MGSEX vs. OBCHX
MGSEX (AMG Veritas Asia Pacific Fund) and OBCHX (Oberweis China Opportunities Fund) are both mutual funds - MGSEX is a Asia Pacific Equities fund managed by AMG, while OBCHX is a China Equities fund managed by Oberweis. Over the past 10 years, MGSEX returned 16.19%/yr vs 10.36%/yr for OBCHX. A 0.63 correlation means they provide meaningful diversification when combined. MGSEX charges 1.18%/yr vs 2.03%/yr for OBCHX.
Performance
MGSEX vs. OBCHX - Performance Comparison
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Returns By Period
In the year-to-date period, MGSEX achieves a 36.24% return, which is significantly higher than OBCHX's 30.70% return. Over the past 10 years, MGSEX has outperformed OBCHX with an annualized return of 16.19%, while OBCHX has yielded a comparatively lower 10.36% annualized return.
MGSEX
- 1D
- -0.06%
- 1M
- -4.76%
- 6M
- 26.39%
- YTD
- 36.24%
- 1Y
- 66.38%
- 3Y*
- 26.14%
- 5Y*
- 5.97%
- 10Y*
- 16.19%
OBCHX
- 1D
- -1.88%
- 1M
- 1.62%
- 6M
- 20.65%
- YTD
- 30.70%
- 1Y
- 51.76%
- 3Y*
- 25.04%
- 5Y*
- 1.07%
- 10Y*
- 10.36%
MGSEX vs. OBCHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGSEX AMG Veritas Asia Pacific Fund | 36.24% | 41.56% | 7.23% | -4.82% | -27.91% | 0.83% | 38.74% | 80.58% | -3.77% | 20.26% |
OBCHX Oberweis China Opportunities Fund | 30.70% | 40.89% | 7.28% | -7.70% | -37.21% | -5.16% | 57.06% | 36.32% | -25.94% | 54.99% |
Correlation
The correlation between MGSEX and OBCHX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2005 | 0.63 |
The correlation between MGSEX and OBCHX has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.
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Return for Risk
MGSEX vs. OBCHX — Risk / Return Rank
MGSEX
OBCHX
MGSEX vs. OBCHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG Veritas Asia Pacific Fund (MGSEX) and Oberweis China Opportunities Fund (OBCHX). 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 | OBCHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.57 | 5.46 | -0.89 |
| Martin ratioReturn relative to average drawdown | 13.04 | 13.27 | -0.23 |
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Drawdowns
MGSEX vs. OBCHX - Drawdown Comparison
The maximum MGSEX drawdown since its inception was -62.06%, smaller than the maximum OBCHX drawdown of -74.03%. Use the drawdown chart below to compare losses from any high point for MGSEX and OBCHX.
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Drawdown Indicators
| MGSEX | OBCHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.06% | -74.03% | +11.97% |
Max Drawdown (1Y)Largest decline over 1 year | -14.34% | -9.59% | -4.75% |
Max Drawdown (3Y)Largest decline over 3 years | -19.30% | -23.88% | +4.58% |
Max Drawdown (5Y)Largest decline over 5 years | -42.34% | -51.78% | +9.44% |
Max Drawdown (10Y)Largest decline over 10 years | -45.32% | -59.47% | +14.15% |
Current DrawdownCurrent decline from peak | -12.28% | -12.88% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -13.86% | -25.64% | +11.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.00% | 3.94% | +1.06% |
Volatility
MGSEX vs. OBCHX - Volatility Comparison
AMG Veritas Asia Pacific Fund (MGSEX) has a higher volatility of 15.83% compared to Oberweis China Opportunities Fund (OBCHX) at 9.24%. This indicates that MGSEX's price experiences larger fluctuations and is considered to be riskier than OBCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGSEX | OBCHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.83% | 9.24% | +6.59% |
Volatility (6M)Calculated over the trailing 6-month period | 27.06% | 18.46% | +8.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.09% | 23.88% | +6.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.42% | 27.04% | -5.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.49% | 25.30% | +1.19% |
MGSEX vs. OBCHX - Expense Ratio Comparison
MGSEX has a 1.18% expense ratio, which is lower than OBCHX's 2.03% expense ratio.
Dividends
MGSEX vs. OBCHX - Dividend Comparison
MGSEX's dividend yield for the trailing twelve months is around 0.10%, less than OBCHX's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGSEX AMG Veritas Asia Pacific Fund | 0.10% | 0.14% | 0.47% | 0.11% | 0.00% | 83.77% | 4.35% | 59.30% | 0.00% | 0.00% | 0.00% | 0.00% |
OBCHX Oberweis China Opportunities Fund | 0.77% | 1.01% | 2.16% | 0.46% | 1.22% | 41.65% | 11.50% | 3.37% | 26.11% | 6.26% | 0.81% | 11.05% |
Frequently Asked Questions
MGSEX and OBCHX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGSEX has higher volatility (15.83%) compared to OBCHX (9.24%). In terms of maximum drawdown, MGSEX dropped -62.06% vs OBCHX's -74.03%.
OBCHX currently has the higher Sharpe Ratio (2.19 vs 2.18), 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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