TMDIX vs. MFQTX
TMDIX (AMG TimesSquare Mid Cap Growth Fund) and MFQTX (AMG Veritas Global Focus Fund) are both mutual funds - TMDIX is a Mid Cap Growth Equities fund managed by AMG, while MFQTX is a Large Cap Growth Equities fund managed by AMG. Over the past 10 years, TMDIX returned 12.70%/yr vs 8.86%/yr for MFQTX. Their correlation of 0.88 means they have usually moved in the same direction. TMDIX charges 0.98%/yr vs 0.88%/yr for MFQTX.
Performance
TMDIX vs. MFQTX - Performance Comparison
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Returns By Period
In the year-to-date period, TMDIX achieves a 4.53% return, which is significantly higher than MFQTX's 1.26% return. Over the past 10 years, TMDIX has outperformed MFQTX with an annualized return of 12.70%, while MFQTX has yielded a comparatively lower 8.86% annualized return.
TMDIX
- 1D
- 2.45%
- 1M
- -3.41%
- 6M
- 5.22%
- YTD
- 4.53%
- 1Y
- -6.10%
- 3Y*
- 6.58%
- 5Y*
- 2.93%
- 10Y*
- 12.70%
- ALL TIME*
- 10.91%
MFQTX
- 1D
- 0.53%
- 1M
- 1.87%
- 6M
- 2.79%
- YTD
- 1.26%
- 1Y
- -2.48%
- 3Y*
- 7.94%
- 5Y*
- 3.78%
- 10Y*
- 8.86%
- ALL TIME*
- 7.38%
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 |
TMDIX vs. MFQTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TMDIX AMG TimesSquare Mid Cap Growth Fund | 4.53% | -1.76% | 10.84% | 25.07% | -22.26% | 16.75% | 33.42% | 63.26% | -4.28% | 22.66% |
MFQTX AMG Veritas Global Focus Fund | 1.26% | -1.59% | 23.14% | 22.81% | -21.08% | 17.63% | 8.44% | 28.37% | -3.66% | 18.28% |
Correlation
The correlation between TMDIX and MFQTX is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2005 | 0.88 |
Over the past year, the correlation between TMDIX and MFQTX has dropped to 0.59 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
TMDIX vs. MFQTX — Risk / Return Rank
TMDIX
MFQTX
TMDIX vs. MFQTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG TimesSquare Mid Cap Growth Fund (TMDIX) and AMG Veritas Global Focus Fund (MFQTX). 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.
| TMDIX | MFQTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.96 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | -0.20 | -0.11 |
| Martin ratioReturn relative to average drawdown | -0.61 | -0.40 | -0.21 |
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Drawdowns
TMDIX vs. MFQTX - Drawdown Comparison
The maximum TMDIX drawdown since its inception was -48.73%, smaller than the maximum MFQTX drawdown of -57.67%. Use the drawdown chart below to compare losses from any high point for TMDIX and MFQTX.
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Drawdown Indicators
| TMDIX | MFQTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.73% | -57.67% | +8.94% |
Max Drawdown (1Y)Largest decline over 1 year | -25.45% | -23.00% | -2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -25.45% | -23.60% | -1.85% |
Max Drawdown (5Y)Largest decline over 5 years | -30.53% | -27.69% | -2.84% |
Max Drawdown (10Y)Largest decline over 10 years | -35.44% | -37.58% | +2.14% |
Current DrawdownCurrent decline from peak | -12.48% | -10.85% | -1.63% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -10.33% | +3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.95% | 11.70% | +1.25% |
Volatility
TMDIX vs. MFQTX - Volatility Comparison
AMG TimesSquare Mid Cap Growth Fund (TMDIX) has a higher volatility of 4.81% compared to AMG Veritas Global Focus Fund (MFQTX) at 4.11%. This indicates that TMDIX's price experiences larger fluctuations and is considered to be riskier than MFQTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMDIX | MFQTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 4.11% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 10.89% | +3.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.64% | 17.16% | +3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.59% | 18.53% | +2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.11% | 18.98% | +2.13% |
TMDIX vs. MFQTX - Expense Ratio Comparison
TMDIX has a 0.98% expense ratio, which is higher than MFQTX's 0.88% expense ratio.
Dividends
TMDIX vs. MFQTX - Dividend Comparison
Neither TMDIX nor MFQTX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFQTX AMG Veritas Global Focus Fund | 0.00% | 0.00% | 18.87% | 2.45% | 5.59% | 139.81% | 1.67% | 0.72% | 1.95% | 0.47% | 1.19% | 0.57% |
TMDIX AMG TimesSquare Mid Cap Growth Fund | 0.00% | 0.00% | 8.08% | 3.98% | 3.69% | 29.72% | 18.28% | 31.06% | 16.38% | 14.44% | 5.90% | 7.73% |
Frequently Asked Questions
TMDIX and MFQTX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMDIX has higher volatility (4.81%) compared to MFQTX (4.11%). In terms of maximum drawdown, TMDIX dropped -48.73% vs MFQTX's -57.67%.
MFQTX currently has the higher Sharpe Ratio (-0.27 vs -0.39), 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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