GWETX vs. ARSMX
GWETX (AMG GW&K Small Cap Core Fund) and ARSMX (AMG River Road Small-Mid Cap Value Fund) are both mutual funds - GWETX is a Small Cap Blend Equities fund managed by AMG, while ARSMX is a Small Cap Value Equities fund managed by AMG. Over the past 10 years, GWETX returned 9.56%/yr vs 10.18%/yr for ARSMX. Their correlation of 0.90 means they have usually moved in the same direction. GWETX charges 1.30%/yr vs 1.27%/yr for ARSMX.
Performance
GWETX vs. ARSMX - Performance Comparison
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Returns By Period
In the year-to-date period, GWETX achieves a 13.54% return, which is significantly higher than ARSMX's 10.49% return. Over the past 10 years, GWETX has underperformed ARSMX with an annualized return of 9.56%, while ARSMX has yielded a comparatively higher 10.18% annualized return.
GWETX
- 1D
- 1.31%
- 1M
- -1.81%
- 6M
- 9.37%
- YTD
- 13.54%
- 1Y
- 16.27%
- 3Y*
- 8.81%
- 5Y*
- 3.56%
- 10Y*
- 9.56%
- ALL TIME*
- 6.87%
ARSMX
- 1D
- -1.31%
- 1M
- 2.53%
- 6M
- 8.11%
- YTD
- 10.49%
- 1Y
- 9.57%
- 3Y*
- 9.29%
- 5Y*
- 6.50%
- 10Y*
- 10.18%
- ALL TIME*
- 7.70%
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 |
GWETX vs. ARSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GWETX AMG GW&K Small Cap Core Fund | 13.54% | -0.62% | 13.60% | 8.03% | -16.60% | 21.09% | 17.72% | 38.10% | -14.03% | 20.32% |
ARSMX AMG River Road Small-Mid Cap Value Fund | 10.49% | -0.83% | 12.42% | 14.48% | -8.62% | 23.41% | 1.71% | 34.82% | -6.44% | 15.26% |
Correlation
The correlation between GWETX and ARSMX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2007 | 0.90 |
The correlation between GWETX and ARSMX shifts across timeframes, from 0.71 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GWETX vs. ARSMX — Risk / Return Rank
GWETX
ARSMX
GWETX vs. ARSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG GW&K Small Cap Core Fund (GWETX) and AMG River Road Small-Mid Cap Value Fund (ARSMX). 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.
| GWETX | ARSMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.10 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 0.71 | +0.37 |
| Martin ratioReturn relative to average drawdown | 3.00 | 1.64 | +1.37 |
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Drawdowns
GWETX vs. ARSMX - Drawdown Comparison
The maximum GWETX drawdown since its inception was -67.27%, which is greater than ARSMX's maximum drawdown of -51.75%. Use the drawdown chart below to compare losses from any high point for GWETX and ARSMX.
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Drawdown Indicators
| GWETX | ARSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.27% | -51.75% | -15.52% |
Max Drawdown (1Y)Largest decline over 1 year | -13.26% | -10.37% | -2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -24.48% | -19.34% | -5.14% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -19.34% | -11.16% |
Max Drawdown (10Y)Largest decline over 10 years | -41.37% | -42.96% | +1.59% |
Current DrawdownCurrent decline from peak | -3.97% | -1.59% | -2.38% |
Average DrawdownAverage peak-to-trough decline | -19.21% | -8.06% | -11.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 4.47% | +0.28% |
Volatility
GWETX vs. ARSMX - Volatility Comparison
AMG GW&K Small Cap Core Fund (GWETX) and AMG River Road Small-Mid Cap Value Fund (ARSMX) have volatilities of 4.25% and 4.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GWETX | ARSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 4.05% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 12.99% | 9.15% | +3.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.70% | 14.41% | +5.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.34% | 17.71% | +3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.20% | 19.51% | +2.69% |
GWETX vs. ARSMX - Expense Ratio Comparison
GWETX has a 1.30% expense ratio, which is higher than ARSMX's 1.27% expense ratio.
Dividends
GWETX vs. ARSMX - Dividend Comparison
Neither GWETX nor ARSMX 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% |
GWETX AMG GW&K Small Cap Core Fund | 0.00% | 0.00% | 4.04% | 0.70% | 0.75% | 9.16% | 2.43% | 10.50% | 14.38% | 5.46% | 4.24% | 4.10% |
Frequently Asked Questions
GWETX and ARSMX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GWETX has higher volatility (4.25%) compared to ARSMX (4.05%). In terms of maximum drawdown, GWETX dropped -67.27% vs ARSMX's -51.75%.
GWETX currently has the higher Sharpe Ratio (0.73 vs 0.51), 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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