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Virtus Newfleet Tax-Exempt Bond Fund (HXBIX) Sortino Ratio

Mutual Fund · Currency in USD · Last updated Aug 1, 2026

The fund seeks to generate current income exempt from federal income taxes by investing in a diversified portfolio with municipal bonds of varying maturities. The management team focuses on higher quality tax-exempt municipal bonds, gauging the value of a security by issue type, credit quality, and bond structure. Under normal circumstances, as a matter of fundamental policy, it invests at least 80% of its assets in municipal bonds, the income from which is exempt from federal income taxes.

Sortino ratio is not yet available for HXBIX. This metric requires at least 12 months of historical daily returns to calculate. Check back once this data is available.

How it compares to other similar mutual funds

The table compares Virtus Newfleet Tax-Exempt Bond Fund's Sortino Ratio with other mutual funds in the Municipal Bonds category across multiple time periods, showing how HXBIX'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 Aug 1, 2026.

SymbolName1Y Sortino Ratio5Y Sortino Ratio10Y Sortino RatioAll Time Sortino Ratio
ATOIXabrdn Ultra Short Municipal Income Fund18.53
FHMIXFederated Hermes Conservative Municipal Microshort Fund13.98
DFSMXDFA Short Term Municipal Bond Portfolio11.32
TFCYXSEI Institutional Managed Trust Tax-Free Conservative Income Fund10.35
DFABXDFA Short-Term Selective State Municipal Bond Portfolio9.84
DNYMXDFA NY Municipal Bond Portfolio7.66
FMNDXFidelity Conservative Income Municipal Bond Fund Institutional Class7.61
DFCMXDFA California Short Term Municipal Bond Portfolio7.60
FUEMXFidelity Flex Conservative Income Municipal Bond Fund7.37
VWSUXVanguard Ultra-Short-Term Tax-Exempt Fund Admiral Shares6.20
HXBIXVirtus Newfleet Tax-Exempt Bond Fund—
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Historical Sortino Ratio

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

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

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