ARSVX vs. BLUEX

Last updated Jun 5, 2026

ARSVX (AMG River Road Small Cap Value Fund) and BLUEX (AMG Veritas Global Real Return Fund) are both mutual funds - ARSVX 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, ARSVX returned 8.78%/yr vs 9.28%/yr for BLUEX. A 0.71 correlation means they provide meaningful diversification when combined. ARSVX charges 1.35%/yr vs 1.15%/yr for BLUEX.

Performance

ARSVX vs. BLUEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AMG River Road Small Cap Value Fund (ARSVX) and AMG Veritas Global Real Return Fund (BLUEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARSVX achieves a -1.26% return, which is significantly higher than BLUEX's -7.48% return. Over the past 10 years, ARSVX has underperformed BLUEX with an annualized return of 8.78%, while BLUEX has yielded a comparatively higher 9.28% annualized return.

ARSVX

• 1D: -0.56%
• 1M: -1.46%
• YTD: -1.26%
• 6M: -10.55%
• 1Y: -5.66%
• 3Y*: 5.46%
• 5Y*: 2.83%
• 10Y*: 8.78%

BLUEX

• 1D: -0.96%
• 1M: -1.43%
• YTD: -7.48%
• 6M: -6.51%
• 1Y: -7.44%
• 3Y*: 3.08%
• 5Y*: 0.03%
• 10Y*: 9.28%

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

ARSVX vs. BLUEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARSVX AMG River Road Small Cap Value Fund	-1.26%	-7.36%	14.05%	14.86%	-6.49%	21.14%	1.84%	38.29%	-6.96%	11.73%
BLUEX AMG Veritas Global Real Return Fund	-7.48%	4.45%	7.24%	14.35%	-14.30%	3.22%	34.74%	35.34%	-4.91%	27.86%

Correlation

The correlation between ARSVX and BLUEX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jun 30, 2005	0.71

The correlation between ARSVX and BLUEX shifts across timeframes, from 0.59 (3 years) to 0.71 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ARSVX vs. BLUEX — Risk / Return Rank

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

ARSVX

ARSVX Risk / Return Rank: 1
ARSVX Sharpe Ratio Rank: 1
ARSVX Sortino Ratio Rank: 2
ARSVX Omega Ratio Rank: 1
ARSVX Calmar Ratio Rank: 1
ARSVX Martin Ratio Rank: 1

BLUEX

BLUEX Risk / Return Rank: 1
BLUEX Sharpe Ratio Rank: 1
BLUEX Sortino Ratio Rank: 1
BLUEX Omega Ratio Rank: 1
BLUEX Calmar Ratio Rank: 1
BLUEX Martin Ratio Rank: 1

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.

ARSVX vs. BLUEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AMG River Road Small Cap Value Fund (ARSVX) 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.

	ARSVX	BLUEX	Difference
Sharpe ratio: Return per unit of total volatility	-0.36	-0.72	+0.35
Sortino ratio: Return per unit of downside risk	-0.36	-0.95	+0.59
Omega ratio: Gain probability vs. loss probability	0.95	0.89	+0.05
Calmar ratio: Return relative to maximum drawdown	-0.37	-0.59	+0.22
Martin ratio: Return relative to average drawdown	-0.76	-1.46	+0.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARSVX vs. BLUEX - Sharpe Ratio Comparison

The current ARSVX Sharpe Ratio is -0.36, which is higher than the BLUEX Sharpe Ratio of -0.72. The chart below compares the historical Sharpe Ratios of ARSVX and BLUEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARSVX	BLUEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.36	-0.72	+0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.00	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.56	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.49	-0.10

Drawdowns

ARSVX vs. BLUEX - Drawdown Comparison

The maximum ARSVX drawdown since its inception was -54.85%, roughly equal to the maximum BLUEX drawdown of -54.27%. Use the drawdown chart below to compare losses from any high point for ARSVX and BLUEX.

Drawdown Indicators

	ARSVX	BLUEX	Difference
Max Drawdown Largest peak-to-trough decline	-54.85%	-54.27%	-0.58%
Max Drawdown (1Y) Largest decline over 1 year	-16.62%	-12.19%	-4.43%
Max Drawdown (3Y) Largest decline over 3 years	-19.21%	-12.19%	-7.02%
Max Drawdown (5Y) Largest decline over 5 years	-19.21%	-21.87%	+2.66%
Max Drawdown (10Y) Largest decline over 10 years	-40.52%	-29.06%	-11.46%
Current Drawdown Current decline from peak	-14.05%	-9.40%	-4.65%
Average Drawdown Average peak-to-trough decline	-8.68%	-13.36%	+4.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.12%	4.88%	+3.24%

Volatility

ARSVX vs. BLUEX - Volatility Comparison

The current volatility for AMG River Road Small Cap Value Fund (ARSVX) is 3.20%, while AMG Veritas Global Real Return Fund (BLUEX) has a volatility of 3.58%. This indicates that ARSVX experiences smaller price fluctuations and is considered to be less risky than BLUEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARSVX	BLUEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.20%	3.58%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	13.76%	7.80%	+5.96%
Volatility (1Y) Calculated over the trailing 1-year period	17.10%	10.03%	+7.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.86%	10.63%	+7.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.35%	16.59%	+2.76%

ARSVX vs. BLUEX - Expense Ratio Comparison

ARSVX has a 1.35% expense ratio, which is higher than BLUEX's 1.15% expense ratio.

Dividends

ARSVX vs. BLUEX - Dividend Comparison

ARSVX has not paid dividends to shareholders, while BLUEX's dividend yield for the trailing twelve months is around 0.34%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARSVX AMG River Road Small Cap Value Fund	0.00%	0.00%	8.50%	4.78%	3.87%	7.75%	0.00%	12.10%	13.01%	14.96%	4.96%	6.51%
BLUEX AMG Veritas Global Real Return Fund	0.34%	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

Can I hold both ARSVX and BLUEX in my portfolio?

ARSVX and BLUEX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARSVX or BLUEX?

BLUEX has higher volatility (3.58%) compared to ARSVX (3.20%). In terms of maximum drawdown, ARSVX dropped -54.85% vs BLUEX's -54.27%.

Which has better risk-adjusted returns?

ARSVX currently has the higher Sharpe Ratio (-0.36 vs -0.72), 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.