MECIX vs. CHTTX

Last updated Jun 4, 2026

MECIX (AMG GW&K International Small Cap Fund) and CHTTX (AMG River Road Mid Cap Value Fund) are both mutual funds - MECIX is a Foreign Small & Mid Cap Equities fund managed by AMG, while CHTTX is a Mid Cap Value Equities fund managed by AMG. Over the past 10 years, MECIX returned 5.62%/yr vs 8.26%/yr for CHTTX. A 0.76 correlation means they provide meaningful diversification when combined. MECIX charges 0.99%/yr vs 1.10%/yr for CHTTX.

Performance

MECIX vs. CHTTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AMG GW&K International Small Cap Fund (MECIX) and AMG River Road Mid Cap Value Fund (CHTTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MECIX achieves a 7.56% return, which is significantly higher than CHTTX's -0.60% return. Over the past 10 years, MECIX has underperformed CHTTX with an annualized return of 5.62%, while CHTTX has yielded a comparatively higher 8.26% annualized return.

MECIX

• 1D: -0.37%
• 1M: 1.10%
• YTD: 7.56%
• 6M: 7.66%
• 1Y: 13.17%
• 3Y*: 9.28%
• 5Y*: 1.14%
• 10Y*: 5.62%

CHTTX

• 1D: 0.00%
• 1M: 1.18%
• YTD: -0.60%
• 6M: -11.57%
• 1Y: -3.80%
• 3Y*: 9.58%
• 5Y*: 6.73%
• 10Y*: 8.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MECIX vs. CHTTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MECIX AMG GW&K International Small Cap Fund	7.56%	16.57%	2.15%	6.23%	-20.34%	2.33%	1.72%	9.90%	-6.00%	22.41%
CHTTX AMG River Road Mid Cap Value Fund	-0.60%	-1.64%	13.52%	22.65%	-8.48%	27.04%	3.83%	23.39%	-18.57%	11.51%

Correlation

The correlation between MECIX and CHTTX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Sep 20, 1994	0.76

Over the past year, the correlation between MECIX and CHTTX has dropped to 0.51 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

Return for Risk

MECIX vs. CHTTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MECIX

MECIX Risk / Return Rank: 12
MECIX Sharpe Ratio Rank: 12
MECIX Sortino Ratio Rank: 11
MECIX Omega Ratio Rank: 12
MECIX Calmar Ratio Rank: 12
MECIX Martin Ratio Rank: 14

CHTTX

CHTTX Risk / Return Rank: 2
CHTTX Sharpe Ratio Rank: 2
CHTTX Sortino Ratio Rank: 2
CHTTX Omega Ratio Rank: 2
CHTTX Calmar Ratio Rank: 2
CHTTX Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MECIX vs. CHTTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AMG GW&K International Small Cap Fund (MECIX) 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.

	MECIX	CHTTX	Difference
Sharpe ratio: Return per unit of total volatility	0.91	-0.13	+1.05
Sortino ratio: Return per unit of downside risk	1.32	-0.04	+1.37
Omega ratio: Gain probability vs. loss probability	1.17	0.99	+0.18
Calmar ratio: Return relative to maximum drawdown	1.18	-0.14	+1.32
Martin ratio: Return relative to average drawdown	3.97	-0.27	+4.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MECIX vs. CHTTX - Sharpe Ratio Comparison

The current MECIX Sharpe Ratio is 0.91, which is higher than the CHTTX Sharpe Ratio of -0.13. The chart below compares the historical Sharpe Ratios of MECIX and CHTTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MECIX	CHTTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	-0.13	+1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.37	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.40	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.51	-0.09

Drawdowns

MECIX vs. CHTTX - Drawdown Comparison

The maximum MECIX drawdown since its inception was -68.42%, which is greater than CHTTX's maximum drawdown of -58.30%. Use the drawdown chart below to compare losses from any high point for MECIX and CHTTX.

Drawdown Indicators

	MECIX	CHTTX	Difference
Max Drawdown Largest peak-to-trough decline	-68.42%	-58.30%	-10.12%
Max Drawdown (1Y) Largest decline over 1 year	-10.60%	-17.80%	+7.20%
Max Drawdown (3Y) Largest decline over 3 years	-17.72%	-17.80%	+0.08%
Max Drawdown (5Y) Largest decline over 5 years	-37.38%	-20.38%	-17.00%
Max Drawdown (10Y) Largest decline over 10 years	-51.20%	-42.58%	-8.62%
Current Drawdown Current decline from peak	-2.60%	-14.37%	+11.77%
Average Drawdown Average peak-to-trough decline	-14.21%	-7.80%	-6.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	9.24%	-6.12%

Volatility

MECIX vs. CHTTX - Volatility Comparison

The current volatility for AMG GW&K International Small Cap Fund (MECIX) is 3.12%, while AMG River Road Mid Cap Value Fund (CHTTX) has a volatility of 3.37%. This indicates that MECIX 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.

Volatility by Period

	MECIX	CHTTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	3.37%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	11.17%	16.53%	-5.36%
Volatility (1Y) Calculated over the trailing 1-year period	13.68%	18.92%	-5.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.83%	18.55%	-3.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.31%	20.49%	-1.18%

MECIX vs. CHTTX - Expense Ratio Comparison

MECIX has a 0.99% expense ratio, which is lower than CHTTX's 1.10% expense ratio.

Dividends

MECIX vs. CHTTX - Dividend Comparison

Neither MECIX nor CHTTX has 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%
MECIX AMG GW&K International Small Cap Fund	0.00%	0.00%	2.06%	1.51%	1.34%	0.68%	0.00%	0.02%	9.02%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MECIX and CHTTX in my portfolio?

MECIX and CHTTX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MECIX or CHTTX?

CHTTX has higher volatility (3.37%) compared to MECIX (3.12%). In terms of maximum drawdown, MECIX dropped -68.42% vs CHTTX's -58.30%.

Which has better risk-adjusted returns?

MECIX currently has the higher Sharpe Ratio (0.91 vs -0.13), 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.