MMCFX vs. MEQFX
MMCFX (AMG Veritas China Fund) and MEQFX (AMG River Road Large Cap Value Select Fund) are both mutual funds - MMCFX is a China Equities fund managed by AMG, while MEQFX is a Large Cap Blend Equities fund managed by AMG. Over the past 10 years, MMCFX returned 4.04%/yr vs 10.94%/yr for MEQFX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. MMCFX charges 1.14%/yr vs 0.64%/yr for MEQFX.
Performance
MMCFX vs. MEQFX - Performance Comparison
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Returns By Period
In the year-to-date period, MMCFX achieves a -0.70% return, which is significantly lower than MEQFX's 0.61% return. Over the past 10 years, MMCFX has underperformed MEQFX with an annualized return of 4.04%, while MEQFX has yielded a comparatively higher 10.94% annualized return.
MMCFX
- 1D
- 1.48%
- 1M
- -3.61%
- 6M
- -3.93%
- YTD
- -0.70%
- 1Y
- 10.83%
- 3Y*
- 1.21%
- 5Y*
- -7.55%
- 10Y*
- 4.04%
- ALL TIME*
- 7.47%
MEQFX
- 1D
- 0.46%
- 1M
- 0.97%
- 6M
- 0.56%
- YTD
- 0.61%
- 1Y
- -4.86%
- 3Y*
- 9.36%
- 5Y*
- 9.69%
- 10Y*
- 10.94%
- ALL TIME*
- 6.13%
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 |
MMCFX vs. MEQFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMCFX AMG Veritas China Fund | -0.70% | 27.88% | -0.59% | -18.35% | -26.33% | -0.49% | 17.79% | 27.49% | -5.22% | 24.07% |
MEQFX AMG River Road Large Cap Value Select Fund | 0.61% | -2.58% | 24.99% | 19.53% | -9.50% | 43.58% | -4.00% | 16.01% | 8.16% | 15.35% |
Correlation
The correlation between MMCFX and MEQFX is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 1994 | 0.66 |
Over the past year, the correlation between MMCFX and MEQFX has dropped to 0.20 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
MMCFX vs. MEQFX — Risk / Return Rank
MMCFX
MEQFX
MMCFX vs. MEQFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG Veritas China Fund (MMCFX) and AMG River Road Large Cap Value Select Fund (MEQFX). 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.
| MMCFX | MEQFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.95 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | -0.32 | +0.76 |
| Martin ratioReturn relative to average drawdown | 0.89 | -0.53 | +1.42 |
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Drawdowns
MMCFX vs. MEQFX - Drawdown Comparison
The maximum MMCFX drawdown since its inception was -70.40%, which is greater than MEQFX's maximum drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for MMCFX and MEQFX.
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Drawdown Indicators
| MMCFX | MEQFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.40% | -55.38% | -15.02% |
Max Drawdown (1Y)Largest decline over 1 year | -18.42% | -17.43% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -26.79% | -17.43% | -9.36% |
Max Drawdown (5Y)Largest decline over 5 years | -54.07% | -19.48% | -34.59% |
Max Drawdown (10Y)Largest decline over 10 years | -57.48% | -28.69% | -28.79% |
Current DrawdownCurrent decline from peak | -38.92% | -11.23% | -27.69% |
Average DrawdownAverage peak-to-trough decline | -26.72% | -12.19% | -14.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.17% | 10.39% | -1.22% |
Volatility
MMCFX vs. MEQFX - Volatility Comparison
AMG Veritas China Fund (MMCFX) has a higher volatility of 10.36% compared to AMG River Road Large Cap Value Select Fund (MEQFX) at 3.94%. This indicates that MMCFX's price experiences larger fluctuations and is considered to be riskier than MEQFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMCFX | MEQFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.36% | 3.94% | +6.42% |
Volatility (6M)Calculated over the trailing 6-month period | 20.59% | 9.51% | +11.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.47% | 17.05% | +8.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.57% | 17.55% | +8.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.05% | 19.60% | +5.45% |
MMCFX vs. MEQFX - Expense Ratio Comparison
MMCFX has a 1.14% expense ratio, which is higher than MEQFX's 0.64% expense ratio.
Dividends
MMCFX vs. MEQFX - Dividend Comparison
MMCFX's dividend yield for the trailing twelve months is around 0.33%, while MEQFX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEQFX AMG River Road Large Cap Value Select Fund | 0.00% | 0.00% | 4.48% | 0.98% | 2.13% | 27.90% | 0.00% | 9.17% | 3.40% | 30.28% | 5.96% | 11.63% |
MMCFX AMG Veritas China Fund | 0.33% | 0.32% | 1.34% | 0.83% | 0.00% | 114.57% | 4.66% | 9.14% | 25.03% | 12.44% | 0.35% | 12.74% |
Frequently Asked Questions
MMCFX and MEQFX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MMCFX has higher volatility (10.36%) compared to MEQFX (3.94%). In terms of maximum drawdown, MMCFX dropped -70.40% vs MEQFX's -55.38%.
MMCFX currently has the higher Sharpe Ratio (0.32 vs -0.32), 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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