BLUEX vs. SPY
Compare and contrast key facts about AMG Veritas Global Real Return Fund (BLUEX) and SPDR S&P 500 ETF (SPY).
BLUEX is managed by AMG. It was launched on Jan 10, 1991. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BLUEX or SPY.
Key characteristics
BLUEX | SPY | |
---|---|---|
YTD Return | 1.53% | 5.94% |
1Y Return | 5.39% | 22.56% |
3Y Return (Ann) | -0.73% | 7.95% |
5Y Return (Ann) | 8.86% | 13.35% |
10Y Return (Ann) | 10.67% | 12.34% |
Sharpe Ratio | 0.60 | 1.93 |
Daily Std Dev | 8.60% | 11.63% |
Max Drawdown | -62.97% | -55.19% |
Current Drawdown | -8.42% | -4.05% |
Correlation
The correlation between BLUEX and SPY is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BLUEX vs. SPY - Performance Comparison
In the year-to-date period, BLUEX achieves a 1.53% return, which is significantly lower than SPY's 5.94% return. Over the past 10 years, BLUEX has underperformed SPY with an annualized return of 10.67%, while SPY has yielded a comparatively higher 12.34% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BLUEX vs. SPY - Expense Ratio Comparison
BLUEX has a 1.15% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BLUEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG Veritas Global Real Return Fund (BLUEX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
BLUEX vs. SPY - Dividend Comparison
BLUEX's dividend yield for the trailing twelve months is around 0.03%, less than SPY's 1.34% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
AMG Veritas Global Real Return Fund | 0.03% | 0.03% | 11.84% | 27.20% | 25.43% | 13.71% | 13.40% | 0.00% | 0.00% | 0.24% | 0.00% | 0.00% |
SPDR S&P 500 ETF | 1.34% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BLUEX vs. SPY - Drawdown Comparison
The maximum BLUEX drawdown since its inception was -62.97%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BLUEX and SPY. For additional features, visit the drawdowns tool.
Volatility
BLUEX vs. SPY - Volatility Comparison
The current volatility for AMG Veritas Global Real Return Fund (BLUEX) is 2.75%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.91%. This indicates that BLUEX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.