HXBIX vs. PXSGX
HXBIX (Virtus Newfleet Tax-Exempt Bond Fund) and PXSGX (Virtus KAR Small-Cap Growth Fund) are both mutual funds - HXBIX is a Municipal Bonds fund managed by Virtus, while PXSGX is a Small Cap Growth Equities fund managed by Virtus. Over the past 10 years, HXBIX returned 1.62%/yr vs 10.21%/yr for PXSGX. At a correlation of -0.09, they often move in opposite directions. HXBIX charges 0.60%/yr vs 1.07%/yr for PXSGX.
Performance
HXBIX vs. PXSGX - Performance Comparison
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Returns By Period
In the year-to-date period, HXBIX achieves a 1.09% return, which is significantly higher than PXSGX's -3.24% return. Over the past 10 years, HXBIX has underperformed PXSGX with an annualized return of 1.62%, while PXSGX has yielded a comparatively higher 10.21% annualized return.
HXBIX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.60%
- YTD
- 1.09%
- 1Y
- 5.43%
- 3Y*
- 2.97%
- 5Y*
- 0.45%
- 10Y*
- 1.62%
PXSGX
- 1D
- 0.24%
- 1M
- 4.23%
- 6M
- -8.77%
- YTD
- -3.24%
- 1Y
- -18.70%
- 3Y*
- -1.28%
- 5Y*
- -5.04%
- 10Y*
- 10.21%
HXBIX vs. PXSGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HXBIX Virtus Newfleet Tax-Exempt Bond Fund | 1.09% | 4.22% | 0.71% | 4.72% | -7.76% | 0.72% | 4.27% | 6.81% | 0.59% | 4.69% |
PXSGX Virtus KAR Small-Cap Growth Fund | -3.24% | -22.97% | 21.11% | 20.27% | -30.04% | 4.47% | 43.46% | 40.26% | 9.05% | 36.99% |
Correlation
The correlation between HXBIX and PXSGX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2006 | -0.09 |
The correlation between HXBIX and PXSGX shifts across timeframes, from -0.09 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HXBIX vs. PXSGX — Risk / Return Rank
HXBIX
PXSGX
HXBIX vs. PXSGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Tax-Exempt Bond Fund (HXBIX) and Virtus KAR Small-Cap Growth Fund (PXSGX). 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.
| HXBIX | PXSGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.55 | ||
| Sortino ratioReturn per unit of downside risk | +5.36 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 0.84 | +0.82 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | -0.71 | +3.01 |
| Martin ratioReturn relative to average drawdown | 7.65 | -1.17 | +8.81 |
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Drawdowns
HXBIX vs. PXSGX - Drawdown Comparison
The maximum HXBIX drawdown since its inception was -13.93%, smaller than the maximum PXSGX drawdown of -53.72%. Use the drawdown chart below to compare losses from any high point for HXBIX and PXSGX.
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Drawdown Indicators
| HXBIX | PXSGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.93% | -53.72% | +39.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -28.07% | +25.49% |
Max Drawdown (3Y)Largest decline over 3 years | -4.30% | -42.49% | +38.19% |
Max Drawdown (5Y)Largest decline over 5 years | -11.98% | -42.49% | +30.51% |
Max Drawdown (10Y)Largest decline over 10 years | -11.98% | -42.49% | +30.51% |
Current DrawdownCurrent decline from peak | -0.72% | -36.16% | +35.44% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -11.88% | +10.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 17.07% | -16.30% |
Volatility
HXBIX vs. PXSGX - Volatility Comparison
The current volatility for Virtus Newfleet Tax-Exempt Bond Fund (HXBIX) is 1.34%, while Virtus KAR Small-Cap Growth Fund (PXSGX) has a volatility of 5.35%. This indicates that HXBIX experiences smaller price fluctuations and is considered to be less risky than PXSGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HXBIX | PXSGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 5.35% | -4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.99% | 13.33% | -11.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.39% | 18.81% | -16.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.07% | 24.85% | -21.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.29% | 22.57% | -19.28% |
HXBIX vs. PXSGX - Expense Ratio Comparison
HXBIX has a 0.60% expense ratio, which is lower than PXSGX's 1.07% expense ratio.
Dividends
HXBIX vs. PXSGX - Dividend Comparison
HXBIX's dividend yield for the trailing twelve months is around 3.51%, less than PXSGX's 49.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HXBIX Virtus Newfleet Tax-Exempt Bond Fund | 3.51% | 3.01% | 2.47% | 2.61% | 2.58% | 2.05% | 2.93% | 2.60% | 3.41% | 3.51% | 2.78% | 2.87% |
PXSGX Virtus KAR Small-Cap Growth Fund | 49.51% | 47.91% | 20.72% | 5.31% | 17.32% | 14.31% | 9.64% | 1.52% | 2.31% | 0.00% | 2.69% | 2.99% |
Frequently Asked Questions
HXBIX and PXSGX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PXSGX has higher volatility (5.35%) compared to HXBIX (1.34%). In terms of maximum drawdown, HXBIX dropped -13.93% vs PXSGX's -53.72%.
HXBIX currently has the higher Sharpe Ratio (2.49 vs -1.06), 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.
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