ZGFIX vs. AAIEX
ZGFIX (American Beacon Ninety One Global Franchise Fund) and AAIEX (American Beacon International Equity Fund) are both mutual funds - ZGFIX is a Global Equities fund managed by American Beacon, while AAIEX is a Foreign Large Cap Equities fund managed by American Beacon. Over the past 5 years, ZGFIX returned 5.56%/yr vs 11.77%/yr for AAIEX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. ZGFIX charges 0.85%/yr vs 0.72%/yr for AAIEX.
Performance
ZGFIX vs. AAIEX - Performance Comparison
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Returns By Period
In the year-to-date period, ZGFIX achieves a 0.98% return, which is significantly lower than AAIEX's 12.56% return.
ZGFIX
- 1D
- -0.20%
- 1M
- 1.88%
- 6M
- 0.62%
- YTD
- 0.98%
- 1Y
- 9.58%
- 3Y*
- 10.40%
- 5Y*
- 5.56%
- 10Y*
- —
- ALL TIME*
- 9.58%
AAIEX
- 1D
- 2.30%
- 1M
- 3.13%
- 6M
- 6.79%
- YTD
- 12.56%
- 1Y
- 27.54%
- 3Y*
- 17.17%
- 5Y*
- 11.77%
- 10Y*
- 9.28%
- ALL TIME*
- 7.04%
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 |
ZGFIX vs. AAIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZGFIX American Beacon Ninety One Global Franchise Fund | 0.98% | 18.56% | 7.83% | 19.38% | -18.04% | 18.58% | 16.72% | 28.13% | -4.07% |
AAIEX American Beacon International Equity Fund | 12.56% | 37.12% | 2.16% | 22.54% | -10.87% | 9.74% | 1.06% | 19.44% | -15.28% |
Correlation
The correlation between ZGFIX and AAIEX is 0.62, 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. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2018 | 0.71 |
The correlation between ZGFIX and AAIEX has been stable across timeframes, ranging from 0.62 to 0.72 - a consistent structural relationship.
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Return for Risk
ZGFIX vs. AAIEX — Risk / Return Rank
ZGFIX
AAIEX
ZGFIX vs. AAIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon Ninety One Global Franchise Fund (ZGFIX) and American Beacon International Equity Fund (AAIEX). 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.
| ZGFIX | AAIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.30 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 1.82 | -1.29 |
| Martin ratioReturn relative to average drawdown | 1.36 | 5.95 | -4.59 |
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Drawdowns
ZGFIX vs. AAIEX - Drawdown Comparison
The maximum ZGFIX drawdown since its inception was -28.51%, smaller than the maximum AAIEX drawdown of -59.31%. Use the drawdown chart below to compare losses from any high point for ZGFIX and AAIEX.
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Drawdown Indicators
| ZGFIX | AAIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.51% | -59.31% | +30.80% |
Max Drawdown (1Y)Largest decline over 1 year | -13.14% | -13.67% | +0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -13.14% | -21.20% | +8.06% |
Max Drawdown (5Y)Largest decline over 5 years | -27.19% | -29.21% | +2.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.34% | — |
Current DrawdownCurrent decline from peak | -1.42% | 0.00% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -5.21% | -11.21% | +6.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.06% | 4.17% | +0.89% |
Volatility
ZGFIX vs. AAIEX - Volatility Comparison
American Beacon Ninety One Global Franchise Fund (ZGFIX) and American Beacon International Equity Fund (AAIEX) have volatilities of 4.37% and 4.48%, 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
| ZGFIX | AAIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 4.48% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | 13.00% | -2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.34% | 15.39% | -3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.35% | 21.45% | -6.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 19.96% | -3.42% |
ZGFIX vs. AAIEX - Expense Ratio Comparison
ZGFIX has a 0.85% expense ratio, which is higher than AAIEX's 0.72% expense ratio.
Dividends
ZGFIX vs. AAIEX - Dividend Comparison
ZGFIX's dividend yield for the trailing twelve months is around 7.92%, less than AAIEX's 11.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAIEX American Beacon International Equity Fund | 11.24% | 12.65% | 24.49% | 5.36% | 2.76% | 10.99% | 1.63% | 2.93% | 9.71% | 3.15% | 2.51% | 2.45% |
ZGFIX American Beacon Ninety One Global Franchise Fund | 7.92% | 8.00% | 0.23% | 0.33% | 0.37% | 0.13% | 0.38% | 0.89% | 0.81% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZGFIX and AAIEX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAIEX has higher volatility (4.48%) compared to ZGFIX (4.37%). In terms of maximum drawdown, ZGFIX dropped -28.51% vs AAIEX's -59.31%.
AAIEX currently has the higher Sharpe Ratio (1.61 vs 0.56), 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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