YACKX vs. BLUEX

Last updated Jul 17, 2026

YACKX (AMG Yacktman Fund) and BLUEX (AMG Veritas Global Real Return Fund) are both mutual funds - YACKX is a Large Cap Value Equities fund managed by AMG, while BLUEX is a Large Cap Growth Equities fund managed by AMG. Over the past 10 years, YACKX returned 12.01%/yr vs 9.42%/yr for BLUEX. A 0.65 correlation means they provide meaningful diversification when combined. YACKX charges 0.71%/yr vs 1.15%/yr for BLUEX.

Performance

YACKX vs. BLUEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AMG Yacktman Fund (YACKX) 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, YACKX achieves a 15.26% return, which is significantly higher than BLUEX's -4.09% return. Over the past 10 years, YACKX has outperformed BLUEX with an annualized return of 12.01%, while BLUEX has yielded a comparatively lower 9.42% annualized return.

YACKX

• 1D: -0.04%
• 1M: -1.73%
• 6M: 9.10%
• YTD: 15.26%
• 1Y: 27.74%
• 3Y*: 15.43%
• 5Y*: 10.35%
• 10Y*: 12.01%

BLUEX

• 1D: 0.63%
• 1M: 1.53%
• 6M: -4.59%
• YTD: -4.09%
• 1Y: -4.34%
• 3Y*: 3.15%
• 5Y*: 0.64%
• 10Y*: 9.42%

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

YACKX vs. BLUEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
YACKX AMG Yacktman Fund	15.26%	19.64%	4.83%	15.46%	-7.50%	19.66%	15.25%	17.71%	2.79%	18.25%
BLUEX AMG Veritas Global Real Return Fund	-4.09%	4.45%	7.24%	14.35%	-14.30%	3.22%	34.74%	35.34%	-4.91%	27.86%

Correlation

The correlation between YACKX and BLUEX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jul 2, 1992	0.65

Over the past year, the correlation between YACKX and BLUEX has dropped to 0.43 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

Return for Risk

YACKX vs. BLUEX — Risk / Return Rank

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

YACKX

YACKX Risk / Return Rank: 88
YACKX Sharpe Ratio Rank: 90
YACKX Sortino Ratio Rank: 84
YACKX Omega Ratio Rank: 86
YACKX Calmar Ratio Rank: 94
YACKX Martin Ratio Rank: 85

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.

YACKX vs. BLUEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AMG Yacktman Fund (YACKX) 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.

	YACKX	BLUEX	Difference
Sharpe ratio: Return per unit of total volatility	2.47	-0.40	+2.87
Sortino ratio: Return per unit of downside risk	3.26	-0.50	+3.76
Omega ratio: Gain probability vs. loss probability	1.47	0.94	+0.53
Calmar ratio: Return relative to maximum drawdown	4.19	-0.35	+4.54
Martin ratio: Return relative to average drawdown	12.11	-0.78	+12.89

YACKX vs. BLUEX - Sharpe Ratio Comparison

The current YACKX Sharpe Ratio is 2.47, which is higher than the BLUEX Sharpe Ratio of -0.40. The chart below compares the historical Sharpe Ratios of YACKX 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

YACKX vs. BLUEX - Drawdown Comparison

The maximum YACKX drawdown since its inception was -46.65%, smaller than the maximum BLUEX drawdown of -54.27%. Use the drawdown chart below to compare losses from any high point for YACKX and BLUEX.

Drawdown Indicators

	YACKX	BLUEX	Difference
Max Drawdown Largest peak-to-trough decline	-46.65%	-54.27%	+7.62%
Max Drawdown (1Y) Largest decline over 1 year	-6.86%	-12.19%	+5.33%
Max Drawdown (3Y) Largest decline over 3 years	-13.66%	-12.19%	-1.47%
Max Drawdown (5Y) Largest decline over 5 years	-19.86%	-21.87%	+2.01%
Max Drawdown (10Y) Largest decline over 10 years	-30.93%	-29.06%	-1.87%
Current Drawdown Current decline from peak	-4.36%	-6.08%	+1.72%
Average Drawdown Average peak-to-trough decline	-5.10%	-13.34%	+8.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	5.49%	-3.13%

Volatility

YACKX vs. BLUEX - Volatility Comparison

The current volatility for AMG Yacktman Fund (YACKX) is 3.40%, while AMG Veritas Global Real Return Fund (BLUEX) has a volatility of 3.85%. This indicates that YACKX experiences smaller price fluctuations and is considered to be less risky than BLUEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YACKX	BLUEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	3.85%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	9.86%	8.75%	+1.11%
Volatility (1Y) Calculated over the trailing 1-year period	11.68%	10.79%	+0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.95%	10.80%	+2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.78%	16.55%	-2.77%

YACKX vs. BLUEX - Expense Ratio Comparison

YACKX has a 0.71% expense ratio, which is lower than BLUEX's 1.15% expense ratio.

Dividends

YACKX vs. BLUEX - Dividend Comparison

YACKX's dividend yield for the trailing twelve months is around 15.40%, more than BLUEX's 0.32% yield.

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%
YACKX AMG Yacktman Fund	15.40%	17.75%	9.70%	4.39%	7.35%	3.72%	10.82%	9.31%	23.06%	10.67%	8.57%	13.66%

Frequently Asked Questions

Can I hold both YACKX and BLUEX in my portfolio?

YACKX and BLUEX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YACKX or BLUEX?

BLUEX has higher volatility (3.85%) compared to YACKX (3.40%). In terms of maximum drawdown, YACKX dropped -46.65% vs BLUEX's -54.27%.

Which has better risk-adjusted returns?

YACKX currently has the higher Sharpe Ratio (2.47 vs -0.40), 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.