LYRIX vs. SMVTX

Last updated Aug 1, 2026

LYRIX (Lyrical U.S. Value Equity Fund) and SMVTX (Virtus Ceredex Mid-Cap Value Equity Fund) are both Mid Cap Value Equities funds. Over the past 10 years, LYRIX returned 12.14%/yr vs 11.55%/yr for SMVTX. Their correlation of 0.89 means they have usually moved in the same direction. LYRIX charges 1.01%/yr vs 0.99%/yr for SMVTX.

Performance

LYRIX vs. SMVTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lyrical U.S. Value Equity Fund (LYRIX) and Virtus Ceredex Mid-Cap Value Equity Fund (SMVTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with LYRIX having a 16.22% return and SMVTX slightly higher at 16.53%. Both investments have delivered pretty close results over the past 10 years, with LYRIX having a 12.14% annualized return and SMVTX not far behind at 11.55%.

LYRIX

• 1D: 0.18%
• 1M: 2.19%
• 6M: 16.46%
• YTD: 16.22%
• 1Y: 24.84%
• 3Y*: 19.58%
• 5Y*: 11.90%
• 10Y*: 12.14%
• ALL TIME*: 10.54%

SMVTX

• 1D: 1.19%
• 1M: -3.94%
• 6M: 8.69%
• YTD: 16.53%
• 1Y: 29.40%
• 3Y*: 19.22%
• 5Y*: 10.94%
• 10Y*: 11.55%
• ALL TIME*: 10.04%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LYRIX Lyrical U.S. Value Equity Fund	$0.00	$0.00	$0.00
SMVTX Virtus Ceredex Mid-Cap Value Equity Fund	$0.00	$0.00	$0.00

LYRIX vs. SMVTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LYRIX Lyrical U.S. Value Equity Fund	16.22%	17.86%	13.12%	27.62%	-17.33%	30.11%	8.64%	26.72%	-19.74%	21.39%
SMVTX Virtus Ceredex Mid-Cap Value Equity Fund	16.53%	17.58%	18.93%	10.94%	-13.89%	29.15%	-1.19%	33.14%	-8.01%	11.69%

Correlation

The correlation between LYRIX and SMVTX is 0.74, 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.	0.74
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.89

The correlation between LYRIX and SMVTX shifts across timeframes, from 0.74 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LYRIX vs. SMVTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LYRIX

LYRIX Risk / Return Rank: 51
LYRIX Sharpe Ratio Rank: 52
LYRIX Sortino Ratio Rank: 51
LYRIX Omega Ratio Rank: 50
LYRIX Calmar Ratio Rank: 52
LYRIX Martin Ratio Rank: 50

SMVTX

SMVTX Risk / Return Rank: 76
SMVTX Sharpe Ratio Rank: 70
SMVTX Sortino Ratio Rank: 69
SMVTX Omega Ratio Rank: 64
SMVTX Calmar Ratio Rank: 89
SMVTX Martin Ratio Rank: 86

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LYRIX vs. SMVTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyrical U.S. Value Equity Fund (LYRIX) and Virtus Ceredex Mid-Cap Value Equity Fund (SMVTX). 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.

	LYRIX	SMVTX	Difference
Sharpe ratio: Return per unit of total volatility	1.39	1.63	-0.24
Sortino ratio: Return per unit of downside risk	1.99	2.34	-0.35
Omega ratio: Gain probability vs. loss probability	1.25	1.28	-0.03
Calmar ratio: Return relative to maximum drawdown	1.93	3.31	-1.38
Martin ratio: Return relative to average drawdown	7.03	10.95	-3.93

LYRIX vs. SMVTX - Sharpe Ratio Comparison

The current LYRIX Sharpe Ratio is 1.39, which is comparable to the SMVTX Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of LYRIX and SMVTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LYRIX vs. SMVTX - Drawdown Comparison

The maximum LYRIX drawdown since its inception was -53.90%, roughly equal to the maximum SMVTX drawdown of -54.72%. Use the drawdown chart below to compare losses from any high point for LYRIX and SMVTX.

Drawdown Indicators

	LYRIX	SMVTX	Difference
Max Drawdown Largest peak-to-trough decline	-53.90%	-54.72%	+0.82%
Max Drawdown (1Y) Largest decline over 1 year	-12.20%	-8.10%	-4.10%
Max Drawdown (3Y) Largest decline over 3 years	-19.60%	-24.75%	+5.15%
Max Drawdown (5Y) Largest decline over 5 years	-27.51%	-25.44%	-2.07%
Max Drawdown (10Y) Largest decline over 10 years	-53.90%	-45.45%	-8.45%
Current Drawdown Current decline from peak	-0.95%	-7.01%	+6.06%
Average Drawdown Average peak-to-trough decline	-7.73%	-8.20%	+0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	2.45%	+0.89%

Volatility

LYRIX vs. SMVTX - Volatility Comparison

Lyrical U.S. Value Equity Fund (LYRIX) and Virtus Ceredex Mid-Cap Value Equity Fund (SMVTX) have volatilities of 4.07% and 4.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LYRIX	SMVTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.07%	4.12%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	13.26%	12.77%	+0.49%
Volatility (1Y) Calculated over the trailing 1-year period	16.96%	16.44%	+0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.19%	20.55%	-0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.99%	20.60%	+3.39%

LYRIX vs. SMVTX - Expense Ratio Comparison

LYRIX has a 1.01% expense ratio, which is higher than SMVTX's 0.99% expense ratio.

Dividends

LYRIX vs. SMVTX - Dividend Comparison

LYRIX's dividend yield for the trailing twelve months is around 4.58%, less than SMVTX's 14.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LYRIX Lyrical U.S. Value Equity Fund	4.58%	5.32%	0.43%	0.44%	5.60%	0.13%	0.77%	5.22%	10.50%	6.98%	3.00%	2.78%
SMVTX Virtus Ceredex Mid-Cap Value Equity Fund	14.98%	16.44%	15.96%	1.16%	6.75%	18.53%	2.52%	5.82%	14.47%	20.86%	3.61%	7.05%

Frequently Asked Questions

Can I hold both LYRIX and SMVTX in my portfolio?

LYRIX and SMVTX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LYRIX or SMVTX?

SMVTX has higher volatility (4.12%) compared to LYRIX (4.07%). In terms of maximum drawdown, LYRIX dropped -53.90% vs SMVTX's -54.72%.

Which has better risk-adjusted returns?

SMVTX currently has the higher Sharpe Ratio (1.63 vs 1.39), 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.