MBDFX vs. ARDEX
MBDFX (AMG GW&K Core Bond ESG Fund) and ARDEX (AMG River Road Dividend All Cap Value Fund) are both mutual funds - MBDFX is a Intermediate Core Bond fund managed by AMG, while ARDEX is a Large Cap Value Equities fund managed by AMG. Over the past 10 years, MBDFX returned 0.99%/yr vs 4.13%/yr for ARDEX. Their -0.09 correlation means they have often moved in opposite directions in the past. MBDFX charges 0.56%/yr vs 0.97%/yr for ARDEX.
Performance
MBDFX vs. ARDEX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MBDFX achieves a -1.16% return, which is significantly lower than ARDEX's 13.34% return. Over the past 10 years, MBDFX has underperformed ARDEX with an annualized return of 0.99%, while ARDEX has yielded a comparatively higher 4.13% annualized return.
MBDFX
- 1D
- 0.11%
- 1M
- -1.00%
- 6M
- -1.47%
- YTD
- -1.16%
- 1Y
- 1.27%
- 3Y*
- 3.52%
- 5Y*
- -1.04%
- 10Y*
- 0.99%
- ALL TIME*
- 2.20%
ARDEX
- 1D
- -0.54%
- 1M
- 0.00%
- 6M
- 8.37%
- YTD
- 13.34%
- 1Y
- -4.92%
- 3Y*
- 4.58%
- 5Y*
- 0.07%
- 10Y*
- 4.13%
- ALL TIME*
- 6.17%
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 |
MBDFX vs. ARDEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MBDFX AMG GW&K Core Bond ESG Fund | -1.16% | 7.29% | 1.24% | 5.73% | -13.85% | -3.34% | 7.33% | 9.70% | -1.11% | 3.88% |
ARDEX AMG River Road Dividend All Cap Value Fund | 13.34% | -14.13% | 16.20% | 2.04% | -3.64% | 4.16% | -2.18% | 23.20% | -7.61% | 8.78% |
Correlation
The correlation between MBDFX and ARDEX is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2005 | -0.09 |
The correlation between MBDFX and ARDEX shifts across timeframes, from -0.09 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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
MBDFX vs. ARDEX — Risk / Return Rank
MBDFX
ARDEX
MBDFX vs. ARDEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG GW&K Core Bond ESG Fund (MBDFX) and AMG River Road Dividend All Cap Value Fund (ARDEX). 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.
| MBDFX | ARDEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.95 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | -0.31 | +0.95 |
| Martin ratioReturn relative to average drawdown | 1.45 | -0.55 | +2.01 |
Loading charts...
Drawdowns
MBDFX vs. ARDEX - Drawdown Comparison
The maximum MBDFX drawdown since its inception was -20.66%, smaller than the maximum ARDEX drawdown of -52.16%. Use the drawdown chart below to compare losses from any high point for MBDFX and ARDEX.
Loading charts...
Drawdown Indicators
| MBDFX | ARDEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.66% | -52.16% | +31.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -20.51% | +17.26% |
Max Drawdown (3Y)Largest decline over 3 years | -5.74% | -52.16% | +46.42% |
Max Drawdown (5Y)Largest decline over 5 years | -20.47% | -52.16% | +31.69% |
Max Drawdown (10Y)Largest decline over 10 years | -20.66% | -52.16% | +31.50% |
Current DrawdownCurrent decline from peak | -5.57% | -45.57% | +40.00% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -10.74% | +6.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 11.47% | -10.05% |
Volatility
MBDFX vs. ARDEX - Volatility Comparison
The current volatility for AMG GW&K Core Bond ESG Fund (MBDFX) is 1.11%, while AMG River Road Dividend All Cap Value Fund (ARDEX) has a volatility of 3.04%. This indicates that MBDFX experiences smaller price fluctuations and is considered to be less risky than ARDEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MBDFX | ARDEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 3.04% | -1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 6.78% | -3.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 22.41% | -18.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.17% | 41.85% | -35.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.06% | 32.38% | -27.32% |
MBDFX vs. ARDEX - Expense Ratio Comparison
MBDFX has a 0.56% expense ratio, which is lower than ARDEX's 0.97% expense ratio.
Dividends
MBDFX vs. ARDEX - Dividend Comparison
MBDFX's dividend yield for the trailing twelve months is around 3.24%, less than ARDEX's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARDEX AMG River Road Dividend All Cap Value Fund | 3.79% | 5.85% | 79.78% | 4.42% | 14.36% | 5.37% | 2.12% | 8.71% | 9.10% | 6.83% | 9.31% | 11.69% |
MBDFX AMG GW&K Core Bond ESG Fund | 3.24% | 3.66% | 3.50% | 2.92% | 2.16% | 2.35% | 1.84% | 2.40% | 2.30% | 2.10% | 2.06% | 4.17% |
Frequently Asked Questions
MBDFX and ARDEX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARDEX has higher volatility (3.04%) compared to MBDFX (1.11%). In terms of maximum drawdown, MBDFX dropped -20.66% vs ARDEX's -52.16%.
MBDFX currently has the higher Sharpe Ratio (0.54 vs -0.28), 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 MBDFX and ARDEX
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