AZNIX vs. PSVIX

Last updated Jun 5, 2026

AZNIX (Virtus Income & Growth Fund) and PSVIX (Virtus NFJ Small-Cap Value Fund) are both mutual funds - AZNIX is a Diversified Portfolio fund managed by Allianz, while PSVIX is a Small Cap Value Equities fund managed by Allianz. Over the past 10 years, AZNIX returned 9.53%/yr vs 6.85%/yr for PSVIX. Their correlation of 0.81 suggests significant overlap in exposure. AZNIX charges 0.92%/yr vs 0.82%/yr for PSVIX.

Performance

AZNIX vs. PSVIX - Performance Comparison

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

Returns By Period

In the year-to-date period, AZNIX achieves a 9.93% return, which is significantly lower than PSVIX's 13.85% return. Over the past 10 years, AZNIX has outperformed PSVIX with an annualized return of 9.53%, while PSVIX has yielded a comparatively lower 6.85% annualized return.

AZNIX

• 1D: -0.45%
• 1M: 2.66%
• YTD: 9.93%
• 6M: 9.69%
• 1Y: 20.25%
• 3Y*: 14.46%
• 5Y*: 7.06%
• 10Y*: 9.53%

PSVIX

• 1D: -0.74%
• 1M: -0.68%
• YTD: 13.85%
• 6M: 13.44%
• 1Y: 25.47%
• 3Y*: 12.42%
• 5Y*: 5.76%
• 10Y*: 6.85%

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

AZNIX vs. PSVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AZNIX Virtus Income & Growth Fund	9.93%	11.97%	11.24%	18.99%	-19.58%	11.81%	23.37%	20.81%	-5.56%	13.05%
PSVIX Virtus NFJ Small-Cap Value Fund	13.85%	1.37%	5.87%	23.36%	-15.77%	24.66%	-4.31%	24.80%	-19.33%	9.10%

Correlation

The correlation between AZNIX and PSVIX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Mar 1, 2007	0.81

The correlation between AZNIX and PSVIX shifts across timeframes, from 0.65 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AZNIX vs. PSVIX — Risk / Return Rank

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

AZNIX

AZNIX Risk / Return Rank: 71
AZNIX Sharpe Ratio Rank: 66
AZNIX Sortino Ratio Rank: 63
AZNIX Omega Ratio Rank: 64
AZNIX Calmar Ratio Rank: 75
AZNIX Martin Ratio Rank: 87

PSVIX

PSVIX Risk / Return Rank: 38
PSVIX Sharpe Ratio Rank: 28
PSVIX Sortino Ratio Rank: 30
PSVIX Omega Ratio Rank: 26
PSVIX Calmar Ratio Rank: 65
PSVIX Martin Ratio Rank: 39

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.

AZNIX vs. PSVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Income & Growth Fund (AZNIX) and Virtus NFJ Small-Cap Value Fund (PSVIX). 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.

	AZNIX	PSVIX	Difference
Sharpe ratio: Return per unit of total volatility	2.37	1.48	+0.89
Sortino ratio: Return per unit of downside risk	3.30	2.21	+1.09
Omega ratio: Gain probability vs. loss probability	1.44	1.26	+0.18
Calmar ratio: Return relative to maximum drawdown	3.34	3.02	+0.31
Martin ratio: Return relative to average drawdown	16.36	8.20	+8.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AZNIX vs. PSVIX - Sharpe Ratio Comparison

The current AZNIX Sharpe Ratio is 2.37, which is higher than the PSVIX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of AZNIX and PSVIX, 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

	AZNIX	PSVIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	1.48	+0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.27	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	0.31	+0.53
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.52	+0.11

Drawdowns

AZNIX vs. PSVIX - Drawdown Comparison

The maximum AZNIX drawdown since its inception was -45.11%, smaller than the maximum PSVIX drawdown of -55.62%. Use the drawdown chart below to compare losses from any high point for AZNIX and PSVIX.

Drawdown Indicators

	AZNIX	PSVIX	Difference
Max Drawdown Largest peak-to-trough decline	-45.11%	-55.62%	+10.51%
Max Drawdown (1Y) Largest decline over 1 year	-6.16%	-8.38%	+2.22%
Max Drawdown (3Y) Largest decline over 3 years	-10.59%	-27.34%	+16.75%
Max Drawdown (5Y) Largest decline over 5 years	-23.92%	-27.34%	+3.42%
Max Drawdown (10Y) Largest decline over 10 years	-26.24%	-45.39%	+19.15%
Current Drawdown Current decline from peak	-0.45%	-1.91%	+1.46%
Average Drawdown Average peak-to-trough decline	-5.90%	-7.94%	+2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.25%	3.08%	-1.83%

Volatility

AZNIX vs. PSVIX - Volatility Comparison

The current volatility for Virtus Income & Growth Fund (AZNIX) is 2.84%, while Virtus NFJ Small-Cap Value Fund (PSVIX) has a volatility of 4.89%. This indicates that AZNIX experiences smaller price fluctuations and is considered to be less risky than PSVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AZNIX	PSVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	4.89%	-2.05%
Volatility (6M) Calculated over the trailing 6-month period	7.16%	11.26%	-4.10%
Volatility (1Y) Calculated over the trailing 1-year period	8.67%	17.23%	-8.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.74%	21.13%	-10.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.40%	22.22%	-10.82%

AZNIX vs. PSVIX - Expense Ratio Comparison

AZNIX has a 0.92% expense ratio, which is higher than PSVIX's 0.82% expense ratio.

Dividends

AZNIX vs. PSVIX - Dividend Comparison

AZNIX's dividend yield for the trailing twelve months is around 6.55%, more than PSVIX's 2.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AZNIX Virtus Income & Growth Fund	6.55%	7.00%	7.29%	7.49%	8.26%	6.21%	6.59%	8.18%	7.22%	7.82%	8.94%	9.33%
PSVIX Virtus NFJ Small-Cap Value Fund	2.87%	3.27%	3.72%	9.11%	15.72%	7.15%	2.08%	8.04%	32.47%	17.56%	3.74%	16.77%

Frequently Asked Questions

Can I hold both AZNIX and PSVIX in my portfolio?

AZNIX and PSVIX have a correlation of 0.65, 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 PSVIX?

PSVIX has higher volatility (4.89%) compared to AZNIX (2.84%). In terms of maximum drawdown, AZNIX dropped -45.11% vs PSVIX's -55.62%.

Which has better risk-adjusted returns?

AZNIX currently has the higher Sharpe Ratio (2.37 vs 1.48), 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.