MASGX vs. MGSEX
MASGX (Matthews Asia ESG Fund) and MGSEX (AMG Veritas Asia Pacific Fund) are both Asia Pacific Equities funds. Over the past 10 years, MASGX returned 13.74%/yr vs 18.64%/yr for MGSEX. A 0.70 correlation means they provide meaningful diversification when combined. MASGX charges 1.24%/yr vs 1.18%/yr for MGSEX.
Performance
MASGX vs. MGSEX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with MASGX having a 54.22% return and MGSEX slightly higher at 55.31%. Over the past 10 years, MASGX has underperformed MGSEX with an annualized return of 13.74%, while MGSEX has yielded a comparatively higher 18.64% annualized return.
MASGX
- 1D
- 2.35%
- 1M
- 11.37%
- YTD
- 54.22%
- 6M
- 55.12%
- 1Y
- 76.70%
- 3Y*
- 22.99%
- 5Y*
- 9.85%
- 10Y*
- 13.74%
MGSEX
- 1D
- 0.92%
- 1M
- 9.01%
- YTD
- 55.31%
- 6M
- 57.70%
- 1Y
- 92.20%
- 3Y*
- 32.41%
- 5Y*
- 8.64%
- 10Y*
- 18.64%
MASGX vs. MGSEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MASGX Matthews Asia ESG Fund | 54.22% | 22.83% | -2.51% | 7.99% | -14.37% | 5.33% | 42.90% | 12.56% | -9.70% | 33.75% |
MGSEX AMG Veritas Asia Pacific Fund | 55.31% | 41.56% | 7.23% | -4.82% | -27.91% | 0.83% | 38.74% | 80.58% | -3.77% | 20.26% |
Correlation
The correlation between MASGX and MGSEX is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.70 |
The correlation between MASGX and MGSEX shifts across timeframes, from 0.70 (all time) to 0.83 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MASGX vs. MGSEX — Risk / Return Rank
MASGX
MGSEX
MASGX vs. MGSEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Asia ESG Fund (MASGX) and AMG Veritas Asia Pacific Fund (MGSEX). 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.
| MASGX | MGSEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.60 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.65 | 6.54 | -0.90 |
| Martin ratioReturn relative to average drawdown | 20.01 | 20.76 | -0.74 |
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Drawdowns
MASGX vs. MGSEX - Drawdown Comparison
The maximum MASGX drawdown since its inception was -36.34%, smaller than the maximum MGSEX drawdown of -62.06%. Use the drawdown chart below to compare losses from any high point for MASGX and MGSEX.
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Drawdown Indicators
| MASGX | MGSEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.34% | -62.06% | +25.72% |
Max Drawdown (1Y)Largest decline over 1 year | -14.20% | -14.34% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -24.94% | -19.30% | -5.64% |
Max Drawdown (5Y)Largest decline over 5 years | -36.34% | -43.13% | +6.79% |
Max Drawdown (10Y)Largest decline over 10 years | -36.34% | -45.32% | +8.98% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -13.86% | +2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 4.50% | -0.54% |
Volatility
MASGX vs. MGSEX - Volatility Comparison
The current volatility for Matthews Asia ESG Fund (MASGX) is 12.46%, while AMG Veritas Asia Pacific Fund (MGSEX) has a volatility of 15.81%. This indicates that MASGX experiences smaller price fluctuations and is considered to be less risky than MGSEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MASGX | MGSEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.46% | 15.81% | -3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 22.07% | 24.20% | -2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.62% | 27.69% | -3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.44% | 20.82% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.03% | 26.32% | -7.29% |
MASGX vs. MGSEX - Expense Ratio Comparison
MASGX has a 1.24% expense ratio, which is higher than MGSEX's 1.18% expense ratio.
Dividends
MASGX vs. MGSEX - Dividend Comparison
MASGX's dividend yield for the trailing twelve months is around 3.62%, more than MGSEX's 0.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
MASGX Matthews Asia ESG Fund | 3.62% | 5.58% | 2.58% | 7.52% | 5.39% | 2.60% | 5.66% | 1.36% | 4.52% | 3.70% | 1.47% |
MGSEX AMG Veritas Asia Pacific Fund | 0.09% | 0.14% | 0.47% | 0.11% | 0.00% | 83.77% | 4.35% | 59.30% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MASGX and MGSEX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGSEX has higher volatility (15.81%) compared to MASGX (12.46%). In terms of maximum drawdown, MASGX dropped -36.34% vs MGSEX's -62.06%.
MGSEX currently has the higher Sharpe Ratio (3.39 vs 3.26), 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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