MSSCX vs. YAFFX

Last updated Apr 1, 2026

Compare and contrast key facts about AMG Frontier Small Cap Growth Fund (MSSCX) and AMG Yacktman Focused Fund (YAFFX).

MSSCX is managed by AMG. It was launched on Sep 24, 1997. YAFFX is managed by AMG. It was launched on May 1, 1997.

Performance

MSSCX vs. YAFFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AMG Frontier Small Cap Growth Fund (MSSCX) and AMG Yacktman Focused Fund (YAFFX). The values are adjusted to include any dividend payments, if applicable.

MSSCX vs. YAFFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MSSCX AMG Frontier Small Cap Growth Fund	-1.27%	7.63%	10.88%	23.41%	-21.47%	16.33%	39.13%	46.03%	2.22%	21.23%
YAFFX AMG Yacktman Focused Fund	8.59%	3.89%	9.30%	16.53%	-8.20%	16.48%	17.22%	19.21%	2.99%	20.07%

Returns By Period

In the year-to-date period, MSSCX achieves a -1.27% return, which is significantly lower than YAFFX's 8.59% return. Over the past 10 years, MSSCX has outperformed YAFFX with an annualized return of 14.32%, while YAFFX has yielded a comparatively lower 10.91% annualized return.

MSSCX

• 1D: -1.89%
• 1M: -9.68%
• YTD: -1.27%
• 6M: 1.08%
• 1Y: 23.90%
• 3Y*: 10.49%
• 5Y*: 3.69%
• 10Y*: 14.32%

YAFFX

• 1D: -0.76%
• 1M: -8.71%
• YTD: 8.59%
• 6M: -1.14%
• 1Y: 11.37%
• 3Y*: 11.67%
• 5Y*: 7.33%
• 10Y*: 10.91%

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

MSSCX vs. YAFFX - Expense Ratio Comparison

MSSCX has a 0.94% expense ratio, which is lower than YAFFX's 1.25% expense ratio.

YAFFX

AMG Yacktman Focused Fund

MSSCX

AMG Frontier Small Cap Growth Fund

Return for Risk

MSSCX vs. YAFFX — Risk / Return Rank

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

MSSCX

MSSCX Risk / Return Rank: 34
MSSCX Sharpe Ratio Rank: 35
MSSCX Sortino Ratio Rank: 38
MSSCX Omega Ratio Rank: 33
MSSCX Calmar Ratio Rank: 33
MSSCX Martin Ratio Rank: 32

YAFFX

YAFFX Risk / Return Rank: 21
YAFFX Sharpe Ratio Rank: 19
YAFFX Sortino Ratio Rank: 16
YAFFX Omega Ratio Rank: 32
YAFFX Calmar Ratio Rank: 20
YAFFX Martin Ratio Rank: 20

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.

MSSCX vs. YAFFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AMG Frontier Small Cap Growth Fund (MSSCX) and AMG Yacktman Focused Fund (YAFFX). 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.

	MSSCX	YAFFX	Difference
Sharpe ratio Return per unit of total volatility	0.78	0.49	+0.30
Sortino ratio Return per unit of downside risk	1.24	0.67	+0.57
Omega ratio Gain probability vs. loss probability	1.17	1.16	+0.01
Calmar ratio Return relative to maximum drawdown	0.93	0.57	+0.36
Martin ratio Return relative to average drawdown	3.48	2.02	+1.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSSCX vs. YAFFX - Sharpe Ratio Comparison

The current MSSCX Sharpe Ratio is 0.78, which is higher than the YAFFX Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of MSSCX and YAFFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MSSCX	YAFFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.78	0.49	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.41	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.67	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.58	-0.25

Correlation

The correlation between MSSCX and YAFFX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MSSCX vs. YAFFX - Dividend Comparison

Neither MSSCX nor YAFFX has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSSCX AMG Frontier Small Cap Growth Fund	0.00%	0.00%	9.23%	1.14%	0.00%	43.52%	3.34%	17.24%	59.21%	27.92%	0.43%	28.21%
YAFFX AMG Yacktman Focused Fund	0.00%	0.00%	18.44%	4.42%	7.60%	4.70%	11.87%	15.84%	22.15%	11.82%	11.81%	24.36%

Drawdowns

MSSCX vs. YAFFX - Drawdown Comparison

The maximum MSSCX drawdown since its inception was -78.46%, which is greater than YAFFX's maximum drawdown of -43.80%. Use the drawdown chart below to compare losses from any high point for MSSCX and YAFFX.

Drawdown Indicators

	MSSCX	YAFFX	Difference
Max Drawdown Largest peak-to-trough decline	-78.46%	-43.80%	-34.66%
Max Drawdown (1Y) Largest decline over 1 year	-15.52%	-17.08%	+1.56%
Max Drawdown (5Y) Largest decline over 5 years	-33.02%	-21.31%	-11.71%
Max Drawdown (10Y) Largest decline over 10 years	-46.70%	-30.62%	-16.08%
Current Drawdown Current decline from peak	-10.80%	-8.71%	-2.09%
Average Drawdown Average peak-to-trough decline	-28.37%	-6.24%	-22.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.62%	4.83%	-0.21%

Volatility

MSSCX vs. YAFFX - Volatility Comparison

AMG Frontier Small Cap Growth Fund (MSSCX) has a higher volatility of 8.64% compared to AMG Yacktman Focused Fund (YAFFX) at 7.76%. This indicates that MSSCX's price experiences larger fluctuations and is considered to be riskier than YAFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSSCX	YAFFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.64%	7.76%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	19.69%	21.51%	-1.82%
Volatility (1Y) Calculated over the trailing 1-year period	29.66%	22.92%	+6.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.14%	17.85%	+8.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.32%	16.39%	+9.93%