MGFIX vs. MEQFX
MGFIX (AMG GW&K ESG Bond Fund) and MEQFX (AMG River Road Large Cap Value Select Fund) are both mutual funds - MGFIX is a Intermediate Core-Plus Bond fund managed by AMG, while MEQFX is a Large Cap Blend Equities fund managed by AMG. Over the past 10 years, MGFIX returned 1.36%/yr vs 10.84%/yr for MEQFX. At a 0.06 correlation, their price movements are largely independent. MGFIX charges 0.68%/yr vs 0.64%/yr for MEQFX.
Performance
MGFIX vs. MEQFX - Performance Comparison
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Returns By Period
In the year-to-date period, MGFIX achieves a 0.35% return, which is significantly higher than MEQFX's -4.74% return. Over the past 10 years, MGFIX has underperformed MEQFX with an annualized return of 1.36%, while MEQFX has yielded a comparatively higher 10.84% annualized return.
MGFIX
- 1D
- -0.27%
- 1M
- 0.63%
- YTD
- 0.35%
- 6M
- 0.44%
- 1Y
- 4.31%
- 3Y*
- 4.22%
- 5Y*
- -0.10%
- 10Y*
- 1.36%
MEQFX
- 1D
- -1.11%
- 1M
- -0.43%
- YTD
- -4.74%
- 6M
- -5.74%
- 1Y
- -9.31%
- 3Y*
- 9.89%
- 5Y*
- 9.07%
- 10Y*
- 10.84%
MGFIX vs. MEQFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGFIX AMG GW&K ESG Bond Fund | 0.35% | 7.26% | 1.50% | 6.69% | -13.17% | -9.68% | 7.34% | 11.11% | -1.82% | 6.78% |
MEQFX AMG River Road Large Cap Value Select Fund | -4.74% | -2.58% | 24.99% | 19.53% | -9.50% | 43.58% | -4.00% | 16.01% | 8.16% | 15.35% |
Correlation
The correlation between MGFIX and MEQFX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 1992 | 0.06 |
Over the past year, MGFIX and MEQFX have become more correlated (0.43) than their long-term average of 0.06, meaning their price movements have been converging.
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Return for Risk
MGFIX vs. MEQFX — Risk / Return Rank
MGFIX
MEQFX
MGFIX vs. MEQFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG GW&K ESG Bond Fund (MGFIX) and AMG River Road Large Cap Value Select Fund (MEQFX). 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.
| MGFIX | MEQFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.77 | ||
| Sortino ratioReturn per unit of downside risk | +2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.91 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | -0.50 | +2.07 |
| Martin ratioReturn relative to average drawdown | 4.51 | -0.93 | +5.43 |
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Drawdowns
MGFIX vs. MEQFX - Drawdown Comparison
The maximum MGFIX drawdown since its inception was -25.03%, smaller than the maximum MEQFX drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for MGFIX and MEQFX.
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Drawdown Indicators
| MGFIX | MEQFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.03% | -55.38% | +30.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -17.43% | +14.50% |
Max Drawdown (3Y)Largest decline over 3 years | -6.75% | -17.43% | +10.68% |
Max Drawdown (5Y)Largest decline over 5 years | -19.68% | -19.48% | -0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -25.03% | -28.69% | +3.66% |
Current DrawdownCurrent decline from peak | -8.58% | -15.95% | +7.37% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -12.19% | +7.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 9.44% | -8.43% |
Volatility
MGFIX vs. MEQFX - Volatility Comparison
The current volatility for AMG GW&K ESG Bond Fund (MGFIX) is 1.07%, while AMG River Road Large Cap Value Select Fund (MEQFX) has a volatility of 3.77%. This indicates that MGFIX experiences smaller price fluctuations and is considered to be less risky than MEQFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGFIX | MEQFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 3.77% | -2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 14.99% | -12.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 17.05% | -13.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.78% | 17.52% | -11.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.25% | 19.62% | -14.37% |
MGFIX vs. MEQFX - Expense Ratio Comparison
MGFIX has a 0.68% expense ratio, which is higher than MEQFX's 0.64% expense ratio.
Dividends
MGFIX vs. MEQFX - Dividend Comparison
MGFIX's dividend yield for the trailing twelve months is around 4.07%, while MEQFX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEQFX AMG River Road Large Cap Value Select Fund | 0.00% | 0.00% | 4.48% | 0.98% | 2.13% | 27.90% | 0.00% | 9.17% | 3.40% | 30.28% | 5.96% | 11.63% |
MGFIX AMG GW&K ESG Bond Fund | 4.07% | 3.85% | 3.56% | 2.94% | 2.41% | 2.21% | 3.38% | 4.20% | 3.89% | 3.81% | 4.96% | 4.17% |
Frequently Asked Questions
MGFIX and MEQFX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEQFX has higher volatility (3.77%) compared to MGFIX (1.07%). In terms of maximum drawdown, MGFIX dropped -25.03% vs MEQFX's -55.38%.
MGFIX currently has the higher Sharpe Ratio (1.25 vs -0.52), 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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