ARSTX vs. AZBIX

Last updated Jun 5, 2026

ARSTX (Nuveen Small Cap Select Fund) and AZBIX (Virtus Small-Cap Fund) are both Small Cap Blend Equities funds. Over the past 10 years, ARSTX returned 11.94%/yr vs 11.77%/yr for AZBIX. Their correlation of 0.95 suggests significant overlap in exposure. ARSTX charges 0.99%/yr vs 0.89%/yr for AZBIX.

Performance

ARSTX vs. AZBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Small Cap Select Fund (ARSTX) and Virtus Small-Cap Fund (AZBIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARSTX achieves a 10.02% return, which is significantly lower than AZBIX's 17.18% return. Both investments have delivered pretty close results over the past 10 years, with ARSTX having a 11.94% annualized return and AZBIX not far behind at 11.77%.

ARSTX

• 1D: -0.45%
• 1M: 0.34%
• YTD: 10.02%
• 6M: 8.11%
• 1Y: 27.87%
• 3Y*: 16.59%
• 5Y*: 8.09%
• 10Y*: 11.94%

AZBIX

• 1D: -0.86%
• 1M: 0.84%
• YTD: 17.18%
• 6M: 16.12%
• 1Y: 32.63%
• 3Y*: 17.89%
• 5Y*: 8.04%
• 10Y*: 11.77%

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

ARSTX vs. AZBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARSTX Nuveen Small Cap Select Fund	10.02%	7.78%	16.94%	17.69%	-19.84%	35.98%	18.68%	29.05%	-11.48%	10.13%
AZBIX Virtus Small-Cap Fund	17.18%	8.49%	19.06%	14.09%	-18.04%	18.92%	16.98%	24.13%	-9.25%	21.27%

Correlation

The correlation between ARSTX and AZBIX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jul 3, 2013	0.95

The correlation between ARSTX and AZBIX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

Return for Risk

ARSTX vs. AZBIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARSTX

ARSTX Risk / Return Rank: 38
ARSTX Sharpe Ratio Rank: 32
ARSTX Sortino Ratio Rank: 33
ARSTX Omega Ratio Rank: 29
ARSTX Calmar Ratio Rank: 50
ARSTX Martin Ratio Rank: 47

AZBIX

AZBIX Risk / Return Rank: 54
AZBIX Sharpe Ratio Rank: 45
AZBIX Sortino Ratio Rank: 45
AZBIX Omega Ratio Rank: 40
AZBIX Calmar Ratio Rank: 78
AZBIX Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARSTX vs. AZBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Small Cap Select Fund (ARSTX) and Virtus Small-Cap Fund (AZBIX). 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.

	ARSTX	AZBIX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.94	-0.34
Sortino ratio: Return per unit of downside risk	2.37	2.78	-0.42
Omega ratio: Gain probability vs. loss probability	1.28	1.34	-0.06
Calmar ratio: Return relative to maximum drawdown	2.67	3.47	-0.80
Martin ratio: Return relative to average drawdown	9.65	12.14	-2.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARSTX vs. AZBIX - Sharpe Ratio Comparison

The current ARSTX Sharpe Ratio is 1.60, which is comparable to the AZBIX Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of ARSTX and AZBIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARSTX	AZBIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.60	1.94	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.39	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.55	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.54	-0.06

Drawdowns

ARSTX vs. AZBIX - Drawdown Comparison

The maximum ARSTX drawdown since its inception was -56.51%, which is greater than AZBIX's maximum drawdown of -40.80%. Use the drawdown chart below to compare losses from any high point for ARSTX and AZBIX.

Drawdown Indicators

	ARSTX	AZBIX	Difference
Max Drawdown Largest peak-to-trough decline	-56.51%	-40.80%	-15.71%
Max Drawdown (1Y) Largest decline over 1 year	-10.39%	-9.33%	-1.06%
Max Drawdown (3Y) Largest decline over 3 years	-27.97%	-29.01%	+1.04%
Max Drawdown (5Y) Largest decline over 5 years	-27.97%	-29.85%	+1.88%
Max Drawdown (10Y) Largest decline over 10 years	-43.11%	-40.80%	-2.31%
Current Drawdown Current decline from peak	-0.95%	-0.86%	-0.09%
Average Drawdown Average peak-to-trough decline	-8.87%	-7.71%	-1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	2.66%	+0.21%

Volatility

ARSTX vs. AZBIX - Volatility Comparison

Nuveen Small Cap Select Fund (ARSTX) and Virtus Small-Cap Fund (AZBIX) have volatilities of 4.87% and 5.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARSTX	AZBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.87%	5.05%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	12.54%	12.17%	+0.37%
Volatility (1Y) Calculated over the trailing 1-year period	17.42%	16.72%	+0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.54%	20.50%	+2.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.21%	21.36%	+1.85%

ARSTX vs. AZBIX - Expense Ratio Comparison

ARSTX has a 0.99% expense ratio, which is higher than AZBIX's 0.89% expense ratio.

Dividends

ARSTX vs. AZBIX - Dividend Comparison

ARSTX's dividend yield for the trailing twelve months is around 2.30%, less than AZBIX's 4.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARSTX Nuveen Small Cap Select Fund	2.30%	2.53%	2.42%	0.00%	0.40%	21.05%	1.25%	0.37%	21.67%	10.31%	8.92%	20.02%
AZBIX Virtus Small-Cap Fund	4.18%	4.90%	10.82%	2.31%	4.78%	13.82%	0.45%	0.38%	9.62%	13.80%	0.03%	3.59%

Frequently Asked Questions

Can I hold both ARSTX and AZBIX in my portfolio?

With a correlation of 0.91, ARSTX and AZBIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ARSTX or AZBIX?

AZBIX has higher volatility (5.05%) compared to ARSTX (4.87%). In terms of maximum drawdown, ARSTX dropped -56.51% vs AZBIX's -40.80%.

Which has better risk-adjusted returns?

AZBIX currently has the higher Sharpe Ratio (1.94 vs 1.60), 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.