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 4.19%/yr vs 0.97%/yr for MBDFX. Their -0.09 correlation means they have often moved in opposite directions in the past. 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 13.13% return, which is significantly higher than MBDFX's -1.50% return. Over the past 10 years, ARDEX has outperformed MBDFX with an annualized return of 4.19%, while MBDFX has yielded a comparatively lower 0.97% annualized return.
ARDEX
- 1D
- -0.18%
- 1M
- -0.18%
- 6M
- 7.77%
- YTD
- 13.13%
- 1Y
- -5.09%
- 3Y*
- 4.70%
- 5Y*
- 0.03%
- 10Y*
- 4.19%
- ALL TIME*
- 6.16%
MBDFX
- 1D
- -0.34%
- 1M
- -1.34%
- 6M
- -1.59%
- YTD
- -1.50%
- 1Y
- 0.93%
- 3Y*
- 3.59%
- 5Y*
- -1.10%
- 10Y*
- 0.97%
- ALL TIME*
- 2.19%
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 |
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 | 13.13% | -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 | -1.50% | 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 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 0.32 (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 | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.08 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 0.53 | -0.82 |
| Martin ratioReturn relative to average drawdown | -0.51 | 1.20 | -1.71 |
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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% | -3.26% | -17.25% |
Max Drawdown (3Y)Largest decline over 3 years | -52.16% | -5.74% | -46.42% |
Max Drawdown (5Y)Largest decline over 5 years | -52.16% | -20.41% | -31.75% |
Max Drawdown (10Y)Largest decline over 10 years | -52.16% | -20.66% | -31.50% |
Current DrawdownCurrent decline from peak | -45.66% | -5.89% | -39.77% |
Average DrawdownAverage peak-to-trough decline | -10.74% | -3.97% | -6.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.48% | 1.44% | +10.04% |
Volatility
ARDEX vs. MBDFX - Volatility Comparison
AMG River Road Dividend All Cap Value Fund (ARDEX) has a higher volatility of 3.01% compared to AMG GW&K Core Bond ESG Fund (MBDFX) at 1.13%. 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 | 3.01% | 1.13% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 6.78% | 3.03% | +3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.40% | 3.86% | +18.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.84% | 6.17% | +35.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.38% | 5.06% | +27.32% |
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 3.80%, more than MBDFX's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARDEX AMG River Road Dividend All Cap Value Fund | 3.80% | 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 | 3.25% | 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 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARDEX has higher volatility (3.01%) compared to MBDFX (1.13%). In terms of maximum drawdown, ARDEX dropped -52.16% vs MBDFX's -20.66%.
MBDFX currently has the higher Sharpe Ratio (0.45 vs -0.27), 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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