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 2.93%/yr vs 6.10%/yr for MRESX. Their 0.50 correlation means they have sometimes moved together and sometimes differently. 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 4.53% return, which is significantly lower than MRESX's 19.16% 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%
MRESX
- 1D
- -1.41%
- 1M
- 1.60%
- 6M
- 16.08%
- YTD
- 19.16%
- 1Y
- 20.05%
- 3Y*
- 10.88%
- 5Y*
- 6.10%
- 10Y*
- —
- ALL TIME*
- 8.08%
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. MRESX - 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% | 15.76% |
MRESX Cromwell CenterSquare Real Estate Fund | 19.16% | 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 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2017 | 0.50 |
Over the past year, the correlation between TMDIX and MRESX has dropped to 0.17 - well below their long-term average of 0.50, 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 | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.25 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 2.50 | -2.81 |
| Martin ratioReturn relative to average drawdown | -0.61 | 7.82 | -8.43 |
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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% | -17.13% | -8.32% |
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 | -12.48% | -1.99% | -10.49% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -9.37% | +2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.95% | 2.61% | +10.34% |
Volatility
TMDIX vs. MRESX - Volatility Comparison
AMG TimesSquare Mid Cap Growth Fund (TMDIX) has a higher volatility of 4.81% compared to Cromwell CenterSquare Real Estate Fund (MRESX) at 4.52%. 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 | 4.81% | 4.52% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 11.14% | +2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.64% | 14.37% | +6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.59% | 20.70% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.11% | 21.97% | -0.86% |
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 1.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRESX Cromwell CenterSquare Real Estate Fund | 1.35% | 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 0.17, 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 MRESX (4.52%). In terms of maximum drawdown, TMDIX dropped -48.73% vs MRESX's -40.84%.
MRESX currently has the higher Sharpe Ratio (1.38 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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