GWETX vs. MEQFX
GWETX (AMG GW&K Small Cap Core Fund) and MEQFX (AMG River Road Large Cap Value Select Fund) are both mutual funds - GWETX is a Small Cap Blend Equities fund managed by AMG, while MEQFX is a Large Cap Blend Equities fund managed by AMG. Over the past 10 years, GWETX returned 9.56%/yr vs 10.81%/yr for MEQFX. Their correlation of 0.85 means they have usually moved in the same direction. GWETX charges 1.30%/yr vs 0.64%/yr for MEQFX.
Performance
GWETX vs. MEQFX - Performance Comparison
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Returns By Period
In the year-to-date period, GWETX achieves a 13.54% return, which is significantly higher than MEQFX's 0.15% return. Over the past 10 years, GWETX has underperformed MEQFX with an annualized return of 9.56%, while MEQFX has yielded a comparatively higher 10.81% annualized return.
GWETX
- 1D
- 1.31%
- 1M
- -1.81%
- 6M
- 9.37%
- YTD
- 13.54%
- 1Y
- 16.27%
- 3Y*
- 8.81%
- 5Y*
- 3.56%
- 10Y*
- 9.56%
- ALL TIME*
- 6.87%
MEQFX
- 1D
- -0.46%
- 1M
- 0.51%
- 6M
- 0.15%
- YTD
- 0.15%
- 1Y
- -5.30%
- 3Y*
- 9.22%
- 5Y*
- 9.59%
- 10Y*
- 10.81%
- ALL TIME*
- 6.12%
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 |
GWETX vs. MEQFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GWETX AMG GW&K Small Cap Core Fund | 13.54% | -0.62% | 13.60% | 8.03% | -16.60% | 21.09% | 17.72% | 38.10% | -14.03% | 20.32% |
MEQFX AMG River Road Large Cap Value Select Fund | 0.15% | -2.58% | 24.99% | 19.53% | -9.50% | 43.58% | -4.00% | 16.01% | 8.16% | 15.35% |
Correlation
The correlation between GWETX and MEQFX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997 | 0.85 |
Over the past year, the correlation between GWETX and MEQFX has dropped to 0.63 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
GWETX vs. MEQFX — Risk / Return Rank
GWETX
MEQFX
GWETX vs. MEQFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG GW&K Small Cap Core Fund (GWETX) and AMG River Road Large Cap Value Select Fund (MEQFX). 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.
| GWETX | MEQFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.93 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | -0.42 | +1.50 |
| Martin ratioReturn relative to average drawdown | 3.00 | -0.70 | +3.70 |
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Drawdowns
GWETX vs. MEQFX - Drawdown Comparison
The maximum GWETX drawdown since its inception was -67.27%, which is greater than MEQFX's maximum drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for GWETX and MEQFX.
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Drawdown Indicators
| GWETX | MEQFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.27% | -55.38% | -11.89% |
Max Drawdown (1Y)Largest decline over 1 year | -13.26% | -17.43% | +4.17% |
Max Drawdown (3Y)Largest decline over 3 years | -24.48% | -17.43% | -7.05% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -19.48% | -11.02% |
Max Drawdown (10Y)Largest decline over 10 years | -41.37% | -28.69% | -12.68% |
Current DrawdownCurrent decline from peak | -3.97% | -11.64% | +7.67% |
Average DrawdownAverage peak-to-trough decline | -19.21% | -12.19% | -7.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 10.37% | -5.62% |
Volatility
GWETX vs. MEQFX - Volatility Comparison
AMG GW&K Small Cap Core Fund (GWETX) has a higher volatility of 4.25% compared to AMG River Road Large Cap Value Select Fund (MEQFX) at 4.03%. This indicates that GWETX's price experiences larger fluctuations and is considered to be riskier than MEQFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GWETX | MEQFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 4.03% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 12.99% | 9.51% | +3.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.70% | 17.07% | +2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.34% | 17.55% | +3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.20% | 19.60% | +2.60% |
GWETX vs. MEQFX - Expense Ratio Comparison
GWETX has a 1.30% expense ratio, which is higher than MEQFX's 0.64% expense ratio.
Dividends
GWETX vs. MEQFX - Dividend Comparison
Neither GWETX nor MEQFX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWETX AMG GW&K Small Cap Core Fund | 0.00% | 0.00% | 4.04% | 0.70% | 0.75% | 9.16% | 2.43% | 10.50% | 14.38% | 5.46% | 4.24% | 4.10% |
MEQFX AMG River Road Large Cap Value Select Fund | 0.00% | 0.00% | 4.48% | 0.98% | 2.13% | 27.90% | 0.00% | 9.17% | 3.40% | 30.28% | 5.96% | 11.63% |
Frequently Asked Questions
GWETX and MEQFX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GWETX has higher volatility (4.25%) compared to MEQFX (4.03%). In terms of maximum drawdown, GWETX dropped -67.27% vs MEQFX's -55.38%.
GWETX currently has the higher Sharpe Ratio (0.73 vs -0.43), 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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