HIBIX vs. GPICX

Last updated Jun 5, 2026

HIBIX (Virtus Newfleet Low Duration Core Plus Bond Fund) and GPICX (GuidepathConservative Income Fund) are both Short-Term Bond funds. Over the past 5 years, HIBIX returned 2.79%/yr vs 2.40%/yr for GPICX. At a 0.37 correlation, their price movements are largely independent. HIBIX charges 0.50%/yr vs 0.75%/yr for GPICX.

Performance

HIBIX vs. GPICX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Newfleet Low Duration Core Plus Bond Fund (HIBIX) and GuidepathConservative Income Fund (GPICX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HIBIX achieves a 1.20% return, which is significantly higher than GPICX's 0.99% return.

HIBIX

• 1D: 0.00%
• 1M: 0.29%
• YTD: 1.20%
• 6M: 1.60%
• 1Y: 4.75%
• 3Y*: 5.67%
• 5Y*: 2.79%
• 10Y*: 2.75%

GPICX

• 1D: 0.00%
• 1M: 0.14%
• YTD: 0.99%
• 6M: 1.28%
• 1Y: 3.32%
• 3Y*: 4.09%
• 5Y*: 2.40%
• 10Y*: —

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

HIBIX vs. GPICX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HIBIX Virtus Newfleet Low Duration Core Plus Bond Fund	1.20%	6.12%	5.61%	6.57%	-4.85%	-0.11%	4.05%	5.45%	1.19%
GPICX GuidepathConservative Income Fund	0.99%	3.49%	4.73%	4.87%	-1.67%	0.08%	-0.23%	2.30%	0.80%

Correlation

The correlation between HIBIX and GPICX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jun 21, 2018	0.37

The correlation between HIBIX and GPICX shifts across timeframes, from 0.26 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

HIBIX vs. GPICX — Risk / Return Rank

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

HIBIX

HIBIX Risk / Return Rank: 91
HIBIX Sharpe Ratio Rank: 83
HIBIX Sortino Ratio Rank: 96
HIBIX Omega Ratio Rank: 94
HIBIX Calmar Ratio Rank: 90
HIBIX Martin Ratio Rank: 92

GPICX

GPICX Risk / Return Rank: 99
GPICX Sharpe Ratio Rank: 99
GPICX Sortino Ratio Rank: 99
GPICX Omega Ratio Rank: 99
GPICX Calmar Ratio Rank: 99
GPICX Martin Ratio Rank: 99

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.

HIBIX vs. GPICX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Low Duration Core Plus Bond Fund (HIBIX) and GuidepathConservative Income Fund (GPICX). 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.

	HIBIX	GPICX	Difference
Sharpe ratio: Return per unit of total volatility	2.69	4.17	-1.48
Sortino ratio: Return per unit of downside risk	5.49	7.91	-2.43
Omega ratio: Gain probability vs. loss probability	1.74	2.84	-1.10
Calmar ratio: Return relative to maximum drawdown	4.46	13.88	-9.42
Martin ratio: Return relative to average drawdown	18.78	69.49	-50.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIBIX vs. GPICX - Sharpe Ratio Comparison

The current HIBIX Sharpe Ratio is 2.69, which is lower than the GPICX Sharpe Ratio of 4.17. The chart below compares the historical Sharpe Ratios of HIBIX and GPICX, 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

	HIBIX	GPICX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.69	4.17	-1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.27	2.19	-0.92
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.41	1.80	-0.39

Drawdowns

HIBIX vs. GPICX - Drawdown Comparison

The maximum HIBIX drawdown since its inception was -8.57%, which is greater than GPICX's maximum drawdown of -3.10%. Use the drawdown chart below to compare losses from any high point for HIBIX and GPICX.

Drawdown Indicators

	HIBIX	GPICX	Difference
Max Drawdown Largest peak-to-trough decline	-8.57%	-3.10%	-5.47%
Max Drawdown (1Y) Largest decline over 1 year	-1.11%	-0.25%	-0.86%
Max Drawdown (3Y) Largest decline over 3 years	-1.12%	-0.52%	-0.60%
Max Drawdown (5Y) Largest decline over 5 years	-7.11%	-2.79%	-4.32%
Max Drawdown (10Y) Largest decline over 10 years	-8.57%	—	—
Current Drawdown Current decline from peak	-0.09%	0.00%	-0.09%
Average Drawdown Average peak-to-trough decline	-0.80%	-0.56%	-0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.26%	0.05%	+0.21%

Volatility

HIBIX vs. GPICX - Volatility Comparison

Virtus Newfleet Low Duration Core Plus Bond Fund (HIBIX) has a higher volatility of 0.62% compared to GuidepathConservative Income Fund (GPICX) at 0.27%. This indicates that HIBIX's price experiences larger fluctuations and is considered to be riskier than GPICX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIBIX	GPICX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.62%	0.27%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	1.37%	0.62%	+0.75%
Volatility (1Y) Calculated over the trailing 1-year period	1.84%	0.83%	+1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.20%	1.10%	+1.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.12%	1.06%	+1.06%

HIBIX vs. GPICX - Expense Ratio Comparison

HIBIX has a 0.50% expense ratio, which is lower than GPICX's 0.75% expense ratio.

Dividends

HIBIX vs. GPICX - Dividend Comparison

HIBIX's dividend yield for the trailing twelve months is around 4.55%, more than GPICX's 3.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GPICX GuidepathConservative Income Fund	3.80%	3.86%	4.53%	4.23%	1.51%	0.48%	0.57%	1.67%	1.30%	0.00%	0.00%	0.00%
HIBIX Virtus Newfleet Low Duration Core Plus Bond Fund	4.55%	4.60%	3.72%	3.28%	2.11%	1.27%	2.28%	2.86%	2.74%	2.23%	2.10%	2.28%

Frequently Asked Questions

Can I hold both HIBIX and GPICX in my portfolio?

HIBIX and GPICX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HIBIX or GPICX?

HIBIX has higher volatility (0.62%) compared to GPICX (0.27%). In terms of maximum drawdown, HIBIX dropped -8.57% vs GPICX's -3.10%.

Which has better risk-adjusted returns?

GPICX currently has the higher Sharpe Ratio (4.17 vs 2.69), 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.