MERIX vs. MERFX
Compare and contrast key facts about The Merger Fund Class I (MERIX) and The Merger Fund (MERFX).
MERIX is managed by Virtus Investment Partners. It was launched on Aug 1, 2013. MERFX is managed by Virtus. It was launched on Jan 30, 1989.
Performance
MERIX vs. MERFX - Performance Comparison
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MERIX vs. MERFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MERIX The Merger Fund Class I | 0.59% | 8.41% | 3.54% | 4.51% | 1.01% | 0.10% | 5.14% | 6.32% | 7.98% | 2.74% |
MERFX The Merger Fund | 0.46% | 8.11% | 3.27% | 4.17% | 0.71% | -0.19% | 4.87% | 5.96% | 7.68% | 2.39% |
Returns By Period
In the year-to-date period, MERIX achieves a 0.59% return, which is significantly higher than MERFX's 0.46% return. Over the past 10 years, MERIX has outperformed MERFX with an annualized return of 4.19%, while MERFX has yielded a comparatively lower 3.88% annualized return.
MERIX
- 1D
- 0.06%
- 1M
- 0.06%
- YTD
- 0.59%
- 6M
- 2.05%
- 1Y
- 6.59%
- 3Y*
- 5.63%
- 5Y*
- 3.40%
- 10Y*
- 4.19%
MERFX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.46%
- 6M
- 1.84%
- 1Y
- 6.26%
- 3Y*
- 5.30%
- 5Y*
- 3.09%
- 10Y*
- 3.88%
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MERIX vs. MERFX - Expense Ratio Comparison
MERIX has a 1.32% expense ratio, which is lower than MERFX's 1.50% expense ratio.
Return for Risk
MERIX vs. MERFX — Risk / Return Rank
MERIX
MERFX
MERIX vs. MERFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Merger Fund Class I (MERIX) and The Merger Fund (MERFX). 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.
| MERIX | MERFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.51 | 4.24 | +0.27 |
Sortino ratioReturn per unit of downside risk | 8.79 | 8.05 | +0.73 |
Omega ratioGain probability vs. loss probability | 2.18 | 2.09 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 14.49 | 12.42 | +2.07 |
Martin ratioReturn relative to average drawdown | 63.54 | 58.81 | +4.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MERIX | MERFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.51 | 4.24 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.90 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.09 | 1.03 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.68 | +0.26 |
Correlation
The correlation between MERIX and MERFX is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MERIX vs. MERFX - Dividend Comparison
MERIX's dividend yield for the trailing twelve months is around 7.91%, more than MERFX's 7.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MERIX The Merger Fund Class I | 7.91% | 7.95% | 3.75% | 2.91% | 4.75% | 0.27% | 3.64% | 1.34% | 4.85% | 0.98% | 0.89% | 1.63% |
MERFX The Merger Fund | 7.38% | 7.42% | 3.24% | 2.59% | 3.50% | 0.27% | 3.31% | 1.34% | 4.52% | 0.59% | 0.32% | 1.25% |
Drawdowns
MERIX vs. MERFX - Drawdown Comparison
The maximum MERIX drawdown since its inception was -9.33%, smaller than the maximum MERFX drawdown of -20.82%. Use the drawdown chart below to compare losses from any high point for MERIX and MERFX.
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Drawdown Indicators
| MERIX | MERFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.33% | -20.82% | +11.49% |
Max Drawdown (1Y)Largest decline over 1 year | -0.47% | -0.52% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -5.68% | -5.95% | +0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -9.33% | -9.35% | +0.02% |
Current DrawdownCurrent decline from peak | -0.12% | -0.17% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -2.68% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.11% | 0.00% |
Volatility
MERIX vs. MERFX - Volatility Comparison
The current volatility for The Merger Fund Class I (MERIX) is 0.44%, while The Merger Fund (MERFX) has a volatility of 0.47%. This indicates that MERIX experiences smaller price fluctuations and is considered to be less risky than MERFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MERIX | MERFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 0.47% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 0.95% | 1.00% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.51% | 1.53% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.65% | 3.45% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.86% | 3.76% | +0.10% |