- Issuer
- Virtus
- Inception Date
- Jan 29, 2019
- Category
- Tactical Allocation
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
VTAIX Performance Chart
Virtus Tactical Allocation Fund Class I (VTAIX) is up 2.0% since the beginning of the year. VTAIX is currently trading at $10 per share. Investors who bought $1,000 worth of VTAIX shares 5 years ago would now be looking at an investment worth $1,144.
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Returns By Period
Virtus Tactical Allocation Fund Class I (VTAIX) has returned 1.95% so far this year and 4.18% over the past 12 months.
Virtus Tactical Allocation Fund Class I
- 1D
- 0.91%
- 1M
- 2.70%
- YTD
- 1.95%
- 6M
- 1.74%
- 1Y
- 4.18%
- 3Y*
- 10.38%
- 5Y*
- 2.73%
- 10Y*
- —
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%
VTAIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 29, 2019, VTAIX's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2020 with a return of +10.5%, while the worst month was Mar 2020 at -11.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 8 months.
On a daily basis, VTAIX closed higher 53% of trading days. The best single day was Nov 10, 2022 with a return of +5.2%, while the worst single day was Mar 16, 2020 at -7.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.41% | -1.03% | -5.65% | 4.87% | 2.85% | 0.80% | 1.95% | ||||||
| 2025 | 2.85% | -0.46% | -2.85% | 1.92% | 3.57% | 2.85% | -0.36% | -0.00% | 0.34% | 0.27% | -0.53% | -0.53% | 7.10% |
| 2024 | 1.53% | 5.00% | 1.05% | -4.37% | 3.36% | 1.67% | 1.25% | 3.35% | 1.91% | -1.60% | 4.44% | -3.64% | 14.31% |
| 2023 | 7.93% | -2.56% | 2.28% | 0.75% | 0.32% | 5.02% | 3.24% | -1.47% | -5.10% | -3.26% | 9.25% | 5.25% | 22.60% |
| 2022 | -8.67% | -2.85% | -0.71% | -10.45% | -3.50% | -6.98% | 7.59% | -2.62% | -8.16% | 3.05% | 4.82% | -2.54% | -28.27% |
| 2021 | -2.51% | 1.56% | -0.84% | 4.42% | -1.78% | 3.93% | 1.02% | 3.53% | -3.75% | 3.47% | -1.82% | -0.13% | 6.87% |
Benchmark Metrics
Virtus Tactical Allocation Fund Class I has an annualized alpha of -0.93%, beta of 0.65, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since January 29, 2019.
- This fund participated in 84.85% of S&P 500 Index downside but only 66.89% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.65 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
- -0.93%
- Beta
- 0.65
- R²
- 0.79
- Upside Capture
- 66.89%
- Downside Capture
- 84.85%
Expense Ratio
VTAIX has an expense ratio of 0.76%, placing it in the medium range.
Return for Risk
Risk / Return Rank
VTAIX ranks 6 for risk / return — in the bottom 6% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Virtus Tactical Allocation Fund Class I (VTAIX) 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.
| VTAIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.37 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 2.78 | -2.39 |
| Martin ratioReturn relative to average drawdown | 1.31 | 12.44 | -11.13 |
Dividends
Dividend History
Virtus Tactical Allocation Fund Class I provided a 16.03% dividend yield over the last twelve months, with an annual payout of $1.57 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.57 | $1.57 | $1.44 | $0.23 | $0.66 | $1.02 | $0.30 | $0.26 |
Dividend yield | 16.03% | 16.18% | 13.67% | 2.16% | 7.58% | 7.79% | 2.26% | 2.49% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Tactical Allocation Fund Class I. 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 | $0.05 | $0.00 | $0.00 | $0.05 | $0.09 | ||||||
| 2025 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $1.41 | $1.57 |
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $1.31 | $1.44 |
| 2023 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.14 | $0.23 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.63 | $0.66 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.97 | $1.02 |
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 Tactical Allocation Fund Class I. 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 Tactical Allocation Fund Class I was 36.37%, occurring on Oct 14, 2022. Recovery took 537 trading sessions.
The current Virtus Tactical Allocation Fund Class I drawdown is 0.42%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -36.37%Oct 2022 | 11mo 8d | 2y 1mo | 3y 25dNov 2021 - Dec 2024 |
COVID crash2020 | -24.46%Mar 2020 | 1mo 2d | 2mo 12d | 3mo 14dFeb 2020 - Jun 2020 |
2025 selloff2025 | -11.71%Apr 2025 | 4mo | 1mo 7d | 5mo 7dDec 2024 - May 2025 |
2026 correction2026 | -10.12%Mar 2026 | 5mo | 2mo 20d | 7mo 20dOct 2025 - Jun 2026 |
2021 pullback2021 | -7.26%Mar 2021 | 20d | 3mo 17d | 4mo 7dFeb 2021 - Jun 2021 |
Drawdown Indicators
| VTAIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.37% | -56.78% | +20.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.12% | -9.10% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -11.71% | -18.90% | +7.19% |
Max Drawdown (5Y)Largest decline over 5 years | -36.37% | -25.43% | -10.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.42% | -1.80% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -9.49% | -10.71% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 2.03% | +1.03% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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