Virtus Global Allocation Fund (PALAX)

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The chart shows the growth of an initial investment of $10,000 in Virtus Global Allocation 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 Global Allocation Fund (PALAX) has returned -1.77% so far this year and 15.99% over the past 12 months. Over the last ten years, PALAX has returned 6.51% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Oct 1, 1998, PALAX's average daily return is +0.02%, while the average monthly return is +0.51%. At this rate, your investment would double in approximately 11.4 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%.

Virtus Global Allocation Fund has an annualized alpha of 1.43%, beta of 0.55, and R² of 0.83 versus S&P 500 Index. Calculated based on daily prices since October 02, 1998.

• This fund participated in 67.31% of S&P 500 Index downside but only 63.03% 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.

PALAX has an expense ratio of 0.52%, placing it in the medium range.

PALAX ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Virtus Global Allocation Fund (PALAX) and compare them to a chosen benchmark (S&P 500 Index).

Virtus Global Allocation Fund provided a 8.37% dividend yield over the last twelve months, with an annual payout of $0.92 per share. The fund has been increasing its distributions for 2 consecutive years.

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.

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 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 6.93%.

The chart below shows the rolling one-month volatility.