SHYPX vs. PSHNX

Last updated Jun 3, 2026

SHYPX (American Beacon SiM High Yld Opps Fund) and PSHNX (Penn Capital Short Duration High Income Fund) are both High Yield Bonds funds. Over the past 5 years, SHYPX returned 5.30%/yr vs 4.84%/yr for PSHNX. A 0.67 correlation means they provide meaningful diversification when combined. SHYPX charges 1.10%/yr vs 1.01%/yr for PSHNX.

Performance

SHYPX vs. PSHNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Beacon SiM High Yld Opps Fund (SHYPX) and Penn Capital Short Duration High Income Fund (PSHNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHYPX achieves a 2.13% return, which is significantly higher than PSHNX's 1.63% return.

SHYPX

• 1D: -0.11%
• 1M: -0.07%
• YTD: 2.13%
• 6M: 2.69%
• 1Y: 9.88%
• 3Y*: 9.48%
• 5Y*: 5.30%
• 10Y*: 6.34%

PSHNX

• 1D: 0.00%
• 1M: 0.26%
• YTD: 1.63%
• 6M: 2.37%
• 1Y: 6.56%
• 3Y*: 7.32%
• 5Y*: 4.84%
• 10Y*: —

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

SHYPX vs. PSHNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SHYPX American Beacon SiM High Yld Opps Fund	2.13%	9.15%	9.62%	13.26%	-8.39%	8.34%	6.08%	12.05%	-1.46%	2.90%
PSHNX Penn Capital Short Duration High Income Fund	1.63%	7.72%	7.19%	8.72%	-2.26%	3.43%	0.88%	7.40%	0.61%	0.65%

Correlation

The correlation between SHYPX and PSHNX is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jul 21, 2017	0.67

The correlation between SHYPX and PSHNX has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.

Return for Risk

SHYPX vs. PSHNX — Risk / Return Rank

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

SHYPX

SHYPX Risk / Return Rank: 97
SHYPX Sharpe Ratio Rank: 97
SHYPX Sortino Ratio Rank: 98
SHYPX Omega Ratio Rank: 96
SHYPX Calmar Ratio Rank: 94
SHYPX Martin Ratio Rank: 97

PSHNX

PSHNX Risk / Return Rank: 96
PSHNX Sharpe Ratio Rank: 96
PSHNX Sortino Ratio Rank: 97
PSHNX Omega Ratio Rank: 96
PSHNX Calmar Ratio Rank: 95
PSHNX Martin Ratio Rank: 98

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.

SHYPX vs. PSHNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon SiM High Yld Opps Fund (SHYPX) and Penn Capital Short Duration High Income Fund (PSHNX). 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.

	SHYPX	PSHNX	Difference
Sharpe ratio Return per unit of total volatility	3.64	3.48	+0.16
Sortino ratio Return per unit of downside risk	6.64	5.67	+0.97
Omega ratio Gain probability vs. loss probability	1.89	1.83	+0.06
Calmar ratio Return relative to maximum drawdown	5.51	5.74	-0.23
Martin ratio Return relative to average drawdown	27.93	29.31	-1.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHYPX vs. PSHNX - Sharpe Ratio Comparison

The current SHYPX Sharpe Ratio is 3.64, which is comparable to the PSHNX Sharpe Ratio of 3.48. The chart below compares the historical Sharpe Ratios of SHYPX and PSHNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SHYPX	PSHNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.64	3.48	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.23	1.83	-0.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.39	1.27	+0.12

Drawdowns

SHYPX vs. PSHNX - Drawdown Comparison

The maximum SHYPX drawdown since its inception was -24.85%, which is greater than PSHNX's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for SHYPX and PSHNX.

Drawdown Indicators

	SHYPX	PSHNX	Difference
Max Drawdown Largest peak-to-trough decline	-24.85%	-14.53%	-10.32%
Max Drawdown (1Y) Largest decline over 1 year	-1.90%	-1.14%	-0.76%
Max Drawdown (3Y) Largest decline over 3 years	-3.82%	-2.83%	-0.99%
Max Drawdown (5Y) Largest decline over 5 years	-12.50%	-6.02%	-6.48%
Max Drawdown (10Y) Largest decline over 10 years	-24.85%	—	—
Current Drawdown Current decline from peak	-0.11%	0.00%	-0.11%
Average Drawdown Average peak-to-trough decline	-1.89%	-0.89%	-1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.37%	0.22%	+0.15%

Volatility

SHYPX vs. PSHNX - Volatility Comparison

American Beacon SiM High Yld Opps Fund (SHYPX) has a higher volatility of 0.82% compared to Penn Capital Short Duration High Income Fund (PSHNX) at 0.70%. This indicates that SHYPX's price experiences larger fluctuations and is considered to be riskier than PSHNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHYPX	PSHNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.82%	0.70%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	2.07%	1.48%	+0.59%
Volatility (1Y) Calculated over the trailing 1-year period	2.73%	1.90%	+0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.32%	2.65%	+1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.12%	3.16%	+1.96%

SHYPX vs. PSHNX - Expense Ratio Comparison

SHYPX has a 1.10% expense ratio, which is higher than PSHNX's 1.01% expense ratio.

Dividends

SHYPX vs. PSHNX - Dividend Comparison

SHYPX's dividend yield for the trailing twelve months is around 5.93%, less than PSHNX's 6.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSHNX Penn Capital Short Duration High Income Fund	6.07%	6.27%	6.43%	4.95%	3.47%	3.17%	3.95%	3.65%	3.13%	1.46%	0.00%	0.00%
SHYPX American Beacon SiM High Yld Opps Fund	5.93%	6.63%	6.50%	7.39%	4.10%	5.09%	6.05%	5.91%	6.09%	5.52%	6.38%	4.95%

Frequently Asked Questions

Can I hold both SHYPX and PSHNX in my portfolio?

SHYPX and PSHNX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHYPX or PSHNX?

SHYPX has higher volatility (0.82%) compared to PSHNX (0.70%). In terms of maximum drawdown, SHYPX dropped -24.85% vs PSHNX's -14.53%.

Which has better risk-adjusted returns?

SHYPX currently has the higher Sharpe Ratio (3.64 vs 3.48), 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.