AWTAX vs. SRV
AWTAX (Virtus Water Fund) and SRV (NXG Cushing® Midstream Energy Fund) are both Energy Equities funds. Over the past 10 years, AWTAX returned 7.90%/yr vs 12.53%/yr for SRV. At a 0.31 correlation, their price movements are largely independent. AWTAX charges 1.22%/yr vs 1.00%/yr for SRV.
Performance
AWTAX vs. SRV - Performance Comparison
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Returns By Period
In the year-to-date period, AWTAX achieves a -1.16% return, which is significantly lower than SRV's 32.23% return. Over the past 10 years, AWTAX has underperformed SRV with an annualized return of 7.90%, while SRV has yielded a comparatively higher 12.53% annualized return.
AWTAX
- 1D
- 1.90%
- 1M
- 1.24%
- YTD
- -1.16%
- 6M
- -2.44%
- 1Y
- 0.90%
- 3Y*
- 7.12%
- 5Y*
- 2.69%
- 10Y*
- 7.90%
SRV
- 1D
- -1.56%
- 1M
- 0.70%
- YTD
- 32.23%
- 6M
- 34.87%
- 1Y
- 40.95%
- 3Y*
- 28.69%
- 5Y*
- 26.14%
- 10Y*
- 12.53%
AWTAX vs. SRV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AWTAX Virtus Water Fund | -1.16% | 11.87% | 5.25% | 11.99% | -21.01% | 25.39% | 16.68% | 32.78% | -12.50% | 21.99% |
SRV NXG Cushing® Midstream Energy Fund | 32.23% | 5.05% | 50.70% | 19.88% | 20.11% | 50.45% | -41.65% | 33.99% | -21.61% | -4.21% |
Correlation
The correlation between AWTAX and SRV is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2008 | 0.31 |
Over the past year, the correlation between AWTAX and SRV has dropped to 0.02 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
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Return for Risk
AWTAX vs. SRV — Risk / Return Rank
AWTAX
SRV
AWTAX vs. SRV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Water Fund (AWTAX) and NXG Cushing® Midstream Energy Fund (SRV). 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.
| AWTAX | SRV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.37 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 3.13 | -3.11 |
| Martin ratioReturn relative to average drawdown | 0.06 | 8.90 | -8.84 |
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Drawdowns
AWTAX vs. SRV - Drawdown Comparison
The maximum AWTAX drawdown since its inception was -54.12%, smaller than the maximum SRV drawdown of -92.97%. Use the drawdown chart below to compare losses from any high point for AWTAX and SRV.
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Drawdown Indicators
| AWTAX | SRV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.12% | -92.97% | +38.85% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -13.13% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -17.00% | -26.26% | +9.26% |
Max Drawdown (5Y)Largest decline over 5 years | -30.85% | -26.26% | -4.59% |
Max Drawdown (10Y)Largest decline over 10 years | -32.78% | -81.70% | +48.92% |
Current DrawdownCurrent decline from peak | -8.62% | -7.75% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -9.90% | -48.63% | +38.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.19% | 4.61% | +0.58% |
Volatility
AWTAX vs. SRV - Volatility Comparison
The current volatility for Virtus Water Fund (AWTAX) is 4.65%, while NXG Cushing® Midstream Energy Fund (SRV) has a volatility of 7.70%. This indicates that AWTAX experiences smaller price fluctuations and is considered to be less risky than SRV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AWTAX | SRV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 7.70% | -3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 15.88% | -5.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.48% | 19.42% | -5.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.24% | 26.46% | -9.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 38.29% | -21.03% |
AWTAX vs. SRV - Expense Ratio Comparison
AWTAX has a 1.22% expense ratio, which is higher than SRV's 1.00% expense ratio.
Dividends
AWTAX vs. SRV - Dividend Comparison
AWTAX's dividend yield for the trailing twelve months is around 12.07%, less than SRV's 15.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWTAX Virtus Water Fund | 12.07% | 11.93% | 7.78% | 3.30% | 0.42% | 7.72% | 1.61% | 2.98% | 3.71% | 2.43% | 0.99% | 0.38% |
SRV NXG Cushing® Midstream Energy Fund | 15.62% | 19.31% | 12.85% | 15.56% | 8.85% | 4.72% | 12.05% | 10.59% | 12.73% | 9.07% | 7.95% | 11.01% |
Frequently Asked Questions
AWTAX and SRV have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRV has higher volatility (7.70%) compared to AWTAX (4.65%). In terms of maximum drawdown, AWTAX dropped -54.12% vs SRV's -92.97%.
SRV currently has the higher Sharpe Ratio (2.12 vs 0.02), 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.
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