GWETX vs. BLUEX
GWETX (AMG GW&K Small Cap Core Fund) and BLUEX (AMG Veritas Global Real Return Fund) are both mutual funds - GWETX is a Small Cap Blend Equities fund managed by AMG, while BLUEX is a Large Cap Growth Equities fund managed by AMG. Over the past 10 years, GWETX returned 9.56%/yr vs 9.72%/yr for BLUEX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. GWETX charges 1.30%/yr vs 1.15%/yr for BLUEX.
Performance
GWETX vs. BLUEX - Performance Comparison
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Returns By Period
In the year-to-date period, GWETX achieves a 13.54% return, which is significantly higher than BLUEX's -1.30% return. Both investments have delivered pretty close results over the past 10 years, with GWETX having a 9.56% annualized return and BLUEX not far ahead at 9.72%.
GWETX
- 1D
- 1.31%
- 1M
- -1.81%
- 6M
- 9.37%
- YTD
- 13.54%
- 1Y
- 16.27%
- 3Y*
- 8.81%
- 5Y*
- 3.56%
- 10Y*
- 9.56%
- ALL TIME*
- 6.87%
BLUEX
- 1D
- -0.05%
- 1M
- 2.06%
- 6M
- 0.53%
- YTD
- -1.30%
- 1Y
- 2.01%
- 3Y*
- 3.85%
- 5Y*
- 0.98%
- 10Y*
- 9.72%
- ALL TIME*
- 9.36%
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 |
GWETX vs. BLUEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GWETX AMG GW&K Small Cap Core Fund | 13.54% | -0.62% | 13.60% | 8.03% | -16.60% | 21.09% | 17.72% | 38.10% | -14.03% | 20.32% |
BLUEX AMG Veritas Global Real Return Fund | -1.30% | 4.45% | 7.24% | 14.35% | -14.30% | 3.22% | 34.74% | 35.34% | -4.91% | 27.86% |
Correlation
The correlation between GWETX and BLUEX is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997 | 0.77 |
Over the past year, the correlation between GWETX and BLUEX has dropped to 0.40 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
GWETX vs. BLUEX — Risk / Return Rank
GWETX
BLUEX
GWETX vs. BLUEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG GW&K Small Cap Core Fund (GWETX) 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.
| GWETX | BLUEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.02 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 0.05 | +1.03 |
| Martin ratioReturn relative to average drawdown | 3.00 | 0.11 | +2.90 |
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Drawdowns
GWETX vs. BLUEX - Drawdown Comparison
The maximum GWETX drawdown since its inception was -67.27%, which is greater than BLUEX's maximum drawdown of -54.27%. Use the drawdown chart below to compare losses from any high point for GWETX and BLUEX.
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Drawdown Indicators
| GWETX | BLUEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.27% | -54.27% | -13.00% |
Max Drawdown (1Y)Largest decline over 1 year | -13.26% | -12.19% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -24.48% | -12.19% | -12.29% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -21.87% | -8.63% |
Max Drawdown (10Y)Largest decline over 10 years | -41.37% | -29.06% | -12.31% |
Current DrawdownCurrent decline from peak | -3.97% | -3.35% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -19.21% | -13.34% | -5.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 5.56% | -0.81% |
Volatility
GWETX vs. BLUEX - Volatility Comparison
AMG GW&K Small Cap Core Fund (GWETX) has a higher volatility of 4.25% compared to AMG Veritas Global Real Return Fund (BLUEX) at 3.80%. This indicates that GWETX'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.
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Volatility by Period
| GWETX | BLUEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 3.80% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 12.99% | 8.91% | +4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.70% | 10.90% | +8.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.34% | 10.85% | +10.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.20% | 16.57% | +5.63% |
GWETX vs. BLUEX - Expense Ratio Comparison
GWETX has a 1.30% expense ratio, which is higher than BLUEX's 1.15% expense ratio.
Dividends
GWETX vs. BLUEX - Dividend Comparison
GWETX has not paid dividends to shareholders, while BLUEX's dividend yield for the trailing twelve months is around 0.32%.
| 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% |
GWETX AMG GW&K Small Cap Core Fund | 0.00% | 0.00% | 4.04% | 0.70% | 0.75% | 9.16% | 2.43% | 10.50% | 14.38% | 5.46% | 4.24% | 4.10% |
Frequently Asked Questions
GWETX and BLUEX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GWETX has higher volatility (4.25%) compared to BLUEX (3.80%). In terms of maximum drawdown, GWETX dropped -67.27% vs BLUEX's -54.27%.
GWETX currently has the higher Sharpe Ratio (0.73 vs 0.05), 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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