SHOYX vs. FSHNX
SHOYX (American Beacon SiM High Yield Opportunities Fund Class Y) and FSHNX (Fidelity Series High Income Fund) are both High Yield Bonds funds. Over the past 10 years, SHOYX returned 6.32%/yr vs 6.20%/yr for FSHNX. Their correlation of 0.82 suggests significant overlap in exposure. SHOYX charges 0.75%/yr vs 0.00%/yr for FSHNX.
Performance
SHOYX vs. FSHNX - Performance Comparison
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Returns By Period
In the year-to-date period, SHOYX achieves a 2.27% return, which is significantly lower than FSHNX's 3.33% return. Both investments have delivered pretty close results over the past 10 years, with SHOYX having a 6.32% annualized return and FSHNX not far behind at 6.20%.
SHOYX
- 1D
- 0.00%
- 1M
- 0.07%
- YTD
- 2.27%
- 6M
- 2.87%
- 1Y
- 10.13%
- 3Y*
- 9.05%
- 5Y*
- 4.97%
- 10Y*
- 6.32%
FSHNX
- 1D
- 0.00%
- 1M
- 0.99%
- YTD
- 3.33%
- 6M
- 4.07%
- 1Y
- 10.75%
- 3Y*
- 10.22%
- 5Y*
- 5.17%
- 10Y*
- 6.20%
SHOYX vs. FSHNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHOYX American Beacon SiM High Yield Opportunities Fund Class Y | 2.27% | 9.52% | 8.69% | 11.30% | -8.20% | 8.82% | 6.49% | 12.34% | -1.20% | 7.32% |
FSHNX Fidelity Series High Income Fund | 3.33% | 11.17% | 8.75% | 11.25% | -11.52% | 6.05% | 4.57% | 15.20% | -2.14% | 9.40% |
Correlation
The correlation between SHOYX and FSHNX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2012 | 0.82 |
The correlation between SHOYX and FSHNX has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
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Return for Risk
SHOYX vs. FSHNX — Risk / Return Rank
SHOYX
FSHNX
SHOYX vs. FSHNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon SiM High Yield Opportunities Fund Class Y (SHOYX) and Fidelity Series High Income Fund (FSHNX). 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.
| SHOYX | FSHNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.95 | 1.91 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.16 | 5.75 | -0.60 |
| Martin ratioReturn relative to average drawdown | 26.52 | 30.13 | -3.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHOYX | FSHNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.62 | 3.44 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.16 | 0.98 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.24 | 1.07 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.40 | 1.00 | +0.40 |
Drawdowns
SHOYX vs. FSHNX - Drawdown Comparison
The maximum SHOYX drawdown since its inception was -24.66%, which is greater than FSHNX's maximum drawdown of -21.98%. Use the drawdown chart below to compare losses from any high point for SHOYX and FSHNX.
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Drawdown Indicators
| SHOYX | FSHNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.66% | -21.98% | -2.68% |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | -2.13% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -3.67% | -4.05% | +0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -12.31% | -15.32% | +3.01% |
Max Drawdown (10Y)Largest decline over 10 years | -24.66% | -21.98% | -2.68% |
Current DrawdownCurrent decline from peak | -0.11% | 0.00% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -1.88% | -2.42% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.40% | -0.01% |
Volatility
SHOYX vs. FSHNX - Volatility Comparison
The current volatility for American Beacon SiM High Yield Opportunities Fund Class Y (SHOYX) is 0.78%, while Fidelity Series High Income Fund (FSHNX) has a volatility of 0.97%. This indicates that SHOYX experiences smaller price fluctuations and is considered to be less risky than FSHNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHOYX | FSHNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.97% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 2.55% | -0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.84% | 3.55% | -0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.32% | 5.31% | -0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.12% | 5.83% | -0.71% |
SHOYX vs. FSHNX - Expense Ratio Comparison
SHOYX has a 0.75% expense ratio, which is higher than FSHNX's 0.00% expense ratio.
Dividends
SHOYX vs. FSHNX - Dividend Comparison
SHOYX's dividend yield for the trailing twelve months is around 6.28%, less than FSHNX's 6.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHNX Fidelity Series High Income Fund | 6.96% | 7.04% | 5.97% | 6.21% | 4.90% | 5.01% | 5.57% | 6.35% | 6.95% | 6.03% | 6.24% | 5.79% |
SHOYX American Beacon SiM High Yield Opportunities Fund Class Y | 6.28% | 6.97% | 5.67% | 5.62% | 4.38% | 5.43% | 6.30% | 6.17% | 6.36% | 5.79% | 6.63% | 5.19% |
Frequently Asked Questions
SHOYX and FSHNX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSHNX has higher volatility (0.97%) compared to SHOYX (0.78%). In terms of maximum drawdown, SHOYX dropped -24.66% vs FSHNX's -21.98%.
SHOYX currently has the higher Sharpe Ratio (3.62 vs 3.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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