TOWFX vs. SHXPX

Last updated Jun 24, 2026

TOWFX (Towpath Focus Fund) and SHXPX (American Beacon Shapiro Equity Opportunities Fund) are both Large Cap Value Equities funds. At a correlation of -0.09, they often move in opposite directions. TOWFX charges 1.11%/yr vs 1.21%/yr for SHXPX.

Performance

TOWFX vs. SHXPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Towpath Focus Fund (TOWFX) and American Beacon Shapiro Equity Opportunities Fund (SHXPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TOWFX

• 1D: -0.25%
• 1M: -1.03%
• YTD: 6.31%
• 6M: 5.69%
• 1Y: 22.98%
• 3Y*: 18.30%
• 5Y*: 11.32%
• 10Y*: —

SHXPX

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TOWFX vs. SHXPX - Yearly Performance Comparison

	2026 (YTD)
TOWFX Towpath Focus Fund	-0.93%
SHXPX American Beacon Shapiro Equity Opportunities Fund	0.52%

Correlation

The correlation between TOWFX and SHXPX is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	-0.09

Return for Risk

TOWFX vs. SHXPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TOWFX

TOWFX Risk / Return Rank: 85
TOWFX Sharpe Ratio Rank: 83
TOWFX Sortino Ratio Rank: 84
TOWFX Omega Ratio Rank: 74
TOWFX Calmar Ratio Rank: 93
TOWFX Martin Ratio Rank: 93

SHXPX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TOWFX vs. SHXPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Towpath Focus Fund (TOWFX) and American Beacon Shapiro Equity Opportunities Fund (SHXPX). 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.

	TOWFX	SHXPX	Difference
Sharpe ratio: Return per unit of total volatility	2.50	—	—
Sortino ratio: Return per unit of downside risk	3.66	—	—
Omega ratio: Gain probability vs. loss probability	1.44	—	—
Calmar ratio: Return relative to maximum drawdown	4.87	—	—
Martin ratio: Return relative to average drawdown	18.22	—	—

Drawdowns

TOWFX vs. SHXPX - Drawdown Comparison

The maximum TOWFX drawdown since its inception was -96.18%, which is greater than SHXPX's maximum drawdown of -0.13%. Use the drawdown chart below to compare losses from any high point for TOWFX and SHXPX.

Drawdown Indicators

	TOWFX	SHXPX	Difference
Max Drawdown Largest peak-to-trough decline	-96.18%	-0.13%	-96.05%
Max Drawdown (1Y) Largest decline over 1 year	-4.72%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-96.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-96.18%	—	—
Current Drawdown Current decline from peak	-94.74%	0.00%	-94.74%
Average Drawdown Average peak-to-trough decline	-23.58%	-0.01%	-23.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.26%	—	—

Volatility

Volatility by Period

	TOWFX	SHXPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.19%	1.41%	+7.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1,041.97%	1.41%	+1,040.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	916.34%	1.41%	+914.93%

TOWFX vs. SHXPX - Expense Ratio Comparison

TOWFX has a 1.11% expense ratio, which is lower than SHXPX's 1.21% expense ratio.

Dividends

TOWFX vs. SHXPX - Dividend Comparison

TOWFX's dividend yield for the trailing twelve months is around 1.72%, while SHXPX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
SHXPX American Beacon Shapiro Equity Opportunities Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TOWFX Towpath Focus Fund	1.72%	1.82%	1.49%	2.81%	2.05%	5.69%	5.94%

Frequently Asked Questions

Can I hold both TOWFX and SHXPX in my portfolio?

TOWFX and SHXPX have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.