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 1.39%/yr vs 13.10%/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 0.44% return, which is significantly lower than TMDIX's 5.07% return. Over the past 10 years, MGFIX has underperformed TMDIX with an annualized return of 1.39%, while TMDIX has yielded a comparatively higher 13.10% annualized return.
MGFIX
- 1D
- 0.09%
- 1M
- 0.68%
- YTD
- 0.44%
- 6M
- 0.33%
- 1Y
- 5.52%
- 3Y*
- 4.30%
- 5Y*
- 0.05%
- 10Y*
- 1.39%
TMDIX
- 1D
- 0.80%
- 1M
- 5.57%
- YTD
- 5.07%
- 6M
- -6.97%
- 1Y
- -3.03%
- 3Y*
- 9.24%
- 5Y*
- 4.67%
- 10Y*
- 13.10%
MGFIX vs. TMDIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGFIX AMG GW&K ESG Bond Fund | 0.44% | 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 | 5.07% | -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 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2005 | 0.05 |
Over the past year, MGFIX and TMDIX have become more correlated (0.37) 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.
| MGFIX | TMDIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.00 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | -0.08 | +2.00 |
| Martin ratioReturn relative to average drawdown | 5.81 | -0.17 | +5.98 |
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 | TMDIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | -0.11 | +1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.23 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.62 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.54 | +0.31 |
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 | -8.50% | -12.03% | +3.53% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -7.15% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 12.08% | -11.12% |
Volatility
MGFIX vs. TMDIX - Volatility Comparison
The current volatility for AMG GW&K ESG Bond Fund (MGFIX) is 1.36%, while AMG TimesSquare Mid Cap Growth Fund (TMDIX) has a volatility of 3.92%. 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 | 1.36% | 3.92% | -2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 17.14% | -14.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 19.56% | -15.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.76% | 20.38% | -14.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.24% | 21.08% | -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 4.07%, 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 | 4.07% | 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 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMDIX has higher volatility (3.92%) compared to MGFIX (1.36%). In terms of maximum drawdown, MGFIX dropped -25.03% vs TMDIX's -48.73%.
MGFIX currently has the higher Sharpe Ratio (1.52 vs -0.11), 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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