MTBA vs. AHTPX
MTBA (Simplify MBS ETF) and AHTPX (American Beacon AHL TargetRisk Fund) are both funds - MTBA is a Mortgage Backed Securities fund actively managed by Simplify, while AHTPX is a Tactical Allocation fund managed by American Beacon. Over the past year, MTBA returned 4.63% vs 21.54% for AHTPX. At a 0.40 correlation, their price movements are largely independent. MTBA charges 0.15%/yr vs 1.41%/yr for AHTPX.
Performance
MTBA vs. AHTPX - Performance Comparison
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Returns By Period
In the year-to-date period, MTBA achieves a -0.06% return, which is significantly lower than AHTPX's 8.90% return.
MTBA
- 1D
- -0.12%
- 1M
- 0.59%
- YTD
- -0.06%
- 6M
- 0.09%
- 1Y
- 4.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AHTPX
- 1D
- 0.35%
- 1M
- 1.31%
- YTD
- 8.90%
- 6M
- 9.63%
- 1Y
- 21.54%
- 3Y*
- 9.68%
- 5Y*
- 5.30%
- 10Y*
- —
MTBA vs. AHTPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MTBA Simplify MBS ETF | -0.06% | 7.74% | 1.99% | 3.67% |
AHTPX American Beacon AHL TargetRisk Fund | 8.90% | 7.76% | 6.73% | 7.55% |
Correlation
The correlation between MTBA and AHTPX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2023 | 0.40 |
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Return for Risk
MTBA vs. AHTPX — Risk / Return Rank
MTBA
AHTPX
MTBA vs. AHTPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify MBS ETF (MTBA) 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.
| MTBA | AHTPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.43 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 2.93 | -1.28 |
| Martin ratioReturn relative to average drawdown | 5.22 | 7.97 | -2.75 |
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Drawdowns
MTBA vs. AHTPX - Drawdown Comparison
The maximum MTBA drawdown since its inception was -3.48%, smaller than the maximum AHTPX drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for MTBA and AHTPX.
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Drawdown Indicators
| MTBA | AHTPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.48% | -19.23% | +15.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -7.26% | +4.44% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.89% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.23% | — |
Current DrawdownCurrent decline from peak | -1.44% | -1.86% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -5.64% | +4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 2.66% | -1.77% |
Volatility
MTBA vs. AHTPX - Volatility Comparison
The current volatility for Simplify MBS ETF (MTBA) is 0.97%, while American Beacon AHL TargetRisk Fund (AHTPX) has a volatility of 2.23%. This indicates that MTBA experiences smaller price fluctuations and is considered to be less risky than AHTPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTBA | AHTPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 2.23% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 6.83% | -4.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.11% | 9.40% | -6.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.95% | 9.65% | -5.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.95% | 8.94% | -4.99% |
MTBA vs. AHTPX - Expense Ratio Comparison
MTBA has a 0.15% expense ratio, which is lower than AHTPX's 1.41% expense ratio.
Dividends
MTBA vs. AHTPX - Dividend Comparison
MTBA's dividend yield for the trailing twelve months is around 6.08%, less than AHTPX's 7.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AHTPX American Beacon AHL TargetRisk Fund | 7.33% | 7.98% | 4.80% | 3.63% | 5.07% | 18.73% | 0.54% | 4.51% |
MTBA Simplify MBS ETF | 6.08% | 5.98% | 6.03% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MTBA and AHTPX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AHTPX has higher volatility (2.23%) compared to MTBA (0.97%). In terms of maximum drawdown, MTBA dropped -3.48% vs AHTPX's -19.23%.
AHTPX currently has the higher Sharpe Ratio (2.26 vs 1.50), 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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