THYAX vs. SHOYX
THYAX (Touchstone High Yield Fund) and SHOYX (American Beacon SiM High Yield Opportunities Fund Class Y) are both High Yield Bonds funds. Over the past 10 years, THYAX returned 4.36%/yr vs 6.08%/yr for SHOYX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. THYAX charges 1.21%/yr vs 0.75%/yr for SHOYX.
Performance
THYAX vs. SHOYX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with THYAX having a 1.84% return and SHOYX slightly higher at 1.93%. Over the past 10 years, THYAX has underperformed SHOYX with an annualized return of 4.36%, while SHOYX has yielded a comparatively higher 6.08% annualized return.
THYAX
- 1D
- 0.01%
- 1M
- -0.26%
- 6M
- 1.31%
- YTD
- 1.84%
- 1Y
- 5.25%
- 3Y*
- 7.08%
- 5Y*
- 3.27%
- 10Y*
- 4.36%
- ALL TIME*
- 5.70%
SHOYX
- 1D
- 0.11%
- 1M
- -0.63%
- 6M
- 1.10%
- YTD
- 1.93%
- 1Y
- 7.36%
- 3Y*
- 8.47%
- 5Y*
- 4.65%
- 10Y*
- 6.08%
- ALL TIME*
- 6.63%
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 |
THYAX vs. SHOYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THYAX Touchstone High Yield Fund | 1.84% | 7.02% | 6.25% | 12.69% | -11.00% | 4.65% | 3.98% | 14.24% | -3.19% | 6.70% |
SHOYX American Beacon SiM High Yield Opportunities Fund Class Y | 1.93% | 9.52% | 8.69% | 11.30% | -8.20% | 8.82% | 6.49% | 12.34% | -1.20% | 7.32% |
Correlation
The correlation between THYAX and SHOYX is 0.70, 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. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.73 |
The correlation between THYAX and SHOYX has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.
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Return for Risk
THYAX vs. SHOYX — Risk / Return Rank
THYAX
SHOYX
THYAX vs. SHOYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone High Yield Fund (THYAX) and American Beacon SiM High Yield Opportunities Fund Class Y (SHOYX). 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.
| THYAX | SHOYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.68 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 4.02 | -1.49 |
| Martin ratioReturn relative to average drawdown | 10.72 | 19.12 | -8.40 |
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Drawdowns
THYAX vs. SHOYX - Drawdown Comparison
The maximum THYAX drawdown since its inception was -31.49%, which is greater than SHOYX's maximum drawdown of -24.66%. Use the drawdown chart below to compare losses from any high point for THYAX and SHOYX.
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Drawdown Indicators
| THYAX | SHOYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.49% | -24.66% | -6.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.03% | -2.00% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -3.79% | -3.67% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -15.30% | -12.31% | -2.99% |
Max Drawdown (10Y)Largest decline over 10 years | -22.22% | -24.66% | +2.44% |
Current DrawdownCurrent decline from peak | -0.53% | -0.74% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -1.87% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.42% | +0.06% |
Volatility
THYAX vs. SHOYX - Volatility Comparison
Touchstone High Yield Fund (THYAX) has a higher volatility of 0.69% compared to American Beacon SiM High Yield Opportunities Fund Class Y (SHOYX) at 0.46%. This indicates that THYAX's price experiences larger fluctuations and is considered to be riskier than SHOYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| THYAX | SHOYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 0.46% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 2.11% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.70% | 2.85% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.97% | 4.32% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.38% | 5.07% | +0.31% |
THYAX vs. SHOYX - Expense Ratio Comparison
THYAX has a 1.21% expense ratio, which is higher than SHOYX's 0.75% expense ratio.
Dividends
THYAX vs. SHOYX - Dividend Comparison
THYAX's dividend yield for the trailing twelve months is around 6.42%, more than SHOYX's 5.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHOYX American Beacon SiM High Yield Opportunities Fund Class Y | 5.74% | 6.97% | 5.67% | 5.62% | 4.38% | 5.43% | 6.30% | 6.17% | 6.36% | 5.79% | 6.63% | 5.19% |
THYAX Touchstone High Yield Fund | 6.42% | 5.69% | 5.92% | 5.75% | 5.12% | 4.42% | 4.73% | 4.88% | 5.28% | 4.55% | 4.92% | 5.61% |
Frequently Asked Questions
THYAX and SHOYX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THYAX has higher volatility (0.69%) compared to SHOYX (0.46%). In terms of maximum drawdown, THYAX dropped -31.49% vs SHOYX's -24.66%.
SHOYX currently has the higher Sharpe Ratio (2.82 vs 1.90), 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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