MRLIX vs. TMDIX
MRLIX (AMG Renaissance Large Cap Growth Fund) and TMDIX (AMG TimesSquare Mid Cap Growth Fund) are both mutual funds - MRLIX is a Large Cap Growth Equities fund managed by AMG, while TMDIX is a Mid Cap Growth Equities fund managed by AMG. Over the past 10 years, MRLIX returned 12.86%/yr vs 13.15%/yr for TMDIX. Their correlation of 0.92 suggests significant overlap in exposure. MRLIX charges 0.66%/yr vs 0.98%/yr for TMDIX.
Performance
MRLIX vs. TMDIX - Performance Comparison
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Returns By Period
In the year-to-date period, MRLIX achieves a 4.52% return, which is significantly lower than TMDIX's 7.57% return. Both investments have delivered pretty close results over the past 10 years, with MRLIX having a 12.86% annualized return and TMDIX not far ahead at 13.15%.
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%
TMDIX
- 1D
- -0.88%
- 1M
- 3.14%
- 6M
- 4.09%
- YTD
- 7.57%
- 1Y
- -2.17%
- 3Y*
- 8.14%
- 5Y*
- 3.64%
- 10Y*
- 13.15%
MRLIX vs. TMDIX - 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% |
TMDIX AMG TimesSquare Mid Cap Growth Fund | 7.57% | -1.76% | 10.84% | 25.07% | -22.26% | 16.75% | 33.42% | 63.26% | -4.28% | 22.66% |
Correlation
The correlation between MRLIX and TMDIX is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2009 | 0.92 |
The correlation between MRLIX and TMDIX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.
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Return for Risk
MRLIX vs. TMDIX — Risk / Return Rank
MRLIX
TMDIX
MRLIX vs. TMDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG Renaissance Large Cap Growth Fund (MRLIX) and AMG TimesSquare Mid Cap Growth Fund (TMDIX). 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 | TMDIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.99 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | -0.12 | -0.13 |
| Martin ratioReturn relative to average drawdown | -0.49 | -0.25 | -0.25 |
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Drawdowns
MRLIX vs. TMDIX - Drawdown Comparison
The maximum MRLIX drawdown since its inception was -34.16%, smaller than the maximum TMDIX drawdown of -48.73%. Use the drawdown chart below to compare losses from any high point for MRLIX and TMDIX.
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Drawdown Indicators
| MRLIX | TMDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.16% | -48.73% | +14.57% |
Max Drawdown (1Y)Largest decline over 1 year | -23.75% | -25.45% | +1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -27.51% | -25.45% | -2.06% |
Max Drawdown (5Y)Largest decline over 5 years | -27.51% | -30.53% | +3.02% |
Max Drawdown (10Y)Largest decline over 10 years | -34.16% | -35.44% | +1.28% |
Current DrawdownCurrent decline from peak | -14.27% | -9.93% | -4.34% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -7.17% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.17% | 12.64% | -0.47% |
Volatility
MRLIX vs. TMDIX - Volatility Comparison
The current volatility for AMG Renaissance Large Cap Growth Fund (MRLIX) is 5.05%, while AMG TimesSquare Mid Cap Growth Fund (TMDIX) has a volatility of 5.94%. This indicates that MRLIX experiences smaller price fluctuations and is considered to be less risky than TMDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MRLIX | TMDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 5.94% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 11.78% | 13.76% | -1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.71% | 20.41% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.01% | 20.55% | -1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.69% | 21.08% | -1.39% |
MRLIX vs. TMDIX - Expense Ratio Comparison
MRLIX has a 0.66% expense ratio, which is lower than TMDIX's 0.98% expense ratio.
Dividends
MRLIX vs. TMDIX - Dividend Comparison
Neither MRLIX nor TMDIX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TMDIX AMG TimesSquare Mid Cap Growth Fund | 0.00% | 0.00% | 8.08% | 3.98% | 3.69% | 29.72% | 18.28% | 31.06% | 16.38% | 14.44% | 5.90% | 7.73% |
Frequently Asked Questions
MRLIX and TMDIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMDIX has higher volatility (5.94%) compared to MRLIX (5.05%). In terms of maximum drawdown, MRLIX dropped -34.16% vs TMDIX's -48.73%.
TMDIX currently has the higher Sharpe Ratio (-0.15 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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