BLUEX vs. RWGIX

Last updated Jun 4, 2026

BLUEX (AMG Veritas Global Real Return Fund) and RWGIX (Wedgewood Fund) are both Large Cap Growth Equities funds. Over the past 10 years, BLUEX returned 9.39%/yr vs 25.12%/yr for RWGIX. Their correlation of 0.81 suggests significant overlap in exposure. BLUEX charges 1.15%/yr vs 0.95%/yr for RWGIX.

Performance

BLUEX vs. RWGIX - Performance Comparison

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

Returns By Period

In the year-to-date period, BLUEX achieves a -6.58% return, which is significantly lower than RWGIX's 3.26% return. Over the past 10 years, BLUEX has underperformed RWGIX with an annualized return of 9.39%, while RWGIX has yielded a comparatively higher 25.12% annualized return.

BLUEX

• 1D: -1.34%
• 1M: 0.16%
• YTD: -6.58%
• 6M: -6.15%
• 1Y: -6.22%
• 3Y*: 3.42%
• 5Y*: 0.30%
• 10Y*: 9.39%

RWGIX

• 1D: -0.20%
• 1M: 0.60%
• YTD: 3.26%
• 6M: 3.59%
• 1Y: 11.78%
• 3Y*: 16.46%
• 5Y*: 32.38%
• 10Y*: 25.12%

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

BLUEX vs. RWGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BLUEX AMG Veritas Global Real Return Fund	-6.58%	4.45%	7.24%	14.35%	-14.30%	3.22%	34.74%	35.34%	-4.91%	27.86%
RWGIX Wedgewood Fund	3.26%	4.33%	29.94%	29.09%	-26.13%	242.06%	31.48%	32.67%	-6.36%	20.04%

Correlation

The correlation between BLUEX and RWGIX 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	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011	0.81

The correlation between BLUEX and RWGIX shifts across timeframes, from 0.62 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BLUEX vs. RWGIX — Risk / Return Rank

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

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

RWGIX

RWGIX Risk / Return Rank: 11
RWGIX Sharpe Ratio Rank: 12
RWGIX Sortino Ratio Rank: 11
RWGIX Omega Ratio Rank: 11
RWGIX Calmar Ratio Rank: 9
RWGIX Martin Ratio Rank: 11

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.

BLUEX vs. RWGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AMG Veritas Global Real Return Fund (BLUEX) and Wedgewood Fund (RWGIX). 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.

	BLUEX	RWGIX	Difference
Sharpe ratio Return per unit of total volatility	-0.67	0.91	-1.58
Sortino ratio Return per unit of downside risk	-0.88	1.35	-2.23
Omega ratio Gain probability vs. loss probability	0.90	1.17	-0.27
Calmar ratio Return relative to maximum drawdown	-0.55	0.96	-1.50
Martin ratio Return relative to average drawdown	-1.37	3.39	-4.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BLUEX vs. RWGIX - Sharpe Ratio Comparison

The current BLUEX Sharpe Ratio is -0.67, which is lower than the RWGIX Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of BLUEX and RWGIX, 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

	BLUEX	RWGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.67	0.91	-1.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.43	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.44	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.41	+0.08

Drawdowns

BLUEX vs. RWGIX - Drawdown Comparison

The maximum BLUEX drawdown since its inception was -54.27%, which is greater than RWGIX's maximum drawdown of -47.12%. Use the drawdown chart below to compare losses from any high point for BLUEX and RWGIX.

Drawdown Indicators

	BLUEX	RWGIX	Difference
Max Drawdown Largest peak-to-trough decline	-54.27%	-47.12%	-7.15%
Max Drawdown (1Y) Largest decline over 1 year	-12.19%	-12.05%	-0.14%
Max Drawdown (3Y) Largest decline over 3 years	-12.19%	-19.16%	+6.97%
Max Drawdown (5Y) Largest decline over 5 years	-21.87%	-30.62%	+8.75%
Max Drawdown (10Y) Largest decline over 10 years	-29.06%	-47.12%	+18.06%
Current Drawdown Current decline from peak	-8.53%	-0.59%	-7.94%
Average Drawdown Average peak-to-trough decline	-13.37%	-6.71%	-6.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.85%	3.41%	+1.44%

Volatility

BLUEX vs. RWGIX - Volatility Comparison

AMG Veritas Global Real Return Fund (BLUEX) has a higher volatility of 3.48% compared to Wedgewood Fund (RWGIX) at 3.02%. This indicates that BLUEX's price experiences larger fluctuations and is considered to be riskier than RWGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLUEX	RWGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	3.02%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	7.75%	9.77%	-2.02%
Volatility (1Y) Calculated over the trailing 1-year period	9.98%	12.98%	-3.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.62%	76.15%	-65.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	57.95%	-41.36%

BLUEX vs. RWGIX - Expense Ratio Comparison

BLUEX has a 1.15% expense ratio, which is higher than RWGIX's 0.95% expense ratio.

Dividends

BLUEX vs. RWGIX - Dividend Comparison

BLUEX's dividend yield for the trailing twelve months is around 0.33%, less than RWGIX's 11.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
RWGIX Wedgewood Fund	11.13%	11.50%	15.61%	2.14%	15.90%	71.14%	88.03%	39.95%	124.71%	16.61%	0.17%	4.63%

Frequently Asked Questions

Can I hold both BLUEX and RWGIX in my portfolio?

BLUEX and RWGIX 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, BLUEX or RWGIX?

BLUEX has higher volatility (3.48%) compared to RWGIX (3.02%). In terms of maximum drawdown, BLUEX dropped -54.27% vs RWGIX's -47.12%.

Which has better risk-adjusted returns?

RWGIX currently has the higher Sharpe Ratio (0.91 vs -0.67), 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.