SMVLX vs. SHXPX

Last updated Jun 3, 2026

SMVLX (Smead Value Fund) and SHXPX (American Beacon Shapiro Equity Opportunities Fund) are both Large Cap Value Equities funds. With a 1.00 correlation, they move nearly in lockstep. SMVLX charges 1.26%/yr vs 1.21%/yr for SHXPX.

Performance

SMVLX vs. SHXPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Smead Value Fund (SMVLX) and American Beacon Shapiro Equity Opportunities Fund (SHXPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SMVLX

• 1D: -0.13%
• 1M: -0.30%
• YTD: 12.94%
• 6M: 12.79%
• 1Y: 29.77%
• 3Y*: 13.68%
• 5Y*: 9.25%
• 10Y*: 12.06%

SHXPX

• 1D: 0.32%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMVLX vs. SHXPX - Yearly Performance Comparison

	2026 (YTD)
SMVLX Smead Value Fund	-0.56%
SHXPX American Beacon Shapiro Equity Opportunities Fund	0.39%

Correlation

The correlation between SMVLX and SHXPX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	1.00

Return for Risk

SMVLX vs. SHXPX — Risk / Return Rank

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

SMVLX

SMVLX Risk / Return Rank: 65
SMVLX Sharpe Ratio Rank: 52
SMVLX Sortino Ratio Rank: 55
SMVLX Omega Ratio Rank: 48
SMVLX Calmar Ratio Rank: 92
SMVLX Martin Ratio Rank: 78

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.

SMVLX vs. SHXPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Smead Value Fund (SMVLX) and American Beacon Shapiro Equity Opportunities Fund (SHXPX). 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.

	SMVLX	SHXPX	Difference
Sharpe ratio Return per unit of total volatility	2.14	—	—
Sortino ratio Return per unit of downside risk	3.14	—	—
Omega ratio Gain probability vs. loss probability	1.38	—	—
Calmar ratio Return relative to maximum drawdown	5.04	—	—
Martin ratio Return relative to average drawdown	14.69	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SMVLX	SHXPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	30.68	-29.98

Drawdowns

SMVLX vs. SHXPX - Drawdown Comparison

The maximum SMVLX drawdown since its inception was -39.56%, which is greater than SHXPX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SMVLX and SHXPX.

Drawdown Indicators

	SMVLX	SHXPX	Difference
Max Drawdown Largest peak-to-trough decline	-39.56%	0.00%	-39.56%
Max Drawdown (1Y) Largest decline over 1 year	-5.90%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-24.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.62%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.56%	—	—
Current Drawdown Current decline from peak	-1.24%	0.00%	-1.24%
Average Drawdown Average peak-to-trough decline	-4.60%	0.00%	-4.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	—	—

Volatility

Volatility by Period

	SMVLX	SHXPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.95%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.17%	2.91%	+11.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.36%	2.91%	+15.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.47%	2.91%	+16.56%

SMVLX vs. SHXPX - Expense Ratio Comparison

SMVLX has a 1.26% expense ratio, which is higher than SHXPX's 1.21% expense ratio.

Dividends

SMVLX vs. SHXPX - Dividend Comparison

SMVLX's dividend yield for the trailing twelve months is around 1.48%, while SHXPX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SHXPX American Beacon Shapiro Equity Opportunities Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SMVLX Smead Value Fund	1.48%	1.67%	1.08%	1.34%	1.78%	3.91%	1.40%	3.83%	7.47%	0.22%	3.14%	3.10%

Frequently Asked Questions

Can I hold both SMVLX and SHXPX in my portfolio?

With a correlation of 1.00, SMVLX and SHXPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.