MEQFX vs. MGFIX
MEQFX (AMG River Road Large Cap Value Select Fund) and MGFIX (AMG GW&K ESG Bond Fund) are both mutual funds - MEQFX is a Large Cap Blend Equities fund managed by AMG, while MGFIX is a Intermediate Core-Plus Bond fund managed by AMG. Over the past 10 years, MEQFX returned 10.81%/yr vs 1.38%/yr for MGFIX. At a 0.06 correlation, their price movements are largely independent. MEQFX charges 0.64%/yr vs 0.68%/yr for MGFIX.
Performance
MEQFX vs. MGFIX - Performance Comparison
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Returns By Period
In the year-to-date period, MEQFX achieves a -3.67% return, which is significantly lower than MGFIX's 0.63% return. Over the past 10 years, MEQFX has outperformed MGFIX with an annualized return of 10.81%, while MGFIX has yielded a comparatively lower 1.38% annualized return.
MEQFX
- 1D
- 0.21%
- 1M
- 0.69%
- YTD
- -3.67%
- 6M
- -5.02%
- 1Y
- -7.66%
- 3Y*
- 10.10%
- 5Y*
- 9.60%
- 10Y*
- 10.81%
MGFIX
- 1D
- 0.23%
- 1M
- 0.91%
- YTD
- 0.63%
- 6M
- 0.76%
- 1Y
- 4.83%
- 3Y*
- 4.34%
- 5Y*
- -0.08%
- 10Y*
- 1.38%
MEQFX vs. MGFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MEQFX AMG River Road Large Cap Value Select Fund | -3.67% | -2.58% | 24.99% | 19.53% | -9.50% | 43.58% | -4.00% | 16.01% | 8.16% | 15.35% |
MGFIX AMG GW&K ESG Bond Fund | 0.63% | 7.26% | 1.50% | 6.69% | -13.17% | -9.68% | 7.34% | 11.11% | -1.82% | 6.78% |
Correlation
The correlation between MEQFX and MGFIX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 1992 | 0.06 |
Over the past year, MEQFX and MGFIX have become more correlated (0.42) than their long-term average of 0.06, meaning their price movements have been converging.
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Return for Risk
MEQFX vs. MGFIX — Risk / Return Rank
MEQFX
MGFIX
MEQFX vs. MGFIX - 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 GW&K ESG Bond Fund (MGFIX). 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 | MGFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.24 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 1.68 | -2.13 |
| Martin ratioReturn relative to average drawdown | -0.83 | 4.86 | -5.69 |
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Drawdowns
MEQFX vs. MGFIX - Drawdown Comparison
The maximum MEQFX drawdown since its inception was -55.38%, which is greater than MGFIX's maximum drawdown of -25.03%. Use the drawdown chart below to compare losses from any high point for MEQFX and MGFIX.
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Drawdown Indicators
| MEQFX | MGFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.38% | -25.03% | -30.35% |
Max Drawdown (1Y)Largest decline over 1 year | -17.43% | -2.93% | -14.50% |
Max Drawdown (3Y)Largest decline over 3 years | -17.43% | -6.75% | -10.68% |
Max Drawdown (5Y)Largest decline over 5 years | -19.48% | -19.68% | +0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -28.69% | -25.03% | -3.66% |
Current DrawdownCurrent decline from peak | -15.00% | -8.33% | -6.67% |
Average DrawdownAverage peak-to-trough decline | -12.19% | -4.81% | -7.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.39% | 1.01% | +8.38% |
Volatility
MEQFX vs. MGFIX - Volatility Comparison
AMG River Road Large Cap Value Select Fund (MEQFX) has a higher volatility of 3.81% compared to AMG GW&K ESG Bond Fund (MGFIX) at 1.15%. This indicates that MEQFX's price experiences larger fluctuations and is considered to be riskier than MGFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEQFX | MGFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 1.15% | +2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 14.97% | 2.78% | +12.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.98% | 3.65% | +13.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.51% | 5.77% | +11.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 5.25% | +14.36% |
MEQFX vs. MGFIX - Expense Ratio Comparison
MEQFX has a 0.64% expense ratio, which is lower than MGFIX's 0.68% expense ratio.
Dividends
MEQFX vs. MGFIX - Dividend Comparison
MEQFX has not paid dividends to shareholders, while MGFIX's dividend yield for the trailing twelve months is around 4.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MGFIX AMG GW&K ESG Bond Fund | 4.06% | 3.85% | 3.56% | 2.94% | 2.41% | 2.21% | 3.38% | 4.20% | 3.89% | 3.81% | 4.96% | 4.17% |
Frequently Asked Questions
MEQFX and MGFIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEQFX has higher volatility (3.81%) compared to MGFIX (1.15%). In terms of maximum drawdown, MEQFX dropped -55.38% vs MGFIX's -25.03%.
MGFIX currently has the higher Sharpe Ratio (1.35 vs -0.46), 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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