riskier than AHTPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAFIX	AHTPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	2.23%	+1.58%
Volatility (6M) Calculated over the trailing 6-month period	9.35%	6.83%	+2.52%
Volatility (1Y) Calculated over the trailing 1-year period	12.72%	9.40%	+3.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.35%	9.65%	+2.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.86%	8.94%	+3.92%

MAFIX vs. AHTPX - Expense Ratio Comparison

MAFIX has a 1.79% expense ratio, which is higher than AHTPX's 1.41% expense ratio.

Dividends

MAFIX vs. AHTPX - Dividend Comparison

MAFIX's dividend yield for the trailing twelve months is around 10.64%, more than AHTPX's 7.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AHTPX American Beacon AHL TargetRisk Fund	7.33%	7.98%	4.80%	3.63%	5.07%	18.73%	0.54%	4.51%	0.00%
MAFIX Abbey Capital Multi Asset Fund Class I	10.64%	11.78%	4.57%	3.80%	4.12%	10.65%	10.29%	12.30%	9.36%

Frequently Asked Questions

Can I hold both MAFIX and AHTPX in my portfolio?

MAFIX and AHTPX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAFIX or AHTPX?

MAFIX has higher volatility (3.81%) compared to AHTPX (2.23%). In terms of maximum drawdown, MAFIX dropped -19.21% vs AHTPX's -19.23%.

Which has better risk-adjusted returns?

MAFIX currently has the higher Sharpe Ratio (2.42 vs 2.26), 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.