SHDPX vs. VESMX

Last updated Jun 4, 2026

SHDPX (American Beacon Shapiro SMID Cap Equity Fund) and VESMX (VELA Small Cap Fund) are both Small Cap Value Equities funds. At a correlation of -0.87, they often move in opposite directions. SHDPX charges 2.31%/yr vs 1.20%/yr for VESMX.

Performance

SHDPX vs. VESMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Beacon Shapiro SMID Cap Equity Fund (SHDPX) and VELA Small Cap Fund (VESMX). 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*: —

VESMX

• 1D: -0.09%
• 1M: 0.24%
• YTD: 3.66%
• 6M: 3.63%
• 1Y: 15.47%
• 3Y*: 10.91%
• 5Y*: 6.25%
• 10Y*: —

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

SHDPX vs. VESMX - Yearly Performance Comparison

	2026 (YTD)
SHDPX American Beacon Shapiro SMID Cap Equity Fund	0.12%
VESMX VELA Small Cap Fund	0.33%

Correlation

The correlation between SHDPX and VESMX is -0.87, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

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

Return for Risk

SHDPX vs. VESMX — Risk / Return Rank

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

VESMX

VESMX Risk / Return Rank: 19
VESMX Sharpe Ratio Rank: 17
VESMX Sortino Ratio Rank: 18
VESMX Omega Ratio Rank: 16
VESMX Calmar Ratio Rank: 24
VESMX Martin Ratio Rank: 21

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. VESMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon Shapiro SMID Cap Equity Fund (SHDPX) and VELA Small Cap Fund (VESMX). 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	VESMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.18	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	11.78	0.77	+11.01

Drawdowns

SHDPX vs. VESMX - Drawdown Comparison

The maximum SHDPX drawdown since its inception was 0.00%, smaller than the maximum VESMX drawdown of -20.35%. Use the drawdown chart below to compare losses from any high point for SHDPX and VESMX.

Drawdown Indicators

	SHDPX	VESMX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-20.35%	+20.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.48%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.35%	—
Current Drawdown Current decline from peak	0.00%	-3.33%	+3.33%
Average Drawdown Average peak-to-trough decline	0.00%	-4.57%	+4.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.14%	—

Volatility

Volatility by Period

	SHDPX	VESMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.81%	—
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%	17.42%	-16.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.07%	18.23%	-17.16%

SHDPX vs. VESMX - Expense Ratio Comparison

SHDPX has a 2.31% expense ratio, which is higher than VESMX's 1.20% expense ratio.

Dividends

SHDPX vs. VESMX - Dividend Comparison

SHDPX has not paid dividends to shareholders, while VESMX's dividend yield for the trailing twelve months is around 0.97%.

Position	TTM	2025	2024	2023	2022	2021	2020
SHDPX American Beacon Shapiro SMID Cap Equity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VESMX VELA Small Cap Fund	0.97%	1.01%	0.22%	0.66%	0.69%	0.98%	0.06%

Frequently Asked Questions

Can I hold both SHDPX and VESMX in my portfolio?

SHDPX and VESMX 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.