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.
Correlation
The correlation between BLUEX and SPY is 0.80, 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
Key characteristics
BLUEX:
1.05
SPY:
1.91
BLUEX:
1.52
SPY:
2.57
BLUEX:
1.19
SPY:
1.35
BLUEX:
0.19
SPY:
2.88
BLUEX:
4.50
SPY:
11.96
BLUEX:
1.71%
SPY:
2.03%
BLUEX:
7.35%
SPY:
12.68%
BLUEX:
-62.97%
SPY:
-55.19%
BLUEX:
-36.73%
SPY:
0.00%
Returns By Period
In the year-to-date period, BLUEX achieves a 2.05% return, which is significantly lower than SPY's 4.34% return. Over the past 10 years, BLUEX has underperformed SPY with an annualized return of 0.83%, while SPY has yielded a comparatively higher 13.21% annualized return.
BLUEX
2.05%
1.03%
2.31%
7.33%
-4.58%
0.83%
SPY
4.34%
2.33%
10.15%
23.99%
14.44%
13.21%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 Rank
BLUEX
SPY
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 0.28%, less than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLUEX AMG Veritas Global Real Return Fund | 0.28% | 0.29% | 0.03% | 1.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.24% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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 2.51%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.13%. 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.