- ISIN
- US92838V7670
- CUSIP
- 01900C771
- Issuer
- Allianz
- Inception Date
- Sep 29, 1998
- Category
- Global Allocation
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PALAX Performance Chart
Virtus Global Allocation Fund (PALAX) is up 8.5% since the beginning of the year. PALAX is currently trading at $12 per share. Investors who bought $1,000 worth of PALAX shares 5 years ago would now be looking at an investment worth $1,311.
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Returns By Period
Virtus Global Allocation Fund (PALAX) has returned 8.46% so far this year and 18.11% over the past 12 months. Over the last ten years, PALAX has returned 7.34% per year, falling short of the S&P 500 Index benchmark, which averaged 13.29% annually.
Virtus Global Allocation Fund
- 1D
- 0.08%
- 1M
- 0.39%
- 6M
- 5.27%
- YTD
- 8.46%
- 1Y
- 18.11%
- 3Y*
- 11.34%
- 5Y*
- 5.57%
- 10Y*
- 7.34%
- ALL TIME*
- 5.96%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
PALAX Monthly Returns History
Based on dividend-adjusted daily data since Oct 1, 1998, PALAX's average daily return is +0.03%, while the average monthly return is +0.53%. At this rate, an investment would double in approximately 10.9 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +8.4%, while the worst month was Oct 2008 at -11.2%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PALAX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +8.3%, while the worst single day was Dec 27, 2021 at -6.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.86% | 2.11% | -4.69% | 5.74% | 3.01% | -0.26% | -0.27% | 8.46% | |||||
| 2025 | 2.13% | 0.28% | -2.64% | 1.26% | 3.54% | 3.33% | 0.54% | 1.87% | 2.53% | 1.86% | 0.86% | 1.03% | 17.73% |
| 2024 | -1.00% | 1.31% | 2.69% | -4.17% | 3.54% | 0.78% | 2.23% | 2.27% | 1.85% | -2.82% | 3.18% | -3.27% | 6.39% |
| 2023 | 6.09% | -3.07% | 2.85% | 1.23% | -2.34% | 3.22% | 2.72% | -3.24% | -4.76% | -2.98% | 7.57% | 4.83% | 11.78% |
| 2022 | -4.23% | -2.79% | 0.18% | -5.39% | 0.39% | -5.21% | 5.07% | -4.04% | -7.04% | 2.55% | 7.34% | -2.69% | -15.69% |
| 2021 | -1.75% | 0.80% | 1.94% | 2.61% | 1.44% | 1.12% | 1.82% | 1.55% | -3.63% | 3.59% | -1.53% | 2.60% | 10.82% |
Benchmark Metrics
Virtus Global Allocation Fund has an annualized alpha of 1.50%, beta of 0.55, and R2 of 0.83 versus S&P 500 Index. Calculated based on daily prices since October 01, 1998.
- This fund participated in 67.14% of S&P 500 Index downside but only 63.08% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.55 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.50%
- Beta
- 0.55
- R²
- 0.83
- Upside Capture
- 63.08%
- Downside Capture
- 67.14%
Expense Ratio
PALAX has an expense ratio of 0.52%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PALAX ranks 77 for risk / return — above 77% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Virtus Global Allocation Fund (PALAX) 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.
| PALAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.31 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 2.41 | +0.13 |
| Martin ratioReturn relative to average drawdown | 10.36 | 10.22 | +0.14 |
Dividends
Dividend History
Virtus Global Allocation Fund provided a 9.27% dividend yield over the last twelve months, with an annual payout of $1.11 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.11 | $0.79 | $0.32 | $0.26 | $0.58 | $1.06 | $0.70 | $1.08 | $0.62 | $1.24 | $0.18 | $0.57 |
Dividend yield | 9.27% | 6.94% | 3.07% | 2.60% | 6.29% | 9.15% | 6.14% | 10.09% | 6.19% | 10.69% | 1.61% | 5.30% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Global Allocation 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 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.32 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.05 | $0.71 | $0.79 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
| 2022 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.48 | $0.58 |
| 2021 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.95 | $1.06 |
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 Global Allocation 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 Global Allocation Fund was 44.59%, occurring on Mar 9, 2009. Recovery took 491 trading sessions.
The current Virtus Global Allocation Fund drawdown is 1.10%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-44.59%Mar 2009 | 1y 4mo | 1y 11mo | 3y 3moNov 2007 - Feb 2011 | Financial crisis2007–2009 |
-27.75%Oct 2022 | 9mo 21d | 2y 8mo | 3y 6moDec 2021 - Jun 2025 | Bear market2022 |
-24.46%Oct 2002 | 2y 1mo | 1y 1mo | 3y 2moSep 2000 - Nov 2003 | Dot-com crash2000–2002 |
-24.31%Mar 2020 | 1mo 2d | 4mo 22d | 5mo 24dFeb 2020 - Aug 2020 | COVID crash2020 |
-17.29%Oct 2011 | 5mo 4d | 11mo 17d | 1y 4moMay 2011 - Sep 2012 | — |
Drawdown Indicators
| PALAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.59% | -56.78% | +12.19% |
Max Drawdown (1Y)Largest decline over 1 year | -6.93% | -9.10% | +2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -11.92% | -18.90% | +6.98% |
Max Drawdown (5Y)Largest decline over 5 years | -27.75% | -25.43% | -2.32% |
Max Drawdown (10Y)Largest decline over 10 years | -27.75% | -33.92% | +6.17% |
Current DrawdownCurrent decline from peak | -1.10% | -0.12% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -10.70% | +4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 2.14% | -0.44% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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