CHTTX vs. GWMEX
CHTTX (AMG River Road Mid Cap Value Fund) and GWMEX (AMG GW&K Municipal Enhanced Yield Fund) are both mutual funds - CHTTX is a Mid Cap Value Equities fund managed by AMG, while GWMEX is a High Yield Muni fund managed by AMG. Over the past 10 years, CHTTX returned 8.43%/yr vs 3.13%/yr for GWMEX. Their -0.09 correlation means they have often moved in opposite directions in the past. CHTTX charges 1.10%/yr vs 0.64%/yr for GWMEX.
Performance
CHTTX vs. GWMEX - Performance Comparison
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Returns By Period
In the year-to-date period, CHTTX achieves a 5.34% return, which is significantly higher than GWMEX's 0.76% return. Over the past 10 years, CHTTX has outperformed GWMEX with an annualized return of 8.43%, while GWMEX has yielded a comparatively lower 3.13% annualized return.
CHTTX
- 1D
- -0.71%
- 1M
- 0.43%
- 6M
- 3.52%
- YTD
- 5.34%
- 1Y
- -0.71%
- 3Y*
- 7.67%
- 5Y*
- 7.58%
- 10Y*
- 8.43%
- ALL TIME*
- 10.83%
GWMEX
- 1D
- -0.35%
- 1M
- -2.06%
- 6M
- 0.44%
- YTD
- 0.76%
- 1Y
- 7.04%
- 3Y*
- 3.29%
- 5Y*
- 1.18%
- 10Y*
- 3.13%
- ALL TIME*
- 3.65%
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 |
CHTTX vs. GWMEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHTTX AMG River Road Mid Cap Value Fund | 5.34% | -1.64% | 13.52% | 22.65% | -8.48% | 27.04% | 3.83% | 23.39% | -18.57% | 11.51% |
GWMEX AMG GW&K Municipal Enhanced Yield Fund | 0.76% | 2.50% | 2.61% | 10.89% | -17.86% | 15.05% | 6.32% | 12.51% | -0.06% | 9.79% |
Correlation
The correlation between CHTTX and GWMEX is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | -0.09 |
The correlation between CHTTX and GWMEX shifts across timeframes, from -0.09 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CHTTX vs. GWMEX — Risk / Return Rank
CHTTX
GWMEX
CHTTX vs. GWMEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG River Road Mid Cap Value Fund (CHTTX) and AMG GW&K Municipal Enhanced Yield Fund (GWMEX). 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.
| CHTTX | GWMEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.48 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 2.10 | -2.24 |
| Martin ratioReturn relative to average drawdown | -0.25 | 8.02 | -8.27 |
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Drawdowns
CHTTX vs. GWMEX - Drawdown Comparison
The maximum CHTTX drawdown since its inception was -58.30%, which is greater than GWMEX's maximum drawdown of -36.30%. Use the drawdown chart below to compare losses from any high point for CHTTX and GWMEX.
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Drawdown Indicators
| CHTTX | GWMEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.30% | -36.30% | -22.00% |
Max Drawdown (1Y)Largest decline over 1 year | -17.80% | -3.95% | -13.85% |
Max Drawdown (3Y)Largest decline over 3 years | -17.80% | -8.85% | -8.95% |
Max Drawdown (5Y)Largest decline over 5 years | -20.38% | -24.06% | +3.68% |
Max Drawdown (10Y)Largest decline over 10 years | -42.58% | -24.06% | -18.52% |
Current DrawdownCurrent decline from peak | -9.25% | -3.56% | -5.69% |
Average DrawdownAverage peak-to-trough decline | -7.82% | -5.67% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.36% | 1.03% | +9.33% |
Volatility
CHTTX vs. GWMEX - Volatility Comparison
AMG River Road Mid Cap Value Fund (CHTTX) has a higher volatility of 4.73% compared to AMG GW&K Municipal Enhanced Yield Fund (GWMEX) at 1.19%. This indicates that CHTTX's price experiences larger fluctuations and is considered to be riskier than GWMEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHTTX | GWMEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.73% | 1.19% | +3.54% |
Volatility (6M)Calculated over the trailing 6-month period | 9.81% | 3.11% | +6.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.06% | 3.94% | +15.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.57% | 7.82% | +10.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.31% | 6.75% | +13.56% |
CHTTX vs. GWMEX - Expense Ratio Comparison
CHTTX has a 1.10% expense ratio, which is higher than GWMEX's 0.64% expense ratio.
Dividends
CHTTX vs. GWMEX - Dividend Comparison
CHTTX has not paid dividends to shareholders, while GWMEX's dividend yield for the trailing twelve months is around 3.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GWMEX AMG GW&K Municipal Enhanced Yield Fund | 3.17% | 3.67% | 3.38% | 3.10% | 3.33% | 13.26% | 3.63% | 4.59% | 5.82% | 2.97% | 7.96% | 4.77% |
Frequently Asked Questions
CHTTX and GWMEX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CHTTX has higher volatility (4.73%) compared to GWMEX (1.19%). In terms of maximum drawdown, CHTTX dropped -58.30% vs GWMEX's -36.30%.
GWMEX currently has the higher Sharpe Ratio (2.11 vs -0.14), 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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