ARSMX vs. CHTTX
ARSMX (AMG River Road Small-Mid Cap Value Fund) and CHTTX (AMG River Road Mid Cap Value Fund) are both mutual funds - ARSMX is a Small Cap Value Equities fund managed by AMG, while CHTTX is a Mid Cap Value Equities fund managed by AMG. Over the past 10 years, ARSMX returned 9.82%/yr vs 8.75%/yr for CHTTX. Their correlation of 0.90 suggests significant overlap in exposure. ARSMX charges 1.27%/yr vs 1.10%/yr for CHTTX.
Performance
ARSMX vs. CHTTX - Performance Comparison
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Returns By Period
In the year-to-date period, ARSMX achieves a 2.31% return, which is significantly higher than CHTTX's -0.10% return. Over the past 10 years, ARSMX has outperformed CHTTX with an annualized return of 9.82%, while CHTTX has yielded a comparatively lower 8.75% annualized return.
ARSMX
- 1D
- -0.41%
- 1M
- 1.99%
- YTD
- 2.31%
- 6M
- 0.93%
- 1Y
- 1.88%
- 3Y*
- 9.21%
- 5Y*
- 4.70%
- 10Y*
- 9.82%
CHTTX
- 1D
- -0.90%
- 1M
- 1.23%
- YTD
- -0.10%
- 6M
- -1.83%
- 1Y
- -4.16%
- 3Y*
- 8.83%
- 5Y*
- 6.94%
- 10Y*
- 8.75%
ARSMX vs. CHTTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARSMX AMG River Road Small-Mid Cap Value Fund | 2.31% | -0.83% | 12.42% | 14.48% | -8.62% | 23.41% | 1.71% | 34.82% | -6.44% | 15.26% |
CHTTX AMG River Road Mid Cap Value Fund | -0.10% | -1.64% | 13.52% | 22.65% | -8.48% | 27.04% | 3.83% | 23.39% | -18.57% | 11.51% |
Correlation
The correlation between ARSMX and CHTTX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2007 | 0.90 |
The correlation between ARSMX and CHTTX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
ARSMX vs. CHTTX — Risk / Return Rank
ARSMX
CHTTX
ARSMX vs. CHTTX - 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 Mid Cap Value Fund (CHTTX). 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 | CHTTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.99 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | -0.18 | +0.49 |
| Martin ratioReturn relative to average drawdown | 0.71 | -0.33 | +1.04 |
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Drawdowns
ARSMX vs. CHTTX - Drawdown Comparison
The maximum ARSMX drawdown since its inception was -51.75%, smaller than the maximum CHTTX drawdown of -58.30%. Use the drawdown chart below to compare losses from any high point for ARSMX and CHTTX.
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Drawdown Indicators
| ARSMX | CHTTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.75% | -58.30% | +6.55% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -17.80% | +7.43% |
Max Drawdown (3Y)Largest decline over 3 years | -19.34% | -17.80% | -1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -19.34% | -20.38% | +1.04% |
Max Drawdown (10Y)Largest decline over 10 years | -42.96% | -42.58% | -0.38% |
Current DrawdownCurrent decline from peak | -5.36% | -13.94% | +8.58% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -7.81% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.48% | 9.71% | -5.23% |
Volatility
ARSMX vs. CHTTX - Volatility Comparison
The current volatility for AMG River Road Small-Mid Cap Value Fund (ARSMX) is 3.05%, while AMG River Road Mid Cap Value Fund (CHTTX) has a volatility of 3.35%. This indicates that ARSMX experiences smaller price fluctuations and is considered to be less risky than CHTTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARSMX | CHTTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 3.35% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 16.53% | -6.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.45% | 19.04% | -4.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.76% | 18.56% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.58% | 20.48% | -0.90% |
ARSMX vs. CHTTX - Expense Ratio Comparison
ARSMX has a 1.27% expense ratio, which is higher than CHTTX's 1.10% expense ratio.
Dividends
ARSMX vs. CHTTX - Dividend Comparison
Neither ARSMX nor CHTTX 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% |
CHTTX AMG River Road Mid Cap Value Fund | 0.00% | 0.00% | 14.37% | 0.40% | 9.34% | 105.09% | 5.66% | 13.63% | 8.79% | 6.59% | 4.51% | 5.97% |
Frequently Asked Questions
With a correlation of 0.91, ARSMX and CHTTX 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.
CHTTX has higher volatility (3.35%) compared to ARSMX (3.05%). In terms of maximum drawdown, ARSMX dropped -51.75% vs CHTTX's -58.30%.
ARSMX currently has the higher Sharpe Ratio (0.22 vs -0.17), 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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