MRLIX vs. MBDFX
MRLIX (AMG Renaissance Large Cap Growth Fund) and MBDFX (AMG GW&K Core Bond ESG Fund) are both mutual funds - MRLIX is a Large Cap Growth Equities fund managed by AMG, while MBDFX is a Intermediate Core Bond fund managed by AMG. Over the past 10 years, MRLIX returned 12.86%/yr vs 1.10%/yr for MBDFX. At a correlation of -0.08, they often move in opposite directions. MRLIX charges 0.66%/yr vs 0.56%/yr for MBDFX.
Performance
MRLIX vs. MBDFX - Performance Comparison
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Returns By Period
In the year-to-date period, MRLIX achieves a 4.52% return, which is significantly higher than MBDFX's -0.29% return. Over the past 10 years, MRLIX has outperformed MBDFX with an annualized return of 12.86%, while MBDFX has yielded a comparatively lower 1.10% annualized return.
MRLIX
- 1D
- 0.28%
- 1M
- 2.18%
- 6M
- 2.00%
- YTD
- 4.52%
- 1Y
- -5.27%
- 3Y*
- 6.18%
- 5Y*
- 5.10%
- 10Y*
- 12.86%
MBDFX
- 1D
- 0.00%
- 1M
- -0.24%
- 6M
- -0.62%
- YTD
- -0.29%
- 1Y
- 3.63%
- 3Y*
- 4.10%
- 5Y*
- -0.75%
- 10Y*
- 1.10%
MRLIX vs. MBDFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MRLIX AMG Renaissance Large Cap Growth Fund | 4.52% | -4.22% | 9.25% | 25.51% | -16.98% | 30.76% | 23.92% | 47.97% | -6.66% | 22.50% |
MBDFX AMG GW&K Core Bond ESG Fund | -0.29% | 7.29% | 1.24% | 5.73% | -13.85% | -3.34% | 7.33% | 9.70% | -1.11% | 3.88% |
Correlation
The correlation between MRLIX and MBDFX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2009 | -0.08 |
The correlation between MRLIX and MBDFX shifts across timeframes, from -0.08 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MRLIX vs. MBDFX — Risk / Return Rank
MRLIX
MBDFX
MRLIX vs. MBDFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG Renaissance Large Cap Growth Fund (MRLIX) and AMG GW&K Core Bond ESG Fund (MBDFX). 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 | MBDFX | 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 | 0.96 | 1.15 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 0.98 | -1.24 |
| Martin ratioReturn relative to average drawdown | -0.49 | 2.55 | -3.05 |
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Drawdowns
MRLIX vs. MBDFX - Drawdown Comparison
The maximum MRLIX drawdown since its inception was -34.16%, which is greater than MBDFX's maximum drawdown of -20.66%. Use the drawdown chart below to compare losses from any high point for MRLIX and MBDFX.
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Drawdown Indicators
| MRLIX | MBDFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.16% | -20.66% | -13.50% |
Max Drawdown (1Y)Largest decline over 1 year | -23.75% | -3.25% | -20.50% |
Max Drawdown (3Y)Largest decline over 3 years | -27.51% | -6.99% | -20.52% |
Max Drawdown (5Y)Largest decline over 5 years | -27.51% | -20.54% | -6.97% |
Max Drawdown (10Y)Largest decline over 10 years | -34.16% | -20.66% | -13.50% |
Current DrawdownCurrent decline from peak | -14.27% | -4.74% | -9.53% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -3.96% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.17% | 1.25% | +10.92% |
Volatility
MRLIX vs. MBDFX - Volatility Comparison
AMG Renaissance Large Cap Growth Fund (MRLIX) has a higher volatility of 5.05% compared to AMG GW&K Core Bond ESG Fund (MBDFX) at 1.20%. This indicates that MRLIX's price experiences larger fluctuations and is considered to be riskier than MBDFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MRLIX | MBDFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 1.20% | +3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 11.78% | 2.93% | +8.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.71% | 3.84% | +16.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.01% | 6.16% | +12.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.69% | 5.06% | +14.63% |
MRLIX vs. MBDFX - Expense Ratio Comparison
MRLIX has a 0.66% expense ratio, which is higher than MBDFX's 0.56% expense ratio.
Dividends
MRLIX vs. MBDFX - Dividend Comparison
MRLIX has not paid dividends to shareholders, while MBDFX's dividend yield for the trailing twelve months is around 3.51%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBDFX AMG GW&K Core Bond ESG Fund | 3.51% | 3.66% | 3.50% | 2.92% | 2.16% | 2.35% | 1.84% | 2.40% | 2.30% | 2.10% | 2.06% | 4.17% |
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 MBDFX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MRLIX has higher volatility (5.05%) compared to MBDFX (1.20%). In terms of maximum drawdown, MRLIX dropped -34.16% vs MBDFX's -20.66%.
MBDFX currently has the higher Sharpe Ratio (0.83 vs -0.29), 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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