- ISIN
- US92837F6152
- CUSIP
- 92837F615
- Issuer
- Virtus
- Inception Date
- Jun 8, 1992
- Category
- Municipal Bonds, Investment Grade Bonds
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
SISIX Performance Chart
Virtus Seix Investment Grade Tax-Exempt Bond Fund (SISIX) is down 0.2% since the beginning of the year. SISIX is currently trading at $11 per share. Investors who bought $1,000 worth of SISIX shares 5 years ago would now be looking at an investment worth $1,013.
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Returns By Period
Virtus Seix Investment Grade Tax-Exempt Bond Fund (SISIX) has returned -0.16% so far this year and 3.25% over the past 12 months. Over the last ten years, SISIX has returned 1.42% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Virtus Seix Investment Grade Tax-Exempt Bond Fund
- 1D
- -0.18%
- 1M
- -1.80%
- 6M
- -1.08%
- YTD
- -0.16%
- 1Y
- 3.25%
- 3Y*
- 2.32%
- 5Y*
- 0.25%
- 10Y*
- 1.42%
- ALL TIME*
- 4.10%
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%
SISIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 1993, SISIX's average daily return is +0.02%, while the average monthly return is +0.34%. At this rate, an investment would double in approximately 17.0 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2023 with a return of +4.2%, while the worst month was Sep 2008 at -4.0%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SISIX closed higher 38% of trading days. The best single day was Apr 2, 1993 with a return of +14.1%, while the worst single day was Apr 1, 1993 at -12.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.93% | 0.99% | -2.03% | 0.94% | 0.29% | 0.58% | -1.80% | -0.16% | |||||
| 2025 | 0.49% | 0.74% | -1.44% | -0.15% | -0.04% | 0.58% | -0.14% | 0.69% | 1.50% | 1.05% | 0.19% | 0.22% | 3.71% |
| 2024 | 0.01% | 0.10% | -0.36% | -0.79% | -0.23% | 0.92% | 0.75% | 0.67% | 0.72% | -1.41% | 1.30% | -0.88% | 0.76% |
| 2023 | 2.38% | -1.83% | 1.78% | -0.29% | -0.91% | 0.86% | 0.17% | -1.10% | -1.85% | -0.66% | 4.23% | 2.14% | 4.85% |
| 2022 | -2.50% | -0.45% | -2.64% | -2.34% | 1.58% | -1.23% | 2.52% | -2.02% | -3.15% | -0.01% | 3.49% | 0.17% | -6.63% |
| 2021 | 0.33% | -1.75% | 0.30% | 0.81% | 0.13% | 0.04% | 0.81% | -0.28% | -0.79% | -0.28% | 0.48% | -0.01% | -0.23% |
Benchmark Metrics
Virtus Seix Investment Grade Tax-Exempt Bond Fund has an annualized alpha of 4.23%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 04, 1993.
- This fund captured 12.54% 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.
- Alpha
- 4.23%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- 12.54%
- Downside Capture
- -2.95%
Expense Ratio
SISIX has an expense ratio of 0.69%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SISIX ranks 58 for risk / return — above 58% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Virtus Seix Investment Grade Tax-Exempt Bond Fund (SISIX) 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.
| SISIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.25 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 2.00 | -0.50 |
| Martin ratioReturn relative to average drawdown | 4.55 | 8.49 | -3.94 |
Dividends
Dividend History
Virtus Seix Investment Grade Tax-Exempt Bond Fund provided a 2.30% dividend yield over the last twelve months, with an annual payout of $0.25 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.25 | $0.28 | $0.22 | $0.23 | $0.16 | $0.23 | $0.38 | $0.46 | $0.32 | $0.29 | $0.52 | $0.42 |
Dividend yield | 2.30% | 2.51% | 2.04% | 2.03% | 1.50% | 1.98% | 3.18% | 3.94% | 2.83% | 2.47% | 4.50% | 3.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Seix Investment Grade 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 | $0.02 | $0.02 | $0.02 | $0.00 | $0.13 | |||||
| 2025 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.28 |
| 2024 | $0.02 | $0.02 | $0.00 | $0.02 | $0.02 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.00 | $0.03 | $0.01 | $0.02 | $0.16 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.06 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 | $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 Seix Investment Grade 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 Seix Investment Grade Tax-Exempt Bond Fund was 14.04%, occurring on Apr 1, 1993. Recovery took 42 trading sessions.
The current Virtus Seix Investment Grade Tax-Exempt Bond Fund drawdown is 2.04%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-14.04%Apr 1993 | 27d | 2mo 2d | 2mo 29dMar 1993 - Jun 1993 | — |
-11.08%Oct 2022 | 1y 2mo | 2y 10mo | 4y 1moAug 2021 - Sep 2025 | Bear market2022 |
-10.98%Mar 2020 | 10d | 2mo 23d | 3mo 3dMar 2020 - Jun 2020 | COVID crash2020 |
-8.78%Oct 2008 | 1mo 4d | 2mo 24d | 3mo 28dSep 2008 - Jan 2009 | Financial crisis2007–2009 |
-5.57%Jun 2013 | 1mo 22d | 9mo 27d | 11mo 19dMay 2013 - Apr 2014 | — |
Drawdown Indicators
| SISIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.04% | -56.78% | +42.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -9.10% | +6.52% |
Max Drawdown (3Y)Largest decline over 3 years | -3.58% | -18.90% | +15.32% |
Max Drawdown (5Y)Largest decline over 5 years | -11.08% | -25.43% | +14.35% |
Max Drawdown (10Y)Largest decline over 10 years | -11.08% | -33.92% | +22.84% |
Current DrawdownCurrent decline from peak | -2.04% | -1.58% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -10.70% | +9.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 2.14% | -1.29% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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