ANVIX vs. AZNIX

Last updated Aug 1, 2026

ANVIX (Virtus NFJ Large-Cap Value Fund) and AZNIX (Virtus Income & Growth Fund) are both mutual funds - ANVIX is a Large Cap Value Equities fund managed by Allianz, while AZNIX is a Diversified Portfolio fund managed by Allianz. Over the past 10 years, ANVIX returned 10.26%/yr vs 8.81%/yr for AZNIX. Their correlation of 0.86 means they have usually moved in the same direction. ANVIX charges 0.74%/yr vs 0.92%/yr for AZNIX.

Performance

ANVIX vs. AZNIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus NFJ Large-Cap Value Fund (ANVIX) and Virtus Income & Growth Fund (AZNIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ANVIX achieves a 18.53% return, which is significantly higher than AZNIX's 6.68% return. Over the past 10 years, ANVIX has outperformed AZNIX with an annualized return of 10.26%, while AZNIX has yielded a comparatively lower 8.81% annualized return.

ANVIX

• 1D: 1.83%
• 1M: 3.01%
• 6M: 15.21%
• YTD: 18.53%
• 1Y: 23.80%
• 3Y*: 11.15%
• 5Y*: 7.72%
• 10Y*: 10.26%
• ALL TIME*: 8.10%

AZNIX

• 1D: 1.69%
• 1M: -1.39%
• 6M: 4.96%
• YTD: 6.68%
• 1Y: 13.26%
• 3Y*: 11.46%
• 5Y*: 5.67%
• 10Y*: 8.81%
• ALL TIME*: 7.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ANVIX Virtus NFJ Large-Cap Value Fund	$0.00	$0.00	$0.00
AZNIX Virtus Income & Growth Fund	$0.00	$0.00	$0.00

ANVIX vs. AZNIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANVIX Virtus NFJ Large-Cap Value Fund	18.53%	6.78%	6.28%	17.92%	-14.81%	26.52%	2.29%	25.03%	-9.38%	21.36%
AZNIX Virtus Income & Growth Fund	6.68%	11.97%	11.24%	18.99%	-19.58%	11.81%	23.37%	20.81%	-5.56%	13.05%

Correlation

The correlation between ANVIX and AZNIX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.81
Correlation (10Y) Provides a long-term view across more market conditions.	0.80
Correlation (All Time) Calculated using the full available price history since Feb 28, 2007	0.86

The correlation between ANVIX and AZNIX shifts across timeframes, from 0.73 (3 years) to 0.86 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ANVIX vs. AZNIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ANVIX

ANVIX Risk / Return Rank: 74
ANVIX Sharpe Ratio Rank: 71
ANVIX Sortino Ratio Rank: 69
ANVIX Omega Ratio Rank: 67
ANVIX Calmar Ratio Rank: 85
ANVIX Martin Ratio Rank: 78

AZNIX

AZNIX Risk / Return Rank: 49
AZNIX Sharpe Ratio Rank: 43
AZNIX Sortino Ratio Rank: 41
AZNIX Omega Ratio Rank: 40
AZNIX Calmar Ratio Rank: 57
AZNIX Martin Ratio Rank: 63

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ANVIX vs. AZNIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus NFJ Large-Cap Value Fund (ANVIX) and Virtus Income & Growth Fund (AZNIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	ANVIX	AZNIX	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.23	+0.43
Sortino ratio: Return per unit of downside risk	2.35	1.75	+0.60
Omega ratio: Gain probability vs. loss probability	1.30	1.22	+0.08
Calmar ratio: Return relative to maximum drawdown	2.95	1.98	+0.97
Martin ratio: Return relative to average drawdown	9.46	8.00	+1.46

ANVIX vs. AZNIX - Sharpe Ratio Comparison

The current ANVIX Sharpe Ratio is 1.65, which is higher than the AZNIX Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of ANVIX and AZNIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ANVIX vs. AZNIX - Drawdown Comparison

The maximum ANVIX drawdown since its inception was -62.48%, which is greater than AZNIX's maximum drawdown of -45.11%. Use the drawdown chart below to compare losses from any high point for ANVIX and AZNIX.

Drawdown Indicators

	ANVIX	AZNIX	Difference
Max Drawdown Largest peak-to-trough decline	-62.48%	-45.11%	-17.37%
Max Drawdown (1Y) Largest decline over 1 year	-7.20%	-6.16%	-1.04%
Max Drawdown (3Y) Largest decline over 3 years	-19.65%	-10.59%	-9.06%
Max Drawdown (5Y) Largest decline over 5 years	-23.67%	-23.92%	+0.25%
Max Drawdown (10Y) Largest decline over 10 years	-38.41%	-26.24%	-12.17%
Current Drawdown Current decline from peak	0.00%	-3.39%	+3.39%
Average Drawdown Average peak-to-trough decline	-9.58%	-5.87%	-3.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	1.52%	+0.74%

Volatility

ANVIX vs. AZNIX - Volatility Comparison

The current volatility for Virtus NFJ Large-Cap Value Fund (ANVIX) is 2.95%, while Virtus Income & Growth Fund (AZNIX) has a volatility of 3.33%. This indicates that ANVIX experiences smaller price fluctuations and is considered to be less risky than AZNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANVIX	AZNIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	3.33%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	9.08%	8.41%	+0.67%
Volatility (1Y) Calculated over the trailing 1-year period	12.89%	9.94%	+2.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.61%	10.92%	+5.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.21%	11.45%	+6.76%

ANVIX vs. AZNIX - Expense Ratio Comparison

ANVIX has a 0.74% expense ratio, which is lower than AZNIX's 0.92% expense ratio.

Dividends

ANVIX vs. AZNIX - Dividend Comparison

ANVIX's dividend yield for the trailing twelve months is around 8.65%, more than AZNIX's 6.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANVIX Virtus NFJ Large-Cap Value Fund	8.65%	10.78%	2.80%	7.28%	20.66%	6.43%	1.43%	3.54%	2.02%	1.89%	2.13%	2.26%
AZNIX Virtus Income & Growth Fund	6.82%	7.00%	7.29%	7.49%	8.26%	6.21%	6.59%	8.18%	7.22%	7.82%	8.94%	9.33%

Frequently Asked Questions

Can I hold both ANVIX and AZNIX in my portfolio?

ANVIX and AZNIX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ANVIX or AZNIX?

AZNIX has higher volatility (3.33%) compared to ANVIX (2.95%). In terms of maximum drawdown, ANVIX dropped -62.48% vs AZNIX's -45.11%.

Which has better risk-adjusted returns?

ANVIX currently has the higher Sharpe Ratio (1.65 vs 1.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.