GWMEX vs. CHTTX
GWMEX (AMG GW&K Municipal Enhanced Yield Fund) and CHTTX (AMG River Road Mid Cap Value Fund) are both mutual funds - GWMEX is a High Yield Muni fund managed by AMG, while CHTTX is a Mid Cap Value Equities fund managed by AMG. Over the past 10 years, GWMEX returned 3.40%/yr vs 8.36%/yr for CHTTX. At a correlation of -0.10, they often move in opposite directions. GWMEX charges 0.64%/yr vs 1.10%/yr for CHTTX.
Performance
GWMEX vs. CHTTX - Performance Comparison
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Returns By Period
In the year-to-date period, GWMEX achieves a 2.65% return, which is significantly higher than CHTTX's 0.81% return. Over the past 10 years, GWMEX has underperformed CHTTX with an annualized return of 3.40%, while CHTTX has yielded a comparatively higher 8.36% annualized return.
GWMEX
- 1D
- 0.11%
- 1M
- 2.40%
- YTD
- 2.65%
- 6M
- 3.00%
- 1Y
- 8.44%
- 3Y*
- 4.23%
- 5Y*
- 1.74%
- 10Y*
- 3.40%
CHTTX
- 1D
- 0.45%
- 1M
- 2.15%
- YTD
- 0.81%
- 6M
- -1.48%
- 1Y
- -2.30%
- 3Y*
- 8.85%
- 5Y*
- 7.59%
- 10Y*
- 8.36%
GWMEX vs. CHTTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GWMEX AMG GW&K Municipal Enhanced Yield Fund | 2.65% | 2.50% | 2.61% | 10.89% | -17.86% | 15.05% | 6.32% | 12.51% | -0.06% | 9.79% |
CHTTX AMG River Road Mid Cap Value Fund | 0.81% | -1.64% | 13.52% | 22.65% | -8.48% | 27.04% | 3.83% | 23.39% | -18.57% | 11.51% |
Correlation
The correlation between GWMEX and CHTTX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | -0.10 |
The correlation between GWMEX and CHTTX shifts across timeframes, from -0.10 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GWMEX vs. CHTTX — Risk / Return Rank
GWMEX
CHTTX
GWMEX vs. CHTTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG GW&K Municipal Enhanced Yield Fund (GWMEX) and AMG River Road Mid Cap Value Fund (CHTTX). 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.
| GWMEX | CHTTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.32 | ||
| Sortino ratioReturn per unit of downside risk | +3.32 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.00 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | -0.11 | +2.30 |
| Martin ratioReturn relative to average drawdown | 7.78 | -0.20 | +7.98 |
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Drawdowns
GWMEX vs. CHTTX - Drawdown Comparison
The maximum GWMEX drawdown since its inception was -36.30%, smaller than the maximum CHTTX drawdown of -58.30%. Use the drawdown chart below to compare losses from any high point for GWMEX and CHTTX.
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Drawdown Indicators
| GWMEX | CHTTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.30% | -58.30% | +22.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.95% | -17.80% | +13.85% |
Max Drawdown (3Y)Largest decline over 3 years | -9.08% | -17.80% | +8.72% |
Max Drawdown (5Y)Largest decline over 5 years | -24.06% | -20.38% | -3.68% |
Max Drawdown (10Y)Largest decline over 10 years | -24.06% | -42.58% | +18.52% |
Current DrawdownCurrent decline from peak | -1.75% | -13.16% | +11.41% |
Average DrawdownAverage peak-to-trough decline | -5.69% | -7.81% | +2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 9.67% | -8.56% |
Volatility
GWMEX vs. CHTTX - Volatility Comparison
The current volatility for AMG GW&K Municipal Enhanced Yield Fund (GWMEX) is 0.91%, while AMG River Road Mid Cap Value Fund (CHTTX) has a volatility of 3.44%. This indicates that GWMEX experiences smaller price fluctuations and is considered to be less risky than CHTTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GWMEX | CHTTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 3.44% | -2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 16.51% | -13.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.90% | 18.99% | -15.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.80% | 18.57% | -10.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.75% | 20.48% | -13.73% |
GWMEX vs. CHTTX - Expense Ratio Comparison
GWMEX has a 0.64% expense ratio, which is lower than CHTTX's 1.10% expense ratio.
Dividends
GWMEX vs. CHTTX - Dividend Comparison
GWMEX's dividend yield for the trailing twelve months is around 3.40%, while CHTTX has not paid dividends to shareholders.
| 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 | 3.40% | 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
GWMEX and CHTTX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CHTTX has higher volatility (3.44%) compared to GWMEX (0.91%). In terms of maximum drawdown, GWMEX dropped -36.30% vs CHTTX's -58.30%.
GWMEX currently has the higher Sharpe Ratio (2.21 vs -0.10), 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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