GXXIX vs. BLUEX

Last updated Jun 23, 2026

GXXIX (abrdn U.S. Sustainable Leaders Fund) and BLUEX (AMG Veritas Global Real Return Fund) are both Large Cap Growth Equities funds. Over the past 10 years, GXXIX returned 14.57%/yr vs 9.46%/yr for BLUEX. A 0.79 correlation means they provide meaningful diversification when combined. GXXIX charges 0.97%/yr vs 1.15%/yr for BLUEX.

Performance

GXXIX vs. BLUEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn U.S. Sustainable Leaders Fund (GXXIX) 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, GXXIX achieves a 4.78% return, which is significantly higher than BLUEX's -7.13% return. Over the past 10 years, GXXIX has outperformed BLUEX with an annualized return of 14.57%, while BLUEX has yielded a comparatively lower 9.46% annualized return.

GXXIX

• 1D: 0.77%
• 1M: 0.91%
• YTD: 4.78%
• 6M: 4.17%
• 1Y: 12.07%
• 3Y*: 7.99%
• 5Y*: 11.40%
• 10Y*: 14.57%

BLUEX

• 1D: 0.05%
• 1M: -0.40%
• YTD: -7.13%
• 6M: -7.13%
• 1Y: -5.88%
• 3Y*: 2.81%
• 5Y*: -0.01%
• 10Y*: 9.46%

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

GXXIX vs. BLUEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GXXIX abrdn U.S. Sustainable Leaders Fund	4.78%	3.82%	10.11%	15.19%	-26.55%	81.37%	29.56%	36.96%	-6.73%	20.42%
BLUEX AMG Veritas Global Real Return Fund	-7.13%	4.45%	7.24%	14.35%	-14.30%	3.22%	34.74%	35.34%	-4.91%	27.86%

Correlation

The correlation between GXXIX and BLUEX is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Oct 12, 2011	0.79

Over the past year, the correlation between GXXIX and BLUEX has dropped to 0.53 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

Return for Risk

GXXIX vs. BLUEX — Risk / Return Rank

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

GXXIX

GXXIX Risk / Return Rank: 12
GXXIX Sharpe Ratio Rank: 12
GXXIX Sortino Ratio Rank: 12
GXXIX Omega Ratio Rank: 12
GXXIX Calmar Ratio Rank: 11
GXXIX Martin Ratio Rank: 14

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.

GXXIX vs. BLUEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn U.S. Sustainable Leaders Fund (GXXIX) 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.

	GXXIX	BLUEX	Difference
Sharpe ratio: Return per unit of total volatility	0.90	-0.60	+1.50
Sortino ratio: Return per unit of downside risk	1.31	-0.78	+2.09
Omega ratio: Gain probability vs. loss probability	1.16	0.91	+0.25
Calmar ratio: Return relative to maximum drawdown	0.96	-0.51	+1.47
Martin ratio: Return relative to average drawdown	3.66	-1.19	+4.85

GXXIX vs. BLUEX - Sharpe Ratio Comparison

The current GXXIX Sharpe Ratio is 0.90, which is higher than the BLUEX Sharpe Ratio of -0.60. The chart below compares the historical Sharpe Ratios of GXXIX 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

GXXIX vs. BLUEX - Drawdown Comparison

The maximum GXXIX drawdown since its inception was -33.65%, smaller than the maximum BLUEX drawdown of -54.27%. Use the drawdown chart below to compare losses from any high point for GXXIX and BLUEX.

Drawdown Indicators

	GXXIX	BLUEX	Difference
Max Drawdown Largest peak-to-trough decline	-33.65%	-54.27%	+20.62%
Max Drawdown (1Y) Largest decline over 1 year	-11.78%	-12.19%	+0.41%
Max Drawdown (3Y) Largest decline over 3 years	-19.74%	-12.19%	-7.55%
Max Drawdown (5Y) Largest decline over 5 years	-33.65%	-21.87%	-11.78%
Max Drawdown (10Y) Largest decline over 10 years	-33.65%	-29.06%	-4.59%
Current Drawdown Current decline from peak	-2.16%	-9.06%	+6.90%
Average Drawdown Average peak-to-trough decline	-6.15%	-13.36%	+7.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	5.16%	-2.06%

Volatility

GXXIX vs. BLUEX - Volatility Comparison

abrdn U.S. Sustainable Leaders Fund (GXXIX) has a higher volatility of 5.26% compared to AMG Veritas Global Real Return Fund (BLUEX) at 3.82%. This indicates that GXXIX'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

	GXXIX	BLUEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	3.82%	+1.44%
Volatility (6M) Calculated over the trailing 6-month period	10.27%	8.22%	+2.05%
Volatility (1Y) Calculated over the trailing 1-year period	12.57%	10.40%	+2.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.83%	10.71%	+17.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.75%	16.60%	+7.15%

GXXIX vs. BLUEX - Expense Ratio Comparison

GXXIX has a 0.97% expense ratio, which is lower than BLUEX's 1.15% expense ratio.

Dividends

GXXIX vs. BLUEX - Dividend Comparison

GXXIX's dividend yield for the trailing twelve months is around 2.19%, more than BLUEX's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BLUEX AMG Veritas Global Real Return Fund	0.34%	0.31%	0.29%	0.03%	11.84%	27.20%	25.43%	13.71%	13.40%	0.00%	0.00%	0.24%
GXXIX abrdn U.S. Sustainable Leaders Fund	2.19%	2.30%	0.00%	0.28%	0.39%	59.39%	14.10%	9.76%	12.93%	10.11%	12.20%	5.82%

Frequently Asked Questions

Can I hold both GXXIX and BLUEX in my portfolio?

GXXIX and BLUEX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GXXIX or BLUEX?

GXXIX has higher volatility (5.26%) compared to BLUEX (3.82%). In terms of maximum drawdown, GXXIX dropped -33.65% vs BLUEX's -54.27%.

Which has better risk-adjusted returns?

GXXIX currently has the higher Sharpe Ratio (0.90 vs -0.59), 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.