BGRWX vs. BLUEX

Last updated Jun 26, 2026

BGRWX (Barrett Growth Fund) and BLUEX (AMG Veritas Global Real Return Fund) are both Large Cap Growth Equities funds. Over the past 10 years, BGRWX returned 13.65%/yr vs 9.75%/yr for BLUEX. Their correlation of 0.84 suggests significant overlap in exposure. BGRWX charges 1.25%/yr vs 1.15%/yr for BLUEX.

Performance

BGRWX vs. BLUEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Barrett Growth Fund (BGRWX) 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, BGRWX achieves a -3.22% return, which is significantly higher than BLUEX's -6.78% return. Over the past 10 years, BGRWX has outperformed BLUEX with an annualized return of 13.65%, while BLUEX has yielded a comparatively lower 9.75% annualized return.

BGRWX

• 1D: 0.07%
• 1M: -3.35%
• YTD: -3.22%
• 6M: -4.42%
• 1Y: 5.86%
• 3Y*: 14.89%
• 5Y*: 8.11%
• 10Y*: 13.65%

BLUEX

• 1D: 0.59%
• 1M: 0.03%
• YTD: -6.78%
• 6M: -6.85%
• 1Y: -6.42%
• 3Y*: 3.12%
• 5Y*: -0.08%
• 10Y*: 9.75%

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

BGRWX vs. BLUEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGRWX Barrett Growth Fund	-3.22%	8.11%	28.38%	32.94%	-24.83%	21.22%	28.96%	31.99%	-0.46%	21.00%
BLUEX AMG Veritas Global Real Return Fund	-6.78%	4.45%	7.24%	14.35%	-14.30%	3.22%	34.74%	35.34%	-4.91%	27.86%

Correlation

The correlation between BGRWX and BLUEX is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Dec 29, 1998	0.84

Over the past year, the correlation between BGRWX and BLUEX has dropped to 0.61 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

Return for Risk

BGRWX vs. BLUEX — Risk / Return Rank

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

BGRWX

BGRWX Risk / Return Rank: 7
BGRWX Sharpe Ratio Rank: 8
BGRWX Sortino Ratio Rank: 8
BGRWX Omega Ratio Rank: 8
BGRWX Calmar Ratio Rank: 6
BGRWX Martin Ratio Rank: 7

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.

BGRWX vs. BLUEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Barrett Growth Fund (BGRWX) 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.

	BGRWX	BLUEX	Difference
Sharpe ratio: Return per unit of total volatility	0.49	-0.64	+1.13
Sortino ratio: Return per unit of downside risk	0.74	-0.84	+1.58
Omega ratio: Gain probability vs. loss probability	1.09	0.91	+0.19
Calmar ratio: Return relative to maximum drawdown	0.40	-0.55	+0.95
Martin ratio: Return relative to average drawdown	1.33	-1.26	+2.59

BGRWX vs. BLUEX - Sharpe Ratio Comparison

The current BGRWX Sharpe Ratio is 0.49, which is higher than the BLUEX Sharpe Ratio of -0.64. The chart below compares the historical Sharpe Ratios of BGRWX 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.

Drawdowns

BGRWX vs. BLUEX - Drawdown Comparison

The maximum BGRWX drawdown since its inception was -56.87%, roughly equal to the maximum BLUEX drawdown of -54.27%. Use the drawdown chart below to compare losses from any high point for BGRWX and BLUEX.

Drawdown Indicators

	BGRWX	BLUEX	Difference
Max Drawdown Largest peak-to-trough decline	-56.87%	-54.27%	-2.60%
Max Drawdown (1Y) Largest decline over 1 year	-14.80%	-12.19%	-2.61%
Max Drawdown (3Y) Largest decline over 3 years	-25.54%	-12.19%	-13.35%
Max Drawdown (5Y) Largest decline over 5 years	-29.69%	-21.87%	-7.82%
Max Drawdown (10Y) Largest decline over 10 years	-29.69%	-29.06%	-0.63%
Current Drawdown Current decline from peak	-8.12%	-8.72%	+0.60%
Average Drawdown Average peak-to-trough decline	-17.92%	-13.36%	-4.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.51%	5.26%	-0.75%

Volatility

BGRWX vs. BLUEX - Volatility Comparison

Barrett Growth Fund (BGRWX) and AMG Veritas Global Real Return Fund (BLUEX) have volatilities of 4.03% and 4.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGRWX	BLUEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	4.01%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	9.85%	8.33%	+1.52%
Volatility (1Y) Calculated over the trailing 1-year period	12.26%	10.48%	+1.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.76%	10.72%	+8.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.81%	16.57%	+2.24%

BGRWX vs. BLUEX - Expense Ratio Comparison

BGRWX has a 1.25% expense ratio, which is higher than BLUEX's 1.15% expense ratio.

Dividends

BGRWX vs. BLUEX - Dividend Comparison

BGRWX's dividend yield for the trailing twelve months is around 12.18%, more than BLUEX's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGRWX Barrett Growth Fund	12.18%	11.78%	10.42%	3.01%	22.03%	11.98%	6.78%	2.43%	3.49%	4.79%	0.00%	0.15%
BLUEX AMG Veritas Global Real Return Fund	0.33%	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 BGRWX and BLUEX in my portfolio?

BGRWX and BLUEX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BGRWX or BLUEX?

BGRWX has higher volatility (4.03%) compared to BLUEX (4.01%). In terms of maximum drawdown, BGRWX dropped -56.87% vs BLUEX's -54.27%.

Which has better risk-adjusted returns?

BGRWX currently has the higher Sharpe Ratio (0.49 vs -0.64), 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.