TMDIX vs. FDGFX
TMDIX (AMG TimesSquare Mid Cap Growth Fund) and FDGFX (Fidelity Dividend Growth Fund) are both mutual funds - TMDIX is a Mid Cap Growth Equities fund managed by AMG, while FDGFX is a Large Cap Blend Equities fund actively managed by Fidelity. Over the past 10 years, TMDIX returned 12.70%/yr vs 13.72%/yr for FDGFX. Their correlation of 0.86 means they have usually moved in the same direction. TMDIX charges 0.98%/yr vs 0.48%/yr for FDGFX.
Performance
TMDIX vs. FDGFX - 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 FDGFX's 15.73% return. Over the past 10 years, TMDIX has underperformed FDGFX with an annualized return of 12.70%, while FDGFX has yielded a comparatively higher 13.72% 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%
FDGFX
- 1D
- 2.02%
- 1M
- 0.21%
- 6M
- 10.28%
- YTD
- 15.73%
- 1Y
- 29.17%
- 3Y*
- 24.08%
- 5Y*
- 15.23%
- 10Y*
- 13.72%
- ALL TIME*
- 10.45%
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. FDGFX - 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% |
FDGFX Fidelity Dividend Growth Fund | 15.73% | 22.48% | 27.58% | 17.86% | -11.61% | 27.96% | 2.20% | 28.75% | -7.23% | 18.05% |
Correlation
The correlation between TMDIX and FDGFX is 0.79, 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. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2005 | 0.86 |
The correlation between TMDIX and FDGFX has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.
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Return for Risk
TMDIX vs. FDGFX — Risk / Return Rank
TMDIX
FDGFX
TMDIX vs. FDGFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG TimesSquare Mid Cap Growth Fund (TMDIX) and Fidelity Dividend Growth Fund (FDGFX). 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 | FDGFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.86 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.32 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 2.69 | -3.00 |
| Martin ratioReturn relative to average drawdown | -0.61 | 11.15 | -11.76 |
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Drawdowns
TMDIX vs. FDGFX - Drawdown Comparison
The maximum TMDIX drawdown since its inception was -48.73%, smaller than the maximum FDGFX drawdown of -60.77%. Use the drawdown chart below to compare losses from any high point for TMDIX and FDGFX.
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Drawdown Indicators
| TMDIX | FDGFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.73% | -60.77% | +12.04% |
Max Drawdown (1Y)Largest decline over 1 year | -25.45% | -10.16% | -15.29% |
Max Drawdown (3Y)Largest decline over 3 years | -25.45% | -21.37% | -4.08% |
Max Drawdown (5Y)Largest decline over 5 years | -30.53% | -21.37% | -9.16% |
Max Drawdown (10Y)Largest decline over 10 years | -35.44% | -41.29% | +5.85% |
Current DrawdownCurrent decline from peak | -12.48% | -2.36% | -10.12% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -7.50% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.95% | 2.44% | +10.51% |
Volatility
TMDIX vs. FDGFX - Volatility Comparison
AMG TimesSquare Mid Cap Growth Fund (TMDIX) has a higher volatility of 4.81% compared to Fidelity Dividend Growth Fund (FDGFX) at 4.07%. This indicates that TMDIX's price experiences larger fluctuations and is considered to be riskier than FDGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMDIX | FDGFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 4.07% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 12.23% | +1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.64% | 15.04% | +5.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.59% | 16.79% | +3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.11% | 19.27% | +1.84% |
TMDIX vs. FDGFX - Expense Ratio Comparison
TMDIX has a 0.98% expense ratio, which is higher than FDGFX's 0.48% expense ratio.
Dividends
TMDIX vs. FDGFX - Dividend Comparison
TMDIX has not paid dividends to shareholders, while FDGFX's dividend yield for the trailing twelve months is around 8.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDGFX Fidelity Dividend Growth Fund | 8.41% | 9.35% | 9.81% | 3.48% | 11.46% | 7.81% | 1.89% | 4.84% | 22.93% | 15.35% | 1.58% | 8.44% |
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 FDGFX have a correlation of 0.79, 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 FDGFX (4.07%). In terms of maximum drawdown, TMDIX dropped -48.73% vs FDGFX's -60.77%.
FDGFX currently has the higher Sharpe Ratio (1.81 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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