ARSMX vs. MEQFX
ARSMX (AMG River Road Small-Mid Cap Value Fund) and MEQFX (AMG River Road Large Cap Value Select Fund) are both mutual funds - ARSMX is a Small Cap Value Equities fund managed by AMG, while MEQFX is a Large Cap Blend Equities fund managed by AMG. Over the past 10 years, ARSMX returned 9.82%/yr vs 10.84%/yr for MEQFX. Their correlation of 0.85 suggests significant overlap in exposure. ARSMX charges 1.27%/yr vs 0.64%/yr for MEQFX.
Performance
ARSMX vs. MEQFX - 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 MEQFX's -4.74% return. Over the past 10 years, ARSMX has underperformed MEQFX with an annualized return of 9.82%, while MEQFX has yielded a comparatively higher 10.84% 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%
MEQFX
- 1D
- -1.11%
- 1M
- -0.43%
- YTD
- -4.74%
- 6M
- -5.74%
- 1Y
- -9.31%
- 3Y*
- 9.89%
- 5Y*
- 9.07%
- 10Y*
- 10.84%
ARSMX vs. MEQFX - 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% |
MEQFX AMG River Road Large Cap Value Select Fund | -4.74% | -2.58% | 24.99% | 19.53% | -9.50% | 43.58% | -4.00% | 16.01% | 8.16% | 15.35% |
Correlation
The correlation between ARSMX and MEQFX is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2007 | 0.85 |
The correlation between ARSMX and MEQFX has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.
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Return for Risk
ARSMX vs. MEQFX — Risk / Return Rank
ARSMX
MEQFX
ARSMX vs. MEQFX - 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 Large Cap Value Select Fund (MEQFX). 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 | MEQFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.91 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | -0.50 | +0.81 |
| Martin ratioReturn relative to average drawdown | 0.71 | -0.93 | +1.64 |
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Drawdowns
ARSMX vs. MEQFX - Drawdown Comparison
The maximum ARSMX drawdown since its inception was -51.75%, smaller than the maximum MEQFX drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for ARSMX and MEQFX.
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Drawdown Indicators
| ARSMX | MEQFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.75% | -55.38% | +3.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -17.43% | +7.06% |
Max Drawdown (3Y)Largest decline over 3 years | -19.34% | -17.43% | -1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -19.34% | -19.48% | +0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -42.96% | -28.69% | -14.27% |
Current DrawdownCurrent decline from peak | -5.36% | -15.95% | +10.59% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -12.19% | +4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.48% | 9.44% | -4.96% |
Volatility
ARSMX vs. MEQFX - Volatility Comparison
The current volatility for AMG River Road Small-Mid Cap Value Fund (ARSMX) is 3.05%, while AMG River Road Large Cap Value Select Fund (MEQFX) has a volatility of 3.77%. This indicates that ARSMX experiences smaller price fluctuations and is considered to be less risky than MEQFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARSMX | MEQFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 3.77% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 14.99% | -4.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.45% | 17.05% | -2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.76% | 17.52% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.58% | 19.62% | -0.04% |
ARSMX vs. MEQFX - Expense Ratio Comparison
ARSMX has a 1.27% expense ratio, which is higher than MEQFX's 0.64% expense ratio.
Dividends
ARSMX vs. MEQFX - Dividend Comparison
Neither ARSMX nor MEQFX 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% |
MEQFX AMG River Road Large Cap Value Select Fund | 0.00% | 0.00% | 4.48% | 0.98% | 2.13% | 27.90% | 0.00% | 9.17% | 3.40% | 30.28% | 5.96% | 11.63% |
Frequently Asked Questions
ARSMX and MEQFX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEQFX has higher volatility (3.77%) compared to ARSMX (3.05%). In terms of maximum drawdown, ARSMX dropped -51.75% vs MEQFX's -55.38%.
ARSMX currently has the higher Sharpe Ratio (0.22 vs -0.52), 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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