MGSEX vs. DFRSX
MGSEX (AMG Veritas Asia Pacific Fund) and DFRSX (DFA Asia Pacific Small Company) are both Asia Pacific Equities funds. Over the past 10 years, MGSEX returned 14.72%/yr vs 5.87%/yr for DFRSX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. MGSEX charges 1.18%/yr vs 0.42%/yr for DFRSX.
Performance
MGSEX vs. DFRSX - Performance Comparison
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Returns By Period
In the year-to-date period, MGSEX achieves a 21.75% return, which is significantly higher than DFRSX's 2.00% return. Over the past 10 years, MGSEX has outperformed DFRSX with an annualized return of 14.72%, while DFRSX has yielded a comparatively lower 5.87% annualized return.
MGSEX
- 1D
- 4.78%
- 1M
- -11.74%
- 6M
- 9.52%
- YTD
- 21.75%
- 1Y
- 45.09%
- 3Y*
- 19.68%
- 5Y*
- 4.13%
- 10Y*
- 14.72%
- ALL TIME*
- 10.61%
DFRSX
- 1D
- 1.30%
- 1M
- 1.86%
- 6M
- -4.66%
- YTD
- 2.00%
- 1Y
- 18.76%
- 3Y*
- 11.51%
- 5Y*
- 3.99%
- 10Y*
- 5.87%
- ALL TIME*
- 6.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MGSEX vs. DFRSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGSEX AMG Veritas Asia Pacific Fund | 21.75% | 41.56% | 7.23% | -4.82% | -27.91% | 0.83% | 38.74% | 80.58% | -3.77% | 20.26% |
DFRSX DFA Asia Pacific Small Company | 2.00% | 34.73% | 0.27% | 3.99% | -16.96% | 12.59% | 14.24% | 13.30% | -15.48% | 25.17% |
Correlation
The correlation between MGSEX and DFRSX is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 1996 | 0.52 |
The correlation between MGSEX and DFRSX shifts across timeframes, from 0.52 (all time) to 0.69 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MGSEX vs. DFRSX — Risk / Return Rank
MGSEX
DFRSX
MGSEX vs. DFRSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG Veritas Asia Pacific Fund (MGSEX) and DFA Asia Pacific Small Company (DFRSX). 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.
| MGSEX | DFRSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.25 | +0.43 |
| Martin ratioReturn relative to average drawdown | 6.28 | 3.06 | +3.22 |
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Drawdowns
MGSEX vs. DFRSX - Drawdown Comparison
The maximum MGSEX drawdown since its inception was -62.06%, smaller than the maximum DFRSX drawdown of -69.06%. Use the drawdown chart below to compare losses from any high point for MGSEX and DFRSX.
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Drawdown Indicators
| MGSEX | DFRSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.06% | -69.06% | +7.00% |
Max Drawdown (1Y)Largest decline over 1 year | -25.18% | -14.20% | -10.98% |
Max Drawdown (3Y)Largest decline over 3 years | -25.18% | -21.29% | -3.89% |
Max Drawdown (5Y)Largest decline over 5 years | -42.34% | -30.18% | -12.16% |
Max Drawdown (10Y)Largest decline over 10 years | -45.32% | -46.25% | +0.93% |
Current DrawdownCurrent decline from peak | -21.61% | -8.25% | -13.36% |
Average DrawdownAverage peak-to-trough decline | -13.86% | -17.18% | +3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.71% | 5.77% | +0.94% |
Volatility
MGSEX vs. DFRSX - Volatility Comparison
AMG Veritas Asia Pacific Fund (MGSEX) has a higher volatility of 12.69% compared to DFA Asia Pacific Small Company (DFRSX) at 4.50%. This indicates that MGSEX's price experiences larger fluctuations and is considered to be riskier than DFRSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGSEX | DFRSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.69% | 4.50% | +8.19% |
Volatility (6M)Calculated over the trailing 6-month period | 29.00% | 13.72% | +15.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.93% | 16.47% | +15.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.81% | 17.41% | +4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.70% | 17.05% | +9.65% |
MGSEX vs. DFRSX - Expense Ratio Comparison
MGSEX has a 1.18% expense ratio, which is higher than DFRSX's 0.42% expense ratio.
Dividends
MGSEX vs. DFRSX - Dividend Comparison
MGSEX's dividend yield for the trailing twelve months is around 0.11%, less than DFRSX's 4.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFRSX DFA Asia Pacific Small Company | 4.82% | 4.92% | 4.66% | 4.70% | 9.99% | 12.82% | 2.91% | 4.56% | 3.48% | 4.01% | 3.79% | 3.96% |
MGSEX AMG Veritas Asia Pacific Fund | 0.11% | 0.14% | 0.47% | 0.11% | 0.00% | 83.77% | 4.35% | 59.30% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MGSEX and DFRSX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGSEX has higher volatility (12.69%) compared to DFRSX (4.50%). In terms of maximum drawdown, MGSEX dropped -62.06% vs DFRSX's -69.06%.
MGSEX currently has the higher Sharpe Ratio (1.32 vs 1.08), 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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