MFQTX vs. VBILX

Last updated Jun 24, 2026

MFQTX (AMG Veritas Global Focus Fund) and VBILX (Vanguard Intermediate-Term Bond Index Fund Admiral Shares) are both mutual funds - MFQTX is a Large Cap Growth Equities fund managed by AMG, while VBILX is a Intermediate Core Bond fund tracking the Bloomberg U.S. 5-10 Year Government/Credit Float Adjusted Index. Over the past 10 years, MFQTX returned 8.80%/yr vs 1.79%/yr for VBILX. At a correlation of -0.19, they often move in opposite directions. MFQTX charges 0.88%/yr vs 0.06%/yr for VBILX.

Performance

MFQTX vs. VBILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AMG Veritas Global Focus Fund (MFQTX) and Vanguard Intermediate-Term Bond Index Fund Admiral Shares (VBILX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MFQTX achieves a -5.39% return, which is significantly lower than VBILX's -0.53% return. Over the past 10 years, MFQTX has outperformed VBILX with an annualized return of 8.80%, while VBILX has yielded a comparatively lower 1.79% annualized return.

MFQTX

• 1D: -1.06%
• 1M: -0.57%
• YTD: -5.39%
• 6M: -5.56%
• 1Y: -10.48%
• 3Y*: 7.31%
• 5Y*: 2.94%
• 10Y*: 8.80%

VBILX

• 1D: -0.29%
• 1M: 0.47%
• YTD: -0.53%
• 6M: -0.08%
• 1Y: 3.75%
• 3Y*: 4.34%
• 5Y*: 0.09%
• 10Y*: 1.79%

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

MFQTX vs. VBILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MFQTX AMG Veritas Global Focus Fund	-5.39%	-1.59%	23.14%	22.81%	-21.08%	17.63%	8.44%	28.37%	-3.66%	18.28%
VBILX Vanguard Intermediate-Term Bond Index Fund Admiral Shares	-0.53%	8.57%	1.54%	6.09%	-13.59%	-2.36%	9.82%	10.20%	-0.15%	3.86%

Correlation

The correlation between MFQTX and VBILX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since Nov 12, 2001	-0.19

The correlation between MFQTX and VBILX shifts across timeframes, from -0.19 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MFQTX vs. VBILX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MFQTX

MFQTX Risk / Return Rank: 1
MFQTX Sharpe Ratio Rank: 1
MFQTX Sortino Ratio Rank: 1
MFQTX Omega Ratio Rank: 1
MFQTX Calmar Ratio Rank: 1
MFQTX Martin Ratio Rank: 1

VBILX

VBILX Risk / Return Rank: 14
VBILX Sharpe Ratio Rank: 14
VBILX Sortino Ratio Rank: 15
VBILX Omega Ratio Rank: 13
VBILX Calmar Ratio Rank: 14
VBILX Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MFQTX vs. VBILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AMG Veritas Global Focus Fund (MFQTX) and Vanguard Intermediate-Term Bond Index Fund Admiral Shares (VBILX). 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	VBILX	Difference
Sharpe ratio: Return per unit of total volatility	-0.59	0.98	-1.58
Sortino ratio: Return per unit of downside risk	-0.64	1.48	-2.13
Omega ratio: Gain probability vs. loss probability	0.90	1.17	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.44	1.19	-1.63
Martin ratio: Return relative to average drawdown	-0.92	3.31	-4.22

MFQTX vs. VBILX - Sharpe Ratio Comparison

The current MFQTX Sharpe Ratio is -0.59, which is lower than the VBILX Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of MFQTX and VBILX, 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. VBILX - Drawdown Comparison

The maximum MFQTX drawdown since its inception was -57.67%, which is greater than VBILX's maximum drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for MFQTX and VBILX.

Drawdown Indicators

	MFQTX	VBILX	Difference
Max Drawdown Largest peak-to-trough decline	-57.67%	-19.26%	-38.41%
Max Drawdown (1Y) Largest decline over 1 year	-23.00%	-3.43%	-19.57%
Max Drawdown (3Y) Largest decline over 3 years	-23.60%	-6.05%	-17.55%
Max Drawdown (5Y) Largest decline over 5 years	-27.69%	-19.15%	-8.54%
Max Drawdown (10Y) Largest decline over 10 years	-37.58%	-19.26%	-18.32%
Current Drawdown Current decline from peak	-16.70%	-2.31%	-14.39%
Average Drawdown Average peak-to-trough decline	-10.32%	-3.15%	-7.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.92%	1.23%	+9.69%

Volatility

MFQTX vs. VBILX - Volatility Comparison

AMG Veritas Global Focus Fund (MFQTX) has a higher volatility of 4.39% compared to Vanguard Intermediate-Term Bond Index Fund Admiral Shares (VBILX) at 1.33%. This indicates that MFQTX's price experiences larger fluctuations and is considered to be riskier than VBILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MFQTX	VBILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	1.33%	+3.06%
Volatility (6M) Calculated over the trailing 6-month period	10.57%	3.12%	+7.45%
Volatility (1Y) Calculated over the trailing 1-year period	16.98%	4.15%	+12.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.50%	6.39%	+12.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.01%	5.37%	+13.64%

MFQTX vs. VBILX - Expense Ratio Comparison

MFQTX has a 0.88% expense ratio, which is higher than VBILX's 0.06% expense ratio.

Dividends

MFQTX vs. VBILX - Dividend Comparison

MFQTX has not paid dividends to shareholders, while VBILX's dividend yield for the trailing twelve months is around 4.23%.

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%
VBILX Vanguard Intermediate-Term Bond Index Fund Admiral Shares	4.23%	4.01%	3.80%	3.09%	1.99%	3.39%	2.94%	2.73%	2.87%	2.73%	3.06%	3.09%

Frequently Asked Questions

Can I hold both MFQTX and VBILX in my portfolio?

MFQTX and VBILX have a correlation of 0.41, 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 VBILX?

MFQTX has higher volatility (4.39%) compared to VBILX (1.33%). In terms of maximum drawdown, MFQTX dropped -57.67% vs VBILX's -19.26%.

Which has better risk-adjusted returns?

VBILX currently has the higher Sharpe Ratio (0.98 vs -0.59), 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.