MSEFX vs. IDMIX

Last updated Jun 23, 2026

MSEFX (iMGP Equity Fund) and IDMIX (iMGP Dolan McEniry Corporate Bond Fund) are both mutual funds - MSEFX is a Large Cap Blend Equities fund managed by iM Global Partner Fund Management, while IDMIX is a Corporate Bonds fund managed by iM Global Partner Fund Management. Over the past 5 years, MSEFX returned -0.26%/yr vs 0.84%/yr for IDMIX. At a 0.25 correlation, their price movements are largely independent. MSEFX charges 0.98%/yr vs 0.70%/yr for IDMIX.

Performance

MSEFX vs. IDMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iMGP Equity Fund (MSEFX) and iMGP Dolan McEniry Corporate Bond Fund (IDMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSEFX achieves a -0.08% return, which is significantly higher than IDMIX's -0.12% return.

MSEFX

• 1D: 0.34%
• 1M: -0.59%
• YTD: -0.08%
• 6M: -0.08%
• 1Y: 4.25%
• 3Y*: 4.28%
• 5Y*: -0.26%
• 10Y*: 7.36%

IDMIX

• 1D: 0.00%
• 1M: 0.68%
• YTD: -0.12%
• 6M: 0.55%
• 1Y: 4.20%
• 3Y*: 4.75%
• 5Y*: 0.84%
• 10Y*: —

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

MSEFX vs. IDMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MSEFX iMGP Equity Fund	-0.08%	5.15%	3.29%	17.30%	-25.22%	18.27%	19.49%	27.56%	-4.32%
IDMIX iMGP Dolan McEniry Corporate Bond Fund	-0.12%	7.58%	2.41%	5.96%	-9.71%	-1.54%	5.52%	11.26%	-0.17%

Correlation

The correlation between MSEFX and IDMIX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Oct 30, 2018	0.25

The correlation between MSEFX and IDMIX shifts across timeframes, from 0.25 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MSEFX vs. IDMIX — Risk / Return Rank

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

MSEFX

MSEFX Risk / Return Rank: 5
MSEFX Sharpe Ratio Rank: 5
MSEFX Sortino Ratio Rank: 5
MSEFX Omega Ratio Rank: 5
MSEFX Calmar Ratio Rank: 5
MSEFX Martin Ratio Rank: 6

IDMIX

IDMIX Risk / Return Rank: 33
IDMIX Sharpe Ratio Rank: 32
IDMIX Sortino Ratio Rank: 39
IDMIX Omega Ratio Rank: 34
IDMIX Calmar Ratio Rank: 27
IDMIX Martin Ratio Rank: 32

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.

MSEFX vs. IDMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iMGP Equity Fund (MSEFX) and iMGP Dolan McEniry Corporate Bond Fund (IDMIX). 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.

	MSEFX	IDMIX	Difference
Sharpe ratio: Return per unit of total volatility	0.34	1.51	-1.18
Sortino ratio: Return per unit of downside risk	0.54	2.42	-1.87
Omega ratio: Gain probability vs. loss probability	1.06	1.29	-0.22
Calmar ratio: Return relative to maximum drawdown	0.37	1.82	-1.45
Martin ratio: Return relative to average drawdown	1.30	6.77	-5.47

MSEFX vs. IDMIX - Sharpe Ratio Comparison

The current MSEFX Sharpe Ratio is 0.34, which is lower than the IDMIX Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of MSEFX and IDMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MSEFX vs. IDMIX - Drawdown Comparison

The maximum MSEFX drawdown since its inception was -61.12%, which is greater than IDMIX's maximum drawdown of -14.19%. Use the drawdown chart below to compare losses from any high point for MSEFX and IDMIX.

Drawdown Indicators

	MSEFX	IDMIX	Difference
Max Drawdown Largest peak-to-trough decline	-61.12%	-14.19%	-46.93%
Max Drawdown (1Y) Largest decline over 1 year	-10.52%	-2.38%	-8.14%
Max Drawdown (3Y) Largest decline over 3 years	-14.30%	-3.81%	-10.49%
Max Drawdown (5Y) Largest decline over 5 years	-36.93%	-14.19%	-22.74%
Max Drawdown (10Y) Largest decline over 10 years	-36.93%	—	—
Current Drawdown Current decline from peak	-8.38%	-0.58%	-7.80%
Average Drawdown Average peak-to-trough decline	-10.62%	-3.74%	-6.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	0.64%	+2.36%

Volatility

MSEFX vs. IDMIX - Volatility Comparison

iMGP Equity Fund (MSEFX) has a higher volatility of 4.57% compared to iMGP Dolan McEniry Corporate Bond Fund (IDMIX) at 0.87%. This indicates that MSEFX's price experiences larger fluctuations and is considered to be riskier than IDMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSEFX	IDMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	0.87%	+3.70%
Volatility (6M) Calculated over the trailing 6-month period	9.11%	2.24%	+6.87%
Volatility (1Y) Calculated over the trailing 1-year period	11.58%	2.86%	+8.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.00%	3.87%	+12.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.85%	4.07%	+13.78%

MSEFX vs. IDMIX - Expense Ratio Comparison

MSEFX has a 0.98% expense ratio, which is higher than IDMIX's 0.70% expense ratio.

Dividends

MSEFX vs. IDMIX - Dividend Comparison

MSEFX's dividend yield for the trailing twelve months is around 3.40%, less than IDMIX's 4.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDMIX iMGP Dolan McEniry Corporate Bond Fund	4.25%	4.53%	2.90%	2.42%	0.51%	1.25%	2.43%	2.96%	0.94%	0.00%	0.00%	0.00%
MSEFX iMGP Equity Fund	3.40%	3.40%	7.44%	4.08%	31.07%	16.28%	12.45%	9.07%	14.47%	7.93%	5.87%	9.89%

Frequently Asked Questions

Can I hold both MSEFX and IDMIX in my portfolio?

MSEFX and IDMIX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSEFX or IDMIX?

MSEFX has higher volatility (4.57%) compared to IDMIX (0.87%). In terms of maximum drawdown, MSEFX dropped -61.12% vs IDMIX's -14.19%.

Which has better risk-adjusted returns?

IDMIX currently has the higher Sharpe Ratio (1.51 vs 0.34), 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.