MFQTX vs. ADX
MFQTX (AMG Veritas Global Focus Fund) and ADX (Adams Diversified Equity Fund, Inc.) are both mutual funds - MFQTX is a Large Cap Growth Equities fund managed by AMG, while ADX is a Large Cap Blend Equities fund actively managed by Adams Funds. Over the past 10 years, MFQTX returned 8.95%/yr vs 18.36%/yr for ADX. Their correlation of 0.82 means they have usually moved in the same direction. MFQTX charges 0.88%/yr vs 0.59%/yr for ADX.
Performance
MFQTX vs. ADX - Performance Comparison
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Returns By Period
In the year-to-date period, MFQTX achieves a 1.14% return, which is significantly lower than ADX's 18.11% return. Over the past 10 years, MFQTX has underperformed ADX with an annualized return of 8.95%, while ADX has yielded a comparatively higher 18.36% annualized return.
MFQTX
- 1D
- -0.12%
- 1M
- 1.75%
- 6M
- 2.18%
- YTD
- 1.14%
- 1Y
- -2.59%
- 3Y*
- 8.10%
- 5Y*
- 3.75%
- 10Y*
- 8.95%
- ALL TIME*
- 7.38%
ADX
- 1D
- 1.72%
- 1M
- 3.44%
- 6M
- 15.28%
- YTD
- 18.11%
- 1Y
- 32.86%
- 3Y*
- 27.78%
- 5Y*
- 17.37%
- 10Y*
- 18.36%
- ALL TIME*
- 8.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.11M | $7.98M | $7.00M | |
| $0.00 | $0.00 | $0.00 |
MFQTX vs. ADX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFQTX AMG Veritas Global Focus Fund | 1.14% | -1.59% | 23.14% | 22.81% | -21.08% | 17.63% | 8.44% | 28.37% | -3.66% | 18.28% |
ADX Adams Diversified Equity Fund, Inc. | 18.11% | 26.03% | 28.31% | 31.49% | -19.82% | 29.69% | 17.28% | 36.75% | -3.58% | 29.61% |
Correlation
The correlation between MFQTX and ADX is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2000 | 0.82 |
Over the past year, the correlation between MFQTX and ADX has dropped to 0.49 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
MFQTX vs. ADX — Risk / Return Rank
MFQTX
ADX
MFQTX vs. ADX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG Veritas Global Focus Fund (MFQTX) and Adams Diversified Equity Fund, Inc. (ADX). 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.
| MFQTX | ADX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.46 | ||
| Sortino ratioReturn per unit of downside risk | -3.36 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.38 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 3.25 | -3.42 |
| Martin ratioReturn relative to average drawdown | -0.34 | 16.08 | -16.42 |
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Drawdowns
MFQTX vs. ADX - Drawdown Comparison
The maximum MFQTX drawdown since its inception was -57.67%, smaller than the maximum ADX drawdown of -71.60%. Use the drawdown chart below to compare losses from any high point for MFQTX and ADX.
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Drawdown Indicators
| MFQTX | ADX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.67% | -71.60% | +13.93% |
Max Drawdown (1Y)Largest decline over 1 year | -23.00% | -10.16% | -12.84% |
Max Drawdown (3Y)Largest decline over 3 years | -23.60% | -18.29% | -5.31% |
Max Drawdown (5Y)Largest decline over 5 years | -27.69% | -25.07% | -2.62% |
Max Drawdown (10Y)Largest decline over 10 years | -37.58% | -37.17% | -0.41% |
Current DrawdownCurrent decline from peak | -10.96% | 0.00% | -10.96% |
Average DrawdownAverage peak-to-trough decline | -10.33% | -22.06% | +11.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.71% | 2.05% | +9.66% |
Volatility
MFQTX vs. ADX - Volatility Comparison
The current volatility for AMG Veritas Global Focus Fund (MFQTX) is 4.05%, while Adams Diversified Equity Fund, Inc. (ADX) has a volatility of 5.19%. This indicates that MFQTX experiences smaller price fluctuations and is considered to be less risky than ADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFQTX | ADX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 5.19% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 11.98% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.15% | 14.81% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.52% | 17.51% | +1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.98% | 18.09% | +0.89% |
MFQTX vs. ADX - Expense Ratio Comparison
MFQTX has a 0.88% expense ratio, which is higher than ADX's 0.59% expense ratio.
Dividends
MFQTX vs. ADX - Dividend Comparison
MFQTX has not paid dividends to shareholders, while ADX's dividend yield for the trailing twelve months is around 7.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADX Adams Diversified Equity Fund, Inc. | 7.36% | 7.93% | 12.38% | 7.34% | 7.36% | 15.35% | 6.54% | 9.00% | 15.85% | 9.18% | 7.79% | 7.17% |
MFQTX AMG Veritas Global Focus Fund | 0.00% | 0.00% | 18.87% | 2.45% | 5.59% | 139.81% | 1.67% | 0.72% | 1.95% | 0.47% | 1.19% | 0.57% |
Frequently Asked Questions
MFQTX and ADX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADX has higher volatility (5.19%) compared to MFQTX (4.05%). In terms of maximum drawdown, MFQTX dropped -57.67% vs ADX's -71.60%.
ADX currently has the higher Sharpe Ratio (2.23 vs -0.23), 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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