MSSCX vs. ARDEX
MSSCX (AMG Frontier Small Cap Growth Fund) and ARDEX (AMG River Road Dividend All Cap Value Fund) are both mutual funds - MSSCX is a Small Cap Growth Equities fund managed by AMG, while ARDEX is a Large Cap Value Equities fund managed by AMG. Over the past 10 years, MSSCX returned 15.03%/yr vs 4.13%/yr for ARDEX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. MSSCX charges 0.94%/yr vs 0.97%/yr for ARDEX.
Performance
MSSCX vs. ARDEX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MSSCX having a 13.97% return and ARDEX slightly lower at 13.34%. Over the past 10 years, MSSCX has outperformed ARDEX with an annualized return of 15.03%, while ARDEX has yielded a comparatively lower 4.13% annualized return.
MSSCX
- 1D
- 1.89%
- 1M
- -7.16%
- 6M
- 8.02%
- YTD
- 13.97%
- 1Y
- 25.96%
- 3Y*
- 9.97%
- 5Y*
- 6.08%
- 10Y*
- 15.03%
- ALL TIME*
- 8.78%
ARDEX
- 1D
- -0.54%
- 1M
- 0.00%
- 6M
- 8.37%
- YTD
- 13.34%
- 1Y
- -4.92%
- 3Y*
- 4.58%
- 5Y*
- 0.07%
- 10Y*
- 4.13%
- ALL TIME*
- 6.17%
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 |
MSSCX vs. ARDEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSSCX AMG Frontier Small Cap Growth Fund | 13.97% | 7.63% | 10.88% | 23.41% | -21.47% | 16.33% | 39.13% | 46.03% | 2.22% | 21.23% |
ARDEX AMG River Road Dividend All Cap Value Fund | 13.34% | -14.13% | 16.20% | 2.04% | -3.64% | 4.16% | -2.18% | 23.20% | -7.61% | 8.78% |
Correlation
The correlation between MSSCX and ARDEX is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2005 | 0.78 |
Over the past year, the correlation between MSSCX and ARDEX has dropped to 0.47 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
MSSCX vs. ARDEX — Risk / Return Rank
MSSCX
ARDEX
MSSCX vs. ARDEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG Frontier Small Cap Growth Fund (MSSCX) and AMG River Road Dividend All Cap Value Fund (ARDEX). 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.
| MSSCX | ARDEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.95 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | -0.31 | +2.27 |
| Martin ratioReturn relative to average drawdown | 5.48 | -0.55 | +6.03 |
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Drawdowns
MSSCX vs. ARDEX - Drawdown Comparison
The maximum MSSCX drawdown since its inception was -78.46%, which is greater than ARDEX's maximum drawdown of -52.16%. Use the drawdown chart below to compare losses from any high point for MSSCX and ARDEX.
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Drawdown Indicators
| MSSCX | ARDEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.46% | -52.16% | -26.30% |
Max Drawdown (1Y)Largest decline over 1 year | -11.25% | -20.51% | +9.26% |
Max Drawdown (3Y)Largest decline over 3 years | -33.02% | -52.16% | +19.14% |
Max Drawdown (5Y)Largest decline over 5 years | -33.02% | -52.16% | +19.14% |
Max Drawdown (10Y)Largest decline over 10 years | -46.70% | -52.16% | +5.46% |
Current DrawdownCurrent decline from peak | -9.57% | -45.57% | +36.00% |
Average DrawdownAverage peak-to-trough decline | -28.07% | -10.74% | -17.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 11.47% | -7.46% |
Volatility
MSSCX vs. ARDEX - Volatility Comparison
AMG Frontier Small Cap Growth Fund (MSSCX) has a higher volatility of 6.49% compared to AMG River Road Dividend All Cap Value Fund (ARDEX) at 3.04%. This indicates that MSSCX's price experiences larger fluctuations and is considered to be riskier than ARDEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSSCX | ARDEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.49% | 3.04% | +3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 19.25% | 6.78% | +12.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.51% | 22.41% | +4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.52% | 41.85% | -15.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.54% | 32.38% | -5.84% |
MSSCX vs. ARDEX - Expense Ratio Comparison
MSSCX has a 0.94% expense ratio, which is lower than ARDEX's 0.97% expense ratio.
Dividends
MSSCX vs. ARDEX - Dividend Comparison
MSSCX has not paid dividends to shareholders, while ARDEX's dividend yield for the trailing twelve months is around 3.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARDEX AMG River Road Dividend All Cap Value Fund | 3.79% | 5.85% | 79.78% | 4.42% | 14.36% | 5.37% | 2.12% | 8.71% | 9.10% | 6.83% | 9.31% | 11.69% |
MSSCX AMG Frontier Small Cap Growth Fund | 0.00% | 0.00% | 9.23% | 1.14% | 0.00% | 43.52% | 3.34% | 17.24% | 59.21% | 27.92% | 0.43% | 28.21% |
Frequently Asked Questions
MSSCX and ARDEX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSSCX has higher volatility (6.49%) compared to ARDEX (3.04%). In terms of maximum drawdown, MSSCX dropped -78.46% vs ARDEX's -52.16%.
MSSCX currently has the higher Sharpe Ratio (0.83 vs -0.28), 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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