AZNIX vs. AZBIX

Last updated Aug 1, 2026

AZNIX (Virtus Income & Growth Fund) and AZBIX (Virtus Small-Cap Fund) are both mutual funds - AZNIX is a Diversified Portfolio fund managed by Allianz, while AZBIX is a Small Cap Blend Equities fund managed by Allianz. Over the past 10 years, AZNIX returned 8.81%/yr vs 11.61%/yr for AZBIX. Their correlation of 0.84 means they have usually moved in the same direction. AZNIX charges 0.92%/yr vs 0.89%/yr for AZBIX.

Performance

AZNIX vs. AZBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Income & Growth Fund (AZNIX) 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, AZNIX achieves a 6.68% return, which is significantly lower than AZBIX's 19.77% return. Over the past 10 years, AZNIX has underperformed AZBIX with an annualized return of 8.81%, while AZBIX has yielded a comparatively higher 11.61% annualized return.

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%

AZBIX

• 1D: 1.30%
• 1M: -0.94%
• 6M: 14.75%
• YTD: 19.77%
• 1Y: 33.35%
• 3Y*: 16.35%
• 5Y*: 8.58%
• 10Y*: 11.61%
• ALL TIME*: 10.96%

*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)
AZBIX Virtus Small-Cap Fund	$0.00	$0.00	$0.00
AZNIX Virtus Income & Growth Fund	$0.00	$0.00	$0.00

AZNIX vs. AZBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
AZBIX Virtus Small-Cap Fund	19.77%	8.49%	19.06%	14.09%	-18.04%	18.92%	16.98%	24.13%	-9.25%	21.27%

Correlation

The correlation between AZNIX and AZBIX is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (10Y) Provides a long-term view across more market conditions.	0.83
Correlation (All Time) Calculated using the full available price history since Jul 2, 2013	0.84

The correlation between AZNIX and AZBIX has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.

Return for Risk

AZNIX vs. AZBIX — Risk / Return Rank

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

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

AZBIX

AZBIX Risk / Return Rank: 79
AZBIX Sharpe Ratio Rank: 76
AZBIX Sortino Ratio Rank: 75
AZBIX Omega Ratio Rank: 69
AZBIX Calmar Ratio Rank: 89
AZBIX Martin Ratio Rank: 86

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.

AZNIX vs. AZBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Income & Growth Fund (AZNIX) 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.

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.

	AZNIX	AZBIX	Difference
Sharpe ratio: Return per unit of total volatility	1.23	1.76	-0.53
Sortino ratio: Return per unit of downside risk	1.75	2.54	-0.79
Omega ratio: Gain probability vs. loss probability	1.22	1.30	-0.08
Calmar ratio: Return relative to maximum drawdown	1.98	3.28	-1.30
Martin ratio: Return relative to average drawdown	8.00	11.02	-3.02

AZNIX vs. AZBIX - Sharpe Ratio Comparison

The current AZNIX Sharpe Ratio is 1.23, which is lower than the AZBIX Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of AZNIX 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.

Drawdowns

AZNIX vs. AZBIX - Drawdown Comparison

The maximum AZNIX drawdown since its inception was -45.11%, which is greater than AZBIX's maximum drawdown of -40.80%. Use the drawdown chart below to compare losses from any high point for AZNIX and AZBIX.

Drawdown Indicators

	AZNIX	AZBIX	Difference
Max Drawdown Largest peak-to-trough decline	-45.11%	-40.80%	-4.31%
Max Drawdown (1Y) Largest decline over 1 year	-6.16%	-9.33%	+3.17%
Max Drawdown (3Y) Largest decline over 3 years	-10.59%	-29.01%	+18.42%
Max Drawdown (5Y) Largest decline over 5 years	-23.92%	-29.85%	+5.93%
Max Drawdown (10Y) Largest decline over 10 years	-26.24%	-40.80%	+14.56%
Current Drawdown Current decline from peak	-3.39%	-2.95%	-0.44%
Average Drawdown Average peak-to-trough decline	-5.87%	-7.64%	+1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	2.78%	-1.26%

Volatility

AZNIX vs. AZBIX - Volatility Comparison

The current volatility for Virtus Income & Growth Fund (AZNIX) is 3.33%, while Virtus Small-Cap Fund (AZBIX) has a volatility of 3.97%. This indicates that AZNIX experiences smaller price fluctuations and is considered to be less risky than AZBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AZNIX	AZBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	3.97%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	8.41%	13.11%	-4.70%
Volatility (1Y) Calculated over the trailing 1-year period	9.94%	17.43%	-7.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.92%	20.50%	-9.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.45%	21.34%	-9.89%

AZNIX vs. AZBIX - Expense Ratio Comparison

AZNIX has a 0.92% expense ratio, which is higher than AZBIX's 0.89% expense ratio.

Dividends

AZNIX vs. AZBIX - Dividend Comparison

AZNIX's dividend yield for the trailing twelve months is around 6.82%, more than AZBIX's 4.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AZBIX Virtus Small-Cap Fund	4.09%	4.90%	10.82%	2.31%	4.78%	13.82%	0.45%	0.38%	9.62%	13.80%	0.03%	3.59%
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 AZNIX and AZBIX in my portfolio?

AZNIX and AZBIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AZNIX or AZBIX?

AZBIX has higher volatility (3.97%) compared to AZNIX (3.33%). In terms of maximum drawdown, AZNIX dropped -45.11% vs AZBIX's -40.80%.

Which has better risk-adjusted returns?

AZBIX currently has the higher Sharpe Ratio (1.76 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.