THYUX vs. SHYPX
THYUX (Morgan Stanley Pathway Funds High Yield Fund) and SHYPX (American Beacon SiM High Yld Opps Fund) are both High Yield Bonds funds. Over the past 10 years, THYUX returned 4.49%/yr vs 6.28%/yr for SHYPX. A 0.65 correlation means they provide meaningful diversification when combined. THYUX charges 0.76%/yr vs 1.10%/yr for SHYPX.
Performance
THYUX vs. SHYPX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with THYUX having a 2.00% return and SHYPX slightly lower at 1.91%. Over the past 10 years, THYUX has underperformed SHYPX with an annualized return of 4.49%, while SHYPX has yielded a comparatively higher 6.28% annualized return.
THYUX
- 1D
- 0.00%
- 1M
- 0.84%
- YTD
- 2.00%
- 6M
- 2.26%
- 1Y
- 4.90%
- 3Y*
- 7.24%
- 5Y*
- 3.10%
- 10Y*
- 4.49%
SHYPX
- 1D
- 0.11%
- 1M
- 0.35%
- YTD
- 1.91%
- 6M
- 2.48%
- 1Y
- 9.05%
- 3Y*
- 9.58%
- 5Y*
- 5.20%
- 10Y*
- 6.28%
THYUX vs. SHYPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THYUX Morgan Stanley Pathway Funds High Yield Fund | 2.00% | 4.96% | 7.43% | 12.70% | -12.01% | 4.45% | 2.02% | 14.10% | -2.87% | 7.00% |
SHYPX American Beacon SiM High Yld Opps Fund | 1.91% | 9.15% | 9.62% | 13.26% | -8.39% | 8.34% | 6.08% | 12.05% | -1.46% | 7.14% |
Correlation
The correlation between THYUX and SHYPX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.65 |
The correlation between THYUX and SHYPX shifts across timeframes, from 0.48 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
THYUX vs. SHYPX — Risk / Return Rank
THYUX
SHYPX
THYUX vs. SHYPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Pathway Funds High Yield Fund (THYUX) and American Beacon SiM High Yld Opps Fund (SHYPX). 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.
| THYUX | SHYPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -3.79 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.78 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 4.78 | -2.18 |
| Martin ratioReturn relative to average drawdown | 8.81 | 23.68 | -14.87 |
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Drawdowns
THYUX vs. SHYPX - Drawdown Comparison
The maximum THYUX drawdown since its inception was -35.28%, which is greater than SHYPX's maximum drawdown of -24.85%. Use the drawdown chart below to compare losses from any high point for THYUX and SHYPX.
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Drawdown Indicators
| THYUX | SHYPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.28% | -24.85% | -10.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -1.90% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -4.72% | -3.82% | -0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -15.49% | -12.50% | -2.99% |
Max Drawdown (10Y)Largest decline over 10 years | -21.20% | -24.85% | +3.65% |
Current DrawdownCurrent decline from peak | 0.00% | -0.32% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -1.88% | -2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.38% | +0.22% |
Volatility
THYUX vs. SHYPX - Volatility Comparison
Morgan Stanley Pathway Funds High Yield Fund (THYUX) and American Beacon SiM High Yld Opps Fund (SHYPX) have volatilities of 0.87% and 0.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| THYUX | SHYPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 0.86% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.51% | 2.08% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 2.76% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.23% | 4.33% | +0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.48% | 5.11% | +0.37% |
THYUX vs. SHYPX - Expense Ratio Comparison
THYUX has a 0.76% expense ratio, which is lower than SHYPX's 1.10% expense ratio.
Dividends
THYUX vs. SHYPX - Dividend Comparison
THYUX's dividend yield for the trailing twelve months is around 4.80%, less than SHYPX's 5.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYPX American Beacon SiM High Yld Opps Fund | 5.94% | 6.63% | 6.50% | 7.39% | 4.10% | 5.09% | 6.05% | 5.91% | 6.09% | 5.52% | 6.38% | 4.95% |
THYUX Morgan Stanley Pathway Funds High Yield Fund | 4.80% | 4.24% | 7.54% | 6.35% | 6.62% | 4.93% | 4.22% | 5.20% | 6.43% | 6.04% | 6.21% | 7.43% |
Frequently Asked Questions
THYUX and SHYPX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THYUX has higher volatility (0.87%) compared to SHYPX (0.86%). In terms of maximum drawdown, THYUX dropped -35.28% vs SHYPX's -24.85%.
SHYPX currently has the higher Sharpe Ratio (3.30 vs 1.48), 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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