SHDPX vs. GCAVX

Last updated Jun 5, 2026

SHDPX (American Beacon Shapiro SMID Cap Equity Fund) and GCAVX (GMO U.S. Small Cap Value Fund) are both Small Cap Value Equities funds. A 0.77 correlation means they provide meaningful diversification when combined. SHDPX charges 2.31%/yr vs 0.42%/yr for GCAVX.

Performance

SHDPX vs. GCAVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Beacon Shapiro SMID Cap Equity Fund (SHDPX) and GMO U.S. Small Cap Value Fund (GCAVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SHDPX

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GCAVX

• 1D: -0.63%
• 1M: 1.28%
• YTD: 15.46%
• 6M: 15.75%
• 1Y: 40.50%
• 3Y*: 20.69%
• 5Y*: 9.86%
• 10Y*: —

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

SHDPX vs. GCAVX - Yearly Performance Comparison

	2026 (YTD)
SHDPX American Beacon Shapiro SMID Cap Equity Fund	0.12%
GCAVX GMO U.S. Small Cap Value Fund	-0.04%

Correlation

The correlation between SHDPX and GCAVX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.77

Return for Risk

SHDPX vs. GCAVX — Risk / Return Rank

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

GCAVX

GCAVX Risk / Return Rank: 62
GCAVX Sharpe Ratio Rank: 54
GCAVX Sortino Ratio Rank: 54
GCAVX Omega Ratio Rank: 47
GCAVX Calmar Ratio Rank: 83
GCAVX Martin Ratio Rank: 70

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. GCAVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon Shapiro SMID Cap Equity Fund (SHDPX) and GMO U.S. Small Cap Value Fund (GCAVX). 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	GCAVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.12	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	9.50	0.49	+9.02

Drawdowns

SHDPX vs. GCAVX - Drawdown Comparison

The maximum SHDPX drawdown since its inception was 0.00%, smaller than the maximum GCAVX drawdown of -48.22%. Use the drawdown chart below to compare losses from any high point for SHDPX and GCAVX.

Drawdown Indicators

	SHDPX	GCAVX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-48.22%	+48.22%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.64%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-26.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.15%	—
Current Drawdown Current decline from peak	0.00%	-1.25%	+1.25%
Average Drawdown Average peak-to-trough decline	0.00%	-8.55%	+8.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.04%	—

Volatility

Volatility by Period

	SHDPX	GCAVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.92%	18.69%	-17.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.92%	21.91%	-20.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.92%	26.63%	-25.71%

SHDPX vs. GCAVX - Expense Ratio Comparison

SHDPX has a 2.31% expense ratio, which is higher than GCAVX's 0.42% expense ratio.

Dividends

SHDPX vs. GCAVX - Dividend Comparison

SHDPX has not paid dividends to shareholders, while GCAVX's dividend yield for the trailing twelve months is around 2.54%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GCAVX GMO U.S. Small Cap Value Fund	2.54%	2.94%	1.68%	1.85%	10.92%	41.19%	1.54%	0.83%
SHDPX American Beacon Shapiro SMID Cap Equity Fund	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 GCAVX in my portfolio?

SHDPX and GCAVX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.