MRGCX vs. AMFEX

Last updated Jun 5, 2026

MRGCX (MFS Core Equity Fund Class C) and AMFEX (AAMA Equity Fund) are both Large Cap Blend Equities funds. Over the past 5 years, MRGCX returned 11.52%/yr vs 11.29%/yr for AMFEX. With a 0.96 correlation, they move nearly in lockstep. MRGCX charges 1.63%/yr vs 1.17%/yr for AMFEX.

Performance

MRGCX vs. AMFEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Core Equity Fund Class C (MRGCX) and AAMA Equity Fund (AMFEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MRGCX achieves a 6.90% return, which is significantly lower than AMFEX's 13.04% return.

MRGCX

• 1D: -0.84%
• 1M: 1.77%
• YTD: 6.90%
• 6M: 6.64%
• 1Y: 17.86%
• 3Y*: 20.23%
• 5Y*: 11.52%
• 10Y*: 14.42%

AMFEX

• 1D: -0.28%
• 1M: 3.51%
• YTD: 13.04%
• 6M: 13.28%
• 1Y: 28.47%
• 3Y*: 19.12%
• 5Y*: 11.29%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MRGCX vs. AMFEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MRGCX MFS Core Equity Fund Class C	6.90%	11.47%	31.22%	21.54%	-17.85%	24.35%	17.64%	33.99%	-10.21%
AMFEX AAMA Equity Fund	13.04%	17.33%	16.28%	17.32%	-14.08%	22.58%	12.70%	24.62%	-9.60%

Correlation

The correlation between MRGCX and AMFEX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Nov 8, 2018	0.96

The correlation between MRGCX and AMFEX shifts across timeframes, from 0.85 (1 year) to 0.96 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MRGCX vs. AMFEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MRGCX

MRGCX Risk / Return Rank: 31
MRGCX Sharpe Ratio Rank: 31
MRGCX Sortino Ratio Rank: 29
MRGCX Omega Ratio Rank: 30
MRGCX Calmar Ratio Rank: 28
MRGCX Martin Ratio Rank: 37

AMFEX

AMFEX Risk / Return Rank: 88
AMFEX Sharpe Ratio Rank: 90
AMFEX Sortino Ratio Rank: 85
AMFEX Omega Ratio Rank: 80
AMFEX Calmar Ratio Rank: 90
AMFEX Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MRGCX vs. AMFEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Core Equity Fund Class C (MRGCX) and AAMA Equity Fund (AMFEX). 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.

	MRGCX	AMFEX	Difference
Sharpe ratio: Return per unit of total volatility	1.52	2.98	-1.46
Sortino ratio: Return per unit of downside risk	2.15	4.08	-1.93
Omega ratio: Gain probability vs. loss probability	1.27	1.53	-0.26
Calmar ratio: Return relative to maximum drawdown	1.89	4.68	-2.79
Martin ratio: Return relative to average drawdown	7.91	20.08	-12.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MRGCX vs. AMFEX - Sharpe Ratio Comparison

The current MRGCX Sharpe Ratio is 1.52, which is lower than the AMFEX Sharpe Ratio of 2.98. The chart below compares the historical Sharpe Ratios of MRGCX and AMFEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MRGCX	AMFEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	2.98	-1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.80	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.73	-0.25

Drawdowns

MRGCX vs. AMFEX - Drawdown Comparison

The maximum MRGCX drawdown since its inception was -54.44%, which is greater than AMFEX's maximum drawdown of -30.41%. Use the drawdown chart below to compare losses from any high point for MRGCX and AMFEX.

Drawdown Indicators

	MRGCX	AMFEX	Difference
Max Drawdown Largest peak-to-trough decline	-54.44%	-30.41%	-24.03%
Max Drawdown (1Y) Largest decline over 1 year	-9.64%	-6.07%	-3.57%
Max Drawdown (3Y) Largest decline over 3 years	-19.35%	-15.23%	-4.12%
Max Drawdown (5Y) Largest decline over 5 years	-23.55%	-21.21%	-2.34%
Max Drawdown (10Y) Largest decline over 10 years	-33.47%	—	—
Current Drawdown Current decline from peak	-1.03%	-0.28%	-0.75%
Average Drawdown Average peak-to-trough decline	-9.06%	-4.30%	-4.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	1.41%	+0.88%

Volatility

MRGCX vs. AMFEX - Volatility Comparison

MFS Core Equity Fund Class C (MRGCX) has a higher volatility of 2.73% compared to AAMA Equity Fund (AMFEX) at 2.36%. This indicates that MRGCX's price experiences larger fluctuations and is considered to be riskier than AMFEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRGCX	AMFEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	2.36%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	9.16%	7.16%	+2.00%
Volatility (1Y) Calculated over the trailing 1-year period	11.97%	9.53%	+2.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.29%	14.18%	+3.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.03%	16.94%	+1.09%

MRGCX vs. AMFEX - Expense Ratio Comparison

MRGCX has a 1.63% expense ratio, which is higher than AMFEX's 1.17% expense ratio.

Dividends

MRGCX vs. AMFEX - Dividend Comparison

MRGCX's dividend yield for the trailing twelve months is around 15.85%, more than AMFEX's 10.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMFEX AAMA Equity Fund	10.61%	11.99%	9.19%	0.92%	4.82%	0.22%	0.44%	0.78%	0.83%	0.00%	0.00%	0.00%
MRGCX MFS Core Equity Fund Class C	15.85%	16.94%	19.09%	2.31%	4.16%	8.53%	1.36%	3.45%	12.15%	7.14%	3.44%	11.73%

Frequently Asked Questions

Can I hold both MRGCX and AMFEX in my portfolio?

MRGCX and AMFEX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MRGCX or AMFEX?

MRGCX has higher volatility (2.73%) compared to AMFEX (2.36%). In terms of maximum drawdown, MRGCX dropped -54.44% vs AMFEX's -30.41%.

Which has better risk-adjusted returns?

AMFEX currently has the higher Sharpe Ratio (2.98 vs 1.52), 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.