BLUEX vs. SPY
Compare and contrast key facts about AMG Veritas Global Real Return Fund (BLUEX) and State Street 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.
Performance
BLUEX vs. SPY - Performance Comparison
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BLUEX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BLUEX AMG Veritas Global Real Return Fund | -8.68% | 4.45% | 7.24% | 14.35% | -14.30% | 3.22% | 34.74% | 35.34% | -4.91% | 27.86% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, BLUEX achieves a -8.68% return, which is significantly lower than SPY's -3.65% return. Over the past 10 years, BLUEX has underperformed SPY with an annualized return of 9.35%, while SPY has yielded a comparatively higher 14.06% annualized return.
BLUEX
- 1D
- 1.10%
- 1M
- -5.47%
- YTD
- -8.68%
- 6M
- -9.03%
- 1Y
- -7.28%
- 3Y*
- 2.73%
- 5Y*
- 0.53%
- 10Y*
- 9.35%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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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.
Return for Risk
BLUEX vs. SPY — Risk / Return Rank
BLUEX
SPY
BLUEX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG Veritas Global Real Return Fund (BLUEX) and State Street 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.
| BLUEX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.66 | 0.96 | -1.62 |
Sortino ratioReturn per unit of downside risk | -0.89 | 1.49 | -2.38 |
Omega ratioGain probability vs. loss probability | 0.89 | 1.23 | -0.34 |
Calmar ratioReturn relative to maximum drawdown | -0.69 | 1.53 | -2.23 |
Martin ratioReturn relative to average drawdown | -2.40 | 7.27 | -9.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BLUEX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | 0.96 | -1.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.70 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.79 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.56 | -0.07 |
Correlation
The correlation between BLUEX and SPY is 0.79, 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.
Dividends
BLUEX vs. SPY - Dividend Comparison
BLUEX's dividend yield for the trailing twelve months is around 0.34%, less than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
BLUEX vs. SPY - Drawdown Comparison
The maximum BLUEX drawdown since its inception was -54.27%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BLUEX and SPY.
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Drawdown Indicators
| BLUEX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.27% | -55.19% | +0.92% |
Max Drawdown (1Y)Largest decline over 1 year | -12.19% | -12.05% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -21.87% | -24.50% | +2.63% |
Max Drawdown (10Y)Largest decline over 10 years | -29.06% | -33.72% | +4.66% |
Current DrawdownCurrent decline from peak | -10.58% | -5.53% | -5.05% |
Average DrawdownAverage peak-to-trough decline | -13.39% | -9.09% | -4.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 2.54% | +0.97% |
Volatility
BLUEX vs. SPY - Volatility Comparison
The current volatility for AMG Veritas Global Real Return Fund (BLUEX) is 3.64%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. 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.
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Volatility by Period
| BLUEX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.64% | 5.35% | -1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 7.31% | 9.50% | -2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.01% | 19.06% | -8.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.50% | 17.06% | -6.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 17.92% | -1.35% |