YACKX vs. TMDIX

Last updated Jun 4, 2026

YACKX (AMG Yacktman Fund) and TMDIX (AMG TimesSquare Mid Cap Growth Fund) are both mutual funds - YACKX is a Large Cap Value Equities fund managed by AMG, while TMDIX is a Mid Cap Growth Equities fund managed by AMG. Over the past 10 years, YACKX returned 12.64%/yr vs 13.10%/yr for TMDIX. A 0.78 correlation means they provide meaningful diversification when combined. YACKX charges 0.71%/yr vs 0.98%/yr for TMDIX.

Performance

YACKX vs. TMDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AMG Yacktman Fund (YACKX) and AMG TimesSquare Mid Cap Growth Fund (TMDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YACKX achieves a 19.98% return, which is significantly higher than TMDIX's 5.07% return. Both investments have delivered pretty close results over the past 10 years, with YACKX having a 12.64% annualized return and TMDIX not far ahead at 13.10%.

YACKX

• 1D: -0.44%
• 1M: 5.67%
• YTD: 19.98%
• 6M: 5.18%
• 1Y: 16.49%
• 3Y*: 15.00%
• 5Y*: 8.95%
• 10Y*: 12.64%

TMDIX

• 1D: 0.80%
• 1M: 5.57%
• YTD: 5.07%
• 6M: -6.97%
• 1Y: -3.03%
• 3Y*: 9.24%
• 5Y*: 4.67%
• 10Y*: 13.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

YACKX vs. TMDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
YACKX AMG Yacktman Fund	19.98%	1.34%	13.15%	15.46%	-7.50%	19.66%	15.25%	27.49%	2.79%	18.25%
TMDIX AMG TimesSquare Mid Cap Growth Fund	5.07%	-1.76%	10.84%	25.07%	-22.26%	16.75%	33.42%	63.26%	-4.28%	22.66%

Correlation

The correlation between YACKX and TMDIX is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Mar 7, 2005	0.78

Over the past year, the correlation between YACKX and TMDIX has dropped to 0.56 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.

Return for Risk

YACKX vs. TMDIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YACKX

YACKX Risk / Return Rank: 13
YACKX Sharpe Ratio Rank: 11
YACKX Sortino Ratio Rank: 8
YACKX Omega Ratio Rank: 27
YACKX Calmar Ratio Rank: 10
YACKX Martin Ratio Rank: 10

TMDIX

TMDIX Risk / Return Rank: 2
TMDIX Sharpe Ratio Rank: 2
TMDIX Sortino Ratio Rank: 2
TMDIX Omega Ratio Rank: 2
TMDIX Calmar Ratio Rank: 2
TMDIX Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YACKX vs. TMDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AMG Yacktman Fund (YACKX) and AMG TimesSquare Mid Cap Growth Fund (TMDIX). 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.

	YACKX	TMDIX	Difference
Sharpe ratio: Return per unit of total volatility	0.86	-0.11	+0.97
Sortino ratio: Return per unit of downside risk	1.00	-0.01	+1.01
Omega ratio: Gain probability vs. loss probability	1.27	1.00	+0.28
Calmar ratio: Return relative to maximum drawdown	1.03	-0.08	+1.11
Martin ratio: Return relative to average drawdown	2.99	-0.17	+3.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YACKX vs. TMDIX - Sharpe Ratio Comparison

The current YACKX Sharpe Ratio is 0.86, which is higher than the TMDIX Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of YACKX and TMDIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	YACKX	TMDIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	-0.11	+0.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.23	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.62	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.54	+0.17

Drawdowns

YACKX vs. TMDIX - Drawdown Comparison

The maximum YACKX drawdown since its inception was -46.65%, roughly equal to the maximum TMDIX drawdown of -48.73%. Use the drawdown chart below to compare losses from any high point for YACKX and TMDIX.

Drawdown Indicators

	YACKX	TMDIX	Difference
Max Drawdown Largest peak-to-trough decline	-46.65%	-48.73%	+2.08%
Max Drawdown (1Y) Largest decline over 1 year	-16.30%	-25.45%	+9.15%
Max Drawdown (3Y) Largest decline over 3 years	-18.30%	-25.45%	+7.15%
Max Drawdown (5Y) Largest decline over 5 years	-19.86%	-30.53%	+10.67%
Max Drawdown (10Y) Largest decline over 10 years	-30.93%	-35.44%	+4.51%
Current Drawdown Current decline from peak	-0.44%	-12.03%	+11.59%
Average Drawdown Average peak-to-trough decline	-5.27%	-7.15%	+1.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.57%	12.08%	-6.51%

Volatility

YACKX vs. TMDIX - Volatility Comparison

AMG Yacktman Fund (YACKX) has a higher volatility of 4.31% compared to AMG TimesSquare Mid Cap Growth Fund (TMDIX) at 3.92%. This indicates that YACKX's price experiences larger fluctuations and is considered to be riskier than TMDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YACKX	TMDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	3.92%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	19.61%	17.14%	+2.47%
Volatility (1Y) Calculated over the trailing 1-year period	19.37%	19.56%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.10%	20.38%	-3.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.15%	21.08%	-4.93%

YACKX vs. TMDIX - Expense Ratio Comparison

YACKX has a 0.71% expense ratio, which is lower than TMDIX's 0.98% expense ratio.

Dividends

YACKX vs. TMDIX - Dividend Comparison

Neither YACKX nor TMDIX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
YACKX AMG Yacktman Fund	0.00%	0.00%	17.32%	4.39%	7.35%	3.72%	10.82%	16.84%	23.06%	10.67%	8.57%	13.66%

Frequently Asked Questions

Can I hold both YACKX and TMDIX in my portfolio?

YACKX and TMDIX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YACKX or TMDIX?

YACKX has higher volatility (4.31%) compared to TMDIX (3.92%). In terms of maximum drawdown, YACKX dropped -46.65% vs TMDIX's -48.73%.

Which has better risk-adjusted returns?

YACKX currently has the higher Sharpe Ratio (0.86 vs -0.11), 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.