TMDIX vs. SCHM
TMDIX (AMG TimesSquare Mid Cap Growth Fund) and SCHM (Schwab US Mid-Cap ETF) are both funds - TMDIX is a Mid Cap Growth Equities fund managed by AMG, while SCHM is a Mid Cap Blend Equities fund tracking the Dow Jones US Total Stock Market Mid-Cap. Over the past 10 years, TMDIX returned 12.70%/yr vs 10.84%/yr for SCHM. Their correlation of 0.91 means they have usually moved in the same direction. TMDIX charges 0.98%/yr vs 0.04%/yr for SCHM.
Performance
TMDIX vs. SCHM - 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 SCHM's 16.02% return. Over the past 10 years, TMDIX has outperformed SCHM with an annualized return of 12.70%, while SCHM has yielded a comparatively lower 10.84% 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%
SCHM
- 1D
- -0.26%
- 1M
- -3.53%
- 6M
- 10.34%
- YTD
- 16.02%
- 1Y
- 25.02%
- 3Y*
- 13.82%
- 5Y*
- 7.49%
- 10Y*
- 10.84%
- ALL TIME*
- 11.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $34.02M | $31.86M | $37.33M | |
| $0.00 | $0.00 | $0.00 |
TMDIX vs. SCHM - 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% |
SCHM Schwab US Mid-Cap ETF | 16.02% | 10.17% | 11.98% | 16.69% | -17.07% | 19.36% | 15.26% | 27.48% | -8.77% | 19.60% |
Correlation
The correlation between TMDIX and SCHM is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2011 | 0.91 |
The correlation between TMDIX and SCHM has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
TMDIX vs. SCHM — Risk / Return Rank
TMDIX
SCHM
TMDIX vs. SCHM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG TimesSquare Mid Cap Growth Fund (TMDIX) and Schwab US Mid-Cap ETF (SCHM). 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 | SCHM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.25 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 2.49 | -2.81 |
| Martin ratioReturn relative to average drawdown | -0.61 | 8.79 | -9.40 |
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Drawdowns
TMDIX vs. SCHM - Drawdown Comparison
The maximum TMDIX drawdown since its inception was -48.73%, which is greater than SCHM's maximum drawdown of -42.43%. Use the drawdown chart below to compare losses from any high point for TMDIX and SCHM.
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Drawdown Indicators
| TMDIX | SCHM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.73% | -42.43% | -6.30% |
Max Drawdown (1Y)Largest decline over 1 year | -25.45% | -9.32% | -16.13% |
Max Drawdown (3Y)Largest decline over 3 years | -25.45% | -23.27% | -2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -30.53% | -26.46% | -4.07% |
Max Drawdown (10Y)Largest decline over 10 years | -35.44% | -42.43% | +6.99% |
Current DrawdownCurrent decline from peak | -12.48% | -5.89% | -6.59% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -5.63% | -1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.95% | 2.64% | +10.31% |
Volatility
TMDIX vs. SCHM - Volatility Comparison
AMG TimesSquare Mid Cap Growth Fund (TMDIX) has a higher volatility of 4.81% compared to Schwab US Mid-Cap ETF (SCHM) at 4.50%. This indicates that TMDIX's price experiences larger fluctuations and is considered to be riskier than SCHM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMDIX | SCHM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 4.50% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 13.07% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.64% | 16.71% | +3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.59% | 19.68% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.11% | 20.49% | +0.62% |
TMDIX vs. SCHM - Expense Ratio Comparison
TMDIX has a 0.98% expense ratio, which is higher than SCHM's 0.04% expense ratio.
Dividends
TMDIX vs. SCHM - Dividend Comparison
TMDIX has not paid dividends to shareholders, while SCHM's dividend yield for the trailing twelve months is around 1.27%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHM Schwab US Mid-Cap ETF | 1.27% | 1.46% | 1.43% | 1.50% | 1.67% | 1.13% | 1.31% | 1.48% | 1.56% | 1.27% | 1.51% | 1.54% |
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 SCHM have a correlation of 0.87, 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 SCHM (4.50%). In terms of maximum drawdown, TMDIX dropped -48.73% vs SCHM's -42.43%.
SCHM currently has the higher Sharpe Ratio (1.39 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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