SHDPX vs. ARSMX

Last updated Aug 1, 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 0.07 correlation means their historical movements had little consistent relationship. 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: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ARSMX

• 1D: -1.31%
• 1M: 2.53%
• 6M: 8.11%
• YTD: 10.49%
• 1Y: 9.57%
• 3Y*: 9.29%
• 5Y*: 6.50%
• 10Y*: 10.18%
• ALL TIME*: 7.70%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ARSMX AMG River Road Small-Mid Cap Value Fund	$0.00	$0.00	$0.00

SHDPX vs. ARSMX - Yearly Performance Comparison

	2026 (YTD)
SHDPX American Beacon Shapiro SMID Cap Equity Fund	0.35%
ARSMX AMG River Road Small-Mid Cap Value Fund	10.38%

Correlation

The correlation between SHDPX and ARSMX is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.07

Return for Risk

SHDPX vs. ARSMX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SHDPX

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

ARSMX

ARSMX Risk / Return Rank: 13
ARSMX Sharpe Ratio Rank: 13
ARSMX Sortino Ratio Rank: 13
ARSMX Omega Ratio Rank: 14
ARSMX Calmar Ratio Rank: 15
ARSMX Martin Ratio Rank: 12

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.

	SHDPX	ARSMX	Difference
Sharpe ratio: Return per unit of total volatility	—	0.51	—
Sortino ratio: Return per unit of downside risk	—	0.81	—
Omega ratio: Gain probability vs. loss probability	—	1.10	—
Calmar ratio: Return relative to maximum drawdown	—	0.71	—
Martin ratio: Return relative to average drawdown	—	1.64	—

Drawdowns

Drawdown Indicators

	SHDPX	ARSMX	Difference
Max Drawdown Largest peak-to-trough decline	—	-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	—	-1.59%	—
Average Drawdown Average peak-to-trough decline	—	-8.06%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.47%	—

Volatility

Volatility by Period

	SHDPX	ARSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.41%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.71%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.51%	—

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 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.