TMDIX vs. ARSMX
TMDIX (AMG TimesSquare Mid Cap Growth Fund) and ARSMX (AMG River Road Small-Mid Cap Value Fund) are both mutual funds - TMDIX is a Mid Cap Growth Equities fund managed by AMG, while ARSMX is a Small Cap Value Equities fund managed by AMG. Over the past 10 years, TMDIX returned 12.70%/yr vs 10.18%/yr for ARSMX. Their correlation of 0.82 means they have usually moved in the same direction. TMDIX charges 0.98%/yr vs 1.27%/yr for ARSMX.
Performance
TMDIX vs. ARSMX - 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 ARSMX's 10.49% return. Over the past 10 years, TMDIX has outperformed ARSMX with an annualized return of 12.70%, while ARSMX has yielded a comparatively lower 10.18% 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%
ARSMX
- 1D
- -1.31%
- 1M
- 2.53%
- 6M
- 8.11%
- YTD
- 10.49%
- 1Y
- 9.57%
- 3Y*
- 9.29%
- 5Y*
- 6.50%
- 10Y*
- 10.18%
- ALL TIME*
- 7.70%
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. ARSMX - 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% |
ARSMX AMG River Road Small-Mid Cap Value Fund | 10.49% | -0.83% | 12.42% | 14.48% | -8.62% | 23.41% | 1.71% | 34.82% | -6.44% | 15.26% |
Correlation
The correlation between TMDIX and ARSMX is 0.56, 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. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2007 | 0.82 |
Over the past year, the correlation between TMDIX and ARSMX has dropped to 0.56 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
TMDIX vs. ARSMX — Risk / Return Rank
TMDIX
ARSMX
TMDIX vs. ARSMX - 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 Small-Mid Cap Value Fund (ARSMX). 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 | ARSMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.10 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 0.71 | -1.02 |
| Martin ratioReturn relative to average drawdown | -0.61 | 1.64 | -2.25 |
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Drawdowns
TMDIX vs. ARSMX - Drawdown Comparison
The maximum TMDIX drawdown since its inception was -48.73%, smaller than the maximum ARSMX drawdown of -51.75%. Use the drawdown chart below to compare losses from any high point for TMDIX and ARSMX.
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Drawdown Indicators
| TMDIX | ARSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.73% | -51.75% | +3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -25.45% | -10.37% | -15.08% |
Max Drawdown (3Y)Largest decline over 3 years | -25.45% | -19.34% | -6.11% |
Max Drawdown (5Y)Largest decline over 5 years | -30.53% | -19.34% | -11.19% |
Max Drawdown (10Y)Largest decline over 10 years | -35.44% | -42.96% | +7.52% |
Current DrawdownCurrent decline from peak | -12.48% | -1.59% | -10.89% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -8.06% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.95% | 4.47% | +8.48% |
Volatility
TMDIX vs. ARSMX - Volatility Comparison
AMG TimesSquare Mid Cap Growth Fund (TMDIX) has a higher volatility of 4.81% compared to AMG River Road Small-Mid Cap Value Fund (ARSMX) at 4.05%. This indicates that TMDIX's price experiences larger fluctuations and is considered to be riskier than ARSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMDIX | ARSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 4.05% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 9.15% | +4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.64% | 14.41% | +6.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.59% | 17.71% | +2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.11% | 19.51% | +1.60% |
TMDIX vs. ARSMX - Expense Ratio Comparison
TMDIX has a 0.98% expense ratio, which is lower than ARSMX's 1.27% expense ratio.
Dividends
TMDIX vs. ARSMX - Dividend Comparison
Neither TMDIX nor ARSMX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARSMX AMG River Road Small-Mid Cap Value Fund | 0.00% | 0.00% | 9.27% | 3.89% | 4.85% | 5.86% | 0.00% | 3.60% | 8.60% | 15.66% | 8.03% | 17.82% |
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 ARSMX have a correlation of 0.56, 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 ARSMX (4.05%). In terms of maximum drawdown, TMDIX dropped -48.73% vs ARSMX's -51.75%.
ARSMX currently has the higher Sharpe Ratio (0.51 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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