ARDEX vs. TMDIX
ARDEX (AMG River Road Dividend All Cap Value Fund) and TMDIX (AMG TimesSquare Mid Cap Growth Fund) are both mutual funds - ARDEX is a Large Cap Value Equities fund managed by AMG, while TMDIX is a Mid Cap Growth Equities fund managed by AMG. Over the past 10 years, ARDEX returned 4.19%/yr vs 12.89%/yr for TMDIX. Their correlation of 0.80 means they have usually moved in the same direction. ARDEX charges 0.97%/yr vs 0.98%/yr for TMDIX.
Performance
ARDEX vs. TMDIX - 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 TMDIX's 5.18% return. Over the past 10 years, ARDEX has underperformed TMDIX with an annualized return of 4.19%, while TMDIX has yielded a comparatively higher 12.89% 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%
TMDIX
- 1D
- 0.63%
- 1M
- -2.81%
- 6M
- 6.26%
- YTD
- 5.18%
- 1Y
- -5.51%
- 3Y*
- 6.82%
- 5Y*
- 3.05%
- 10Y*
- 12.89%
- ALL TIME*
- 10.95%
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. TMDIX - 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% |
TMDIX AMG TimesSquare Mid Cap Growth Fund | 5.18% | -1.76% | 10.84% | 25.07% | -22.26% | 16.75% | 33.42% | 63.26% | -4.28% | 22.66% |
Correlation
The correlation between ARDEX and TMDIX is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2005 | 0.80 |
Over the past year, the correlation between ARDEX and TMDIX has dropped to 0.47 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
ARDEX vs. TMDIX — Risk / Return Rank
ARDEX
TMDIX
ARDEX vs. TMDIX - 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 TimesSquare Mid Cap Growth Fund (TMDIX). 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 | TMDIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.96 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | -0.25 | -0.04 |
| Martin ratioReturn relative to average drawdown | -0.51 | -0.49 | -0.02 |
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Drawdowns
ARDEX vs. TMDIX - Drawdown Comparison
The maximum ARDEX drawdown since its inception was -52.16%, which is greater than TMDIX's maximum drawdown of -48.73%. Use the drawdown chart below to compare losses from any high point for ARDEX and TMDIX.
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Drawdown Indicators
| ARDEX | TMDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.16% | -48.73% | -3.43% |
Max Drawdown (1Y)Largest decline over 1 year | -20.51% | -25.45% | +4.94% |
Max Drawdown (3Y)Largest decline over 3 years | -52.16% | -25.45% | -26.71% |
Max Drawdown (5Y)Largest decline over 5 years | -52.16% | -30.53% | -21.63% |
Max Drawdown (10Y)Largest decline over 10 years | -52.16% | -35.44% | -16.72% |
Current DrawdownCurrent decline from peak | -45.66% | -11.93% | -33.73% |
Average DrawdownAverage peak-to-trough decline | -10.74% | -7.19% | -3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.48% | 12.97% | -1.49% |
Volatility
ARDEX vs. TMDIX - Volatility Comparison
The current volatility for AMG River Road Dividend All Cap Value Fund (ARDEX) is 3.01%, while AMG TimesSquare Mid Cap Growth Fund (TMDIX) has a volatility of 4.88%. This indicates that ARDEX experiences smaller price fluctuations and is considered to be less risky than TMDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARDEX | TMDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 4.88% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 6.78% | 13.97% | -7.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.40% | 20.65% | +1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.84% | 20.58% | +21.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.38% | 21.11% | +11.27% |
ARDEX vs. TMDIX - Expense Ratio Comparison
ARDEX has a 0.97% expense ratio, which is lower than TMDIX's 0.98% expense ratio.
Dividends
ARDEX vs. TMDIX - Dividend Comparison
ARDEX's dividend yield for the trailing twelve months is around 3.80%, while TMDIX has not paid dividends to shareholders.
| 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% |
TMDIX AMG TimesSquare Mid Cap Growth Fund | 0.00% | 0.00% | 8.08% | 3.98% | 3.69% | 29.72% | 18.28% | 31.06% | 16.38% | 14.44% | 5.90% | 7.73% |
Frequently Asked Questions
ARDEX and TMDIX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMDIX has higher volatility (4.88%) compared to ARDEX (3.01%). In terms of maximum drawdown, ARDEX dropped -52.16% vs TMDIX's -48.73%.
ARDEX currently has the higher Sharpe Ratio (-0.27 vs -0.31), 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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