MFQTX vs. FOCPX
MFQTX (AMG Veritas Global Focus Fund) and FOCPX (Fidelity OTC Portfolio) are both Large Cap Growth Equities funds. Over the past 10 years, MFQTX returned 8.95%/yr vs 21.22%/yr for FOCPX. Their correlation of 0.83 means they have usually moved in the same direction. MFQTX charges 0.88%/yr vs 0.73%/yr for FOCPX.
Performance
MFQTX vs. FOCPX - 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 FOCPX's 19.65% return. Over the past 10 years, MFQTX has underperformed FOCPX with an annualized return of 8.95%, while FOCPX has yielded a comparatively higher 21.22% 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%
FOCPX
- 1D
- 1.25%
- 1M
- -4.03%
- 6M
- 16.48%
- YTD
- 19.65%
- 1Y
- 37.82%
- 3Y*
- 29.20%
- 5Y*
- 15.83%
- 10Y*
- 21.22%
- ALL TIME*
- 14.82%
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 |
MFQTX vs. FOCPX - 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% |
FOCPX Fidelity OTC Portfolio | 19.65% | 22.21% | 38.95% | 42.64% | -32.08% | 24.94% | 46.75% | 39.20% | -3.30% | 38.61% |
Correlation
The correlation between MFQTX and FOCPX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2000 | 0.83 |
Over the past year, the correlation between MFQTX and FOCPX has dropped to 0.39 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
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Return for Risk
MFQTX vs. FOCPX — Risk / Return Rank
MFQTX
FOCPX
MFQTX vs. FOCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG Veritas Global Focus Fund (MFQTX) and Fidelity OTC Portfolio (FOCPX). 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 | FOCPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.46 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.29 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 3.12 | -3.29 |
| Martin ratioReturn relative to average drawdown | -0.34 | 10.63 | -10.97 |
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Drawdowns
MFQTX vs. FOCPX - Drawdown Comparison
The maximum MFQTX drawdown since its inception was -57.67%, smaller than the maximum FOCPX drawdown of -70.25%. Use the drawdown chart below to compare losses from any high point for MFQTX and FOCPX.
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Drawdown Indicators
| MFQTX | FOCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.67% | -70.25% | +12.58% |
Max Drawdown (1Y)Largest decline over 1 year | -23.00% | -11.29% | -11.71% |
Max Drawdown (3Y)Largest decline over 3 years | -23.60% | -24.82% | +1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -27.69% | -37.05% | +9.36% |
Max Drawdown (10Y)Largest decline over 10 years | -37.58% | -37.05% | -0.53% |
Current DrawdownCurrent decline from peak | -10.96% | -7.69% | -3.27% |
Average DrawdownAverage peak-to-trough decline | -10.33% | -16.96% | +6.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.71% | 3.31% | +8.40% |
Volatility
MFQTX vs. FOCPX - Volatility Comparison
The current volatility for AMG Veritas Global Focus Fund (MFQTX) is 4.05%, while Fidelity OTC Portfolio (FOCPX) has a volatility of 6.29%. This indicates that MFQTX experiences smaller price fluctuations and is considered to be less risky than FOCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFQTX | FOCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 6.29% | -2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 17.28% | -6.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.15% | 20.92% | -3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.52% | 23.14% | -4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.98% | 22.59% | -3.61% |
MFQTX vs. FOCPX - Expense Ratio Comparison
MFQTX has a 0.88% expense ratio, which is higher than FOCPX's 0.73% expense ratio.
Dividends
MFQTX vs. FOCPX - Dividend Comparison
MFQTX has not paid dividends to shareholders, while FOCPX's dividend yield for the trailing twelve months is around 6.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOCPX Fidelity OTC Portfolio | 6.50% | 7.78% | 16.76% | 0.05% | 4.06% | 11.53% | 6.23% | 7.58% | 7.93% | 4.86% | 3.24% | 5.41% |
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 FOCPX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FOCPX has higher volatility (6.29%) compared to MFQTX (4.05%). In terms of maximum drawdown, MFQTX dropped -57.67% vs FOCPX's -70.25%.
FOCPX currently has the higher Sharpe Ratio (1.69 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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