FNPFX vs. BLUEX

Last updated Jul 14, 2026

FNPFX (American Funds New Perspective Fund Class F-3) and BLUEX (AMG Veritas Global Real Return Fund) are both Large Cap Growth Equities funds. Over the past 5 years, FNPFX returned 8.43%/yr vs 0.54%/yr for BLUEX. A 0.76 correlation means they provide meaningful diversification when combined. FNPFX charges 0.41%/yr vs 1.15%/yr for BLUEX.

Performance

FNPFX vs. BLUEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds New Perspective Fund Class F-3 (FNPFX) and AMG Veritas Global Real Return Fund (BLUEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNPFX achieves a 6.91% return, which is significantly higher than BLUEX's -4.39% return.

FNPFX

• 1D: 0.01%
• 1M: 1.79%
• 6M: 3.50%
• YTD: 6.91%
• 1Y: 15.42%
• 3Y*: 17.67%
• 5Y*: 8.43%
• 10Y*: —

BLUEX

• 1D: 0.10%
• 1M: 1.99%
• 6M: -6.21%
• YTD: -4.39%
• 1Y: -5.48%
• 3Y*: 3.69%
• 5Y*: 0.54%
• 10Y*: 9.39%

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

FNPFX vs. BLUEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNPFX American Funds New Perspective Fund Class F-3	6.91%	21.73%	17.10%	25.08%	-25.70%	18.01%	33.87%	30.48%	-5.71%	23.61%
BLUEX AMG Veritas Global Real Return Fund	-4.39%	4.45%	7.24%	14.35%	-14.30%	3.22%	34.74%	35.34%	-4.91%	21.93%

Correlation

The correlation between FNPFX and BLUEX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.76

Over the past year, the correlation between FNPFX and BLUEX has dropped to 0.50 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

Return for Risk

FNPFX vs. BLUEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FNPFX

FNPFX Risk / Return Rank: 24
FNPFX Sharpe Ratio Rank: 23
FNPFX Sortino Ratio Rank: 23
FNPFX Omega Ratio Rank: 24
FNPFX Calmar Ratio Rank: 22
FNPFX Martin Ratio Rank: 30

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

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.

FNPFX vs. BLUEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds New Perspective Fund Class F-3 (FNPFX) and AMG Veritas Global Real Return Fund (BLUEX). 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.

	FNPFX	BLUEX	Difference
Sharpe ratio: Return per unit of total volatility	1.02	-0.54	+1.56
Sortino ratio: Return per unit of downside risk	1.50	-0.70	+2.20
Omega ratio: Gain probability vs. loss probability	1.19	0.92	+0.27
Calmar ratio: Return relative to maximum drawdown	1.29	-0.47	+1.77
Martin ratio: Return relative to average drawdown	5.33	-1.06	+6.39

FNPFX vs. BLUEX - Sharpe Ratio Comparison

The current FNPFX Sharpe Ratio is 1.02, which is higher than the BLUEX Sharpe Ratio of -0.54. The chart below compares the historical Sharpe Ratios of FNPFX and BLUEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FNPFX vs. BLUEX - Drawdown Comparison

The maximum FNPFX drawdown since its inception was -34.25%, smaller than the maximum BLUEX drawdown of -54.27%. Use the drawdown chart below to compare losses from any high point for FNPFX and BLUEX.

Drawdown Indicators

	FNPFX	BLUEX	Difference
Max Drawdown Largest peak-to-trough decline	-34.25%	-54.27%	+20.02%
Max Drawdown (1Y) Largest decline over 1 year	-11.43%	-12.19%	+0.76%
Max Drawdown (3Y) Largest decline over 3 years	-17.90%	-12.19%	-5.71%
Max Drawdown (5Y) Largest decline over 5 years	-34.25%	-21.87%	-12.38%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.06%	—
Current Drawdown Current decline from peak	-0.64%	-6.38%	+5.74%
Average Drawdown Average peak-to-trough decline	-6.65%	-13.35%	+6.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	5.45%	-2.68%

Volatility

FNPFX vs. BLUEX - Volatility Comparison

American Funds New Perspective Fund Class F-3 (FNPFX) has a higher volatility of 5.35% compared to AMG Veritas Global Real Return Fund (BLUEX) at 3.98%. This indicates that FNPFX's price experiences larger fluctuations and is considered to be riskier than BLUEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNPFX	BLUEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.35%	3.98%	+1.37%
Volatility (6M) Calculated over the trailing 6-month period	12.18%	8.73%	+3.45%
Volatility (1Y) Calculated over the trailing 1-year period	14.46%	10.76%	+3.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.39%	10.79%	+6.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.17%	16.55%	+1.62%

FNPFX vs. BLUEX - Expense Ratio Comparison

FNPFX has a 0.41% expense ratio, which is lower than BLUEX's 1.15% expense ratio.

Dividends

FNPFX vs. BLUEX - Dividend Comparison

FNPFX's dividend yield for the trailing twelve months is around 6.43%, more than BLUEX's 0.33% 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%
FNPFX American Funds New Perspective Fund Class F-3	6.43%	6.88%	5.46%	5.68%	4.53%	7.32%	4.41%	3.98%	7.95%	5.82%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FNPFX and BLUEX in my portfolio?

FNPFX and BLUEX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNPFX or BLUEX?

FNPFX has higher volatility (5.35%) compared to BLUEX (3.98%). In terms of maximum drawdown, FNPFX dropped -34.25% vs BLUEX's -54.27%.

Which has better risk-adjusted returns?

FNPFX currently has the higher Sharpe Ratio (1.02 vs -0.54), 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.