MRLIX vs. AWYIX
MRLIX (AMG Renaissance Large Cap Growth Fund) and AWYIX (CIBC Atlas Equity Income Fund) are both mutual funds - MRLIX is a Large Cap Growth Equities fund managed by AMG, while AWYIX is a Dividend fund managed by CIBC Private Wealth Management. Over the past 5 years, MRLIX returned 4.34%/yr vs 7.12%/yr for AWYIX. Their correlation of 0.86 means they have usually moved in the same direction. MRLIX charges 0.66%/yr vs 0.95%/yr for AWYIX.
Performance
MRLIX vs. AWYIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MRLIX having a 3.11% return and AWYIX slightly lower at 3.06%.
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%
AWYIX
- 1D
- 0.31%
- 1M
- -0.45%
- 6M
- 1.94%
- YTD
- 3.06%
- 1Y
- 8.92%
- 3Y*
- 11.30%
- 5Y*
- 7.12%
- 10Y*
- —
- ALL TIME*
- 11.98%
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. AWYIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MRLIX AMG Renaissance Large Cap Growth Fund | 3.11% | -4.22% | 9.25% | 25.51% | -16.98% | 30.76% | 23.92% | 47.97% | -6.39% |
AWYIX CIBC Atlas Equity Income Fund | 3.06% | 7.66% | 18.19% | 16.39% | -15.59% | 29.51% | 12.75% | 35.07% | 1.12% |
Correlation
The correlation between MRLIX and AWYIX is 0.62, 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. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2018 | 0.86 |
Over the past year, the correlation between MRLIX and AWYIX has dropped to 0.62 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
MRLIX vs. AWYIX — Risk / Return Rank
MRLIX
AWYIX
MRLIX vs. AWYIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG Renaissance Large Cap Growth Fund (MRLIX) and CIBC Atlas Equity Income Fund (AWYIX). 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 | AWYIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.13 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 0.86 | -1.23 |
| Martin ratioReturn relative to average drawdown | -0.70 | 3.23 | -3.93 |
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Drawdowns
MRLIX vs. AWYIX - Drawdown Comparison
The maximum MRLIX drawdown since its inception was -34.16%, roughly equal to the maximum AWYIX drawdown of -35.79%. Use the drawdown chart below to compare losses from any high point for MRLIX and AWYIX.
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Drawdown Indicators
| MRLIX | AWYIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.16% | -35.79% | +1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -23.75% | -8.35% | -15.40% |
Max Drawdown (3Y)Largest decline over 3 years | -27.51% | -18.72% | -8.79% |
Max Drawdown (5Y)Largest decline over 5 years | -27.51% | -19.82% | -7.69% |
Max Drawdown (10Y)Largest decline over 10 years | -34.16% | — | — |
Current DrawdownCurrent decline from peak | -15.43% | -1.05% | -14.38% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -4.95% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.62% | 2.22% | +10.40% |
Volatility
MRLIX vs. AWYIX - Volatility Comparison
AMG Renaissance Large Cap Growth Fund (MRLIX) has a higher volatility of 3.94% compared to CIBC Atlas Equity Income Fund (AWYIX) at 2.78%. This indicates that MRLIX's price experiences larger fluctuations and is considered to be riskier than AWYIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MRLIX | AWYIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 2.78% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 11.84% | 7.54% | +4.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.89% | 10.24% | +10.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.04% | 14.42% | +4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 17.76% | +1.95% |
MRLIX vs. AWYIX - Expense Ratio Comparison
MRLIX has a 0.66% expense ratio, which is lower than AWYIX's 0.95% expense ratio.
Dividends
MRLIX vs. AWYIX - Dividend Comparison
MRLIX has not paid dividends to shareholders, while AWYIX's dividend yield for the trailing twelve months is around 2.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWYIX CIBC Atlas Equity Income Fund | 2.12% | 1.74% | 5.77% | 1.80% | 3.23% | 6.35% | 6.87% | 3.82% | 6.79% | 0.00% | 0.00% | 0.00% |
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 AWYIX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MRLIX has higher volatility (3.94%) compared to AWYIX (2.78%). In terms of maximum drawdown, MRLIX dropped -34.16% vs AWYIX's -35.79%.
AWYIX currently has the higher Sharpe Ratio (0.70 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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