TMDIX vs. MRESX
TMDIX (AMG TimesSquare Mid Cap Growth Fund) and MRESX (Cromwell CenterSquare Real Estate Fund) are both mutual funds - TMDIX is a Mid Cap Growth Equities fund managed by AMG, while MRESX is a REIT fund managed by AMG. Over the past 5 years, TMDIX returned 3.64%/yr vs 5.93%/yr for MRESX. A 0.51 correlation means they provide meaningful diversification when combined. TMDIX charges 0.98%/yr vs 1.02%/yr for MRESX.
Performance
TMDIX vs. MRESX - Performance Comparison
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Returns By Period
In the year-to-date period, TMDIX achieves a 7.57% return, which is significantly lower than MRESX's 16.56% return.
TMDIX
- 1D
- -0.88%
- 1M
- 3.14%
- 6M
- 4.09%
- YTD
- 7.57%
- 1Y
- -2.17%
- 3Y*
- 8.14%
- 5Y*
- 3.64%
- 10Y*
- 13.15%
MRESX
- 1D
- 0.39%
- 1M
- -0.38%
- 6M
- 15.34%
- YTD
- 16.56%
- 1Y
- 15.79%
- 3Y*
- 10.07%
- 5Y*
- 5.93%
- 10Y*
- —
TMDIX vs. MRESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TMDIX AMG TimesSquare Mid Cap Growth Fund | 7.57% | -1.76% | 10.84% | 25.07% | -22.26% | 16.75% | 33.42% | 63.26% | -4.28% | 15.76% |
MRESX Cromwell CenterSquare Real Estate Fund | 16.56% | 0.87% | 7.09% | 11.77% | -24.59% | 57.10% | -2.46% | 28.85% | -5.41% | 2.66% |
Correlation
The correlation between TMDIX and MRESX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2017 | 0.51 |
Over the past year, the correlation between TMDIX and MRESX has dropped to 0.20 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
TMDIX vs. MRESX — Risk / Return Rank
TMDIX
MRESX
TMDIX vs. MRESX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG TimesSquare Mid Cap Growth Fund (TMDIX) and Cromwell CenterSquare Real Estate Fund (MRESX). 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 | MRESX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.21 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 2.20 | -2.32 |
| Martin ratioReturn relative to average drawdown | -0.25 | 6.40 | -6.64 |
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Drawdowns
TMDIX vs. MRESX - Drawdown Comparison
The maximum TMDIX drawdown since its inception was -48.73%, which is greater than MRESX's maximum drawdown of -40.84%. Use the drawdown chart below to compare losses from any high point for TMDIX and MRESX.
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Drawdown Indicators
| TMDIX | MRESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.73% | -40.84% | -7.89% |
Max Drawdown (1Y)Largest decline over 1 year | -25.45% | -7.92% | -17.53% |
Max Drawdown (3Y)Largest decline over 3 years | -25.45% | -17.29% | -8.16% |
Max Drawdown (5Y)Largest decline over 5 years | -30.53% | -32.98% | +2.45% |
Max Drawdown (10Y)Largest decline over 10 years | -35.44% | — | — |
Current DrawdownCurrent decline from peak | -9.93% | -1.66% | -8.27% |
Average DrawdownAverage peak-to-trough decline | -7.17% | -9.43% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.64% | 2.64% | +10.00% |
Volatility
TMDIX vs. MRESX - Volatility Comparison
AMG TimesSquare Mid Cap Growth Fund (TMDIX) has a higher volatility of 5.94% compared to Cromwell CenterSquare Real Estate Fund (MRESX) at 4.81%. This indicates that TMDIX's price experiences larger fluctuations and is considered to be riskier than MRESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMDIX | MRESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.94% | 4.81% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 13.76% | 10.98% | +2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.41% | 14.42% | +5.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.55% | 20.70% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.08% | 22.00% | -0.92% |
TMDIX vs. MRESX - Expense Ratio Comparison
TMDIX has a 0.98% expense ratio, which is lower than MRESX's 1.02% expense ratio.
Dividends
TMDIX vs. MRESX - Dividend Comparison
TMDIX has not paid dividends to shareholders, while MRESX's dividend yield for the trailing twelve months is around 1.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRESX Cromwell CenterSquare Real Estate Fund | 1.38% | 1.49% | 2.40% | 2.01% | 6.49% | 14.54% | 2.19% | 10.71% | 3.24% | 10.34% | 0.00% | 0.00% |
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 MRESX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMDIX has higher volatility (5.94%) compared to MRESX (4.81%). In terms of maximum drawdown, TMDIX dropped -48.73% vs MRESX's -40.84%.
MRESX currently has the higher Sharpe Ratio (1.21 vs -0.15), 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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