SHDPX vs. ARSMX

Last updated Jun 4, 2026

SHDPX (American Beacon Shapiro SMID Cap Equity Fund) and ARSMX (AMG River Road Small-Mid Cap Value Fund) are both Small Cap Value Equities funds. Their correlation of 0.87 suggests significant overlap in exposure. SHDPX charges 2.31%/yr vs 1.27%/yr for ARSMX.

Performance

SHDPX vs. ARSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Beacon Shapiro SMID Cap Equity Fund (SHDPX) and AMG River Road Small-Mid Cap Value Fund (ARSMX). 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*: —

ARSMX

• 1D: 0.00%
• 1M: -1.56%
• YTD: -0.63%
• 6M: -5.58%
• 1Y: 0.32%
• 3Y*: 8.37%
• 5Y*: 3.61%
• 10Y*: 9.26%

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

SHDPX vs. ARSMX - Yearly Performance Comparison

	2026 (YTD)
SHDPX American Beacon Shapiro SMID Cap Equity Fund	0.12%
ARSMX AMG River Road Small-Mid Cap Value Fund	-1.04%

Correlation

The correlation between SHDPX and ARSMX 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. ARSMX — Risk / Return Rank

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

ARSMX

ARSMX Risk / Return Rank: 3
ARSMX Sharpe Ratio Rank: 3
ARSMX Sortino Ratio Rank: 3
ARSMX Omega Ratio Rank: 3
ARSMX Calmar Ratio Rank: 3
ARSMX Martin Ratio Rank: 3

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. ARSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon Shapiro SMID Cap Equity Fund (SHDPX) and AMG River Road Small-Mid Cap Value Fund (ARSMX). 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	ARSMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.11	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.20	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	11.78	0.35	+11.43

Drawdowns

SHDPX vs. ARSMX - Drawdown Comparison

The maximum SHDPX drawdown since its inception was 0.00%, smaller than the maximum ARSMX drawdown of -51.75%. Use the drawdown chart below to compare losses from any high point for SHDPX and ARSMX.

Drawdown Indicators

	SHDPX	ARSMX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-51.75%	+51.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.37%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.96%	—
Current Drawdown Current decline from peak	0.00%	-8.08%	+8.08%
Average Drawdown Average peak-to-trough decline	0.00%	-8.11%	+8.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.34%	—

Volatility

Volatility by Period

	SHDPX	ARSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.07%	14.38%	-13.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.07%	17.78%	-16.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.07%	19.58%	-18.51%

SHDPX vs. ARSMX - Expense Ratio Comparison

SHDPX has a 2.31% expense ratio, which is higher than ARSMX's 1.27% expense ratio.

Dividends

SHDPX vs. ARSMX - Dividend Comparison

Neither SHDPX nor ARSMX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARSMX AMG River Road Small-Mid Cap Value Fund	0.00%	0.00%	9.27%	3.89%	4.85%	5.86%	0.00%	3.60%	8.60%	15.66%	8.03%	17.82%
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 SHDPX and ARSMX in my portfolio?

SHDPX and ARSMX 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.