BLUEX vs. FBCGX

Last updated Aug 4, 2026

BLUEX (AMG Veritas Global Real Return Fund) and FBCGX (Fidelity Blue Chip Growth K6 Fund) are both Large Cap Growth Equities funds. Over the past 5 years, BLUEX returned 0.93%/yr vs 13.62%/yr for FBCGX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. BLUEX charges 1.15%/yr vs 0.45%/yr for FBCGX.

Performance

BLUEX vs. FBCGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AMG Veritas Global Real Return Fund (BLUEX) and Fidelity Blue Chip Growth K6 Fund (FBCGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLUEX achieves a -1.50% return, which is significantly lower than FBCGX's 9.45% return.

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%

FBCGX

• 1D: 1.09%
• 1M: -3.87%
• 6M: 9.30%
• YTD: 9.45%
• 1Y: 22.70%
• 3Y*: 25.17%
• 5Y*: 13.62%
• 10Y*: —
• ALL TIME*: 20.15%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BLUEX AMG Veritas Global Real Return Fund	$0.00	$0.00	$0.00
FBCGX Fidelity Blue Chip Growth K6 Fund	$0.00	$0.00	$0.00

BLUEX vs. FBCGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%	13.19%
FBCGX Fidelity Blue Chip Growth K6 Fund	9.45%	21.33%	38.15%	55.57%	-37.84%	23.00%	62.92%	36.11%	-2.33%	14.15%

Correlation

The correlation between BLUEX and FBCGX is 0.14, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.14
Correlation (3Y) Balances recent behavior with more history.	0.34
Correlation (5Y) Shows whether the relationship held over a longer period.	0.54
Correlation (All Time) Calculated using the full available price history since May 25, 2017	0.70

Over the past year, the correlation between BLUEX and FBCGX has dropped to 0.14 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

Return for Risk

BLUEX vs. FBCGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BLUEX

BLUEX Risk / Return Rank: 5
BLUEX Sharpe Ratio Rank: 5
BLUEX Sortino Ratio Rank: 5
BLUEX Omega Ratio Rank: 5
BLUEX Calmar Ratio Rank: 5
BLUEX Martin Ratio Rank: 5

FBCGX

FBCGX Risk / Return Rank: 30
FBCGX Sharpe Ratio Rank: 27
FBCGX Sortino Ratio Rank: 27
FBCGX Omega Ratio Rank: 26
FBCGX Calmar Ratio Rank: 35
FBCGX Martin Ratio Rank: 35

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BLUEX vs. FBCGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AMG Veritas Global Real Return Fund (BLUEX) and Fidelity Blue Chip Growth K6 Fund (FBCGX). 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.

	BLUEX	FBCGX	Difference
Sharpe ratio: Return per unit of total volatility	0.11	0.98	-0.87
Sortino ratio: Return per unit of downside risk	0.24	1.45	-1.21
Omega ratio: Gain probability vs. loss probability	1.03	1.18	-0.15
Calmar ratio: Return relative to maximum drawdown	0.10	1.60	-1.51
Martin ratio: Return relative to average drawdown	0.21	5.43	-5.22

BLUEX vs. FBCGX - Sharpe Ratio Comparison

The current BLUEX Sharpe Ratio is 0.11, which is lower than the FBCGX Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of BLUEX and FBCGX, 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

BLUEX vs. FBCGX - Drawdown Comparison

The maximum BLUEX drawdown since its inception was -54.27%, which is greater than FBCGX's maximum drawdown of -42.55%. Use the drawdown chart below to compare losses from any high point for BLUEX and FBCGX.

Drawdown Indicators

	BLUEX	FBCGX	Difference
Max Drawdown Largest peak-to-trough decline	-54.27%	-42.55%	-11.72%
Max Drawdown (1Y) Largest decline over 1 year	-12.19%	-12.64%	+0.45%
Max Drawdown (3Y) Largest decline over 3 years	-12.19%	-26.83%	+14.64%
Max Drawdown (5Y) Largest decline over 5 years	-21.87%	-42.55%	+20.68%
Max Drawdown (10Y) Largest decline over 10 years	-29.06%	—	—
Current Drawdown Current decline from peak	-3.55%	-8.03%	+4.48%
Average Drawdown Average peak-to-trough decline	-13.33%	-8.82%	-4.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.56%	3.72%	+1.84%

Volatility

BLUEX vs. FBCGX - Volatility Comparison

The current volatility for AMG Veritas Global Real Return Fund (BLUEX) is 3.73%, while Fidelity Blue Chip Growth K6 Fund (FBCGX) has a volatility of 7.30%. This indicates that BLUEX experiences smaller price fluctuations and is considered to be less risky than FBCGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLUEX	FBCGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	7.30%	-3.57%
Volatility (6M) Calculated over the trailing 6-month period	8.90%	16.67%	-7.77%
Volatility (1Y) Calculated over the trailing 1-year period	10.88%	20.64%	-9.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.84%	25.39%	-14.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.57%	24.94%	-8.37%

BLUEX vs. FBCGX - Expense Ratio Comparison

BLUEX has a 1.15% expense ratio, which is higher than FBCGX's 0.45% expense ratio.

Dividends

BLUEX vs. FBCGX - Dividend Comparison

BLUEX's dividend yield for the trailing twelve months is around 0.32%, less than FBCGX's 0.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
FBCGX Fidelity Blue Chip Growth K6 Fund	0.88%	0.97%	0.62%	0.26%	0.12%	6.71%	1.26%	0.28%	0.46%	0.13%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BLUEX and FBCGX in my portfolio?

BLUEX and FBCGX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BLUEX or FBCGX?

FBCGX has higher volatility (7.30%) compared to BLUEX (3.73%). In terms of maximum drawdown, BLUEX dropped -54.27% vs FBCGX's -42.55%.

Which has better risk-adjusted returns?

FBCGX currently has the higher Sharpe Ratio (0.98 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.