AMG vs. BLK

Last updated Apr 2, 2026

Compare and contrast key facts about Affiliated Managers Group, Inc. (AMG) and BlackRock, Inc. (BLK).

Performance

AMG vs. BLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Affiliated Managers Group, Inc. (AMG) and BlackRock, Inc. (BLK). The values are adjusted to include any dividend payments, if applicable.

AMG vs. BLK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMG Affiliated Managers Group, Inc.	-5.12%	55.93%	22.15%	-4.40%	-3.67%	61.80%	20.53%	-11.79%	-52.15%	41.93%
BLK BlackRock, Inc.	-10.05%	6.55%	29.29%	17.86%	-20.40%	29.39%	47.21%	31.87%	-21.59%	38.20%

Fundamentals

Market Cap AMG : $8.62B BLK : $158.35B
EPS AMG : $22.21 BLK : $34.83
PE Ratio AMG : 12.31 BLK : 27.49
PS Ratio AMG : 3.81 BLK : 6.31
PB Ratio AMG : 2.66 BLK : 2.83
Total Revenue (TTM) AMG : $2.32B BLK : $24.18B
Gross Profit (TTM) AMG : $1.44B BLK : $14.77B
EBITDA (TTM) AMG : $1.49B BLK : $8.44B

Returns By Period

In the year-to-date period, AMG achieves a -5.12% return, which is significantly higher than BLK's -10.05% return. Over the past 10 years, AMG has underperformed BLK with an annualized return of 5.60%, while BLK has yielded a comparatively higher 13.61% annualized return.

AMG

• 1D: -1.16%
• 1M: -12.60%
• YTD: -5.12%
• 6M: 18.40%
• 1Y: 61.45%
• 3Y*: 24.33%
• 5Y*: 12.45%
• 10Y*: 5.60%

BLK

• 1D: -0.45%
• 1M: -9.88%
• YTD: -10.05%
• 6M: -15.22%
• 1Y: 3.50%
• 3Y*: 15.37%
• 5Y*: 7.07%
• 10Y*: 13.61%

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

Return for Risk

AMG vs. BLK — Risk / Return Rank

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

AMG

AMG Risk / Return Rank: 87
AMG Sharpe Ratio Rank: 88
AMG Sortino Ratio Rank: 85
AMG Omega Ratio Rank: 85
AMG Calmar Ratio Rank: 87
AMG Martin Ratio Rank: 90

BLK

BLK Risk / Return Rank: 42
BLK Sharpe Ratio Rank: 45
BLK Sortino Ratio Rank: 37
BLK Omega Ratio Rank: 38
BLK Calmar Ratio Rank: 44
BLK Martin Ratio Rank: 45

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.

AMG vs. BLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Affiliated Managers Group, Inc. (AMG) and BlackRock, Inc. (BLK). 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.

	AMG	BLK	Difference
Sharpe ratio Return per unit of total volatility	1.85	0.12	+1.73
Sortino ratio Return per unit of downside risk	2.43	0.36	+2.07
Omega ratio Gain probability vs. loss probability	1.35	1.05	+0.29
Calmar ratio Return relative to maximum drawdown	3.36	0.14	+3.22
Martin ratio Return relative to average drawdown	10.61	0.37	+10.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMG vs. BLK - Sharpe Ratio Comparison

The current AMG Sharpe Ratio is 1.85, which is higher than the BLK Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of AMG and BLK, 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

	AMG	BLK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	0.12	+1.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.27	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	0.49	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.58	-0.34

Correlation

The correlation between AMG and BLK is 0.57, 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

AMG vs. BLK - Dividend Comparison

AMG's dividend yield for the trailing twelve months is around 0.01%, less than BLK's 2.23% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMG Affiliated Managers Group, Inc.	0.01%	0.01%	0.02%	0.03%	0.03%	0.02%	0.34%	1.51%	1.23%	0.39%	0.00%	0.00%
BLK BlackRock, Inc.	2.23%	1.95%	1.99%	2.46%	2.75%	1.80%	2.01%	2.63%	3.08%	1.95%	2.41%	2.56%

Drawdowns

AMG vs. BLK - Drawdown Comparison

The maximum AMG drawdown since its inception was -85.92%, which is greater than BLK's maximum drawdown of -60.36%. Use the drawdown chart below to compare losses from any high point for AMG and BLK.

Drawdown Indicators

	AMG	BLK	Difference
Max Drawdown Largest peak-to-trough decline	-85.92%	-60.36%	-25.56%
Max Drawdown (1Y) Largest decline over 1 year	-18.67%	-22.45%	+3.78%
Max Drawdown (5Y) Largest decline over 5 years	-41.22%	-43.90%	+2.68%
Max Drawdown (10Y) Largest decline over 10 years	-78.52%	-43.90%	-34.62%
Current Drawdown Current decline from peak	-17.31%	-19.56%	+2.25%
Average Drawdown Average peak-to-trough decline	-24.81%	-11.92%	-12.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.92%	8.70%	-2.78%

Volatility

AMG vs. BLK - Volatility Comparison

The current volatility for Affiliated Managers Group, Inc. (AMG) is 8.59%, while BlackRock, Inc. (BLK) has a volatility of 10.64%. This indicates that AMG experiences smaller price fluctuations and is considered to be less risky than BLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMG	BLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.59%	10.64%	-2.05%
Volatility (6M) Calculated over the trailing 6-month period	24.93%	19.82%	+5.11%
Volatility (1Y) Calculated over the trailing 1-year period	33.38%	29.05%	+4.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.20%	26.51%	+5.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.62%	27.63%	+6.99%

Financials

AMG vs. BLK - Profitability Comparison

The chart below illustrates the profitability comparison between Affiliated Managers Group, Inc. and BlackRock, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AMG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Affiliated Managers Group, Inc. reported a gross profit of 667.00M and revenue of 800.40M. Therefore, the gross margin over that period was 83.3%.

BLK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, BlackRock, Inc. reported a gross profit of 5.74B and revenue of 6.97B. Therefore, the gross margin over that period was 82.4%.

AMG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Affiliated Managers Group, Inc. reported an operating income of 308.50M and revenue of 800.40M, resulting in an operating margin of 38.5%.

BLK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, BlackRock, Inc. reported an operating income of 2.08B and revenue of 6.97B, resulting in an operating margin of 29.9%.

AMG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Affiliated Managers Group, Inc. reported a net income of 347.60M and revenue of 800.40M, resulting in a net margin of 43.4%.

BLK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, BlackRock, Inc. reported a net income of 1.13B and revenue of 6.97B, resulting in a net margin of 16.2%.