PLBEX vs. BLUEX

Last updated Jun 4, 2026

PLBEX (Plumb Equity Fund) and BLUEX (AMG Veritas Global Real Return Fund) are both Large Cap Growth Equities funds. Over the past 10 years, PLBEX returned 13.81%/yr vs 9.39%/yr for BLUEX. Their correlation of 0.81 suggests significant overlap in exposure. PLBEX charges 1.19%/yr vs 1.15%/yr for BLUEX.

Performance

PLBEX vs. BLUEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Plumb Equity Fund (PLBEX) 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, PLBEX achieves a 11.51% return, which is significantly higher than BLUEX's -6.58% return. Over the past 10 years, PLBEX has outperformed BLUEX with an annualized return of 13.81%, while BLUEX has yielded a comparatively lower 9.39% annualized return.

PLBEX

• 1D: -0.34%
• 1M: 8.09%
• YTD: 11.51%
• 6M: 11.06%
• 1Y: 23.47%
• 3Y*: 18.41%
• 5Y*: 7.95%
• 10Y*: 13.81%

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%

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

PLBEX vs. BLUEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PLBEX Plumb Equity Fund	11.51%	10.58%	18.01%	42.77%	-32.91%	3.44%	32.39%	33.00%	-2.43%	39.86%
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%	27.86%

Correlation

The correlation between PLBEX and BLUEX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since May 25, 2007	0.81

Over the past year, the correlation between PLBEX and BLUEX has dropped to 0.45 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Return for Risk

PLBEX vs. BLUEX — Risk / Return Rank

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

PLBEX

PLBEX Risk / Return Rank: 21
PLBEX Sharpe Ratio Rank: 23
PLBEX Sortino Ratio Rank: 22
PLBEX Omega Ratio Rank: 22
PLBEX Calmar Ratio Rank: 18
PLBEX Martin Ratio Rank: 20

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.

PLBEX vs. BLUEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Plumb Equity Fund (PLBEX) 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.

	PLBEX	BLUEX	Difference
Sharpe ratio: Return per unit of total volatility	1.38	-0.67	+2.05
Sortino ratio: Return per unit of downside risk	1.98	-0.88	+2.86
Omega ratio: Gain probability vs. loss probability	1.25	0.90	+0.35
Calmar ratio: Return relative to maximum drawdown	1.53	-0.55	+2.08
Martin ratio: Return relative to average drawdown	5.13	-1.37	+6.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLBEX vs. BLUEX - Sharpe Ratio Comparison

The current PLBEX Sharpe Ratio is 1.38, which is higher than the BLUEX Sharpe Ratio of -0.67. The chart below compares the historical Sharpe Ratios of PLBEX 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.

Sharpe Ratios by Period

	PLBEX	BLUEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	-0.67	+2.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.03	+0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.57	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.49	-0.12

Drawdowns

PLBEX vs. BLUEX - Drawdown Comparison

The maximum PLBEX drawdown since its inception was -52.48%, roughly equal to the maximum BLUEX drawdown of -54.27%. Use the drawdown chart below to compare losses from any high point for PLBEX and BLUEX.

Drawdown Indicators

	PLBEX	BLUEX	Difference
Max Drawdown Largest peak-to-trough decline	-52.48%	-54.27%	+1.79%
Max Drawdown (1Y) Largest decline over 1 year	-16.06%	-12.19%	-3.87%
Max Drawdown (3Y) Largest decline over 3 years	-23.05%	-12.19%	-10.86%
Max Drawdown (5Y) Largest decline over 5 years	-43.69%	-21.87%	-21.82%
Max Drawdown (10Y) Largest decline over 10 years	-43.69%	-29.06%	-14.63%
Current Drawdown Current decline from peak	-0.34%	-8.53%	+8.19%
Average Drawdown Average peak-to-trough decline	-11.90%	-13.37%	+1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.79%	4.85%	-0.06%

Volatility

PLBEX vs. BLUEX - Volatility Comparison

Plumb Equity Fund (PLBEX) has a higher volatility of 6.42% compared to AMG Veritas Global Real Return Fund (BLUEX) at 3.48%. This indicates that PLBEX'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

	PLBEX	BLUEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.42%	3.48%	+2.94%
Volatility (6M) Calculated over the trailing 6-month period	14.06%	7.75%	+6.31%
Volatility (1Y) Calculated over the trailing 1-year period	17.84%	9.98%	+7.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.08%	10.62%	+12.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.23%	16.59%	+6.64%

PLBEX vs. BLUEX - Expense Ratio Comparison

PLBEX has a 1.19% expense ratio, which is higher than BLUEX's 1.15% expense ratio.

Dividends

PLBEX vs. BLUEX - Dividend Comparison

PLBEX's dividend yield for the trailing twelve months is around 4.44%, 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%
PLBEX Plumb Equity Fund	4.44%	4.96%	0.58%	0.00%	11.55%	25.39%	9.27%	4.24%	14.87%	12.93%	1.07%	12.02%

Frequently Asked Questions

Can I hold both PLBEX and BLUEX in my portfolio?

PLBEX and BLUEX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLBEX or BLUEX?

PLBEX has higher volatility (6.42%) compared to BLUEX (3.48%). In terms of maximum drawdown, PLBEX dropped -52.48% vs BLUEX's -54.27%.

Which has better risk-adjusted returns?

PLBEX currently has the higher Sharpe Ratio (1.38 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.