ARSMX vs. ARSVX
ARSMX (AMG River Road Small-Mid Cap Value Fund) and ARSVX (AMG River Road Small Cap Value Fund) are both Small Cap Value Equities funds from AMG. Over the past 10 years, ARSMX returned 10.29%/yr vs 9.74%/yr for ARSVX. Their 0.98 correlation means they have historically moved very closely together. ARSMX charges 1.27%/yr vs 1.35%/yr for ARSVX.
Performance
ARSMX vs. ARSVX - Performance Comparison
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Returns By Period
In the year-to-date period, ARSMX achieves a 10.07% return, which is significantly higher than ARSVX's 8.93% return. Over the past 10 years, ARSMX has outperformed ARSVX with an annualized return of 10.29%, while ARSVX has yielded a comparatively lower 9.74% annualized return.
ARSMX
- 1D
- -0.38%
- 1M
- 2.14%
- 6M
- 7.48%
- YTD
- 10.07%
- 1Y
- 9.16%
- 3Y*
- 9.11%
- 5Y*
- 6.42%
- 10Y*
- 10.29%
- ALL TIME*
- 7.68%
ARSVX
- 1D
- -0.45%
- 1M
- 1.43%
- 6M
- 7.06%
- YTD
- 8.93%
- 1Y
- 2.16%
- 3Y*
- 6.51%
- 5Y*
- 5.44%
- 10Y*
- 9.74%
- ALL TIME*
- 8.20%
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 |
ARSMX vs. ARSVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARSMX AMG River Road Small-Mid Cap Value Fund | 10.07% | -0.83% | 12.42% | 14.48% | -8.62% | 23.41% | 1.71% | 34.82% | -6.44% | 15.26% |
ARSVX AMG River Road Small Cap Value Fund | 8.93% | -7.36% | 14.05% | 14.86% | -6.49% | 21.14% | 1.84% | 38.29% | -6.96% | 11.73% |
Correlation
The correlation between ARSMX and ARSVX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2007 | 0.98 |
The correlation between ARSMX and ARSVX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
ARSMX vs. ARSVX — Risk / Return Rank
ARSMX
ARSVX
ARSMX vs. ARSVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG River Road Small-Mid Cap Value Fund (ARSMX) and AMG River Road Small Cap Value Fund (ARSVX). 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.
| ARSMX | ARSVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.02 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.00 | +0.70 |
| Martin ratioReturn relative to average drawdown | 1.64 | 0.01 | +1.64 |
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Drawdowns
ARSMX vs. ARSVX - Drawdown Comparison
The maximum ARSMX drawdown since its inception was -51.75%, smaller than the maximum ARSVX drawdown of -54.85%. Use the drawdown chart below to compare losses from any high point for ARSMX and ARSVX.
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Drawdown Indicators
| ARSMX | ARSVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.75% | -54.85% | +3.10% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -16.62% | +6.25% |
Max Drawdown (3Y)Largest decline over 3 years | -19.34% | -19.21% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -19.34% | -19.21% | -0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -42.96% | -40.52% | -2.44% |
Current DrawdownCurrent decline from peak | -1.96% | -5.19% | +3.23% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -8.67% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 8.52% | -4.06% |
Volatility
ARSMX vs. ARSVX - Volatility Comparison
AMG River Road Small-Mid Cap Value Fund (ARSMX) and AMG River Road Small Cap Value Fund (ARSVX) have volatilities of 4.08% and 3.95%, 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
| ARSMX | ARSVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 3.95% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.15% | 9.20% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 17.02% | -2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.70% | 17.80% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.51% | 19.31% | +0.20% |
ARSMX vs. ARSVX - Expense Ratio Comparison
ARSMX has a 1.27% expense ratio, which is lower than ARSVX's 1.35% expense ratio.
Dividends
ARSMX vs. ARSVX - Dividend Comparison
Neither ARSMX nor ARSVX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARSMX AMG River Road Small-Mid Cap Value Fund | 0.00% | 0.00% | 9.27% | 3.89% | 4.85% | 5.86% | 0.00% | 3.60% | 8.60% | 15.66% | 8.03% | 17.82% |
ARSVX AMG River Road Small Cap Value Fund | 0.00% | 0.00% | 8.50% | 4.78% | 3.87% | 7.75% | 0.00% | 12.10% | 13.01% | 14.96% | 4.96% | 6.51% |
Frequently Asked Questions
With a correlation of 0.97, ARSMX and ARSVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
ARSMX has higher volatility (4.08%) compared to ARSVX (3.95%). In terms of maximum drawdown, ARSMX dropped -51.75% vs ARSVX's -54.85%.
ARSMX currently has the higher Sharpe Ratio (0.51 vs 0.00), 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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