FMGIX vs. MGIFX

Last updated Jun 24, 2026

FMGIX (Frontier MFG Core Infrastructure Fund) and MGIFX (Mondrian Global Listed Infrastructure Fund) are both Energy Equities funds. Their correlation of 0.86 suggests significant overlap in exposure. FMGIX charges 0.50%/yr vs 0.95%/yr for MGIFX.

Performance

FMGIX vs. MGIFX - Performance Comparison

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

Returns By Period

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%

MGIFX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FMGIX vs. MGIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FMGIX Frontier MFG Core Infrastructure Fund	8.76%	22.67%	34.26%	4.86%	-9.46%	13.84%	-1.36%	28.00%	0.14%
MGIFX Mondrian Global Listed Infrastructure Fund	13.34%	28.20%	-0.47%	7.88%	-3.61%	11.74%	-0.69%	31.06%	0.00%

Correlation

The correlation between FMGIX and MGIFX is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Dec 31, 2018	0.86

The correlation between FMGIX and MGIFX has been stable across timeframes, ranging from 0.77 to 0.86 - a consistent structural relationship.

Return for Risk

FMGIX vs. MGIFX — 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

MGIFX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. MGIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Frontier MFG Core Infrastructure Fund (FMGIX) and Mondrian Global Listed Infrastructure Fund (MGIFX). 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	MGIFX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	—	—
Sortino ratio: Return per unit of downside risk	2.09	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.29	—	—
Martin ratio: Return relative to average drawdown	6.80	—	—

Drawdowns

Drawdown Indicators

	FMGIX	MGIFX	Difference
Max Drawdown Largest peak-to-trough decline	-57.57%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.11%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.61%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-57.57%	—	—
Current Drawdown Current decline from peak	-3.43%	—	—
Average Drawdown Average peak-to-trough decline	-5.33%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	—	—

Volatility

Volatility by Period

	FMGIX	MGIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.51%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.53%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.60%	—	—

FMGIX vs. MGIFX - Expense Ratio Comparison

FMGIX has a 0.50% expense ratio, which is lower than MGIFX's 0.95% expense ratio.

Dividends

FMGIX vs. MGIFX - Dividend Comparison

FMGIX's dividend yield for the trailing twelve months is around 30.92%, less than MGIFX's 49.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
MGIFX Mondrian Global Listed Infrastructure Fund	49.24%	7.56%	3.17%	5.41%	8.60%	7.13%	6.18%	6.74%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FMGIX and MGIFX in my portfolio?

FMGIX and MGIFX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.