SPFLX vs. CHIAX
Compare and contrast key facts about American Beacon Sound Point Floating Rate Income Fund (SPFLX) and Credit Suisse Floating Rate High Income Fund (CHIAX).
SPFLX is managed by American Beacon. It was launched on Dec 2, 2012. CHIAX is managed by Credit Suisse. It was launched on Mar 7, 1999.
Performance
SPFLX vs. CHIAX - Performance Comparison
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SPFLX vs. CHIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPFLX American Beacon Sound Point Floating Rate Income Fund | -0.05% | -0.39% | 6.21% | 7.83% | -6.93% | 6.12% | 0.45% | 4.34% | 1.21% | 4.99% |
CHIAX Credit Suisse Floating Rate High Income Fund | -0.82% | 4.25% | 6.85% | 11.03% | -3.14% | 5.03% | 2.32% | 6.67% | -0.22% | 4.33% |
Returns By Period
In the year-to-date period, SPFLX achieves a -0.05% return, which is significantly higher than CHIAX's -0.82% return. Over the past 10 years, SPFLX has underperformed CHIAX with an annualized return of 2.99%, while CHIAX has yielded a comparatively higher 4.37% annualized return.
SPFLX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -0.05%
- 6M
- 0.96%
- 1Y
- 4.41%
- 3Y*
- 4.10%
- 5Y*
- 2.02%
- 10Y*
- 2.99%
CHIAX
- 1D
- 0.17%
- 1M
- 0.50%
- YTD
- -0.82%
- 6M
- -0.04%
- 1Y
- 3.29%
- 3Y*
- 5.93%
- 5Y*
- 4.09%
- 10Y*
- 4.37%
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SPFLX vs. CHIAX - Expense Ratio Comparison
SPFLX has a 0.82% expense ratio, which is lower than CHIAX's 0.95% expense ratio.
Return for Risk
SPFLX vs. CHIAX — Risk / Return Rank
SPFLX
CHIAX
SPFLX vs. CHIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon Sound Point Floating Rate Income Fund (SPFLX) and Credit Suisse Floating Rate High Income Fund (CHIAX). 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.
| SPFLX | CHIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 1.16 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.76 | 1.99 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.33 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.63 | -0.59 |
Martin ratioReturn relative to average drawdown | 4.47 | 5.03 | -0.55 |
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
| SPFLX | CHIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.16 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 1.52 | -0.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 1.23 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 1.17 | -0.26 |
Correlation
The correlation between SPFLX and CHIAX is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SPFLX vs. CHIAX - Dividend Comparison
SPFLX's dividend yield for the trailing twelve months is around 6.06%, less than CHIAX's 6.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPFLX American Beacon Sound Point Floating Rate Income Fund | 6.06% | 7.83% | 10.28% | 7.63% | 4.72% | 4.76% | 5.56% | 6.75% | 6.07% | 4.78% | 4.96% | 4.81% |
CHIAX Credit Suisse Floating Rate High Income Fund | 6.64% | 7.44% | 7.25% | 7.19% | 3.90% | 3.38% | 4.19% | 4.94% | 4.38% | 3.79% | 4.47% | 4.26% |
Drawdowns
SPFLX vs. CHIAX - Drawdown Comparison
The maximum SPFLX drawdown since its inception was -19.23%, smaller than the maximum CHIAX drawdown of -37.29%. Use the drawdown chart below to compare losses from any high point for SPFLX and CHIAX.
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Drawdown Indicators
| SPFLX | CHIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.23% | -37.29% | +18.06% |
Max Drawdown (1Y)Largest decline over 1 year | -1.24% | -1.53% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -9.52% | -5.99% | -3.53% |
Max Drawdown (10Y)Largest decline over 10 years | -19.23% | -19.94% | +0.71% |
Current DrawdownCurrent decline from peak | -0.73% | -0.99% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -1.73% | -2.04% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 0.62% | +0.12% |
Volatility
SPFLX vs. CHIAX - Volatility Comparison
The current volatility for American Beacon Sound Point Floating Rate Income Fund (SPFLX) is 0.00%, while Credit Suisse Floating Rate High Income Fund (CHIAX) has a volatility of 0.73%. This indicates that SPFLX experiences smaller price fluctuations and is considered to be less risky than CHIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPFLX | CHIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 0.73% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 0.94% | 1.65% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.27% | 2.71% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.41% | 2.70% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.63% | 3.56% | +0.07% |