- ISIN
- US92828W2888
- CUSIP
- 92828W288
- Issuer
- Virtus
- Inception Date
- Feb 22, 1996
- Category
- Municipal Bonds
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
HXBIX Performance Chart
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Returns By Period
Virtus Newfleet Tax-Exempt Bond Fund
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
HXBIX Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.82% | 0.99% | -2.06% | 1.05% | 0.25% | 0.07% | 1.09% | ||||||
| 2025 | 0.56% | 0.81% | -1.61% | -0.34% | -0.02% | 0.66% | -0.13% | 0.68% | 1.84% | 1.24% | 0.23% | 0.26% | 4.22% |
| 2024 | -0.14% | 0.13% | -0.19% | -1.03% | -0.33% | 0.99% | 0.65% | 0.76% | 0.81% | -1.30% | 1.33% | -0.92% | 0.71% |
| 2023 | 2.40% | -1.99% | 1.94% | -0.17% | -0.82% | 0.75% | 0.23% | -1.17% | -2.02% | -0.76% | 4.24% | 2.22% | 4.72% |
| 2022 | -2.48% | -0.64% | -2.54% | -2.52% | 1.27% | -1.53% | 2.15% | -1.78% | -3.12% | -0.15% | 3.17% | 0.36% | -7.76% |
| 2021 | 0.35% | -1.48% | 0.55% | 0.73% | 0.36% | 0.27% | 0.63% | -0.26% | -0.78% | -0.08% | 0.54% | -0.09% | 0.72% |
Benchmark Metrics
Virtus Newfleet Tax-Exempt Bond Fund has an annualized alpha of 4.13%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 26, 1996.
- This fund captured 11.77% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.07%) - 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.
- Alpha
- 4.13%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- 11.77%
- Downside Capture
- -3.07%
Expense Ratio
HXBIX has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Virtus Newfleet Tax-Exempt Bond Fund (HXBIX) 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.
| HXBIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.00 | — |
| Martin ratioReturn relative to average drawdown | — | 8.49 | — |
Dividends
Dividend History
Virtus Newfleet Tax-Exempt Bond Fund provided a 3.25% dividend yield over the last twelve months, with an annual payout of $0.33 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.31 | $0.25 | $0.27 | $0.26 | $0.23 | $0.34 | $0.29 | $0.37 | $0.39 | $0.31 | $0.33 |
Dividend yield | 3.25% | 3.01% | 2.47% | 2.61% | 2.58% | 2.05% | 2.93% | 2.60% | 3.41% | 3.51% | 2.78% | 2.87% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.08 | $0.20 | ||||||
| 2025 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.31 |
| 2024 | $0.03 | $0.02 | $0.00 | $0.02 | $0.03 | $0.00 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.25 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.00 | $0.03 | $0.02 | $0.03 | $0.03 | $0.27 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.04 | $0.00 | $0.04 | $0.02 | $0.03 | $0.26 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.23 |
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 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.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-13.93%Oct 2008 | 8mo 27d | 6mo 8d | 1y 3moJan 2008 - Apr 2009 | Financial crisis2007–2009 |
-11.98%Oct 2022 | 1y 2mo | 3y | 4y 2moAug 2021 - Oct 2025 | Bear market2022 |
-10.56%Mar 2020 | 10d | 4mo 19d | 4mo 29dMar 2020 - Aug 2020 | COVID crash2020 |
-7.89%Jan 2011 | 3mo 3d | 6mo 20d | 9mo 23dOct 2010 - Aug 2011 | — |
-7.37%Sep 2013 | 8mo 29d | 8mo 12d | 1y 5moDec 2012 - May 2014 | — |
Drawdown Indicators
| HXBIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | — | -1.58% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.70% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.14% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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