ARSMX vs. BLUEX
ARSMX (AMG River Road Small-Mid Cap Value Fund) and BLUEX (AMG Veritas Global Real Return Fund) are both mutual funds - ARSMX is a Small Cap Value Equities fund managed by AMG, while BLUEX is a Large Cap Growth Equities fund managed by AMG. Over the past 10 years, ARSMX returned 10.29%/yr vs 9.81%/yr for BLUEX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. ARSMX charges 1.27%/yr vs 1.15%/yr for BLUEX.
Performance
ARSMX vs. BLUEX - Performance Comparison
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Returns By Period
In the year-to-date period, ARSMX achieves a 10.07% return, which is significantly higher than BLUEX's -1.50% return. Both investments have delivered pretty close results over the past 10 years, with ARSMX having a 10.29% annualized return and BLUEX not far behind at 9.81%.
ARSMX
- 1D
- -0.38%
- 1M
- 2.14%
- 6M
- 7.48%
- YTD
- 10.07%
- 1Y
- 9.16%
- 3Y*
- 9.11%
- 5Y*
- 6.42%
- 10Y*
- 10.29%
- ALL TIME*
- 7.68%
BLUEX
- 1D
- -0.20%
- 1M
- 1.86%
- 6M
- 0.15%
- YTD
- -1.50%
- 1Y
- 1.81%
- 3Y*
- 3.92%
- 5Y*
- 0.93%
- 10Y*
- 9.81%
- ALL TIME*
- 9.35%
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 |
ARSMX vs. BLUEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARSMX AMG River Road Small-Mid Cap Value Fund | 10.07% | -0.83% | 12.42% | 14.48% | -8.62% | 23.41% | 1.71% | 34.82% | -6.44% | 15.26% |
BLUEX AMG Veritas Global Real Return Fund | -1.50% | 4.45% | 7.24% | 14.35% | -14.30% | 3.22% | 34.74% | 35.34% | -4.91% | 27.86% |
Correlation
The correlation between ARSMX and BLUEX is 0.64, 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. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2007 | 0.73 |
The correlation between ARSMX and BLUEX shifts across timeframes, from 0.62 (3 years) to 0.73 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ARSMX vs. BLUEX — Risk / Return Rank
ARSMX
BLUEX
ARSMX vs. BLUEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG River Road Small-Mid Cap Value Fund (ARSMX) and AMG Veritas Global Real Return Fund (BLUEX). 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.
| ARSMX | BLUEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.03 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.10 | +0.61 |
| Martin ratioReturn relative to average drawdown | 1.64 | 0.21 | +1.43 |
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Drawdowns
ARSMX vs. BLUEX - Drawdown Comparison
The maximum ARSMX drawdown since its inception was -51.75%, roughly equal to the maximum BLUEX drawdown of -54.27%. Use the drawdown chart below to compare losses from any high point for ARSMX and BLUEX.
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Drawdown Indicators
| ARSMX | BLUEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.75% | -54.27% | +2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -12.19% | +1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -19.34% | -12.19% | -7.15% |
Max Drawdown (5Y)Largest decline over 5 years | -19.34% | -21.87% | +2.53% |
Max Drawdown (10Y)Largest decline over 10 years | -42.96% | -29.06% | -13.90% |
Current DrawdownCurrent decline from peak | -1.96% | -3.55% | +1.59% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -13.33% | +5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 5.56% | -1.10% |
Volatility
ARSMX vs. BLUEX - Volatility Comparison
AMG River Road Small-Mid Cap Value Fund (ARSMX) has a higher volatility of 4.08% compared to AMG Veritas Global Real Return Fund (BLUEX) at 3.73%. This indicates that ARSMX's price experiences larger fluctuations and is considered to be riskier than BLUEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARSMX | BLUEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 3.73% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 9.15% | 8.90% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 10.88% | +3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.70% | 10.84% | +6.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.51% | 16.57% | +2.94% |
ARSMX vs. BLUEX - Expense Ratio Comparison
ARSMX has a 1.27% expense ratio, which is higher than BLUEX's 1.15% expense ratio.
Dividends
ARSMX vs. BLUEX - Dividend Comparison
ARSMX has not paid dividends to shareholders, while BLUEX's dividend yield for the trailing twelve months is around 0.32%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARSMX AMG River Road Small-Mid Cap Value Fund | 0.00% | 0.00% | 9.27% | 3.89% | 4.85% | 5.86% | 0.00% | 3.60% | 8.60% | 15.66% | 8.03% | 17.82% |
BLUEX AMG Veritas Global Real Return Fund | 0.32% | 0.31% | 0.29% | 0.03% | 11.84% | 27.20% | 25.43% | 13.71% | 13.40% | 0.00% | 0.00% | 0.24% |
Frequently Asked Questions
ARSMX and BLUEX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARSMX has higher volatility (4.08%) compared to BLUEX (3.73%). In terms of maximum drawdown, ARSMX dropped -51.75% vs BLUEX's -54.27%.
ARSMX currently has the higher Sharpe Ratio (0.51 vs 0.11), 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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