MEQFX vs. MCGFX

Last updated Jun 26, 2026

MEQFX (AMG River Road Large Cap Value Select Fund) and MCGFX (AMG Montrusco Bolton Large Cap Growth Fund) are both mutual funds - MEQFX is a Large Cap Blend Equities fund managed by AMG, while MCGFX is a Large Cap Growth Equities fund managed by AMG. Over the past 10 years, MEQFX returned 11.04%/yr vs 11.12%/yr for MCGFX. Their correlation of 0.84 suggests significant overlap in exposure. MEQFX charges 0.64%/yr vs 0.91%/yr for MCGFX.

Performance

MEQFX vs. MCGFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AMG River Road Large Cap Value Select Fund (MEQFX) and AMG Montrusco Bolton Large Cap Growth Fund (MCGFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MEQFX achieves a -3.05% return, which is significantly lower than MCGFX's 17.27% return. Both investments have delivered pretty close results over the past 10 years, with MEQFX having a 11.04% annualized return and MCGFX not far ahead at 11.12%.

MEQFX

• 1D: 1.06%
• 1M: 1.06%
• YTD: -3.05%
• 6M: -4.56%
• 1Y: -7.57%
• 3Y*: 10.53%
• 5Y*: 9.11%
• 10Y*: 11.04%

MCGFX

• 1D: 1.22%
• 1M: 3.75%
• YTD: 17.27%
• 6M: 13.94%
• 1Y: -11.51%
• 3Y*: 6.97%
• 5Y*: 3.36%
• 10Y*: 11.12%

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

MEQFX vs. MCGFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MEQFX AMG River Road Large Cap Value Select Fund	-3.05%	-2.58%	24.99%	19.53%	-9.50%	43.58%	-4.00%	16.01%	8.16%	15.35%
MCGFX AMG Montrusco Bolton Large Cap Growth Fund	17.27%	-19.12%	14.37%	34.16%	-27.05%	25.78%	31.91%	32.61%	-1.47%	23.36%

Correlation

The correlation between MEQFX and MCGFX is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Nov 2, 1994	0.84

Over the past year, the correlation between MEQFX and MCGFX has dropped to 0.55 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

Return for Risk

MEQFX vs. MCGFX — Risk / Return Rank

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

MEQFX

MEQFX Risk / Return Rank: 1
MEQFX Sharpe Ratio Rank: 1
MEQFX Sortino Ratio Rank: 1
MEQFX Omega Ratio Rank: 1
MEQFX Calmar Ratio Rank: 1
MEQFX Martin Ratio Rank: 1

MCGFX

MCGFX Risk / Return Rank: 2
MCGFX Sharpe Ratio Rank: 2
MCGFX Sortino Ratio Rank: 3
MCGFX Omega Ratio Rank: 2
MCGFX Calmar Ratio Rank: 2
MCGFX 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.

MEQFX vs. MCGFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AMG River Road Large Cap Value Select Fund (MEQFX) and AMG Montrusco Bolton Large Cap Growth Fund (MCGFX). 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.

	MEQFX	MCGFX	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	-0.31	-0.20
Sortino ratio: Return per unit of downside risk	-0.54	-0.12	-0.42
Omega ratio: Gain probability vs. loss probability	0.92	0.97	-0.05
Calmar ratio: Return relative to maximum drawdown	-0.50	-0.31	-0.18
Martin ratio: Return relative to average drawdown	-0.90	-0.55	-0.35

MEQFX vs. MCGFX - Sharpe Ratio Comparison

The current MEQFX Sharpe Ratio is -0.51, which is lower than the MCGFX Sharpe Ratio of -0.31. The chart below compares the historical Sharpe Ratios of MEQFX and MCGFX, 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

MEQFX vs. MCGFX - Drawdown Comparison

The maximum MEQFX drawdown since its inception was -55.38%, which is greater than MCGFX's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for MEQFX and MCGFX.

Drawdown Indicators

	MEQFX	MCGFX	Difference
Max Drawdown Largest peak-to-trough decline	-55.38%	-45.56%	-9.82%
Max Drawdown (1Y) Largest decline over 1 year	-17.43%	-35.89%	+18.46%
Max Drawdown (3Y) Largest decline over 3 years	-17.43%	-35.89%	+18.46%
Max Drawdown (5Y) Largest decline over 5 years	-19.48%	-35.89%	+16.41%
Max Drawdown (10Y) Largest decline over 10 years	-28.69%	-35.89%	+7.20%
Current Drawdown Current decline from peak	-14.47%	-20.48%	+6.01%
Average Drawdown Average peak-to-trough decline	-12.19%	-10.69%	-1.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.54%	20.24%	-10.70%

Volatility

MEQFX vs. MCGFX - Volatility Comparison

The current volatility for AMG River Road Large Cap Value Select Fund (MEQFX) is 3.97%, while AMG Montrusco Bolton Large Cap Growth Fund (MCGFX) has a volatility of 7.06%. This indicates that MEQFX experiences smaller price fluctuations and is considered to be less risky than MCGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MEQFX	MCGFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	7.06%	-3.09%
Volatility (6M) Calculated over the trailing 6-month period	9.69%	15.11%	-5.42%
Volatility (1Y) Calculated over the trailing 1-year period	17.05%	36.45%	-19.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.52%	25.31%	-7.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.60%	22.51%	-2.91%

MEQFX vs. MCGFX - Expense Ratio Comparison

MEQFX has a 0.64% expense ratio, which is lower than MCGFX's 0.91% expense ratio.

Dividends

MEQFX vs. MCGFX - Dividend Comparison

Neither MEQFX nor MCGFX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MCGFX AMG Montrusco Bolton Large Cap Growth Fund	0.00%	0.00%	10.27%	3.66%	10.96%	78.35%	16.87%	9.08%	25.33%	9.88%	11.33%	33.82%
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

Can I hold both MEQFX and MCGFX in my portfolio?

MEQFX and MCGFX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MEQFX or MCGFX?

MCGFX has higher volatility (7.06%) compared to MEQFX (3.97%). In terms of maximum drawdown, MEQFX dropped -55.38% vs MCGFX's -45.56%.

Which has better risk-adjusted returns?

MCGFX currently has the higher Sharpe Ratio (-0.31 vs -0.51), 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.