MGFIX vs. TMDIX
MGFIX (AMG GW&K ESG Bond Fund) and TMDIX (AMG TimesSquare Mid Cap Growth Fund) are both mutual funds - MGFIX is a Intermediate Core-Plus Bond fund managed by AMG, while TMDIX is a Mid Cap Growth Equities fund managed by AMG. Over the past 10 years, MGFIX returned 1.18%/yr vs 13.03%/yr for TMDIX. At a 0.05 correlation, their price movements are largely independent. MGFIX charges 0.68%/yr vs 0.98%/yr for TMDIX.
Performance
MGFIX vs. TMDIX - Performance Comparison
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Returns By Period
In the year-to-date period, MGFIX achieves a 0.23% return, which is significantly lower than TMDIX's 6.67% return. Over the past 10 years, MGFIX has underperformed TMDIX with an annualized return of 1.18%, while TMDIX has yielded a comparatively higher 13.03% annualized return.
MGFIX
- 1D
- 0.18%
- 1M
- -0.49%
- 6M
- -0.22%
- YTD
- 0.23%
- 1Y
- 4.19%
- 3Y*
- 4.12%
- 5Y*
- -0.31%
- 10Y*
- 1.18%
TMDIX
- 1D
- -0.39%
- 1M
- 1.65%
- 6M
- 2.93%
- YTD
- 6.67%
- 1Y
- -2.93%
- 3Y*
- 7.68%
- 5Y*
- 4.01%
- 10Y*
- 13.03%
MGFIX vs. TMDIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGFIX AMG GW&K ESG Bond Fund | 0.23% | 7.26% | 1.50% | 6.69% | -13.17% | -9.68% | 7.34% | 11.11% | -1.82% | 6.78% |
TMDIX AMG TimesSquare Mid Cap Growth Fund | 6.67% | -1.76% | 10.84% | 25.07% | -22.26% | 16.75% | 33.42% | 63.26% | -4.28% | 22.66% |
Correlation
The correlation between MGFIX and TMDIX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2005 | 0.05 |
Over the past year, MGFIX and TMDIX have become more correlated (0.39) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
MGFIX vs. TMDIX — Risk / Return Rank
MGFIX
TMDIX
MGFIX vs. TMDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG GW&K ESG Bond Fund (MGFIX) 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.
| MGFIX | TMDIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.00 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | -0.10 | +1.59 |
| Martin ratioReturn relative to average drawdown | 4.15 | -0.20 | +4.35 |
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Drawdowns
MGFIX vs. TMDIX - Drawdown Comparison
The maximum MGFIX drawdown since its inception was -25.03%, smaller than the maximum TMDIX drawdown of -48.73%. Use the drawdown chart below to compare losses from any high point for MGFIX and TMDIX.
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Drawdown Indicators
| MGFIX | TMDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.03% | -48.73% | +23.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -25.45% | +22.52% |
Max Drawdown (3Y)Largest decline over 3 years | -6.75% | -25.45% | +18.70% |
Max Drawdown (5Y)Largest decline over 5 years | -19.68% | -30.53% | +10.85% |
Max Drawdown (10Y)Largest decline over 10 years | -25.03% | -35.44% | +10.41% |
Current DrawdownCurrent decline from peak | -8.69% | -10.68% | +1.99% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -7.18% | +2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 12.69% | -11.64% |
Volatility
MGFIX vs. TMDIX - Volatility Comparison
The current volatility for AMG GW&K ESG Bond Fund (MGFIX) is 1.08%, while AMG TimesSquare Mid Cap Growth Fund (TMDIX) has a volatility of 5.05%. This indicates that MGFIX 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
| MGFIX | TMDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 5.05% | -3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 13.80% | -10.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 20.41% | -16.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.78% | 20.56% | -14.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.25% | 21.09% | -15.84% |
MGFIX vs. TMDIX - Expense Ratio Comparison
MGFIX has a 0.68% expense ratio, which is lower than TMDIX's 0.98% expense ratio.
Dividends
MGFIX vs. TMDIX - Dividend Comparison
MGFIX's dividend yield for the trailing twelve months is around 4.11%, while TMDIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGFIX AMG GW&K ESG Bond Fund | 4.11% | 3.85% | 3.56% | 2.94% | 2.41% | 2.21% | 3.38% | 4.20% | 3.89% | 3.81% | 4.96% | 4.17% |
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
MGFIX and TMDIX 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.
TMDIX has higher volatility (5.05%) compared to MGFIX (1.08%). In terms of maximum drawdown, MGFIX dropped -25.03% vs TMDIX's -48.73%.
MGFIX currently has the higher Sharpe Ratio (1.20 vs -0.12), 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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