STMGX vs. ADNPX

Last updated Aug 4, 2026

STMGX (American Beacon Stephens Mid-Cap Growth Fund) and ADNPX (American Beacon ARK Transformational Innovation Fund) are both Mid Cap Growth Equities funds from American Beacon. Over the past 5 years, STMGX returned 5.16%/yr vs -9.13%/yr for ADNPX. Their correlation of 0.80 means they have usually moved in the same direction. STMGX charges 1.14%/yr vs 1.39%/yr for ADNPX.

Performance

STMGX vs. ADNPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Beacon Stephens Mid-Cap Growth Fund (STMGX) and American Beacon ARK Transformational Innovation Fund (ADNPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STMGX achieves a 10.09% return, which is significantly higher than ADNPX's -6.40% return.

STMGX

• 1D: 0.68%
• 1M: -2.32%
• 6M: 9.02%
• YTD: 10.09%
• 1Y: 13.30%
• 3Y*: 14.17%
• 5Y*: 5.16%
• 10Y*: 13.33%
• ALL TIME*: 9.79%

ADNPX

• 1D: -2.43%
• 1M: -13.02%
• 6M: -3.21%
• YTD: -6.40%
• 1Y: 1.31%
• 3Y*: 13.33%
• 5Y*: -9.13%
• 10Y*: —
• ALL TIME*: 12.72%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ADNPX American Beacon ARK Transformational Innovation Fund	$0.00	$0.00	$0.00
STMGX American Beacon Stephens Mid-Cap Growth Fund	$0.00	$0.00	$0.00

STMGX vs. ADNPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STMGX American Beacon Stephens Mid-Cap Growth Fund	10.09%	12.98%	13.16%	25.22%	-28.31%	12.29%	39.82%	31.31%	1.71%	21.94%
ADNPX American Beacon ARK Transformational Innovation Fund	-6.40%	35.66%	8.19%	67.46%	-66.37%	-22.90%	147.19%	31.93%	-3.50%	65.99%

Correlation

The correlation between STMGX and ADNPX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.80

The correlation between STMGX and ADNPX has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.

Return for Risk

STMGX vs. ADNPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

STMGX

STMGX Risk / Return Rank: 19
STMGX Sharpe Ratio Rank: 17
STMGX Sortino Ratio Rank: 17
STMGX Omega Ratio Rank: 16
STMGX Calmar Ratio Rank: 21
STMGX Martin Ratio Rank: 24

ADNPX

ADNPX Risk / Return Rank: 3
ADNPX Sharpe Ratio Rank: 3
ADNPX Sortino Ratio Rank: 4
ADNPX Omega Ratio Rank: 4
ADNPX Calmar Ratio Rank: 3
ADNPX Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

STMGX vs. ADNPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon Stephens Mid-Cap Growth Fund (STMGX) and American Beacon ARK Transformational Innovation Fund (ADNPX). 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.

	STMGX	ADNPX	Difference
Sharpe ratio: Return per unit of total volatility	0.68	-0.11	+0.79
Sortino ratio: Return per unit of downside risk	1.07	0.09	+0.97
Omega ratio: Gain probability vs. loss probability	1.12	1.01	+0.11
Calmar ratio: Return relative to maximum drawdown	1.08	-0.13	+1.22
Martin ratio: Return relative to average drawdown	3.63	-0.29	+3.92

STMGX vs. ADNPX - Sharpe Ratio Comparison

The current STMGX Sharpe Ratio is 0.68, which is higher than the ADNPX Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of STMGX and ADNPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

STMGX vs. ADNPX - Drawdown Comparison

The maximum STMGX drawdown since its inception was -57.58%, smaller than the maximum ADNPX drawdown of -79.98%. Use the drawdown chart below to compare losses from any high point for STMGX and ADNPX.

Drawdown Indicators

	STMGX	ADNPX	Difference
Max Drawdown Largest peak-to-trough decline	-57.58%	-79.98%	+22.40%
Max Drawdown (1Y) Largest decline over 1 year	-10.84%	-30.04%	+19.20%
Max Drawdown (3Y) Largest decline over 3 years	-22.50%	-38.99%	+16.49%
Max Drawdown (5Y) Largest decline over 5 years	-36.59%	-75.82%	+39.23%
Max Drawdown (10Y) Largest decline over 10 years	-36.59%	—	—
Current Drawdown Current decline from peak	-3.20%	-51.51%	+48.31%
Average Drawdown Average peak-to-trough decline	-10.09%	-34.91%	+24.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	14.10%	-10.87%

Volatility

STMGX vs. ADNPX - Volatility Comparison

The current volatility for American Beacon Stephens Mid-Cap Growth Fund (STMGX) is 3.84%, while American Beacon ARK Transformational Innovation Fund (ADNPX) has a volatility of 10.38%. This indicates that STMGX experiences smaller price fluctuations and is considered to be less risky than ADNPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STMGX	ADNPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.84%	10.38%	-6.54%
Volatility (6M) Calculated over the trailing 6-month period	13.50%	28.07%	-14.57%
Volatility (1Y) Calculated over the trailing 1-year period	17.24%	36.07%	-18.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.97%	45.38%	-24.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.88%	39.64%	-18.76%

STMGX vs. ADNPX - Expense Ratio Comparison

STMGX has a 1.14% expense ratio, which is lower than ADNPX's 1.39% expense ratio.

Dividends

STMGX vs. ADNPX - Dividend Comparison

STMGX's dividend yield for the trailing twelve months is around 31.23%, while ADNPX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADNPX American Beacon ARK Transformational Innovation Fund	0.00%	0.00%	0.00%	0.00%	9.67%	31.49%	0.39%	3.31%	6.56%	3.64%	0.00%	0.00%
STMGX American Beacon Stephens Mid-Cap Growth Fund	31.23%	34.38%	4.86%	0.00%	3.42%	7.49%	1.45%	3.60%	9.39%	5.40%	6.65%	5.62%

Frequently Asked Questions

Can I hold both STMGX and ADNPX in my portfolio?

STMGX and ADNPX 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.

Which is riskier, STMGX or ADNPX?

ADNPX has higher volatility (10.38%) compared to STMGX (3.84%). In terms of maximum drawdown, STMGX dropped -57.58% vs ADNPX's -79.98%.

Which has better risk-adjusted returns?

STMGX currently has the higher Sharpe Ratio (0.68 vs -0.11), 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.