BLUEX vs. TMDIX
BLUEX (AMG Veritas Global Real Return Fund) and TMDIX (AMG TimesSquare Mid Cap Growth Fund) are both mutual funds - BLUEX is a Large Cap Growth Equities fund managed by AMG, while TMDIX is a Mid Cap Growth Equities fund managed by AMG. Over the past 10 years, BLUEX returned 9.81%/yr vs 12.89%/yr for TMDIX. Their correlation of 0.83 means they have usually moved in the same direction. BLUEX charges 1.15%/yr vs 0.98%/yr for TMDIX.
Performance
BLUEX vs. TMDIX - Performance Comparison
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Returns By Period
In the year-to-date period, BLUEX achieves a -1.50% return, which is significantly lower than TMDIX's 5.18% return. Over the past 10 years, BLUEX has underperformed TMDIX with an annualized return of 9.81%, while TMDIX has yielded a comparatively higher 12.89% annualized return.
BLUEX
- 1D
- -0.20%
- 1M
- 1.86%
- 6M
- 0.15%
- YTD
- -1.50%
- 1Y
- 1.81%
- 3Y*
- 3.92%
- 5Y*
- 0.93%
- 10Y*
- 9.81%
- ALL TIME*
- 9.35%
TMDIX
- 1D
- 0.63%
- 1M
- -2.81%
- 6M
- 6.26%
- YTD
- 5.18%
- 1Y
- -5.51%
- 3Y*
- 6.82%
- 5Y*
- 3.05%
- 10Y*
- 12.89%
- ALL TIME*
- 10.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BLUEX vs. TMDIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BLUEX AMG Veritas Global Real Return Fund | -1.50% | 4.45% | 7.24% | 14.35% | -14.30% | 3.22% | 34.74% | 35.34% | -4.91% | 27.86% |
TMDIX AMG TimesSquare Mid Cap Growth Fund | 5.18% | -1.76% | 10.84% | 25.07% | -22.26% | 16.75% | 33.42% | 63.26% | -4.28% | 22.66% |
Correlation
The correlation between BLUEX and TMDIX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2005 | 0.83 |
Over the past year, the correlation between BLUEX and TMDIX has dropped to 0.39 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
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Return for Risk
BLUEX vs. TMDIX — Risk / Return Rank
BLUEX
TMDIX
BLUEX vs. TMDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG Veritas Global Real Return Fund (BLUEX) and AMG TimesSquare Mid Cap Growth Fund (TMDIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BLUEX | TMDIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.96 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | -0.25 | +0.35 |
| Martin ratioReturn relative to average drawdown | 0.21 | -0.49 | +0.70 |
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Drawdowns
BLUEX vs. TMDIX - Drawdown Comparison
The maximum BLUEX drawdown since its inception was -54.27%, which is greater than TMDIX's maximum drawdown of -48.73%. Use the drawdown chart below to compare losses from any high point for BLUEX and TMDIX.
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Drawdown Indicators
| BLUEX | TMDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.27% | -48.73% | -5.54% |
Max Drawdown (1Y)Largest decline over 1 year | -12.19% | -25.45% | +13.26% |
Max Drawdown (3Y)Largest decline over 3 years | -12.19% | -25.45% | +13.26% |
Max Drawdown (5Y)Largest decline over 5 years | -21.87% | -30.53% | +8.66% |
Max Drawdown (10Y)Largest decline over 10 years | -29.06% | -35.44% | +6.38% |
Current DrawdownCurrent decline from peak | -3.55% | -11.93% | +8.38% |
Average DrawdownAverage peak-to-trough decline | -13.33% | -7.19% | -6.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.56% | 12.97% | -7.41% |
Volatility
BLUEX vs. TMDIX - Volatility Comparison
The current volatility for AMG Veritas Global Real Return Fund (BLUEX) is 3.73%, while AMG TimesSquare Mid Cap Growth Fund (TMDIX) has a volatility of 4.88%. This indicates that BLUEX experiences smaller price fluctuations and is considered to be less risky than TMDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLUEX | TMDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 4.88% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 8.90% | 13.97% | -5.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.88% | 20.65% | -9.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.84% | 20.58% | -9.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 21.11% | -4.54% |
BLUEX vs. TMDIX - Expense Ratio Comparison
BLUEX has a 1.15% expense ratio, which is higher than TMDIX's 0.98% expense ratio.
Dividends
BLUEX vs. TMDIX - Dividend Comparison
BLUEX's dividend yield for the trailing twelve months is around 0.32%, while TMDIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLUEX AMG Veritas Global Real Return Fund | 0.32% | 0.31% | 0.29% | 0.03% | 11.84% | 27.20% | 25.43% | 13.71% | 13.40% | 0.00% | 0.00% | 0.24% |
TMDIX AMG TimesSquare Mid Cap Growth Fund | 0.00% | 0.00% | 8.08% | 3.98% | 3.69% | 29.72% | 18.28% | 31.06% | 16.38% | 14.44% | 5.90% | 7.73% |
Frequently Asked Questions
BLUEX and TMDIX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMDIX has higher volatility (4.88%) compared to BLUEX (3.73%). In terms of maximum drawdown, BLUEX dropped -54.27% vs TMDIX's -48.73%.
BLUEX currently has the higher Sharpe Ratio (0.11 vs -0.31), 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.
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