- ISIN
- US92837F4587
- CUSIP
- 92837F458
- Issuer
- Virtus
- Inception Date
- Nov 30, 2001
- Category
- Mid Cap Value Equities
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
SMVTX Performance Chart
Virtus Ceredex Mid-Cap Value Equity Fund (SMVTX) is up 23.7% since the beginning of the year. SMVTX is currently trading at $15 per share. Investors who bought $1,000 worth of SMVTX shares 5 years ago would now be looking at an investment worth $1,838.
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Returns By Period
Virtus Ceredex Mid-Cap Value Equity Fund (SMVTX) has returned 23.69% so far this year and 45.64% over the past 12 months. Over the last ten years, SMVTX has returned 12.49% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Virtus Ceredex Mid-Cap Value Equity Fund
- 1D
- 1.40%
- 1M
- 3.25%
- YTD
- 23.69%
- 6M
- 21.78%
- 1Y
- 45.64%
- 3Y*
- 23.32%
- 5Y*
- 12.95%
- 10Y*
- 12.49%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SMVTX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2002, SMVTX's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 65% of months were positive and 35% were negative. The best month was Oct 2011 with a return of +15.6%, while the worst month was Mar 2020 at -24.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SMVTX closed higher 52% of trading days. The best single day was Dec 18, 2024 with a return of +16.9%, while the worst single day was Mar 16, 2020 at -13.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.21% | 6.18% | -4.08% | 9.18% | 0.56% | 3.18% | 23.69% | ||||||
| 2025 | 4.42% | -2.95% | -6.25% | -1.84% | 5.27% | 4.70% | 4.52% | 2.40% | 2.11% | 2.60% | 2.46% | -0.44% | 17.58% |
| 2024 | -1.19% | 5.15% | 5.14% | -4.34% | 3.24% | -2.47% | 3.71% | 1.71% | 0.31% | -2.28% | 7.25% | 1.94% | 18.93% |
| 2023 | 5.39% | -4.14% | -1.56% | 0.93% | -4.44% | 8.04% | 2.96% | -2.79% | -4.30% | -3.75% | 9.34% | 6.21% | 10.94% |
| 2022 | -5.44% | -3.15% | 2.44% | -6.76% | 0.77% | -8.51% | 8.18% | -2.82% | -9.47% | 7.66% | 7.60% | -3.14% | -13.89% |
| 2021 | -1.05% | 5.15% | 7.15% | 4.28% | 2.50% | 0.34% | 0.07% | 1.22% | -3.20% | 5.59% | -2.35% | 6.86% | 29.15% |
Benchmark Metrics
Virtus Ceredex Mid-Cap Value Equity Fund has an annualized alpha of 2.49%, beta of 1.01, and R2 of 0.84 versus S&P 500 Index. Calculated based on daily prices since January 02, 2002.
- This fund captured 114.43% of S&P 500 Index gains and 103.10% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 2.49% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.01 and R2 of 0.84, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.49%
- Beta
- 1.01
- R²
- 0.84
- Upside Capture
- 114.43%
- Downside Capture
- 103.10%
Expense Ratio
SMVTX has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SMVTX ranks 91 for risk / return — in the top 91% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Virtus Ceredex Mid-Cap Value Equity Fund (SMVTX) 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.
| SMVTX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.37 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 6.45 | 2.78 | +3.67 |
| Martin ratioReturn relative to average drawdown | 23.38 | 12.44 | +10.94 |
Dividends
Dividend History
Virtus Ceredex Mid-Cap Value Equity Fund provided a 14.11% dividend yield over the last twelve months, with an annual payout of $2.05 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 | $2.05 | $1.98 | $1.92 | $0.14 | $0.73 | $2.48 | $0.31 | $0.75 | $1.48 | $2.64 | $0.50 | $0.85 |
Dividend yield | 14.11% | 16.44% | 15.96% | 1.16% | 6.75% | 18.53% | 2.52% | 5.82% | 14.47% | 20.86% | 3.61% | 7.05% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Ceredex Mid-Cap Value Equity 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.62 | $1.98 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.91 | $1.92 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.73 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.48 | $2.48 |
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 Ceredex Mid-Cap Value Equity 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 Ceredex Mid-Cap Value Equity Fund was 54.72%, occurring on Nov 20, 2008. Recovery took 342 trading sessions.
The current Virtus Ceredex Mid-Cap Value Equity Fund drawdown is 0.27%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -54.72%Nov 2008 | 1y 5mo | 1y 4mo | 2y 10moJun 2007 - Apr 2010 |
COVID crash2020 | -45.45%Mar 2020 | 1mo 8d | 9mo 19d | 10mo 27dFeb 2020 - Jan 2021 |
Dot-com crash2000–2002 | -39.01%Oct 2002 | 5mo 24d | 1y 4mo | 1y 9moApr 2002 - Feb 2004 |
2011 bear market2011 | -30.93%Oct 2011 | 5mo 4d | 1y 2mo | 1y 7moMay 2011 - Dec 2012 |
Bear market2022 | -25.44%Oct 2022 | 9mo 12d | 1y 4mo | 2y 2moJan 2022 - Mar 2024 |
Drawdown Indicators
| SMVTX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.72% | -56.78% | +2.06% |
Max Drawdown (1Y)Largest decline over 1 year | -7.17% | -9.10% | +1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -24.75% | -18.90% | -5.85% |
Max Drawdown (5Y)Largest decline over 5 years | -25.44% | -25.43% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -45.45% | -33.92% | -11.53% |
Current DrawdownCurrent decline from peak | -0.27% | -1.80% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -8.22% | -10.71% | +2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.03% | -0.06% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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