- Issuer
- Virtus
- Inception Date
- Feb 1, 2017
- Category
- Short-Term Bond
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
ASHAX Performance Chart
Virtus Newfleet Short Duration High Income Fund Class A (ASHAX) is up 1.9% since the beginning of the year. ASHAX is currently trading at $14 per share. Investors who bought $1,000 worth of ASHAX shares 5 years ago would now be looking at an investment worth $1,253.
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Returns By Period
Virtus Newfleet Short Duration High Income Fund Class A (ASHAX) has returned 1.85% so far this year and 4.69% over the past 12 months. Over the last ten years, ASHAX has returned 4.53% per year, falling short of the S&P 500 Index benchmark, which averaged 13.36% annually.
Virtus Newfleet Short Duration High Income Fund Class A
- 1D
- 0.00%
- 1M
- 0.12%
- 6M
- 1.70%
- YTD
- 1.85%
- 1Y
- 4.69%
- 3Y*
- 6.95%
- 5Y*
- 4.62%
- 10Y*
- 4.53%
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
ASHAX Monthly Returns History
Based on dividend-adjusted daily data since Oct 3, 2011, ASHAX's average daily return is +0.02%, while the average monthly return is +0.40%. At this rate, an investment would double in approximately 14.5 years.
Historically, 72% of months were positive and 28% were negative. The best month was Nov 2020 with a return of +5.8%, while the worst month was Mar 2020 at -11.5%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, ASHAX closed higher 46% of trading days. The best single day was Apr 9, 2020 with a return of +3.2%, while the worst single day was Mar 19, 2020 at -3.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.54% | 0.17% | -0.75% | 1.39% | 0.30% | 0.27% | -0.07% | 1.85% | |||||
| 2025 | 1.06% | 0.33% | -0.79% | -0.43% | 1.94% | 1.33% | 0.39% | 0.83% | 0.46% | 0.27% | 0.33% | 0.39% | 6.26% |
| 2024 | 0.24% | 0.10% | 0.92% | -0.47% | 0.85% | 0.77% | 1.66% | 1.28% | 0.90% | -0.16% | 1.01% | 0.01% | 7.32% |
| 2023 | 2.93% | -0.59% | 0.39% | 1.00% | 0.17% | 1.68% | 1.13% | 0.68% | -0.21% | -0.66% | 2.90% | 2.33% | 12.30% |
| 2022 | -0.97% | -0.42% | -0.06% | -1.63% | -1.14% | -4.76% | 3.40% | -0.76% | -2.13% | 2.58% | 1.15% | -0.63% | -5.49% |
| 2021 | 0.48% | 0.55% | 1.30% | 0.88% | 0.07% | 0.34% | -0.54% | 0.48% | 0.00% | 0.69% | -0.89% | 1.68% | 5.12% |
Benchmark Metrics
Virtus Newfleet Short Duration High Income Fund Class A has an annualized alpha of 3.26%, beta of 0.11, and R2 of 0.24 versus S&P 500 Index. Calculated based on daily prices since October 03, 2011.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (23.43%) than losses (21.57%) - typical of diversified or defensive assets.
- Beta of 0.11 may look defensive, but with R2 of 0.24 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.24 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.26%
- Beta
- 0.11
- R²
- 0.24
- Upside Capture
- 23.43%
- Downside Capture
- 21.57%
Expense Ratio
ASHAX has an expense ratio of 0.86%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ASHAX ranks 81 for risk / return — in the top 81% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Virtus Newfleet Short Duration High Income Fund Class A (ASHAX) and compare them to S&P 500 Index.
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.
| ASHAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.31 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.35 | +0.30 |
| Martin ratioReturn relative to average drawdown | 12.93 | 10.19 | +2.74 |
Dividends
Dividend History
Virtus Newfleet Short Duration High Income Fund Class A provided a 6.24% dividend yield over the last twelve months, with an annual payout of $0.85 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.85 | $0.87 | $0.92 | $0.84 | $0.77 | $0.76 | $0.82 | $0.67 | $0.71 | $0.70 | $0.77 | $0.85 |
Dividend yield | 6.24% | 6.36% | 6.68% | 6.12% | 5.90% | 5.23% | 5.61% | 4.56% | 4.99% | 4.68% | 5.08% | 5.84% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Newfleet Short Duration High Income Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.00 | $0.41 | |||||
| 2025 | $0.08 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.07 | $0.07 | $0.87 |
| 2024 | $0.07 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.09 | $0.09 | $0.07 | $0.92 |
| 2023 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.11 | $0.84 |
| 2022 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.11 | $0.77 |
| 2021 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.10 | $0.76 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Virtus Newfleet Short Duration High Income Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Virtus Newfleet Short Duration High Income Fund Class A was 19.60%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.
The current Virtus Newfleet Short Duration High Income Fund Class A drawdown is 0.15%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-19.60%Mar 2020 | 28d | 7mo 21d | 8mo 19dFeb 2020 - Nov 2020 | COVID crash2020 |
-9.44%Jul 2022 | 5mo 18d | 1y 7d | 1y 5moJan 2022 - Jul 2023 | Bear market2022 |
-6.83%Feb 2016 | 6mo 29d | 2mo 10d | 9mo 9dJul 2015 - Apr 2016 | — |
-3.19%Apr 2025 | 1mo 8d | 1mo 6d | 2mo 14dFeb 2025 - May 2025 | 2025 selloff2025 |
-3.18%Dec 2018 | 2mo 25d | 2mo 1d | 4mo 26dOct 2018 - Feb 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| ASHAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.60% | -56.78% | +37.18% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | -9.10% | +7.35% |
Max Drawdown (3Y)Largest decline over 3 years | -3.19% | -18.90% | +15.71% |
Max Drawdown (5Y)Largest decline over 5 years | -9.44% | -25.43% | +15.99% |
Max Drawdown (10Y)Largest decline over 10 years | -19.60% | -33.92% | +14.32% |
Current DrawdownCurrent decline from peak | -0.15% | -0.49% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -1.01% | -10.70% | +9.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 2.09% | -1.73% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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