Virtus Newfleet Tax-Exempt Bond Fund (HXBIX)

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The chart shows the growth of an initial investment of $10,000 in Virtus Newfleet Tax-Exempt Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Virtus Newfleet Tax-Exempt Bond Fund (HXBIX) has returned -0.71% so far this year and 3.75% over the past 12 months. Over the last ten years, HXBIX has returned 1.56% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Feb 26, 1996, HXBIX's average daily return is +0.02%, while the average monthly return is +0.34%. At this rate, your investment would double in approximately 17.0 years.

Historically, 64% of months were positive and 36% were negative. The best month was Sep 2009 with a return of +5.9%, while the worst month was Sep 2008 at -6.7%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.

On a daily basis, HXBIX closed higher 36% of trading days. The best single day was Mar 25, 2020 with a return of +3.0%, while the worst single day was Oct 10, 2008 at -2.6%.

Virtus Newfleet Tax-Exempt Bond Fund has an annualized alpha of 4.10%, beta of -0.00, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 27, 1996.

• This fund captured 11.88% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -2.95%) — a profile typical of hedging or uncorrelated assets.
• Beta of -0.00 may look defensive, but with R² of 0.00 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 0.00 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.

HXBIX has an expense ratio of 0.60%, placing it in the medium range.

HXBIX ranks 62 for risk / return — better than 62% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Virtus Newfleet Tax-Exempt Bond Fund (HXBIX) and compare them to a chosen benchmark (S&P 500 Index).

Virtus Newfleet Tax-Exempt Bond Fund provided a 2.79% dividend yield over the last twelve months, with an annual payout of $0.28 per share.

The table displays the monthly dividend distributions for Virtus Newfleet Tax-Exempt Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Virtus Newfleet Tax-Exempt Bond Fund. 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 Tax-Exempt Bond Fund was 13.93%, occurring on Oct 17, 2008. Recovery took 128 trading sessions.

The current Virtus Newfleet Tax-Exempt Bond Fund drawdown is 2.49%.

The chart below shows the rolling one-month volatility.