SHDPX vs. AFDVX

Last updated Jun 4, 2026

SHDPX (American Beacon Shapiro SMID Cap Equity Fund) and AFDVX (Applied Finance Explorer Investor) are both Small Cap Value Equities funds. Their correlation of 0.87 suggests significant overlap in exposure. SHDPX charges 2.31%/yr vs 1.08%/yr for AFDVX.

Performance

SHDPX vs. AFDVX - Performance Comparison

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

Returns By Period

SHDPX

• 1D: 0.12%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AFDVX

• 1D: 0.71%
• 1M: 1.83%
• YTD: 11.20%
• 6M: 10.44%
• 1Y: 25.19%
• 3Y*: 16.62%
• 5Y*: 9.21%
• 10Y*: 13.27%

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

SHDPX vs. AFDVX - Yearly Performance Comparison

	2026 (YTD)
SHDPX American Beacon Shapiro SMID Cap Equity Fund	0.12%
AFDVX Applied Finance Explorer Investor	0.47%

Correlation

The correlation between SHDPX and AFDVX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.87

Return for Risk

SHDPX vs. AFDVX — Risk / Return Rank

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

AFDVX

AFDVX Risk / Return Rank: 45
AFDVX Sharpe Ratio Rank: 35
AFDVX Sortino Ratio Rank: 36
AFDVX Omega Ratio Rank: 32
AFDVX Calmar Ratio Rank: 69
AFDVX Martin Ratio Rank: 51

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.

SHDPX vs. AFDVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon Shapiro SMID Cap Equity Fund (SHDPX) and Applied Finance Explorer Investor (AFDVX). 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.

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

Sharpe Ratios by Period

	SHDPX	AFDVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.70	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.45	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	11.78	0.59	+11.20

Drawdowns

SHDPX vs. AFDVX - Drawdown Comparison

The maximum SHDPX drawdown since its inception was 0.00%, smaller than the maximum AFDVX drawdown of -42.97%. Use the drawdown chart below to compare losses from any high point for SHDPX and AFDVX.

Drawdown Indicators

	SHDPX	AFDVX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-42.97%	+42.97%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.33%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.38%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.97%	—
Current Drawdown Current decline from peak	0.00%	-0.77%	+0.77%
Average Drawdown Average peak-to-trough decline	0.00%	-6.76%	+6.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.54%	—

Volatility

Volatility by Period

	SHDPX	AFDVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.07%	15.66%	-14.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.07%	20.43%	-19.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.07%	22.55%	-21.48%

SHDPX vs. AFDVX - Expense Ratio Comparison

SHDPX has a 2.31% expense ratio, which is higher than AFDVX's 1.08% expense ratio.

Dividends

SHDPX vs. AFDVX - Dividend Comparison

SHDPX has not paid dividends to shareholders, while AFDVX's dividend yield for the trailing twelve months is around 2.61%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AFDVX Applied Finance Explorer Investor	2.61%	2.90%	2.49%	0.77%	1.73%	0.67%	0.15%	0.46%	10.44%	1.96%
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%

Frequently Asked Questions

Can I hold both SHDPX and AFDVX in my portfolio?

SHDPX and AFDVX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.