FMGIX vs. BGLYX

Last updated Jun 24, 2026

FMGIX (Frontier MFG Core Infrastructure Fund) and BGLYX (Brookfield Global Listed Infrastructure Fund) are both Energy Equities funds. Over the past 10 years, FMGIX returned 10.30%/yr vs 6.67%/yr for BGLYX. Their correlation of 0.86 suggests significant overlap in exposure. FMGIX charges 0.50%/yr vs 1.00%/yr for BGLYX.

Performance

FMGIX vs. BGLYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Frontier MFG Core Infrastructure Fund (FMGIX) and Brookfield Global Listed Infrastructure Fund (BGLYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMGIX achieves a 8.76% return, which is significantly lower than BGLYX's 9.79% return. Over the past 10 years, FMGIX has outperformed BGLYX with an annualized return of 10.30%, while BGLYX has yielded a comparatively lower 6.67% annualized return.

FMGIX

• 1D: 0.14%
• 1M: -0.50%
• YTD: 8.76%
• 6M: 8.76%
• 1Y: 15.02%
• 3Y*: 22.49%
• 5Y*: 12.56%
• 10Y*: 10.30%

BGLYX

• 1D: 0.32%
• 1M: -1.37%
• YTD: 9.79%
• 6M: 9.66%
• 1Y: 16.01%
• 3Y*: 11.78%
• 5Y*: 7.48%
• 10Y*: 6.67%

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

FMGIX vs. BGLYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FMGIX Frontier MFG Core Infrastructure Fund	8.76%	22.67%	34.26%	4.86%	-9.46%	13.84%	-1.36%	28.00%	-6.62%	20.25%
BGLYX Brookfield Global Listed Infrastructure Fund	9.79%	13.04%	9.01%	3.32%	-5.47%	16.13%	-3.25%	25.44%	-8.06%	10.79%

Correlation

The correlation between FMGIX and BGLYX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jan 18, 2012	0.86

The correlation between FMGIX and BGLYX has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.

Return for Risk

FMGIX vs. BGLYX — Risk / Return Rank

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

FMGIX

FMGIX Risk / Return Rank: 33
FMGIX Sharpe Ratio Rank: 34
FMGIX Sortino Ratio Rank: 29
FMGIX Omega Ratio Rank: 32
FMGIX Calmar Ratio Rank: 40
FMGIX Martin Ratio Rank: 32

BGLYX

BGLYX Risk / Return Rank: 39
BGLYX Sharpe Ratio Rank: 35
BGLYX Sortino Ratio Rank: 33
BGLYX Omega Ratio Rank: 33
BGLYX Calmar Ratio Rank: 54
BGLYX Martin Ratio Rank: 41

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.

FMGIX vs. BGLYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Frontier MFG Core Infrastructure Fund (FMGIX) and Brookfield Global Listed Infrastructure Fund (BGLYX). 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.

	FMGIX	BGLYX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.59	-0.03
Sortino ratio: Return per unit of downside risk	2.09	2.22	-0.12
Omega ratio: Gain probability vs. loss probability	1.28	1.28	-0.01
Calmar ratio: Return relative to maximum drawdown	2.29	2.69	-0.40
Martin ratio: Return relative to average drawdown	6.80	8.22	-1.42

FMGIX vs. BGLYX - Sharpe Ratio Comparison

The current FMGIX Sharpe Ratio is 1.55, which is comparable to the BGLYX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of FMGIX and BGLYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FMGIX vs. BGLYX - Drawdown Comparison

The maximum FMGIX drawdown since its inception was -57.57%, which is greater than BGLYX's maximum drawdown of -36.54%. Use the drawdown chart below to compare losses from any high point for FMGIX and BGLYX.

Drawdown Indicators

	FMGIX	BGLYX	Difference
Max Drawdown Largest peak-to-trough decline	-57.57%	-36.54%	-21.03%
Max Drawdown (1Y) Largest decline over 1 year	-7.11%	-6.32%	-0.79%
Max Drawdown (3Y) Largest decline over 3 years	-20.56%	-14.56%	-6.00%
Max Drawdown (5Y) Largest decline over 5 years	-26.61%	-20.94%	-5.67%
Max Drawdown (10Y) Largest decline over 10 years	-57.57%	-36.54%	-21.03%
Current Drawdown Current decline from peak	-3.43%	-3.45%	+0.02%
Average Drawdown Average peak-to-trough decline	-5.33%	-7.83%	+2.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	2.06%	+0.33%

Volatility

FMGIX vs. BGLYX - Volatility Comparison

Frontier MFG Core Infrastructure Fund (FMGIX) and Brookfield Global Listed Infrastructure Fund (BGLYX) have volatilities of 3.50% and 3.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMGIX	BGLYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	3.63%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	8.66%	8.69%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	10.51%	10.73%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.53%	13.59%	+14.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.60%	15.63%	+36.97%

FMGIX vs. BGLYX - Expense Ratio Comparison

FMGIX has a 0.50% expense ratio, which is lower than BGLYX's 1.00% expense ratio.

Dividends

FMGIX vs. BGLYX - Dividend Comparison

FMGIX's dividend yield for the trailing twelve months is around 30.92%, more than BGLYX's 28.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGLYX Brookfield Global Listed Infrastructure Fund	28.25%	30.30%	1.89%	1.88%	7.34%	4.53%	3.71%	3.94%	4.31%	4.03%	4.09%	4.03%
FMGIX Frontier MFG Core Infrastructure Fund	30.92%	33.65%	48.77%	4.79%	3.98%	2.63%	2.38%	2.63%	3.09%	3.15%	2.83%	2.79%

Frequently Asked Questions

Can I hold both FMGIX and BGLYX in my portfolio?

FMGIX and BGLYX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FMGIX or BGLYX?

BGLYX has higher volatility (3.63%) compared to FMGIX (3.50%). In terms of maximum drawdown, FMGIX dropped -57.57% vs BGLYX's -36.54%.

Which has better risk-adjusted returns?

BGLYX currently has the higher Sharpe Ratio (1.59 vs 1.55), 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.