AZMIX vs. ALOIX
AZMIX (Virtus NFJ Emerging Markets Value Fund) and ALOIX (Virtus International Small-Cap Fund) are both mutual funds - AZMIX is a Emerging Markets Equities fund managed by Allianz, while ALOIX is a Foreign Small & Mid Cap Equities fund managed by Allianz. Over the past 10 years, AZMIX returned 6.83%/yr vs 8.18%/yr for ALOIX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. AZMIX charges 0.89%/yr vs 1.04%/yr for ALOIX.
Performance
AZMIX vs. ALOIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AZMIX achieves a 11.52% return, which is significantly lower than ALOIX's 14.50% return. Over the past 10 years, AZMIX has underperformed ALOIX with an annualized return of 6.83%, while ALOIX has yielded a comparatively higher 8.18% annualized return.
AZMIX
- 1D
- 3.53%
- 1M
- -6.74%
- 6M
- 2.20%
- YTD
- 11.52%
- 1Y
- 29.04%
- 3Y*
- 12.07%
- 5Y*
- 3.06%
- 10Y*
- 6.83%
- ALL TIME*
- 5.43%
ALOIX
- 1D
- 2.43%
- 1M
- 0.54%
- 6M
- 6.90%
- YTD
- 14.50%
- 1Y
- 32.78%
- 3Y*
- 17.80%
- 5Y*
- 6.36%
- 10Y*
- 8.18%
- ALL TIME*
- 6.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AZMIX vs. ALOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AZMIX Virtus NFJ Emerging Markets Value Fund | 11.52% | 33.20% | 0.98% | 7.15% | -27.76% | 2.53% | 22.61% | 21.90% | -19.63% | 36.72% |
ALOIX Virtus International Small-Cap Fund | 14.50% | 36.22% | 2.65% | 19.43% | -26.96% | 6.02% | 15.92% | 24.57% | -22.78% | 37.59% |
Correlation
The correlation between AZMIX and ALOIX is 0.68, 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. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 2012 | 0.66 |
The correlation between AZMIX and ALOIX shifts across timeframes, from 0.57 (3 years) to 0.68 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AZMIX vs. ALOIX — Risk / Return Rank
AZMIX
ALOIX
AZMIX vs. ALOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus NFJ Emerging Markets Value Fund (AZMIX) and Virtus International Small-Cap Fund (ALOIX). 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.
| AZMIX | ALOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.42 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 3.27 | -1.64 |
| Martin ratioReturn relative to average drawdown | 5.45 | 11.69 | -6.25 |
Loading charts...
Drawdowns
AZMIX vs. ALOIX - Drawdown Comparison
The maximum AZMIX drawdown since its inception was -44.57%, smaller than the maximum ALOIX drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for AZMIX and ALOIX.
Loading charts...
Drawdown Indicators
| AZMIX | ALOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.57% | -79.29% | +34.72% |
Max Drawdown (1Y)Largest decline over 1 year | -16.01% | -10.07% | -5.94% |
Max Drawdown (3Y)Largest decline over 3 years | -17.91% | -14.03% | -3.88% |
Max Drawdown (5Y)Largest decline over 5 years | -41.33% | -39.41% | -1.92% |
Max Drawdown (10Y)Largest decline over 10 years | -44.57% | -42.79% | -1.78% |
Current DrawdownCurrent decline from peak | -13.04% | -1.05% | -11.99% |
Average DrawdownAverage peak-to-trough decline | -14.15% | -34.68% | +20.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 2.81% | +1.98% |
Volatility
AZMIX vs. ALOIX - Volatility Comparison
Virtus NFJ Emerging Markets Value Fund (AZMIX) has a higher volatility of 9.79% compared to Virtus International Small-Cap Fund (ALOIX) at 5.02%. This indicates that AZMIX's price experiences larger fluctuations and is considered to be riskier than ALOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AZMIX | ALOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.79% | 5.02% | +4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 20.95% | 11.91% | +9.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.61% | 13.99% | +9.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.45% | 15.11% | +5.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.95% | 16.44% | +2.51% |
AZMIX vs. ALOIX - Expense Ratio Comparison
AZMIX has a 0.89% expense ratio, which is lower than ALOIX's 1.04% expense ratio.
Dividends
AZMIX vs. ALOIX - Dividend Comparison
AZMIX's dividend yield for the trailing twelve months is around 2.83%, less than ALOIX's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALOIX Virtus International Small-Cap Fund | 3.96% | 4.54% | 3.50% | 4.93% | 1.25% | 19.08% | 1.38% | 1.62% | 18.17% | 1.52% | 1.04% | 0.54% |
AZMIX Virtus NFJ Emerging Markets Value Fund | 2.83% | 3.15% | 1.57% | 1.80% | 2.08% | 0.57% | 1.68% | 2.96% | 3.07% | 1.70% | 2.41% | 3.62% |
Frequently Asked Questions
AZMIX and ALOIX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AZMIX has higher volatility (9.79%) compared to ALOIX (5.02%). In terms of maximum drawdown, AZMIX dropped -44.57% vs ALOIX's -79.29%.
ALOIX currently has the higher Sharpe Ratio (2.35 vs 1.11), 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.
Find the right allocation for AZMIX and ALOIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer