SKSEX vs. ARDEX
SKSEX (AMG GW&K Small Cap Value Fund) and ARDEX (AMG River Road Dividend All Cap Value Fund) are both mutual funds - SKSEX is a Small Cap Blend Equities fund managed by AMG, while ARDEX is a Large Cap Value Equities fund managed by AMG. Over the past 10 years, SKSEX returned 9.64%/yr vs 4.13%/yr for ARDEX. Their correlation of 0.86 means they have usually moved in the same direction. SKSEX charges 1.15%/yr vs 0.97%/yr for ARDEX.
Performance
SKSEX vs. ARDEX - Performance Comparison
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Returns By Period
In the year-to-date period, SKSEX achieves a 23.61% return, which is significantly higher than ARDEX's 13.34% return. Over the past 10 years, SKSEX has outperformed ARDEX with an annualized return of 9.64%, while ARDEX has yielded a comparatively lower 4.13% annualized return.
SKSEX
- 1D
- 0.06%
- 1M
- -0.86%
- 6M
- 16.21%
- YTD
- 23.61%
- 1Y
- 25.69%
- 3Y*
- 11.11%
- 5Y*
- 7.06%
- 10Y*
- 9.64%
- ALL TIME*
- 12.01%
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 |
SKSEX vs. ARDEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SKSEX AMG GW&K Small Cap Value Fund | 23.61% | -4.50% | 10.60% | 17.49% | -15.36% | 33.22% | 3.30% | 38.26% | -18.98% | 8.39% |
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 SKSEX and ARDEX is 0.67, 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. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2005 | 0.86 |
The correlation between SKSEX and ARDEX shifts across timeframes, from 0.67 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SKSEX vs. ARDEX — Risk / Return Rank
SKSEX
ARDEX
SKSEX vs. ARDEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG GW&K Small Cap Value Fund (SKSEX) 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.
| SKSEX | ARDEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.48 | ||
| Sortino ratioReturn per unit of downside risk | +1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.95 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | -0.31 | +2.44 |
| Martin ratioReturn relative to average drawdown | 5.92 | -0.55 | +6.47 |
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Drawdowns
SKSEX vs. ARDEX - Drawdown Comparison
The maximum SKSEX drawdown since its inception was -65.26%, which is greater than ARDEX's maximum drawdown of -52.16%. Use the drawdown chart below to compare losses from any high point for SKSEX and ARDEX.
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Drawdown Indicators
| SKSEX | ARDEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.26% | -52.16% | -13.10% |
Max Drawdown (1Y)Largest decline over 1 year | -10.83% | -20.51% | +9.68% |
Max Drawdown (3Y)Largest decline over 3 years | -26.39% | -52.16% | +25.77% |
Max Drawdown (5Y)Largest decline over 5 years | -26.39% | -52.16% | +25.77% |
Max Drawdown (10Y)Largest decline over 10 years | -49.36% | -52.16% | +2.80% |
Current DrawdownCurrent decline from peak | -2.58% | -45.57% | +42.99% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -10.74% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 11.47% | -7.58% |
Volatility
SKSEX vs. ARDEX - Volatility Comparison
AMG GW&K Small Cap Value Fund (SKSEX) has a higher volatility of 3.24% compared to AMG River Road Dividend All Cap Value Fund (ARDEX) at 3.04%. This indicates that SKSEX'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
| SKSEX | ARDEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.24% | 3.04% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 12.59% | 6.78% | +5.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.36% | 22.41% | -3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.24% | 41.85% | -20.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.38% | 32.38% | -8.00% |
SKSEX vs. ARDEX - Expense Ratio Comparison
SKSEX has a 1.15% expense ratio, which is higher than ARDEX's 0.97% expense ratio.
Dividends
SKSEX vs. ARDEX - Dividend Comparison
SKSEX 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% |
SKSEX AMG GW&K Small Cap Value Fund | 0.00% | 0.00% | 8.62% | 1.51% | 1.69% | 13.94% | 43.15% | 13.91% | 14.98% | 6.75% | 0.02% | 4.98% |
Frequently Asked Questions
SKSEX and ARDEX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKSEX has higher volatility (3.24%) compared to ARDEX (3.04%). In terms of maximum drawdown, SKSEX dropped -65.26% vs ARDEX's -52.16%.
SKSEX currently has the higher Sharpe Ratio (1.19 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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