ARDEX vs. MBDFX
ARDEX (AMG River Road Dividend All Cap Value Fund) and MBDFX (AMG GW&K Core Bond ESG Fund) are both mutual funds - ARDEX is a Large Cap Value Equities fund managed by AMG, while MBDFX is a Intermediate Core Bond fund managed by AMG. Over the past 10 years, ARDEX returned 4.16%/yr vs 1.09%/yr for MBDFX. At a correlation of -0.09, they often move in opposite directions. ARDEX charges 0.97%/yr vs 0.56%/yr for MBDFX.
Performance
ARDEX vs. MBDFX - Performance Comparison
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Returns By Period
In the year-to-date period, ARDEX achieves a 13.34% return, which is significantly higher than MBDFX's -0.73% return. Over the past 10 years, ARDEX has outperformed MBDFX with an annualized return of 4.16%, while MBDFX has yielded a comparatively lower 1.09% annualized return.
ARDEX
- 1D
- 0.00%
- 1M
- 1.70%
- 6M
- 11.78%
- YTD
- 13.34%
- 1Y
- -6.91%
- 3Y*
- 5.36%
- 5Y*
- 0.08%
- 10Y*
- 4.16%
MBDFX
- 1D
- -0.45%
- 1M
- -0.68%
- 6M
- -1.06%
- YTD
- -0.73%
- 1Y
- 3.17%
- 3Y*
- 3.56%
- 5Y*
- -0.86%
- 10Y*
- 1.09%
ARDEX vs. MBDFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARDEX AMG River Road Dividend All Cap Value Fund | 13.34% | -14.13% | 16.20% | 2.04% | -3.64% | 4.16% | -2.18% | 23.20% | -7.61% | 8.78% |
MBDFX AMG GW&K Core Bond ESG Fund | -0.73% | 7.29% | 1.24% | 5.73% | -13.85% | -3.34% | 7.33% | 9.70% | -1.11% | 3.88% |
Correlation
The correlation between ARDEX and MBDFX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2005 | -0.09 |
The correlation between ARDEX and MBDFX shifts across timeframes, from -0.09 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ARDEX vs. MBDFX — Risk / Return Rank
ARDEX
MBDFX
ARDEX vs. MBDFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG River Road Dividend All Cap Value Fund (ARDEX) and AMG GW&K Core Bond ESG Fund (MBDFX). 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.
| ARDEX | MBDFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.14 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 0.98 | -1.30 |
| Martin ratioReturn relative to average drawdown | -0.58 | 2.53 | -3.11 |
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Drawdowns
ARDEX vs. MBDFX - Drawdown Comparison
The maximum ARDEX drawdown since its inception was -52.16%, which is greater than MBDFX's maximum drawdown of -20.66%. Use the drawdown chart below to compare losses from any high point for ARDEX and MBDFX.
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Drawdown Indicators
| ARDEX | MBDFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.16% | -20.66% | -31.50% |
Max Drawdown (1Y)Largest decline over 1 year | -20.51% | -3.25% | -17.26% |
Max Drawdown (3Y)Largest decline over 3 years | -52.16% | -6.99% | -45.17% |
Max Drawdown (5Y)Largest decline over 5 years | -52.16% | -20.54% | -31.62% |
Max Drawdown (10Y)Largest decline over 10 years | -52.16% | -20.66% | -31.50% |
Current DrawdownCurrent decline from peak | -45.57% | -5.16% | -40.41% |
Average DrawdownAverage peak-to-trough decline | -10.65% | -3.96% | -6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.26% | 1.26% | +10.00% |
Volatility
ARDEX vs. MBDFX - Volatility Comparison
AMG River Road Dividend All Cap Value Fund (ARDEX) has a higher volatility of 2.76% compared to AMG GW&K Core Bond ESG Fund (MBDFX) at 1.27%. This indicates that ARDEX's price experiences larger fluctuations and is considered to be riskier than MBDFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARDEX | MBDFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 1.27% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 6.65% | 2.96% | +3.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.42% | 3.85% | +18.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.86% | 6.17% | +35.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.39% | 5.06% | +27.33% |
ARDEX vs. MBDFX - Expense Ratio Comparison
ARDEX has a 0.97% expense ratio, which is higher than MBDFX's 0.56% expense ratio.
Dividends
ARDEX vs. MBDFX - Dividend Comparison
ARDEX's dividend yield for the trailing twelve months is around 3.79%, more than MBDFX's 3.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARDEX AMG River Road Dividend All Cap Value Fund | 3.79% | 5.85% | 79.78% | 4.42% | 14.36% | 5.37% | 2.12% | 8.71% | 9.10% | 6.83% | 9.31% | 11.69% |
MBDFX AMG GW&K Core Bond ESG Fund | 3.52% | 3.66% | 3.50% | 2.92% | 2.16% | 2.35% | 1.84% | 2.40% | 2.30% | 2.10% | 2.06% | 4.17% |
Frequently Asked Questions
ARDEX and MBDFX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARDEX has higher volatility (2.76%) compared to MBDFX (1.27%). In terms of maximum drawdown, ARDEX dropped -52.16% vs MBDFX's -20.66%.
MBDFX currently has the higher Sharpe Ratio (0.83 vs -0.29), 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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