MEQFX vs. ARSMX
MEQFX (AMG River Road Large Cap Value Select Fund) and ARSMX (AMG River Road Small-Mid Cap Value Fund) are both mutual funds - MEQFX is a Large Cap Blend Equities fund managed by AMG, while ARSMX is a Small Cap Value Equities fund managed by AMG. Over the past 10 years, MEQFX returned 11.04%/yr vs 10.08%/yr for ARSMX. Their correlation of 0.85 suggests significant overlap in exposure. MEQFX charges 0.64%/yr vs 1.27%/yr for ARSMX.
Performance
MEQFX vs. ARSMX - Performance Comparison
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Returns By Period
In the year-to-date period, MEQFX achieves a -3.05% return, which is significantly lower than ARSMX's 4.72% return. Over the past 10 years, MEQFX has outperformed ARSMX with an annualized return of 11.04%, while ARSMX has yielded a comparatively lower 10.08% annualized return.
MEQFX
- 1D
- 1.06%
- 1M
- 1.06%
- YTD
- -3.05%
- 6M
- -4.56%
- 1Y
- -7.57%
- 3Y*
- 10.53%
- 5Y*
- 9.11%
- 10Y*
- 11.04%
ARSMX
- 1D
- 1.63%
- 1M
- 4.50%
- YTD
- 4.72%
- 6M
- 2.99%
- 1Y
- 4.72%
- 3Y*
- 10.06%
- 5Y*
- 4.85%
- 10Y*
- 10.08%
MEQFX vs. ARSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MEQFX AMG River Road Large Cap Value Select Fund | -3.05% | -2.58% | 24.99% | 19.53% | -9.50% | 43.58% | -4.00% | 16.01% | 8.16% | 15.35% |
ARSMX AMG River Road Small-Mid Cap Value Fund | 4.72% | -0.83% | 12.42% | 14.48% | -8.62% | 23.41% | 1.71% | 34.82% | -6.44% | 15.26% |
Correlation
The correlation between MEQFX and ARSMX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2007 | 0.85 |
The correlation between MEQFX and ARSMX has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.
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Return for Risk
MEQFX vs. ARSMX — Risk / Return Rank
MEQFX
ARSMX
MEQFX vs. ARSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG River Road Large Cap Value Select Fund (MEQFX) and AMG River Road Small-Mid Cap Value Fund (ARSMX). 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.
| MEQFX | ARSMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.06 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 0.35 | -0.85 |
| Martin ratioReturn relative to average drawdown | -0.90 | 0.82 | -1.72 |
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Drawdowns
MEQFX vs. ARSMX - Drawdown Comparison
The maximum MEQFX drawdown since its inception was -55.38%, which is greater than ARSMX's maximum drawdown of -51.75%. Use the drawdown chart below to compare losses from any high point for MEQFX and ARSMX.
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Drawdown Indicators
| MEQFX | ARSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.38% | -51.75% | -3.63% |
Max Drawdown (1Y)Largest decline over 1 year | -17.43% | -10.37% | -7.06% |
Max Drawdown (3Y)Largest decline over 3 years | -17.43% | -19.34% | +1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -19.48% | -19.34% | -0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -28.69% | -42.96% | +14.27% |
Current DrawdownCurrent decline from peak | -14.47% | -3.13% | -11.34% |
Average DrawdownAverage peak-to-trough decline | -12.19% | -8.10% | -4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.54% | 4.49% | +5.05% |
Volatility
MEQFX vs. ARSMX - Volatility Comparison
AMG River Road Large Cap Value Select Fund (MEQFX) has a higher volatility of 3.97% compared to AMG River Road Small-Mid Cap Value Fund (ARSMX) at 3.42%. This indicates that MEQFX's price experiences larger fluctuations and is considered to be riskier than ARSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEQFX | ARSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 3.42% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 9.69% | 9.05% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.05% | 14.48% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 17.77% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 19.55% | +0.05% |
MEQFX vs. ARSMX - Expense Ratio Comparison
MEQFX has a 0.64% expense ratio, which is lower than ARSMX's 1.27% expense ratio.
Dividends
MEQFX vs. ARSMX - Dividend Comparison
Neither MEQFX nor ARSMX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARSMX AMG River Road Small-Mid Cap Value Fund | 0.00% | 0.00% | 9.27% | 3.89% | 4.85% | 5.86% | 0.00% | 3.60% | 8.60% | 15.66% | 8.03% | 17.82% |
MEQFX AMG River Road Large Cap Value Select Fund | 0.00% | 0.00% | 4.48% | 0.98% | 2.13% | 27.90% | 0.00% | 9.17% | 3.40% | 30.28% | 5.96% | 11.63% |
Frequently Asked Questions
MEQFX and ARSMX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEQFX has higher volatility (3.97%) compared to ARSMX (3.42%). In terms of maximum drawdown, MEQFX dropped -55.38% vs ARSMX's -51.75%.
ARSMX currently has the higher Sharpe Ratio (0.25 vs -0.51), 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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