TMDIX vs. BEXIX
TMDIX (AMG TimesSquare Mid Cap Growth Fund) and BEXIX (Baron Emerging Markets Fund) are both mutual funds - TMDIX is a Mid Cap Growth Equities fund managed by AMG, while BEXIX is a Emerging Markets Equities fund managed by Baron Capital. Over the past 10 years, TMDIX returned 12.70%/yr vs 6.94%/yr for BEXIX. Their 0.62 correlation means they have sometimes moved together and sometimes differently. TMDIX charges 0.98%/yr vs 1.12%/yr for BEXIX.
Performance
TMDIX vs. BEXIX - 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 BEXIX's 10.61% return. Over the past 10 years, TMDIX has outperformed BEXIX with an annualized return of 12.70%, while BEXIX has yielded a comparatively lower 6.94% 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%
BEXIX
- 1D
- 3.47%
- 1M
- -3.56%
- 6M
- 3.83%
- YTD
- 10.61%
- 1Y
- 23.93%
- 3Y*
- 14.52%
- 5Y*
- 3.50%
- 10Y*
- 6.94%
- ALL TIME*
- 5.65%
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. BEXIX - 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% |
BEXIX Baron Emerging Markets Fund | 10.61% | 30.11% | 7.91% | 8.29% | -25.82% | -6.06% | 29.71% | 18.85% | -18.48% | 40.63% |
Correlation
The correlation between TMDIX and BEXIX is 0.64, 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. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011 | 0.62 |
The correlation between TMDIX and BEXIX has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.
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Return for Risk
TMDIX vs. BEXIX — Risk / Return Rank
TMDIX
BEXIX
TMDIX vs. BEXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG TimesSquare Mid Cap Growth Fund (TMDIX) and Baron Emerging Markets Fund (BEXIX). 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 | BEXIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.19 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 1.65 | -1.96 |
| Martin ratioReturn relative to average drawdown | -0.61 | 4.67 | -5.28 |
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Drawdowns
TMDIX vs. BEXIX - Drawdown Comparison
The maximum TMDIX drawdown since its inception was -48.73%, which is greater than BEXIX's maximum drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for TMDIX and BEXIX.
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Drawdown Indicators
| TMDIX | BEXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.73% | -45.58% | -3.15% |
Max Drawdown (1Y)Largest decline over 1 year | -25.45% | -13.60% | -11.85% |
Max Drawdown (3Y)Largest decline over 3 years | -25.45% | -16.63% | -8.82% |
Max Drawdown (5Y)Largest decline over 5 years | -30.53% | -40.16% | +9.63% |
Max Drawdown (10Y)Largest decline over 10 years | -35.44% | -45.58% | +10.14% |
Current DrawdownCurrent decline from peak | -12.48% | -10.60% | -1.88% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -13.70% | +6.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.95% | 4.79% | +8.16% |
Volatility
TMDIX vs. BEXIX - Volatility Comparison
The current volatility for AMG TimesSquare Mid Cap Growth Fund (TMDIX) is 4.81%, while Baron Emerging Markets Fund (BEXIX) has a volatility of 9.47%. This indicates that TMDIX experiences smaller price fluctuations and is considered to be less risky than BEXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMDIX | BEXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 9.47% | -4.66% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 21.40% | -7.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.64% | 23.91% | -3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.59% | 18.52% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.11% | 18.48% | +2.63% |
TMDIX vs. BEXIX - Expense Ratio Comparison
TMDIX has a 0.98% expense ratio, which is lower than BEXIX's 1.12% expense ratio.
Dividends
TMDIX vs. BEXIX - Dividend Comparison
TMDIX has not paid dividends to shareholders, while BEXIX's dividend yield for the trailing twelve months is around 1.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEXIX Baron Emerging Markets Fund | 1.85% | 2.04% | 0.81% | 0.69% | 0.00% | 1.88% | 0.35% | 0.46% | 0.49% | 0.45% | 0.76% | 0.39% |
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 BEXIX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEXIX has higher volatility (9.47%) compared to TMDIX (4.81%). In terms of maximum drawdown, TMDIX dropped -48.73% vs BEXIX's -45.58%.
BEXIX currently has the higher Sharpe Ratio (0.94 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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