GWETX vs. TMDIX
GWETX (AMG GW&K Small Cap Core Fund) and TMDIX (AMG TimesSquare Mid Cap Growth Fund) are both mutual funds - GWETX is a Small Cap Blend Equities fund managed by AMG, while TMDIX is a Mid Cap Growth Equities fund managed by AMG. Over the past 10 years, GWETX returned 9.56%/yr vs 12.70%/yr for TMDIX. Their correlation of 0.88 means they have usually moved in the same direction. GWETX charges 1.30%/yr vs 0.98%/yr for TMDIX.
Performance
GWETX vs. TMDIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GWETX achieves a 13.54% return, which is significantly higher than TMDIX's 4.53% return. Over the past 10 years, GWETX has underperformed TMDIX with an annualized return of 9.56%, while TMDIX has yielded a comparatively higher 12.70% 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%
TMDIX
- 1D
- 2.45%
- 1M
- -3.41%
- 6M
- 5.22%
- YTD
- 4.53%
- 1Y
- -6.10%
- 3Y*
- 6.58%
- 5Y*
- 2.93%
- 10Y*
- 12.70%
- ALL TIME*
- 10.91%
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. TMDIX - 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% |
TMDIX AMG TimesSquare Mid Cap Growth Fund | 4.53% | -1.76% | 10.84% | 25.07% | -22.26% | 16.75% | 33.42% | 63.26% | -4.28% | 22.66% |
Correlation
The correlation between GWETX and TMDIX is 0.80, 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. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2005 | 0.88 |
The correlation between GWETX and TMDIX has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GWETX vs. TMDIX — Risk / Return Rank
GWETX
TMDIX
GWETX vs. TMDIX - 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 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.
| GWETX | TMDIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.95 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | -0.31 | +1.39 |
| Martin ratioReturn relative to average drawdown | 3.00 | -0.61 | +3.62 |
Loading charts...
Drawdowns
GWETX vs. TMDIX - Drawdown Comparison
The maximum GWETX drawdown since its inception was -67.27%, which is greater than TMDIX's maximum drawdown of -48.73%. Use the drawdown chart below to compare losses from any high point for GWETX and TMDIX.
Loading charts...
Drawdown Indicators
| GWETX | TMDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.27% | -48.73% | -18.54% |
Max Drawdown (1Y)Largest decline over 1 year | -13.26% | -25.45% | +12.19% |
Max Drawdown (3Y)Largest decline over 3 years | -24.48% | -25.45% | +0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -30.53% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -41.37% | -35.44% | -5.93% |
Current DrawdownCurrent decline from peak | -3.97% | -12.48% | +8.51% |
Average DrawdownAverage peak-to-trough decline | -19.21% | -7.19% | -12.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 12.95% | -8.20% |
Volatility
GWETX vs. TMDIX - Volatility Comparison
The current volatility for AMG GW&K Small Cap Core Fund (GWETX) is 4.25%, while AMG TimesSquare Mid Cap Growth Fund (TMDIX) has a volatility of 4.81%. This indicates that GWETX 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.
Loading charts...
Volatility by Period
| GWETX | TMDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 4.81% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 12.99% | 14.06% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.70% | 20.64% | -0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.34% | 20.59% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.20% | 21.11% | +1.09% |
GWETX vs. TMDIX - Expense Ratio Comparison
GWETX has a 1.30% expense ratio, which is higher than TMDIX's 0.98% expense ratio.
Dividends
GWETX vs. TMDIX - Dividend Comparison
Neither GWETX nor TMDIX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
GWETX and TMDIX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMDIX has higher volatility (4.81%) compared to GWETX (4.25%). In terms of maximum drawdown, GWETX dropped -67.27% vs TMDIX's -48.73%.
GWETX currently has the higher Sharpe Ratio (0.73 vs -0.39), 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.
Find the right allocation for GWETX and TMDIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer