TSLTX vs. SHDPX

Last updated Jun 4, 2026

TSLTX (Transamerica Small Cap Value) and SHDPX (American Beacon Shapiro SMID Cap Equity Fund) are both Small Cap Value Equities funds. Their correlation of 0.87 suggests significant overlap in exposure. TSLTX charges 0.80%/yr vs 2.31%/yr for SHDPX.

Performance

TSLTX vs. SHDPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Transamerica Small Cap Value (TSLTX) and American Beacon Shapiro SMID Cap Equity Fund (SHDPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TSLTX

• 1D: 1.45%
• 1M: 3.45%
• YTD: 21.86%
• 6M: 21.98%
• 1Y: 43.32%
• 3Y*: 18.28%
• 5Y*: 8.23%
• 10Y*: —

SHDPX

• 1D: 0.12%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLTX vs. SHDPX - Yearly Performance Comparison

	2026 (YTD)
TSLTX Transamerica Small Cap Value	0.48%
SHDPX American Beacon Shapiro SMID Cap Equity Fund	0.12%

Correlation

The correlation between TSLTX and SHDPX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.87

Return for Risk

TSLTX vs. SHDPX — Risk / Return Rank

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

TSLTX

TSLTX Risk / Return Rank: 86
TSLTX Sharpe Ratio Rank: 86
TSLTX Sortino Ratio Rank: 82
TSLTX Omega Ratio Rank: 73
TSLTX Calmar Ratio Rank: 95
TSLTX Martin Ratio Rank: 92

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.

TSLTX vs. SHDPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Transamerica Small Cap Value (TSLTX) and American Beacon Shapiro SMID Cap Equity Fund (SHDPX). 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.

	TSLTX	SHDPX	Difference
Sharpe ratio: Return per unit of total volatility	2.78	—	—
Sortino ratio: Return per unit of downside risk	3.87	—	—
Omega ratio: Gain probability vs. loss probability	1.48	—	—
Calmar ratio: Return relative to maximum drawdown	5.91	—	—
Martin ratio: Return relative to average drawdown	19.60	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TSLTX	SHDPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.78	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	11.78	-11.58

Drawdowns

TSLTX vs. SHDPX - Drawdown Comparison

The maximum TSLTX drawdown since its inception was -55.58%, which is greater than SHDPX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for TSLTX and SHDPX.

Drawdown Indicators

	TSLTX	SHDPX	Difference
Max Drawdown Largest peak-to-trough decline	-55.58%	0.00%	-55.58%
Max Drawdown (1Y) Largest decline over 1 year	-7.73%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-55.58%	—	—
Current Drawdown Current decline from peak	-17.80%	0.00%	-17.80%
Average Drawdown Average peak-to-trough decline	-28.46%	0.00%	-28.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	—	—

Volatility

Volatility by Period

	TSLTX	SHDPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.47%	1.07%	+15.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.00%	1.07%	+48.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.61%	1.07%	+42.54%

TSLTX vs. SHDPX - Expense Ratio Comparison

TSLTX has a 0.80% expense ratio, which is lower than SHDPX's 2.31% expense ratio.

Dividends

TSLTX vs. SHDPX - Dividend Comparison

TSLTX's dividend yield for the trailing twelve months is around 4.41%, while SHDPX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SHDPX American Beacon Shapiro SMID Cap Equity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TSLTX Transamerica Small Cap Value	4.41%	5.38%	27.99%	2.99%	21.70%	77.67%	0.24%	4.26%	11.17%

Frequently Asked Questions

Can I hold both TSLTX and SHDPX in my portfolio?

TSLTX and SHDPX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.