MFQTX vs. FOKFX

Last updated Aug 4, 2026

MFQTX (AMG Veritas Global Focus Fund) and FOKFX (Fidelity OTC K6 Portfolio) are both Large Cap Growth Equities funds. Over the past 5 years, MFQTX returned 3.75%/yr vs 14.76%/yr for FOKFX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. MFQTX charges 0.88%/yr vs 0.50%/yr for FOKFX.

Performance

MFQTX vs. FOKFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AMG Veritas Global Focus Fund (MFQTX) and Fidelity OTC K6 Portfolio (FOKFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MFQTX achieves a 1.14% return, which is significantly lower than FOKFX's 19.38% 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%

FOKFX

• 1D: 1.42%
• 1M: -2.17%
• 6M: 16.38%
• YTD: 19.38%
• 1Y: 35.45%
• 3Y*: 27.08%
• 5Y*: 14.76%
• 10Y*: —
• ALL TIME*: 21.81%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FOKFX Fidelity OTC K6 Portfolio	$0.00	$0.00	$0.00
MFQTX AMG Veritas Global Focus Fund	$0.00	$0.00	$0.00

MFQTX vs. FOKFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MFQTX AMG Veritas Global Focus Fund	1.14%	-1.59%	23.14%	22.81%	-21.08%	17.63%	8.44%	15.32%
FOKFX Fidelity OTC K6 Portfolio	19.38%	20.30%	34.58%	43.48%	-32.32%	25.95%	47.52%	17.08%

Correlation

The correlation between MFQTX and FOKFX 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 (All Time) Calculated using the full available price history since Jun 13, 2019	0.76

Over the past year, the correlation between MFQTX and FOKFX has dropped to 0.39 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

Return for Risk

MFQTX vs. FOKFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MFQTX

MFQTX Risk / Return Rank: 2
MFQTX Sharpe Ratio Rank: 2
MFQTX Sortino Ratio Rank: 2
MFQTX Omega Ratio Rank: 2
MFQTX Calmar Ratio Rank: 3
MFQTX Martin Ratio Rank: 3

FOKFX

FOKFX Risk / Return Rank: 59
FOKFX Sharpe Ratio Rank: 56
FOKFX Sortino Ratio Rank: 50
FOKFX Omega Ratio Rank: 47
FOKFX Calmar Ratio Rank: 77
FOKFX Martin Ratio Rank: 66

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MFQTX vs. FOKFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AMG Veritas Global Focus Fund (MFQTX) and Fidelity OTC K6 Portfolio (FOKFX). 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	FOKFX	Difference
Sharpe ratio: Return per unit of total volatility	-0.23	1.53	-1.76
Sortino ratio: Return per unit of downside risk	-0.18	2.08	-2.26
Omega ratio: Gain probability vs. loss probability	0.97	1.26	-0.29
Calmar ratio: Return relative to maximum drawdown	-0.17	2.61	-2.79
Martin ratio: Return relative to average drawdown	-0.34	8.85	-9.18

MFQTX vs. FOKFX - Sharpe Ratio Comparison

The current MFQTX Sharpe Ratio is -0.23, which is lower than the FOKFX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of MFQTX and FOKFX, 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

MFQTX vs. FOKFX - Drawdown Comparison

The maximum MFQTX drawdown since its inception was -57.67%, which is greater than FOKFX's maximum drawdown of -37.26%. Use the drawdown chart below to compare losses from any high point for MFQTX and FOKFX.

Drawdown Indicators

	MFQTX	FOKFX	Difference
Max Drawdown Largest peak-to-trough decline	-57.67%	-37.26%	-20.41%
Max Drawdown (1Y) Largest decline over 1 year	-23.00%	-12.53%	-10.47%
Max Drawdown (3Y) Largest decline over 3 years	-23.60%	-24.81%	+1.21%
Max Drawdown (5Y) Largest decline over 5 years	-27.69%	-37.26%	+9.57%
Max Drawdown (10Y) Largest decline over 10 years	-37.58%	—	—
Current Drawdown Current decline from peak	-10.96%	-6.73%	-4.23%
Average Drawdown Average peak-to-trough decline	-10.33%	-9.09%	-1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.71%	3.69%	+8.02%

Volatility

MFQTX vs. FOKFX - Volatility Comparison

The current volatility for AMG Veritas Global Focus Fund (MFQTX) is 4.05%, while Fidelity OTC K6 Portfolio (FOKFX) has a volatility of 6.36%. This indicates that MFQTX experiences smaller price fluctuations and is considered to be less risky than FOKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MFQTX	FOKFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	6.36%	-2.31%
Volatility (6M) Calculated over the trailing 6-month period	10.87%	17.72%	-6.85%
Volatility (1Y) Calculated over the trailing 1-year period	17.15%	21.46%	-4.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.52%	23.47%	-4.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.98%	24.72%	-5.74%

MFQTX vs. FOKFX - Expense Ratio Comparison

MFQTX has a 0.88% expense ratio, which is higher than FOKFX's 0.50% expense ratio.

Dividends

MFQTX vs. FOKFX - Dividend Comparison

MFQTX has not paid dividends to shareholders, while FOKFX's dividend yield for the trailing twelve months is around 3.52%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOKFX Fidelity OTC K6 Portfolio	3.52%	4.20%	4.58%	0.24%	0.08%	3.81%	0.39%	0.32%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both MFQTX and FOKFX in my portfolio?

MFQTX and FOKFX 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.

Which is riskier, MFQTX or FOKFX?

FOKFX has higher volatility (6.36%) compared to MFQTX (4.05%). In terms of maximum drawdown, MFQTX dropped -57.67% vs FOKFX's -37.26%.

Which has better risk-adjusted returns?

FOKFX currently has the higher Sharpe Ratio (1.53 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.