DGSCX vs. PALAX
DGSCX (Virtus Global Small-Cap Fund) and PALAX (Virtus Global Allocation Fund) are both mutual funds - DGSCX is a Global Equities fund managed by Allianz, while PALAX is a Global Allocation fund managed by Allianz. Over the past 10 years, DGSCX returned 7.55%/yr vs 7.34%/yr for PALAX. Their correlation of 0.84 means they have usually moved in the same direction. DGSCX charges 1.28%/yr vs 0.52%/yr for PALAX.
Performance
DGSCX vs. PALAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DGSCX achieves a 5.97% return, which is significantly lower than PALAX's 8.46% return. Both investments have delivered pretty close results over the past 10 years, with DGSCX having a 7.55% annualized return and PALAX not far behind at 7.34%.
DGSCX
- 1D
- -0.23%
- 1M
- 0.00%
- 6M
- 0.84%
- YTD
- 5.97%
- 1Y
- -0.62%
- 3Y*
- 7.12%
- 5Y*
- 1.58%
- 10Y*
- 7.55%
- ALL TIME*
- 8.15%
PALAX
- 1D
- 0.08%
- 1M
- 0.39%
- 6M
- 5.27%
- YTD
- 8.46%
- 1Y
- 18.11%
- 3Y*
- 11.34%
- 5Y*
- 5.57%
- 10Y*
- 7.34%
- ALL TIME*
- 5.96%
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 |
DGSCX vs. PALAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGSCX Virtus Global Small-Cap Fund | 5.97% | -0.96% | 9.71% | 24.03% | -24.11% | 11.23% | 29.79% | 23.02% | -16.82% | 26.86% |
PALAX Virtus Global Allocation Fund | 8.46% | 17.73% | 6.39% | 11.78% | -15.69% | 10.82% | 13.99% | 17.93% | -8.72% | 16.92% |
Correlation
The correlation between DGSCX and PALAX is 0.56, 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. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 1998 | 0.84 |
Over the past year, the correlation between DGSCX and PALAX has dropped to 0.56 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.
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
DGSCX vs. PALAX — Risk / Return Rank
DGSCX
PALAX
DGSCX vs. PALAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Global Small-Cap Fund (DGSCX) and Virtus Global Allocation Fund (PALAX). 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.
| DGSCX | PALAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.78 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.35 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 2.55 | -2.65 |
| Martin ratioReturn relative to average drawdown | -0.22 | 10.36 | -10.57 |
Loading charts...
Drawdowns
DGSCX vs. PALAX - Drawdown Comparison
The maximum DGSCX drawdown since its inception was -68.18%, which is greater than PALAX's maximum drawdown of -44.59%. Use the drawdown chart below to compare losses from any high point for DGSCX and PALAX.
Loading charts...
Drawdown Indicators
| DGSCX | PALAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.18% | -44.59% | -23.59% |
Max Drawdown (1Y)Largest decline over 1 year | -16.85% | -6.93% | -9.92% |
Max Drawdown (3Y)Largest decline over 3 years | -18.04% | -11.92% | -6.12% |
Max Drawdown (5Y)Largest decline over 5 years | -37.49% | -27.75% | -9.74% |
Max Drawdown (10Y)Largest decline over 10 years | -40.29% | -27.75% | -12.54% |
Current DrawdownCurrent decline from peak | -5.45% | -1.10% | -4.35% |
Average DrawdownAverage peak-to-trough decline | -19.61% | -6.67% | -12.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.93% | 1.70% | +6.23% |
Volatility
DGSCX vs. PALAX - Volatility Comparison
Virtus Global Small-Cap Fund (DGSCX) has a higher volatility of 2.94% compared to Virtus Global Allocation Fund (PALAX) at 2.71%. This indicates that DGSCX's price experiences larger fluctuations and is considered to be riskier than PALAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DGSCX | PALAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 2.71% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 9.86% | 7.73% | +2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.53% | 9.30% | +3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.88% | 11.95% | +5.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 11.36% | +7.77% |
DGSCX vs. PALAX - Expense Ratio Comparison
DGSCX has a 1.28% expense ratio, which is higher than PALAX's 0.52% expense ratio.
Dividends
DGSCX vs. PALAX - Dividend Comparison
DGSCX's dividend yield for the trailing twelve months is around 4.35%, less than PALAX's 9.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGSCX Virtus Global Small-Cap Fund | 4.35% | 4.61% | 14.50% | 0.84% | 2.64% | 30.56% | 4.16% | 7.03% | 21.96% | 7.99% | 0.00% | 0.00% |
PALAX Virtus Global Allocation Fund | 9.27% | 6.94% | 3.07% | 2.60% | 6.29% | 9.15% | 6.14% | 10.09% | 6.19% | 10.69% | 1.61% | 5.30% |
Frequently Asked Questions
DGSCX and PALAX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGSCX has higher volatility (2.94%) compared to PALAX (2.71%). In terms of maximum drawdown, DGSCX dropped -68.18% vs PALAX's -44.59%.
PALAX currently has the higher Sharpe Ratio (1.90 vs -0.14), 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 DGSCX and PALAX
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