ARSMX vs. MBDFX
ARSMX (AMG River Road Small-Mid Cap Value Fund) and MBDFX (AMG GW&K Core Bond ESG Fund) are both mutual funds - ARSMX is a Small Cap Value Equities fund managed by AMG, while MBDFX is a Intermediate Core Bond fund managed by AMG. Over the past 10 years, ARSMX returned 9.82%/yr vs 1.21%/yr for MBDFX. At a correlation of -0.11, they often move in opposite directions. ARSMX charges 1.27%/yr vs 0.56%/yr for MBDFX.
Performance
ARSMX vs. MBDFX - 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 MBDFX's -0.16% return. Over the past 10 years, ARSMX has outperformed MBDFX with an annualized return of 9.82%, while MBDFX has yielded a comparatively lower 1.21% 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%
MBDFX
- 1D
- -0.33%
- 1M
- 0.56%
- YTD
- -0.16%
- 6M
- -0.16%
- 1Y
- 3.84%
- 3Y*
- 3.72%
- 5Y*
- -0.61%
- 10Y*
- 1.21%
ARSMX vs. MBDFX - 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% |
MBDFX AMG GW&K Core Bond ESG Fund | -0.16% | 7.29% | 1.24% | 5.73% | -13.85% | -3.34% | 7.33% | 9.70% | -1.11% | 3.88% |
Correlation
The correlation between ARSMX and MBDFX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2007 | -0.11 |
The correlation between ARSMX and MBDFX shifts across timeframes, from -0.11 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ARSMX vs. MBDFX — Risk / Return Rank
ARSMX
MBDFX
ARSMX vs. MBDFX - 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 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.
| ARSMX | MBDFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.19 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 1.26 | -0.95 |
| Martin ratioReturn relative to average drawdown | 0.71 | 3.42 | -2.71 |
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Drawdowns
ARSMX vs. MBDFX - Drawdown Comparison
The maximum ARSMX drawdown since its inception was -51.75%, which is greater than MBDFX's maximum drawdown of -20.66%. Use the drawdown chart below to compare losses from any high point for ARSMX and MBDFX.
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Drawdown Indicators
| ARSMX | MBDFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.75% | -20.66% | -31.09% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -3.25% | -7.12% |
Max Drawdown (3Y)Largest decline over 3 years | -19.34% | -6.99% | -12.35% |
Max Drawdown (5Y)Largest decline over 5 years | -19.34% | -20.54% | +1.20% |
Max Drawdown (10Y)Largest decline over 10 years | -42.96% | -20.66% | -22.30% |
Current DrawdownCurrent decline from peak | -5.36% | -4.62% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -3.96% | -4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.48% | 1.20% | +3.28% |
Volatility
ARSMX vs. MBDFX - Volatility Comparison
AMG River Road Small-Mid Cap Value Fund (ARSMX) has a higher volatility of 3.05% compared to AMG GW&K Core Bond ESG Fund (MBDFX) at 1.14%. This indicates that ARSMX'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
| ARSMX | MBDFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 1.14% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 2.87% | +7.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.45% | 3.85% | +10.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.76% | 6.16% | +11.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.58% | 5.06% | +14.52% |
ARSMX vs. MBDFX - Expense Ratio Comparison
ARSMX has a 1.27% expense ratio, which is higher than MBDFX's 0.56% expense ratio.
Dividends
ARSMX vs. MBDFX - Dividend Comparison
ARSMX has not paid dividends to shareholders, while MBDFX's dividend yield for the trailing twelve months is around 3.48%.
| 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% |
MBDFX AMG GW&K Core Bond ESG Fund | 3.48% | 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
ARSMX and MBDFX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARSMX has higher volatility (3.05%) compared to MBDFX (1.14%). In terms of maximum drawdown, ARSMX dropped -51.75% vs MBDFX's -20.66%.
MBDFX currently has the higher Sharpe Ratio (1.07 vs 0.22), 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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