DRGTX vs. PALAX
DRGTX (Virtus Technology Fund) and PALAX (Virtus Global Allocation Fund) are both mutual funds - DRGTX is a Technology Equities fund managed by Allianz, while PALAX is a Global Allocation fund managed by Allianz. Over the past 10 years, DRGTX returned 22.19%/yr vs 7.27%/yr for PALAX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. DRGTX charges 1.16%/yr vs 0.52%/yr for PALAX.
Performance
DRGTX vs. PALAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DRGTX achieves a 18.87% return, which is significantly higher than PALAX's 8.37% return. Over the past 10 years, DRGTX has outperformed PALAX with an annualized return of 22.19%, while PALAX has yielded a comparatively lower 7.27% annualized return.
DRGTX
- 1D
- 4.57%
- 1M
- -3.03%
- 6M
- 18.71%
- YTD
- 18.87%
- 1Y
- 33.75%
- 3Y*
- 28.90%
- 5Y*
- 14.91%
- 10Y*
- 22.19%
- ALL TIME*
- 14.78%
PALAX
- 1D
- 1.27%
- 1M
- 0.31%
- 6M
- 5.36%
- YTD
- 8.37%
- 1Y
- 18.01%
- 3Y*
- 11.02%
- 5Y*
- 5.55%
- 10Y*
- 7.27%
- ALL TIME*
- 5.95%
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 |
DRGTX vs. PALAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRGTX Virtus Technology Fund | 18.87% | 25.10% | 35.67% | 65.59% | -42.58% | 12.14% | 70.02% | 29.46% | 5.06% | 47.17% |
PALAX Virtus Global Allocation Fund | 8.37% | 17.73% | 6.39% | 11.78% | -15.69% | 10.82% | 13.99% | 17.93% | -8.72% | 16.92% |
Correlation
The correlation between DRGTX and PALAX 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. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 1998 | 0.78 |
The correlation between DRGTX and PALAX has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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
DRGTX vs. PALAX — Risk / Return Rank
DRGTX
PALAX
DRGTX vs. PALAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Technology Fund (DRGTX) 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.
| DRGTX | PALAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.34 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 2.50 | -1.02 |
| Martin ratioReturn relative to average drawdown | 4.27 | 10.18 | -5.91 |
Loading charts...
Drawdowns
DRGTX vs. PALAX - Drawdown Comparison
The maximum DRGTX drawdown since its inception was -83.33%, which is greater than PALAX's maximum drawdown of -44.59%. Use the drawdown chart below to compare losses from any high point for DRGTX and PALAX.
Loading charts...
Drawdown Indicators
| DRGTX | PALAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.33% | -44.59% | -38.74% |
Max Drawdown (1Y)Largest decline over 1 year | -20.78% | -6.93% | -13.85% |
Max Drawdown (3Y)Largest decline over 3 years | -29.46% | -11.92% | -17.54% |
Max Drawdown (5Y)Largest decline over 5 years | -49.05% | -27.75% | -21.30% |
Max Drawdown (10Y)Largest decline over 10 years | -49.05% | -27.75% | -21.30% |
Current DrawdownCurrent decline from peak | -9.44% | -1.18% | -8.26% |
Average DrawdownAverage peak-to-trough decline | -29.82% | -6.67% | -23.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.21% | 1.70% | +5.51% |
Volatility
DRGTX vs. PALAX - Volatility Comparison
Virtus Technology Fund (DRGTX) has a higher volatility of 8.92% compared to Virtus Global Allocation Fund (PALAX) at 2.78%. This indicates that DRGTX'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
| DRGTX | PALAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.92% | 2.78% | +6.14% |
Volatility (6M)Calculated over the trailing 6-month period | 21.46% | 7.73% | +13.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.94% | 9.31% | +16.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.16% | 11.95% | +17.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.19% | 11.36% | +15.83% |
DRGTX vs. PALAX - Expense Ratio Comparison
DRGTX has a 1.16% expense ratio, which is higher than PALAX's 0.52% expense ratio.
Dividends
DRGTX vs. PALAX - Dividend Comparison
DRGTX's dividend yield for the trailing twelve months is around 2.11%, less than PALAX's 9.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRGTX Virtus Technology Fund | 2.11% | 2.51% | 0.00% | 0.00% | 18.86% | 28.27% | 16.84% | 17.12% | 21.77% | 16.26% | 5.15% | 15.96% |
PALAX Virtus Global Allocation Fund | 9.28% | 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
DRGTX and PALAX 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.
DRGTX has higher volatility (8.92%) compared to PALAX (2.78%). In terms of maximum drawdown, DRGTX dropped -83.33% vs PALAX's -44.59%.
PALAX currently has the higher Sharpe Ratio (1.86 vs 1.19), 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 DRGTX 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