PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Virtus Water Fund (AWTAX) Sharpe Ratio: -0.06

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks long-term capital appreciation. The fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets (plus borrowings made for investment purposes) in common stocks and other equity securities of companies that are represented in one or more of the S&P Global Water Index, the NASDAQ OMX US Water or Global Water Indices or the S-Network Global Water Index (Composite), or that are substantially engaged in water-related activities.

AWTAX's Sharpe Ratio of -0.06 indicates that for each unit of volatility, it generates -0.06 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 4, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

AWTAX Sharpe Ratio Rank

AWTAX Sharpe Ratio Rank: 2.42
Concerning

AWTAX ranks above 2.4% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

AWTAX Sharpe Ratio Market Positioning

The chart shows AWTAX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.43 or lower
  • Yellow zone (middle 50%): 1.43 to 2.52
  • Green zone (top 25%): 2.52 or higher
  • Top 1%: 4.68+
  • Median: 2.08 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Virtus Water Fund's Sharpe Ratio with other mutual funds in the Energy Equities category across multiple time periods, showing how AWTAX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 4, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
RSNYXVictory Global Energy Transition Fund Class Y4.81
RSNRXVictory Global Energy Transition Fund4.78
MLOZXCohen & Steers MLP & Energy Opportunity Fund, Inc.4.27
GOFIXGMO Resources Fund4.03
OEPIXOil Equipment & Services UltraSector ProFund3.89
IEYYXDelaware Ivy Energy Fund3.79
FRNRXFranklin Natural Resources Fund3.61
IGNAXDelaware Ivy Natural Resources Fund3.34
RYVIXRydex Energy Services Fund3.33
PSPFXU.S. Global Investors Global Resources Fund3.19
AWTAXVirtus Water Fund-0.06

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows AWTAX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when AWTAX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does AWTAX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio