MSVVX vs. AZBIX

Last updated Jun 4, 2026

MSVVX (Mesirow Small Company Sustainability Fund) and AZBIX (Virtus Small-Cap Fund) are both Small Cap Blend Equities funds. Over the past 5 years, MSVVX returned 6.65%/yr vs 8.33%/yr for AZBIX. Their correlation of 0.90 suggests significant overlap in exposure. MSVVX charges 3.06%/yr vs 0.89%/yr for AZBIX.

Performance

MSVVX vs. AZBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mesirow Small Company Sustainability Fund (MSVVX) and Virtus Small-Cap Fund (AZBIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSVVX achieves a 4.38% return, which is significantly lower than AZBIX's 18.19% return.

MSVVX

• 1D: -0.38%
• 1M: 2.75%
• YTD: 4.38%
• 6M: 3.80%
• 1Y: 17.58%
• 3Y*: 11.45%
• 5Y*: 6.65%
• 10Y*: —

AZBIX

• 1D: 1.46%
• 1M: 4.03%
• YTD: 18.19%
• 6M: 17.67%
• 1Y: 33.37%
• 3Y*: 18.23%
• 5Y*: 8.33%
• 10Y*: 11.87%

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

MSVVX vs. AZBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MSVVX Mesirow Small Company Sustainability Fund	4.38%	8.85%	13.89%	12.04%	-5.18%	26.12%	7.06%	22.95%	-2.26%
AZBIX Virtus Small-Cap Fund	18.19%	8.49%	19.06%	14.09%	-18.04%	18.92%	16.98%	24.13%	-0.31%

Correlation

The correlation between MSVVX and AZBIX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Dec 20, 2018	0.90

The correlation between MSVVX and AZBIX has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.

Return for Risk

MSVVX vs. AZBIX — Risk / Return Rank

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

MSVVX

MSVVX Risk / Return Rank: 16
MSVVX Sharpe Ratio Rank: 16
MSVVX Sortino Ratio Rank: 17
MSVVX Omega Ratio Rank: 15
MSVVX Calmar Ratio Rank: 16
MSVVX Martin Ratio Rank: 17

AZBIX

AZBIX Risk / Return Rank: 59
AZBIX Sharpe Ratio Rank: 51
AZBIX Sortino Ratio Rank: 50
AZBIX Omega Ratio Rank: 44
AZBIX Calmar Ratio Rank: 81
AZBIX Martin Ratio Rank: 68

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.

MSVVX vs. AZBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mesirow Small Company Sustainability Fund (MSVVX) and Virtus Small-Cap Fund (AZBIX). 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.

	MSVVX	AZBIX	Difference
Sharpe ratio Return per unit of total volatility	1.12	2.09	-0.97
Sortino ratio Return per unit of downside risk	1.73	2.98	-1.25
Omega ratio Gain probability vs. loss probability	1.20	1.36	-0.16
Calmar ratio Return relative to maximum drawdown	1.43	3.74	-2.32
Martin ratio Return relative to average drawdown	4.65	13.11	-8.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSVVX vs. AZBIX - Sharpe Ratio Comparison

The current MSVVX Sharpe Ratio is 1.12, which is lower than the AZBIX Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of MSVVX and AZBIX, 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

	MSVVX	AZBIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.12	2.09	-0.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.41	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.55	-0.07

Drawdowns

MSVVX vs. AZBIX - Drawdown Comparison

The maximum MSVVX drawdown since its inception was -43.18%, which is greater than AZBIX's maximum drawdown of -40.80%. Use the drawdown chart below to compare losses from any high point for MSVVX and AZBIX.

Drawdown Indicators

	MSVVX	AZBIX	Difference
Max Drawdown Largest peak-to-trough decline	-43.18%	-40.80%	-2.38%
Max Drawdown (1Y) Largest decline over 1 year	-13.36%	-9.33%	-4.03%
Max Drawdown (3Y) Largest decline over 3 years	-24.20%	-29.01%	+4.81%
Max Drawdown (5Y) Largest decline over 5 years	-24.20%	-29.85%	+5.65%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.80%	—
Current Drawdown Current decline from peak	-2.78%	0.00%	-2.78%
Average Drawdown Average peak-to-trough decline	-6.43%	-7.71%	+1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.09%	2.66%	+1.43%

Volatility

MSVVX vs. AZBIX - Volatility Comparison

The current volatility for Mesirow Small Company Sustainability Fund (MSVVX) is 4.31%, while Virtus Small-Cap Fund (AZBIX) has a volatility of 4.98%. This indicates that MSVVX experiences smaller price fluctuations and is considered to be less risky than AZBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSVVX	AZBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	4.98%	-0.67%
Volatility (6M) Calculated over the trailing 6-month period	11.99%	12.17%	-0.18%
Volatility (1Y) Calculated over the trailing 1-year period	16.94%	16.69%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.15%	20.50%	-0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.06%	21.36%	+2.70%

MSVVX vs. AZBIX - Expense Ratio Comparison

MSVVX has a 3.06% expense ratio, which is higher than AZBIX's 0.89% expense ratio.

Dividends

MSVVX vs. AZBIX - Dividend Comparison

MSVVX's dividend yield for the trailing twelve months is around 163.63%, more than AZBIX's 4.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AZBIX Virtus Small-Cap Fund	4.15%	4.90%	10.82%	2.31%	4.78%	13.82%	0.45%	0.38%	9.62%	13.80%	0.03%	3.59%
MSVVX Mesirow Small Company Sustainability Fund	163.63%	170.80%	7.98%	4.49%	2.89%	23.76%	0.44%	7.93%	0.45%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSVVX and AZBIX in my portfolio?

MSVVX and AZBIX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSVVX or AZBIX?

AZBIX has higher volatility (4.98%) compared to MSVVX (4.31%). In terms of maximum drawdown, MSVVX dropped -43.18% vs AZBIX's -40.80%.

Which has better risk-adjusted returns?

AZBIX currently has the higher Sharpe Ratio (2.09 vs 1.12), 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.