TMDIX vs. MGSEX
TMDIX (AMG TimesSquare Mid Cap Growth Fund) and MGSEX (AMG Veritas Asia Pacific Fund) are both mutual funds - TMDIX is a Mid Cap Growth Equities fund managed by AMG, while MGSEX is a Asia Pacific Equities fund managed by AMG. Over the past 10 years, TMDIX returned 12.70%/yr vs 14.72%/yr for MGSEX. Their correlation of 0.83 means they have usually moved in the same direction. TMDIX charges 0.98%/yr vs 1.18%/yr for MGSEX.
Performance
TMDIX vs. MGSEX - Performance Comparison
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Returns By Period
In the year-to-date period, TMDIX achieves a 4.53% return, which is significantly lower than MGSEX's 21.75% return. Over the past 10 years, TMDIX has underperformed MGSEX with an annualized return of 12.70%, while MGSEX has yielded a comparatively higher 14.72% 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%
MGSEX
- 1D
- 4.78%
- 1M
- -11.74%
- 6M
- 9.52%
- YTD
- 21.75%
- 1Y
- 45.09%
- 3Y*
- 19.68%
- 5Y*
- 4.13%
- 10Y*
- 14.72%
- ALL TIME*
- 10.61%
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. MGSEX - 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% |
MGSEX AMG Veritas Asia Pacific Fund | 21.75% | 41.56% | 7.23% | -4.82% | -27.91% | 0.83% | 38.74% | 80.58% | -3.77% | 20.26% |
Correlation
The correlation between TMDIX and MGSEX 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. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2005 | 0.83 |
Over the past year, the correlation between TMDIX and MGSEX has dropped to 0.59 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
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Return for Risk
TMDIX vs. MGSEX — Risk / Return Rank
TMDIX
MGSEX
TMDIX vs. MGSEX - 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 Asia Pacific Fund (MGSEX). 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 | MGSEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.26 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 1.68 | -1.99 |
| Martin ratioReturn relative to average drawdown | -0.61 | 6.28 | -6.89 |
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Drawdowns
TMDIX vs. MGSEX - Drawdown Comparison
The maximum TMDIX drawdown since its inception was -48.73%, smaller than the maximum MGSEX drawdown of -62.06%. Use the drawdown chart below to compare losses from any high point for TMDIX and MGSEX.
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Drawdown Indicators
| TMDIX | MGSEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.73% | -62.06% | +13.33% |
Max Drawdown (1Y)Largest decline over 1 year | -25.45% | -25.18% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -25.45% | -25.18% | -0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -30.53% | -42.34% | +11.81% |
Max Drawdown (10Y)Largest decline over 10 years | -35.44% | -45.32% | +9.88% |
Current DrawdownCurrent decline from peak | -12.48% | -21.61% | +9.13% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -13.86% | +6.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.95% | 6.71% | +6.24% |
Volatility
TMDIX vs. MGSEX - Volatility Comparison
The current volatility for AMG TimesSquare Mid Cap Growth Fund (TMDIX) is 4.81%, while AMG Veritas Asia Pacific Fund (MGSEX) has a volatility of 12.69%. This indicates that TMDIX experiences smaller price fluctuations and is considered to be less risky than MGSEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMDIX | MGSEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 12.69% | -7.88% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 29.00% | -14.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.64% | 31.93% | -11.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.59% | 21.81% | -1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.11% | 26.70% | -5.59% |
TMDIX vs. MGSEX - Expense Ratio Comparison
TMDIX has a 0.98% expense ratio, which is lower than MGSEX's 1.18% expense ratio.
Dividends
TMDIX vs. MGSEX - Dividend Comparison
TMDIX has not paid dividends to shareholders, while MGSEX's dividend yield for the trailing twelve months is around 0.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGSEX AMG Veritas Asia Pacific Fund | 0.11% | 0.14% | 0.47% | 0.11% | 0.00% | 83.77% | 4.35% | 59.30% | 0.00% | 0.00% | 0.00% | 0.00% |
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 MGSEX 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.
MGSEX has higher volatility (12.69%) compared to TMDIX (4.81%). In terms of maximum drawdown, TMDIX dropped -48.73% vs MGSEX's -62.06%.
MGSEX currently has the higher Sharpe Ratio (1.32 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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