RSBT vs. AHTPX

Last updated Jun 24, 2026

RSBT (Return Stacked Bonds & Managed Futures ETF) and AHTPX (American Beacon AHL TargetRisk Fund) are both funds - RSBT is a Nontraditional Bonds fund actively managed by Return Stacked, while AHTPX is a Tactical Allocation fund managed by American Beacon. Over the past 3 years, RSBT returned 3.07%/yr vs 10.28%/yr for AHTPX. At a 0.50 correlation, their price movements are largely independent. RSBT charges 0.97%/yr vs 1.41%/yr for AHTPX.

Performance

RSBT vs. AHTPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Return Stacked Bonds & Managed Futures ETF (RSBT) 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, RSBT achieves a 5.80% return, which is significantly lower than AHTPX's 8.33% return.

RSBT

• 1D: -0.89%
• 1M: -2.37%
• YTD: 5.80%
• 6M: 4.32%
• 1Y: 23.34%
• 3Y*: 3.07%
• 5Y*: —
• 10Y*: —

AHTPX

• 1D: -0.52%
• 1M: 0.78%
• YTD: 8.33%
• 6M: 7.95%
• 1Y: 21.03%
• 3Y*: 10.28%
• 5Y*: 5.04%
• 10Y*: —

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

RSBT vs. AHTPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RSBT Return Stacked Bonds & Managed Futures ETF	5.80%	10.31%	-2.90%	-11.85%
AHTPX American Beacon AHL TargetRisk Fund	8.33%	7.76%	6.73%	8.84%

Correlation

The correlation between RSBT and AHTPX is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (All Time) Calculated using the full available price history since Feb 8, 2023	0.50

The correlation between RSBT and AHTPX shifts across timeframes, from 0.50 (all time) to 0.65 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

RSBT vs. AHTPX — Risk / Return Rank

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

RSBT

RSBT Risk / Return Rank: 54
RSBT Sharpe Ratio Rank: 48
RSBT Sortino Ratio Rank: 43
RSBT Omega Ratio Rank: 49
RSBT Calmar Ratio Rank: 76
RSBT Martin Ratio Rank: 56

AHTPX

AHTPX Risk / Return Rank: 61
AHTPX Sharpe Ratio Rank: 70
AHTPX Sortino Ratio Rank: 66
AHTPX Omega Ratio Rank: 70
AHTPX Calmar Ratio Rank: 62
AHTPX Martin Ratio Rank: 38

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.

RSBT vs. AHTPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Return Stacked Bonds & Managed Futures ETF (RSBT) 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.

	RSBT	AHTPX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	2.23	-0.64
Sortino ratio: Return per unit of downside risk	2.06	3.08	-1.02
Omega ratio: Gain probability vs. loss probability	1.30	1.42	-0.13
Calmar ratio: Return relative to maximum drawdown	3.71	2.89	+0.81
Martin ratio: Return relative to average drawdown	9.31	7.85	+1.46

RSBT vs. AHTPX - Sharpe Ratio Comparison

The current RSBT Sharpe Ratio is 1.60, which is comparable to the AHTPX Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of RSBT 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

RSBT vs. AHTPX - Drawdown Comparison

The maximum RSBT drawdown since its inception was -23.60%, which is greater than AHTPX's maximum drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for RSBT and AHTPX.

Drawdown Indicators

	RSBT	AHTPX	Difference
Max Drawdown Largest peak-to-trough decline	-23.60%	-19.23%	-4.37%
Max Drawdown (1Y) Largest decline over 1 year	-6.33%	-7.26%	+0.93%
Max Drawdown (3Y) Largest decline over 3 years	-18.98%	-12.89%	-6.09%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.23%	—
Current Drawdown Current decline from peak	-4.39%	-2.36%	-2.03%
Average Drawdown Average peak-to-trough decline	-12.49%	-5.64%	-6.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	2.67%	-0.16%

Volatility

RSBT vs. AHTPX - Volatility Comparison

Return Stacked Bonds & Managed Futures ETF (RSBT) has a higher volatility of 5.64% compared to American Beacon AHL TargetRisk Fund (AHTPX) at 2.29%. This indicates that RSBT'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

	RSBT	AHTPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.64%	2.29%	+3.35%
Volatility (6M) Calculated over the trailing 6-month period	11.03%	6.85%	+4.18%
Volatility (1Y) Calculated over the trailing 1-year period	14.69%	9.43%	+5.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.84%	9.65%	+4.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.84%	8.94%	+4.90%

RSBT vs. AHTPX - Expense Ratio Comparison

RSBT has a 0.97% expense ratio, which is lower than AHTPX's 1.41% expense ratio.

Dividends

RSBT vs. AHTPX - Dividend Comparison

RSBT's dividend yield for the trailing twelve months is around 3.03%, less than AHTPX's 7.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AHTPX American Beacon AHL TargetRisk Fund	7.37%	7.98%	4.80%	3.63%	5.07%	18.73%	0.54%	4.51%
RSBT Return Stacked Bonds & Managed Futures ETF	3.03%	3.20%	0.00%	2.38%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RSBT and AHTPX in my portfolio?

RSBT and AHTPX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSBT or AHTPX?

RSBT has higher volatility (5.64%) compared to AHTPX (2.29%). In terms of maximum drawdown, RSBT dropped -23.60% vs AHTPX's -19.23%.

Which has better risk-adjusted returns?

AHTPX currently has the higher Sharpe Ratio (2.23 vs 1.60), 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.