MRLIX vs. ARSMX
MRLIX (AMG Renaissance Large Cap Growth Fund) and ARSMX (AMG River Road Small-Mid Cap Value Fund) are both mutual funds - MRLIX is a Large Cap Growth Equities fund managed by AMG, while ARSMX is a Small Cap Value Equities fund managed by AMG. Over the past 10 years, MRLIX returned 12.61%/yr vs 10.18%/yr for ARSMX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. MRLIX charges 0.66%/yr vs 1.27%/yr for ARSMX.
Performance
MRLIX vs. ARSMX - Performance Comparison
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Returns By Period
In the year-to-date period, MRLIX achieves a 3.11% return, which is significantly lower than ARSMX's 10.49% return. Over the past 10 years, MRLIX has outperformed ARSMX with an annualized return of 12.61%, while ARSMX has yielded a comparatively lower 10.18% annualized return.
MRLIX
- 1D
- 2.15%
- 1M
- -0.96%
- 6M
- 2.69%
- YTD
- 3.11%
- 1Y
- -6.89%
- 3Y*
- 4.79%
- 5Y*
- 4.34%
- 10Y*
- 12.61%
- ALL TIME*
- 12.94%
ARSMX
- 1D
- -1.31%
- 1M
- 2.53%
- 6M
- 8.11%
- YTD
- 10.49%
- 1Y
- 9.57%
- 3Y*
- 9.29%
- 5Y*
- 6.50%
- 10Y*
- 10.18%
- ALL TIME*
- 7.70%
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 |
MRLIX vs. ARSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MRLIX AMG Renaissance Large Cap Growth Fund | 3.11% | -4.22% | 9.25% | 25.51% | -16.98% | 30.76% | 23.92% | 47.97% | -6.66% | 22.50% |
ARSMX AMG River Road Small-Mid Cap Value Fund | 10.49% | -0.83% | 12.42% | 14.48% | -8.62% | 23.41% | 1.71% | 34.82% | -6.44% | 15.26% |
Correlation
The correlation between MRLIX and ARSMX is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2009 | 0.77 |
Over the past year, the correlation between MRLIX and ARSMX has dropped to 0.52 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
MRLIX vs. ARSMX — Risk / Return Rank
MRLIX
ARSMX
MRLIX vs. ARSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG Renaissance Large Cap Growth Fund (MRLIX) 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.
| MRLIX | ARSMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.10 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 0.71 | -1.08 |
| Martin ratioReturn relative to average drawdown | -0.70 | 1.64 | -2.34 |
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Drawdowns
MRLIX vs. ARSMX - Drawdown Comparison
The maximum MRLIX drawdown since its inception was -34.16%, smaller than the maximum ARSMX drawdown of -51.75%. Use the drawdown chart below to compare losses from any high point for MRLIX and ARSMX.
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Drawdown Indicators
| MRLIX | ARSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.16% | -51.75% | +17.59% |
Max Drawdown (1Y)Largest decline over 1 year | -23.75% | -10.37% | -13.38% |
Max Drawdown (3Y)Largest decline over 3 years | -27.51% | -19.34% | -8.17% |
Max Drawdown (5Y)Largest decline over 5 years | -27.51% | -19.34% | -8.17% |
Max Drawdown (10Y)Largest decline over 10 years | -34.16% | -42.96% | +8.80% |
Current DrawdownCurrent decline from peak | -15.43% | -1.59% | -13.84% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -8.06% | +2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.62% | 4.47% | +8.15% |
Volatility
MRLIX vs. ARSMX - Volatility Comparison
AMG Renaissance Large Cap Growth Fund (MRLIX) and AMG River Road Small-Mid Cap Value Fund (ARSMX) have volatilities of 3.94% and 4.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MRLIX | ARSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 4.05% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 11.84% | 9.15% | +2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.89% | 14.41% | +6.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.04% | 17.71% | +1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 19.51% | +0.20% |
MRLIX vs. ARSMX - Expense Ratio Comparison
MRLIX has a 0.66% expense ratio, which is lower than ARSMX's 1.27% expense ratio.
Dividends
MRLIX vs. ARSMX - Dividend Comparison
Neither MRLIX 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% |
MRLIX AMG Renaissance Large Cap Growth Fund | 0.00% | 0.00% | 1.52% | 7.77% | 7.44% | 8.36% | 5.23% | 17.34% | 24.83% | 3.35% | 2.29% | 1.59% |
Frequently Asked Questions
MRLIX and ARSMX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARSMX has higher volatility (4.05%) compared to MRLIX (3.94%). In terms of maximum drawdown, MRLIX dropped -34.16% vs ARSMX's -51.75%.
ARSMX currently has the higher Sharpe Ratio (0.51 vs -0.43), 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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