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 1.29%/yr vs 4.20%/yr for ARDEX. At a correlation of -0.09, they often move in opposite directions. MBDFX charges 0.56%/yr vs 0.97%/yr for ARDEX.
Performance
MBDFX vs. ARDEX - Performance Comparison
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Returns By Period
In the year-to-date period, MBDFX achieves a 0.17% return, which is significantly lower than ARDEX's 10.03% return. Over the past 10 years, MBDFX has underperformed ARDEX with an annualized return of 1.29%, while ARDEX has yielded a comparatively higher 4.20% annualized return.
MBDFX
- 1D
- 0.22%
- 1M
- 0.89%
- YTD
- 0.17%
- 6M
- 0.28%
- 1Y
- 4.42%
- 3Y*
- 3.91%
- 5Y*
- -0.58%
- 10Y*
- 1.29%
ARDEX
- 1D
- 0.37%
- 1M
- -0.36%
- YTD
- 10.03%
- 6M
- 9.59%
- 1Y
- -7.28%
- 3Y*
- 4.16%
- 5Y*
- 0.05%
- 10Y*
- 4.20%
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 | 0.17% | 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 | 10.03% | -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 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
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 0.37 (1 year), reflecting how their relationship changes across market environments.
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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 | +1.48 | ||
| Sortino ratioReturn per unit of downside risk | +1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.94 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | -0.34 | +1.72 |
| Martin ratioReturn relative to average drawdown | 3.73 | -0.64 | +4.37 |
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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.
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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 | -6.99% | -52.16% | +45.17% |
Max Drawdown (5Y)Largest decline over 5 years | -20.54% | -52.16% | +31.62% |
Max Drawdown (10Y)Largest decline over 10 years | -20.66% | -52.16% | +31.50% |
Current DrawdownCurrent decline from peak | -4.30% | -47.15% | +42.85% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -10.55% | +6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 10.96% | -9.77% |
Volatility
MBDFX vs. ARDEX - Volatility Comparison
The current volatility for AMG GW&K Core Bond ESG Fund (MBDFX) is 1.19%, while AMG River Road Dividend All Cap Value Fund (ARDEX) has a volatility of 2.71%. 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.
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Volatility by Period
| MBDFX | ARDEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 2.71% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 23.60% | -20.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 22.41% | -18.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.16% | 41.86% | -35.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.06% | 32.41% | -27.35% |
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 3.46%, less than ARDEX's 4.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARDEX AMG River Road Dividend All Cap Value Fund | 4.68% | 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 | 3.46% | 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 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARDEX has higher volatility (2.71%) compared to MBDFX (1.19%). In terms of maximum drawdown, MBDFX dropped -20.66% vs ARDEX's -52.16%.
MBDFX currently has the higher Sharpe Ratio (1.17 vs -0.32), 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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