TFGPX vs. ODIDX
TFGPX (American Beacon TwentyFour Strategic Income Fund) and ODIDX (Oaktree Diversified Income Fund Inc. Class D) are both Multisector Bonds funds. Over the past 3 years, TFGPX returned 7.84%/yr vs 9.12%/yr for ODIDX. Their 0.57 correlation means they have sometimes moved together and sometimes differently. TFGPX charges 1.09%/yr vs 2.10%/yr for ODIDX.
Performance
TFGPX vs. ODIDX - Performance Comparison
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Returns By Period
In the year-to-date period, TFGPX achieves a 1.17% return, which is significantly lower than ODIDX's 2.47% return.
TFGPX
- 1D
- 0.00%
- 1M
- -0.58%
- 6M
- 0.37%
- YTD
- 1.17%
- 1Y
- 3.82%
- 3Y*
- 7.84%
- 5Y*
- 2.49%
- 10Y*
- —
- ALL TIME*
- 4.00%
ODIDX
- 1D
- -0.11%
- 1M
- 0.23%
- 6M
- 2.02%
- YTD
- 2.47%
- 1Y
- 5.35%
- 3Y*
- 9.12%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TFGPX vs. ODIDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TFGPX American Beacon TwentyFour Strategic Income Fund | 1.17% | 6.98% | 8.63% | 11.49% | -13.36% | 0.11% |
ODIDX Oaktree Diversified Income Fund Inc. Class D | 2.47% | 7.94% | 11.99% | 11.91% | -13.02% | -0.37% |
Correlation
The correlation between TFGPX and ODIDX is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2021 | 0.57 |
The correlation between TFGPX and ODIDX shifts across timeframes, from 0.43 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TFGPX vs. ODIDX — Risk / Return Rank
TFGPX
ODIDX
TFGPX vs. ODIDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon TwentyFour Strategic Income Fund (TFGPX) and Oaktree Diversified Income Fund Inc. Class D (ODIDX). 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.
| TFGPX | ODIDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -3.43 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.98 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 4.98 | -3.43 |
| Martin ratioReturn relative to average drawdown | 5.38 | 20.96 | -15.58 |
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Drawdowns
TFGPX vs. ODIDX - Drawdown Comparison
The maximum TFGPX drawdown since its inception was -20.18%, which is greater than ODIDX's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for TFGPX and ODIDX.
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Drawdown Indicators
| TFGPX | ODIDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.18% | -13.71% | -6.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.64% | -1.10% | -1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -3.03% | -2.29% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -20.18% | — | — |
Current DrawdownCurrent decline from peak | -0.69% | -0.11% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -3.67% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.26% | +0.50% |
Volatility
TFGPX vs. ODIDX - Volatility Comparison
American Beacon TwentyFour Strategic Income Fund (TFGPX) has a higher volatility of 0.63% compared to Oaktree Diversified Income Fund Inc. Class D (ODIDX) at 0.30%. This indicates that TFGPX's price experiences larger fluctuations and is considered to be riskier than ODIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TFGPX | ODIDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 0.30% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 2.00% | 1.19% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.34% | 1.47% | +0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.90% | 3.18% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.83% | 3.18% | +0.65% |
TFGPX vs. ODIDX - Expense Ratio Comparison
TFGPX has a 1.09% expense ratio, which is lower than ODIDX's 2.10% expense ratio.
Dividends
TFGPX vs. ODIDX - Dividend Comparison
TFGPX's dividend yield for the trailing twelve months is around 4.48%, less than ODIDX's 9.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ODIDX Oaktree Diversified Income Fund Inc. Class D | 9.09% | 9.32% | 8.45% | 7.83% | 0.84% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% |
TFGPX American Beacon TwentyFour Strategic Income Fund | 4.13% | 4.50% | 4.64% | 5.30% | 18.16% | 3.36% | 3.19% | 3.69% | 5.99% | 2.26% |
Frequently Asked Questions
TFGPX and ODIDX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TFGPX has higher volatility (0.63%) compared to ODIDX (0.30%). In terms of maximum drawdown, TFGPX dropped -20.18% vs ODIDX's -13.71%.
ODIDX currently has the higher Sharpe Ratio (3.73 vs 1.74), 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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