MFQTX vs. TMDIX
MFQTX (AMG Veritas Global Focus Fund) and TMDIX (AMG TimesSquare Mid Cap Growth Fund) are both mutual funds - MFQTX is a Large Cap Growth Equities fund managed by AMG, while TMDIX is a Mid Cap Growth Equities fund managed by AMG. Over the past 10 years, MFQTX returned 8.86%/yr vs 12.70%/yr for TMDIX. Their correlation of 0.88 means they have usually moved in the same direction. MFQTX charges 0.88%/yr vs 0.98%/yr for TMDIX.
Performance
MFQTX vs. TMDIX - Performance Comparison
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Returns By Period
In the year-to-date period, MFQTX achieves a 1.26% return, which is significantly lower than TMDIX's 4.53% return. Over the past 10 years, MFQTX has underperformed TMDIX with an annualized return of 8.86%, while TMDIX has yielded a comparatively higher 12.70% annualized return.
MFQTX
- 1D
- 0.53%
- 1M
- 1.87%
- 6M
- 2.79%
- YTD
- 1.26%
- 1Y
- -2.48%
- 3Y*
- 7.94%
- 5Y*
- 3.78%
- 10Y*
- 8.86%
- ALL TIME*
- 7.38%
TMDIX
- 1D
- 2.45%
- 1M
- -3.41%
- 6M
- 5.22%
- YTD
- 4.53%
- 1Y
- -6.10%
- 3Y*
- 6.58%
- 5Y*
- 2.93%
- 10Y*
- 12.70%
- ALL TIME*
- 10.91%
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. TMDIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFQTX AMG Veritas Global Focus Fund | 1.26% | -1.59% | 23.14% | 22.81% | -21.08% | 17.63% | 8.44% | 28.37% | -3.66% | 18.28% |
TMDIX AMG TimesSquare Mid Cap Growth Fund | 4.53% | -1.76% | 10.84% | 25.07% | -22.26% | 16.75% | 33.42% | 63.26% | -4.28% | 22.66% |
Correlation
The correlation between MFQTX and TMDIX is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2005 | 0.88 |
Over the past year, the correlation between MFQTX and TMDIX has dropped to 0.59 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
MFQTX vs. TMDIX — Risk / Return Rank
MFQTX
TMDIX
MFQTX vs. TMDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG Veritas Global Focus Fund (MFQTX) and AMG TimesSquare Mid Cap Growth Fund (TMDIX). 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 | TMDIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.95 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | -0.31 | +0.11 |
| Martin ratioReturn relative to average drawdown | -0.40 | -0.61 | +0.21 |
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Drawdowns
MFQTX vs. TMDIX - Drawdown Comparison
The maximum MFQTX drawdown since its inception was -57.67%, which is greater than TMDIX's maximum drawdown of -48.73%. Use the drawdown chart below to compare losses from any high point for MFQTX and TMDIX.
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Drawdown Indicators
| MFQTX | TMDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.67% | -48.73% | -8.94% |
Max Drawdown (1Y)Largest decline over 1 year | -23.00% | -25.45% | +2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -23.60% | -25.45% | +1.85% |
Max Drawdown (5Y)Largest decline over 5 years | -27.69% | -30.53% | +2.84% |
Max Drawdown (10Y)Largest decline over 10 years | -37.58% | -35.44% | -2.14% |
Current DrawdownCurrent decline from peak | -10.85% | -12.48% | +1.63% |
Average DrawdownAverage peak-to-trough decline | -10.33% | -7.19% | -3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.70% | 12.95% | -1.25% |
Volatility
MFQTX vs. TMDIX - Volatility Comparison
The current volatility for AMG Veritas Global Focus Fund (MFQTX) is 4.11%, while AMG TimesSquare Mid Cap Growth Fund (TMDIX) has a volatility of 4.81%. This indicates that MFQTX experiences smaller price fluctuations and is considered to be less risky than TMDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFQTX | TMDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 4.81% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 10.89% | 14.06% | -3.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.16% | 20.64% | -3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.53% | 20.59% | -2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.98% | 21.11% | -2.13% |
MFQTX vs. TMDIX - Expense Ratio Comparison
MFQTX has a 0.88% expense ratio, which is lower than TMDIX's 0.98% expense ratio.
Dividends
MFQTX vs. TMDIX - Dividend Comparison
Neither MFQTX nor TMDIX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TMDIX AMG TimesSquare Mid Cap Growth Fund | 0.00% | 0.00% | 8.08% | 3.98% | 3.69% | 29.72% | 18.28% | 31.06% | 16.38% | 14.44% | 5.90% | 7.73% |
Frequently Asked Questions
MFQTX and TMDIX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMDIX has higher volatility (4.81%) compared to MFQTX (4.11%). In terms of maximum drawdown, MFQTX dropped -57.67% vs TMDIX's -48.73%.
MFQTX currently has the higher Sharpe Ratio (-0.27 vs -0.39), 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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