MGFIX vs. GUGAX
Compare and contrast key facts about AMG GW&K ESG Bond Fund (MGFIX) and GMO Multi-Sector Fixed Income Fund (GUGAX).
MGFIX is managed by AMG. It was launched on Jun 1, 1984. GUGAX is managed by GMO. It was launched on Apr 30, 1997.
Performance
MGFIX vs. GUGAX - Performance Comparison
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MGFIX vs. GUGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGFIX AMG GW&K ESG Bond Fund | -0.84% | 7.26% | 1.50% | 6.69% | -13.17% | -9.68% | 7.34% | 11.11% | -1.82% | 6.78% |
GUGAX GMO Multi-Sector Fixed Income Fund | 0.96% | 7.29% | 0.96% | 6.02% | -14.52% | -3.17% | 4.91% | 9.66% | 2.13% | 4.44% |
Returns By Period
In the year-to-date period, MGFIX achieves a -0.84% return, which is significantly lower than GUGAX's 0.96% return. Over the past 10 years, MGFIX has underperformed GUGAX with an annualized return of 1.44%, while GUGAX has yielded a comparatively higher 1.60% annualized return.
MGFIX
- 1D
- 0.32%
- 1M
- -2.11%
- YTD
- -0.84%
- 6M
- -0.19%
- 1Y
- 3.44%
- 3Y*
- 3.65%
- 5Y*
- -0.10%
- 10Y*
- 1.44%
GUGAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.96%
- 6M
- 1.61%
- 1Y
- 4.77%
- 3Y*
- 4.05%
- 5Y*
- 0.05%
- 10Y*
- 1.60%
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MGFIX vs. GUGAX - Expense Ratio Comparison
MGFIX has a 0.68% expense ratio, which is higher than GUGAX's 0.45% expense ratio.
Return for Risk
MGFIX vs. GUGAX — Risk / Return Rank
MGFIX
GUGAX
MGFIX vs. GUGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG GW&K ESG Bond Fund (MGFIX) and GMO Multi-Sector Fixed Income Fund (GUGAX). 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.
| MGFIX | GUGAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 1.34 | -0.42 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.95 | -0.67 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.26 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.76 | -0.40 |
Martin ratioReturn relative to average drawdown | 4.94 | 6.51 | -1.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MGFIX | GUGAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.34 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.01 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.30 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.08 | +0.76 |
Correlation
The correlation between MGFIX and GUGAX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MGFIX vs. GUGAX - Dividend Comparison
MGFIX's dividend yield for the trailing twelve months is around 3.65%, less than GUGAX's 4.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGFIX AMG GW&K ESG Bond Fund | 3.65% | 3.85% | 3.56% | 2.94% | 2.41% | 2.21% | 3.38% | 4.20% | 3.89% | 3.81% | 4.96% | 4.17% |
GUGAX GMO Multi-Sector Fixed Income Fund | 4.52% | 3.69% | 4.34% | 0.00% | 1.94% | 2.90% | 7.96% | 5.74% | 5.08% | 2.43% | 3.29% | 1.76% |
Drawdowns
MGFIX vs. GUGAX - Drawdown Comparison
The maximum MGFIX drawdown since its inception was -25.03%, smaller than the maximum GUGAX drawdown of -38.57%. Use the drawdown chart below to compare losses from any high point for MGFIX and GUGAX.
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Drawdown Indicators
| MGFIX | GUGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.03% | -38.57% | +13.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.27% | -3.08% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -19.68% | -20.53% | +0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -25.03% | -23.06% | -1.97% |
Current DrawdownCurrent decline from peak | -9.67% | -6.72% | -2.95% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -11.29% | +6.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.84% | +0.06% |
Volatility
MGFIX vs. GUGAX - Volatility Comparison
AMG GW&K ESG Bond Fund (MGFIX) has a higher volatility of 1.69% compared to GMO Multi-Sector Fixed Income Fund (GUGAX) at 0.00%. This indicates that MGFIX's price experiences larger fluctuations and is considered to be riskier than GUGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGFIX | GUGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 0.00% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 2.51% | 1.82% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 4.02% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.74% | 6.57% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.23% | 5.44% | -0.21% |