BLUEX vs. SWLGX

Last updated Jun 4, 2026

BLUEX (AMG Veritas Global Real Return Fund) and SWLGX (Schwab U.S. Large-Cap Growth Index Fund) are both Large Cap Growth Equities funds. Over the past 5 years, BLUEX returned 0.30%/yr vs 16.03%/yr for SWLGX. A 0.74 correlation means they provide meaningful diversification when combined. BLUEX charges 1.15%/yr vs 0.04%/yr for SWLGX.

Performance

BLUEX vs. SWLGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AMG Veritas Global Real Return Fund (BLUEX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX). 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 SWLGX's 8.61% 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%

SWLGX

• 1D: -0.37%
• 1M: 7.15%
• YTD: 8.61%
• 6M: 8.00%
• 1Y: 27.46%
• 3Y*: 25.54%
• 5Y*: 16.03%
• 10Y*: —

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

BLUEX vs. SWLGX - 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%	-0.73%
SWLGX Schwab U.S. Large-Cap Growth Index Fund	8.61%	18.55%	33.30%	42.67%	-29.17%	27.55%	38.43%	36.30%	-1.59%	-0.60%

Correlation

The correlation between BLUEX and SWLGX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Dec 20, 2017	0.74

Over the past year, the correlation between BLUEX and SWLGX has dropped to 0.37 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

Return for Risk

BLUEX vs. SWLGX — 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

SWLGX

SWLGX Risk / Return Rank: 32
SWLGX Sharpe Ratio Rank: 40
SWLGX Sortino Ratio Rank: 36
SWLGX Omega Ratio Rank: 37
SWLGX Calmar Ratio Rank: 22
SWLGX Martin Ratio Rank: 23

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. SWLGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AMG Veritas Global Real Return Fund (BLUEX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX). 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	SWLGX	Difference
Sharpe ratio Return per unit of total volatility	-0.67	1.85	-2.51
Sortino ratio Return per unit of downside risk	-0.88	2.50	-3.38
Omega ratio Gain probability vs. loss probability	0.90	1.32	-0.42
Calmar ratio Return relative to maximum drawdown	-0.55	1.76	-2.30
Martin ratio Return relative to average drawdown	-1.37	5.92	-7.28
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. SWLGX - Sharpe Ratio Comparison

The current BLUEX Sharpe Ratio is -0.67, which is lower than the SWLGX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of BLUEX and SWLGX, 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	SWLGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.67	1.85	-2.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.75	-0.72
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.80	-0.31

Drawdowns

BLUEX vs. SWLGX - Drawdown Comparison

The maximum BLUEX drawdown since its inception was -54.27%, which is greater than SWLGX's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for BLUEX and SWLGX.

Drawdown Indicators

	BLUEX	SWLGX	Difference
Max Drawdown Largest peak-to-trough decline	-54.27%	-32.69%	-21.58%
Max Drawdown (1Y) Largest decline over 1 year	-12.19%	-16.16%	+3.97%
Max Drawdown (3Y) Largest decline over 3 years	-12.19%	-23.30%	+11.11%
Max Drawdown (5Y) Largest decline over 5 years	-21.87%	-32.69%	+10.82%
Max Drawdown (10Y) Largest decline over 10 years	-29.06%	—	—
Current Drawdown Current decline from peak	-8.53%	-0.37%	-8.16%
Average Drawdown Average peak-to-trough decline	-13.37%	-7.05%	-6.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.85%	4.80%	+0.05%

Volatility

BLUEX vs. SWLGX - Volatility Comparison

AMG Veritas Global Real Return Fund (BLUEX) has a higher volatility of 3.48% compared to Schwab U.S. Large-Cap Growth Index Fund (SWLGX) at 3.30%. This indicates that BLUEX's price experiences larger fluctuations and is considered to be riskier than SWLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLUEX	SWLGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	3.30%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	7.75%	11.59%	-3.84%
Volatility (1Y) Calculated over the trailing 1-year period	9.98%	15.40%	-5.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.62%	21.49%	-10.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	22.68%	-6.09%

BLUEX vs. SWLGX - Expense Ratio Comparison

BLUEX has a 1.15% expense ratio, which is higher than SWLGX's 0.04% expense ratio.

Dividends

BLUEX vs. SWLGX - Dividend Comparison

BLUEX's dividend yield for the trailing twelve months is around 0.33%, less than SWLGX's 0.42% 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%
SWLGX Schwab U.S. Large-Cap Growth Index Fund	0.42%	0.46%	0.52%	0.67%	0.93%	1.76%	0.67%	0.96%	1.03%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BLUEX and SWLGX in my portfolio?

BLUEX and SWLGX have a correlation of 0.37, 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 SWLGX?

BLUEX has higher volatility (3.48%) compared to SWLGX (3.30%). In terms of maximum drawdown, BLUEX dropped -54.27% vs SWLGX's -32.69%.

Which has better risk-adjusted returns?

SWLGX currently has the higher Sharpe Ratio (1.85 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.