MGSEX vs. WAINX
MGSEX (AMG Veritas Asia Pacific Fund) and WAINX (Wasatch Emerging India Fund) are both mutual funds - MGSEX is a Asia Pacific Equities fund managed by AMG, while WAINX is a India Equities fund managed by Wasatch. Over the past 10 years, MGSEX returned 15.16%/yr vs 9.28%/yr for WAINX. Their 0.35 correlation means their historical movements had little consistent relationship. MGSEX charges 1.18%/yr vs 1.51%/yr for WAINX.
Performance
MGSEX vs. WAINX - Performance Comparison
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Returns By Period
In the year-to-date period, MGSEX achieves a 24.78% return, which is significantly higher than WAINX's 1.20% return. Over the past 10 years, MGSEX has outperformed WAINX with an annualized return of 15.16%, while WAINX has yielded a comparatively lower 9.28% annualized return.
MGSEX
- 1D
- 2.49%
- 1M
- -9.54%
- 6M
- 13.39%
- YTD
- 24.78%
- 1Y
- 48.70%
- 3Y*
- 21.18%
- 5Y*
- 4.64%
- 10Y*
- 15.16%
- ALL TIME*
- 10.68%
WAINX
- 1D
- 0.72%
- 1M
- 0.96%
- 6M
- 10.21%
- YTD
- 1.20%
- 1Y
- -1.96%
- 3Y*
- 5.23%
- 5Y*
- 2.86%
- 10Y*
- 9.28%
- ALL TIME*
- 9.62%
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. WAINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGSEX AMG Veritas Asia Pacific Fund | 24.78% | 41.56% | 7.23% | -4.82% | -27.91% | 0.83% | 38.74% | 80.58% | -3.77% | 20.26% |
WAINX Wasatch Emerging India Fund | 1.20% | -5.33% | 9.23% | 20.90% | -21.77% | 37.56% | 17.63% | 13.78% | -5.45% | 53.39% |
Correlation
The correlation between MGSEX and WAINX is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2011 | 0.35 |
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Return for Risk
MGSEX vs. WAINX — Risk / Return Rank
MGSEX
WAINX
MGSEX vs. WAINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG Veritas Asia Pacific Fund (MGSEX) and Wasatch Emerging India Fund (WAINX). 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 | WAINX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.00 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | -0.08 | +1.90 |
| Martin ratioReturn relative to average drawdown | 6.71 | -0.18 | +6.89 |
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Drawdowns
MGSEX vs. WAINX - Drawdown Comparison
The maximum MGSEX drawdown since its inception was -62.06%, which is greater than WAINX's maximum drawdown of -41.34%. Use the drawdown chart below to compare losses from any high point for MGSEX and WAINX.
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Drawdown Indicators
| MGSEX | WAINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.06% | -41.34% | -20.72% |
Max Drawdown (1Y)Largest decline over 1 year | -25.18% | -25.11% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -25.18% | -31.01% | +5.83% |
Max Drawdown (5Y)Largest decline over 5 years | -42.34% | -31.01% | -11.33% |
Max Drawdown (10Y)Largest decline over 10 years | -45.32% | -41.34% | -3.98% |
Current DrawdownCurrent decline from peak | -19.66% | -12.51% | -7.15% |
Average DrawdownAverage peak-to-trough decline | -13.87% | -9.37% | -4.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.82% | 10.67% | -3.85% |
Volatility
MGSEX vs. WAINX - Volatility Comparison
AMG Veritas Asia Pacific Fund (MGSEX) has a higher volatility of 12.88% compared to Wasatch Emerging India Fund (WAINX) at 5.75%. This indicates that MGSEX's price experiences larger fluctuations and is considered to be riskier than WAINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGSEX | WAINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.88% | 5.75% | +7.13% |
Volatility (6M)Calculated over the trailing 6-month period | 29.09% | 14.43% | +14.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.00% | 17.33% | +14.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.83% | 17.43% | +4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.72% | 19.09% | +7.63% |
MGSEX vs. WAINX - Expense Ratio Comparison
MGSEX has a 1.18% expense ratio, which is lower than WAINX's 1.51% expense ratio.
Dividends
MGSEX vs. WAINX - Dividend Comparison
MGSEX's dividend yield for the trailing twelve months is around 0.11%, less than WAINX's 28.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WAINX Wasatch Emerging India Fund | 28.83% | 29.17% | 20.19% | 4.23% | 1.15% | 4.29% | 0.00% | 0.32% | 6.95% | 2.91% | 1.06% | 1.40% |
Frequently Asked Questions
MGSEX and WAINX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGSEX has higher volatility (12.88%) compared to WAINX (5.75%). In terms of maximum drawdown, MGSEX dropped -62.06% vs WAINX's -41.34%.
MGSEX currently has the higher Sharpe Ratio (1.43 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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