TMDIX vs. ARDEX
TMDIX (AMG TimesSquare Mid Cap Growth Fund) and ARDEX (AMG River Road Dividend All Cap Value Fund) are both mutual funds - TMDIX is a Mid Cap Growth Equities fund managed by AMG, while ARDEX is a Large Cap Value Equities fund managed by AMG. Over the past 10 years, TMDIX returned 12.70%/yr vs 4.13%/yr for ARDEX. Their correlation of 0.80 means they have usually moved in the same direction. TMDIX charges 0.98%/yr vs 0.97%/yr for ARDEX.
Performance
TMDIX vs. ARDEX - Performance Comparison
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Returns By Period
In the year-to-date period, TMDIX achieves a 4.53% return, which is significantly lower than ARDEX's 13.34% return. Over the past 10 years, TMDIX has outperformed ARDEX with an annualized return of 12.70%, while ARDEX has yielded a comparatively lower 4.13% annualized return.
TMDIX
- 1D
- 2.45%
- 1M
- -3.41%
- 6M
- 5.22%
- YTD
- 4.53%
- 1Y
- -6.10%
- 3Y*
- 6.58%
- 5Y*
- 2.93%
- 10Y*
- 12.70%
- ALL TIME*
- 10.91%
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 |
TMDIX vs. ARDEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TMDIX AMG TimesSquare Mid Cap Growth Fund | 4.53% | -1.76% | 10.84% | 25.07% | -22.26% | 16.75% | 33.42% | 63.26% | -4.28% | 22.66% |
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 TMDIX 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. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2005 | 0.80 |
Over the past year, the correlation between TMDIX and ARDEX has dropped to 0.47 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
TMDIX vs. ARDEX — Risk / Return Rank
TMDIX
ARDEX
TMDIX vs. ARDEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG TimesSquare Mid Cap Growth Fund (TMDIX) 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.
| TMDIX | ARDEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.95 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | -0.31 | 0.00 |
| Martin ratioReturn relative to average drawdown | -0.61 | -0.55 | -0.06 |
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Drawdowns
TMDIX vs. ARDEX - Drawdown Comparison
The maximum TMDIX drawdown since its inception was -48.73%, smaller than the maximum ARDEX drawdown of -52.16%. Use the drawdown chart below to compare losses from any high point for TMDIX and ARDEX.
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Drawdown Indicators
| TMDIX | ARDEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.73% | -52.16% | +3.43% |
Max Drawdown (1Y)Largest decline over 1 year | -25.45% | -20.51% | -4.94% |
Max Drawdown (3Y)Largest decline over 3 years | -25.45% | -52.16% | +26.71% |
Max Drawdown (5Y)Largest decline over 5 years | -30.53% | -52.16% | +21.63% |
Max Drawdown (10Y)Largest decline over 10 years | -35.44% | -52.16% | +16.72% |
Current DrawdownCurrent decline from peak | -12.48% | -45.57% | +33.09% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -10.74% | +3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.95% | 11.47% | +1.48% |
Volatility
TMDIX vs. ARDEX - Volatility Comparison
AMG TimesSquare Mid Cap Growth Fund (TMDIX) has a higher volatility of 4.81% compared to AMG River Road Dividend All Cap Value Fund (ARDEX) at 3.04%. This indicates that TMDIX'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
| TMDIX | ARDEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 3.04% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 6.78% | +7.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.64% | 22.41% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.59% | 41.85% | -21.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.11% | 32.38% | -11.27% |
TMDIX vs. ARDEX - Expense Ratio Comparison
TMDIX has a 0.98% expense ratio, which is higher than ARDEX's 0.97% expense ratio.
Dividends
TMDIX vs. ARDEX - Dividend Comparison
TMDIX 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% |
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
TMDIX 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.
TMDIX has higher volatility (4.81%) compared to ARDEX (3.04%). In terms of maximum drawdown, TMDIX dropped -48.73% vs ARDEX's -52.16%.
ARDEX currently has the higher Sharpe Ratio (-0.28 vs -0.39), 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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