SHOYX vs. PRHYX
SHOYX (American Beacon SiM High Yield Opportunities Fund Class Y) and PRHYX (T. Rowe Price High Yield Fund) are both High Yield Bonds funds. Over the past 10 years, SHOYX returned 6.27%/yr vs 6.43%/yr for PRHYX. A 0.77 correlation means they provide meaningful diversification when combined. SHOYX charges 0.75%/yr vs 0.70%/yr for PRHYX.
Performance
SHOYX vs. PRHYX - Performance Comparison
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Returns By Period
In the year-to-date period, SHOYX achieves a 2.06% return, which is significantly higher than PRHYX's 1.39% return. Both investments have delivered pretty close results over the past 10 years, with SHOYX having a 6.27% annualized return and PRHYX not far ahead at 6.43%.
SHOYX
- 1D
- 0.11%
- 1M
- 0.38%
- YTD
- 2.06%
- 6M
- 2.66%
- 1Y
- 9.42%
- 3Y*
- 9.14%
- 5Y*
- 4.86%
- 10Y*
- 6.27%
PRHYX
- 1D
- 0.00%
- 1M
- 0.40%
- YTD
- 1.39%
- 6M
- 2.08%
- 1Y
- 6.57%
- 3Y*
- 11.74%
- 5Y*
- 6.21%
- 10Y*
- 6.43%
SHOYX vs. PRHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHOYX American Beacon SiM High Yield Opportunities Fund Class Y | 2.06% | 9.52% | 8.69% | 11.30% | -8.20% | 8.82% | 6.49% | 12.34% | -1.20% | 7.32% |
PRHYX T. Rowe Price High Yield Fund | 1.39% | 10.44% | 12.07% | 20.05% | -12.48% | 5.22% | 4.99% | 14.69% | -3.30% | 7.40% |
Correlation
The correlation between SHOYX and PRHYX is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.77 |
The correlation between SHOYX and PRHYX shifts across timeframes, from 0.59 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SHOYX vs. PRHYX — Risk / Return Rank
SHOYX
PRHYX
SHOYX vs. PRHYX - 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 T. Rowe Price High Yield Fund (PRHYX). 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.
| SHOYX | PRHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.85 | 1.47 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 4.80 | 3.03 | +1.77 |
| Martin ratioReturn relative to average drawdown | 24.10 | 14.55 | +9.56 |
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Drawdowns
SHOYX vs. PRHYX - Drawdown Comparison
The maximum SHOYX drawdown since its inception was -24.66%, smaller than the maximum PRHYX drawdown of -30.79%. Use the drawdown chart below to compare losses from any high point for SHOYX and PRHYX.
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Drawdown Indicators
| SHOYX | PRHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.66% | -30.79% | +6.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | -2.17% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -3.67% | -3.33% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -12.31% | -16.43% | +4.12% |
Max Drawdown (10Y)Largest decline over 10 years | -24.66% | -22.10% | -2.56% |
Current DrawdownCurrent decline from peak | -0.32% | -0.50% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -1.88% | -3.63% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.45% | -0.05% |
Volatility
SHOYX vs. PRHYX - Volatility Comparison
The current volatility for American Beacon SiM High Yield Opportunities Fund Class Y (SHOYX) is 0.84%, while T. Rowe Price High Yield Fund (PRHYX) has a volatility of 0.95%. This indicates that SHOYX experiences smaller price fluctuations and is considered to be less risky than PRHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHOYX | PRHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 0.95% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.14% | 2.52% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.87% | 3.18% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.33% | 5.34% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.11% | 5.59% | -0.48% |
SHOYX vs. PRHYX - Expense Ratio Comparison
SHOYX has a 0.75% expense ratio, which is higher than PRHYX's 0.70% expense ratio.
Dividends
SHOYX vs. PRHYX - Dividend Comparison
SHOYX's dividend yield for the trailing twelve months is around 6.29%, less than PRHYX's 6.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRHYX T. Rowe Price High Yield Fund | 6.74% | 8.33% | 11.50% | 11.49% | 4.68% | 5.09% | 5.19% | 5.48% | 6.25% | 5.49% | 6.02% | 6.45% |
SHOYX American Beacon SiM High Yield Opportunities Fund Class Y | 6.29% | 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 PRHYX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRHYX has higher volatility (0.95%) compared to SHOYX (0.84%). In terms of maximum drawdown, SHOYX dropped -24.66% vs PRHYX's -30.79%.
SHOYX currently has the higher Sharpe Ratio (3.34 vs 2.07), 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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