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Virtus Short Duration High Income Fund (ASHIX)

Mutual Fund · Currency in USD · Last updated Mar 22, 2023

The fund seeks to achieve its investment objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in debt securities ("junk bonds") issued by public and private companies, which are rated below investment grade, while maintaining an average duration of less than three years, and in derivatives and other synthetic instruments that have economic characteristics similar to such debt securities.

Share Price Chart


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Performance

The chart shows the growth of $10,000 invested in Virtus Short Duration High Income Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $15,961 for a total return of roughly 59.61%. All prices are adjusted for splits and dividends.


50.00%100.00%150.00%200.00%250.00%NovemberDecember2023FebruaryMarch
59.61%
253.94%
ASHIX (Virtus Short Duration High Income Fund)
Benchmark (^GSPC)

S&P 500

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Return

Virtus Short Duration High Income Fund had a return of 1.55% year-to-date (YTD) and -1.61% in the last 12 months. Over the past 10 years, Virtus Short Duration High Income Fund had an annualized return of 3.41%, while the S&P 500 had an annualized return of 9.92%, indicating that Virtus Short Duration High Income Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month-0.58%-1.87%
Year-To-Date1.55%4.25%
6 months2.72%2.64%
1 year-1.61%-10.31%
5 years (annualized)2.91%8.11%
10 years (annualized)3.41%9.92%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20232.90%-0.50%
2022-2.13%2.55%1.17%-0.54%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Virtus Short Duration High Income Fund Sharpe ratio is -0.30. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-1.40-1.20-1.00-0.80-0.60-0.40-0.200.00NovemberDecember2023FebruaryMarch
-0.30
-0.44
ASHIX (Virtus Short Duration High Income Fund)
Benchmark (^GSPC)

Dividend History

Virtus Short Duration High Income Fund granted a 7.70% dividend yield in the last twelve months. The annual payout for that period amounted to $0.99 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.99$0.80$0.80$0.86$0.70$0.80$0.75$0.81$0.93$0.82$0.78$0.74

Dividend yield

7.70%6.31%5.95%6.77%5.87%7.17%6.73%7.56%9.60%8.43%8.17%8.09%

Monthly Dividends

The table displays the monthly dividend distributions for Virtus Short Duration High Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.06$0.06
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
2021$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.11
2020$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.22
2019$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.07
2018$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.16
2017$0.06$0.06$0.07$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.08
2016$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.12
2015$0.06$0.07$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.23
2014$0.06$0.06$0.06$0.06$0.06$0.06$0.07$0.06$0.06$0.06$0.06$0.12
2013$0.03$0.08$0.05$0.07$0.05$0.08$0.06$0.07$0.06$0.06$0.08$0.08
2012$0.03$0.06$0.06$0.07$0.07$0.08$0.06$0.04$0.05$0.05$0.05$0.11

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2023FebruaryMarch
-4.14%
-16.55%
ASHIX (Virtus Short Duration High Income Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the Virtus Short Duration High Income Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Virtus Short Duration High Income Fund is 19.54%, recorded on Mar 23, 2020. It took 161 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-19.54%Feb 20, 202023Mar 23, 2020161Nov 9, 2020184
-9.33%Jan 18, 2022116Jul 5, 2022
-6.7%Jul 17, 2015145Feb 11, 201647Apr 20, 2016192
-3.08%Oct 2, 201858Dec 24, 201840Feb 22, 201998
-2.8%May 10, 201331Jun 24, 201361Sep 19, 201392
-2.47%Nov 4, 201430Dec 16, 201433Feb 4, 201563
-1.51%Jul 7, 201472Oct 15, 201412Oct 31, 201484
-1.4%Jul 8, 202131Aug 19, 202125Sep 24, 202156
-1.35%Nov 10, 202114Nov 30, 202117Dec 23, 202131
-1.18%Oct 24, 201616Nov 14, 201617Dec 8, 201633

Volatility Chart

Current Virtus Short Duration High Income Fund volatility is 5.48%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


0.00%10.00%20.00%30.00%40.00%NovemberDecember2023FebruaryMarch
5.48%
22.09%
ASHIX (Virtus Short Duration High Income Fund)
Benchmark (^GSPC)