ARSMX vs. TMDIX
ARSMX (AMG River Road Small-Mid Cap Value Fund) and TMDIX (AMG TimesSquare Mid Cap Growth Fund) are both mutual funds - ARSMX is a Small Cap Value Equities fund managed by AMG, while TMDIX is a Mid Cap Growth Equities fund managed by AMG. Over the past 10 years, ARSMX returned 9.91%/yr vs 13.03%/yr for TMDIX. Their correlation of 0.82 suggests significant overlap in exposure. ARSMX charges 1.27%/yr vs 0.98%/yr for TMDIX.
Performance
ARSMX vs. TMDIX - Performance Comparison
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Returns By Period
In the year-to-date period, ARSMX achieves a 7.66% return, which is significantly higher than TMDIX's 6.67% return. Over the past 10 years, ARSMX has underperformed TMDIX with an annualized return of 9.91%, while TMDIX has yielded a comparatively higher 13.03% annualized return.
ARSMX
- 1D
- 0.29%
- 1M
- 4.06%
- 6M
- 3.43%
- YTD
- 7.66%
- 1Y
- 5.45%
- 3Y*
- 9.19%
- 5Y*
- 6.41%
- 10Y*
- 9.91%
TMDIX
- 1D
- -0.39%
- 1M
- 1.65%
- 6M
- 2.93%
- YTD
- 6.67%
- 1Y
- -2.93%
- 3Y*
- 7.68%
- 5Y*
- 4.01%
- 10Y*
- 13.03%
ARSMX vs. TMDIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARSMX AMG River Road Small-Mid Cap Value Fund | 7.66% | -0.83% | 12.42% | 14.48% | -8.62% | 23.41% | 1.71% | 34.82% | -6.44% | 15.26% |
TMDIX AMG TimesSquare Mid Cap Growth Fund | 6.67% | -1.76% | 10.84% | 25.07% | -22.26% | 16.75% | 33.42% | 63.26% | -4.28% | 22.66% |
Correlation
The correlation between ARSMX and TMDIX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2007 | 0.82 |
Over the past year, the correlation between ARSMX and TMDIX has dropped to 0.60 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
ARSMX vs. TMDIX — Risk / Return Rank
ARSMX
TMDIX
ARSMX vs. TMDIX - 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 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.
| ARSMX | TMDIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.00 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | -0.10 | +0.64 |
| Martin ratioReturn relative to average drawdown | 1.25 | -0.20 | +1.45 |
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Drawdowns
ARSMX vs. TMDIX - Drawdown Comparison
The maximum ARSMX drawdown since its inception was -51.75%, which is greater than TMDIX's maximum drawdown of -48.73%. Use the drawdown chart below to compare losses from any high point for ARSMX and TMDIX.
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Drawdown Indicators
| ARSMX | TMDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.75% | -48.73% | -3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -25.45% | +15.08% |
Max Drawdown (3Y)Largest decline over 3 years | -19.34% | -25.45% | +6.11% |
Max Drawdown (5Y)Largest decline over 5 years | -19.34% | -30.53% | +11.19% |
Max Drawdown (10Y)Largest decline over 10 years | -42.96% | -35.44% | -7.52% |
Current DrawdownCurrent decline from peak | -0.41% | -10.68% | +10.27% |
Average DrawdownAverage peak-to-trough decline | -8.08% | -7.18% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.48% | 12.69% | -8.21% |
Volatility
ARSMX vs. TMDIX - Volatility Comparison
The current volatility for AMG River Road Small-Mid Cap Value Fund (ARSMX) is 3.68%, while AMG TimesSquare Mid Cap Growth Fund (TMDIX) has a volatility of 5.05%. This indicates that ARSMX 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
| ARSMX | TMDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 5.05% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.97% | 13.80% | -4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.41% | 20.41% | -6.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.73% | 20.56% | -2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.49% | 21.09% | -1.60% |
ARSMX vs. TMDIX - Expense Ratio Comparison
ARSMX has a 1.27% expense ratio, which is higher than TMDIX's 0.98% expense ratio.
Dividends
ARSMX vs. TMDIX - Dividend Comparison
Neither ARSMX nor TMDIX 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% |
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
ARSMX and TMDIX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMDIX has higher volatility (5.05%) compared to ARSMX (3.68%). In terms of maximum drawdown, ARSMX dropped -51.75% vs TMDIX's -48.73%.
ARSMX currently has the higher Sharpe Ratio (0.39 vs -0.12), 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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