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MUHLX vs. PDIAX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

MUHLX vs. PDIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Muhlenkamp Fund (MUHLX) and Virtus KAR Equity Income Fund (PDIAX). The values are adjusted to include any dividend payments, if applicable.

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MUHLX vs. PDIAX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
MUHLX
Muhlenkamp Fund
6.53%17.82%3.38%13.92%2.89%28.98%11.96%14.39%-13.29%18.78%
PDIAX
Virtus KAR Equity Income Fund
1.27%13.45%9.10%1.08%-2.58%17.04%14.51%28.11%-12.69%22.45%

Returns By Period

In the year-to-date period, MUHLX achieves a 6.53% return, which is significantly higher than PDIAX's 1.27% return. Over the past 10 years, MUHLX has outperformed PDIAX with an annualized return of 10.41%, while PDIAX has yielded a comparatively lower 9.54% annualized return.


MUHLX

1D
-0.61%
1M
-7.88%
YTD
6.53%
6M
7.77%
1Y
20.06%
3Y*
13.50%
5Y*
11.73%
10Y*
10.41%

PDIAX

1D
0.14%
1M
-6.09%
YTD
1.27%
6M
0.93%
1Y
11.90%
3Y*
8.66%
5Y*
6.17%
10Y*
9.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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MUHLX vs. PDIAX - Expense Ratio Comparison

MUHLX has a 1.14% expense ratio, which is lower than PDIAX's 1.20% expense ratio.


Return for Risk

MUHLX vs. PDIAX — Risk / Return Rank

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

MUHLX
MUHLX Risk / Return Rank: 7373
Overall Rank
MUHLX Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
MUHLX Sortino Ratio Rank: 7272
Sortino Ratio Rank
MUHLX Omega Ratio Rank: 6767
Omega Ratio Rank
MUHLX Calmar Ratio Rank: 8181
Calmar Ratio Rank
MUHLX Martin Ratio Rank: 7474
Martin Ratio Rank

PDIAX
PDIAX Risk / Return Rank: 5858
Overall Rank
PDIAX Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
PDIAX Sortino Ratio Rank: 5757
Sortino Ratio Rank
PDIAX Omega Ratio Rank: 5656
Omega Ratio Rank
PDIAX Calmar Ratio Rank: 5252
Calmar Ratio Rank
PDIAX Martin Ratio Rank: 6868
Martin Ratio Rank
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.

MUHLX vs. PDIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Muhlenkamp Fund (MUHLX) and Virtus KAR Equity Income Fund (PDIAX). 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.


MUHLXPDIAXDifference

Sharpe ratio

Return per unit of total volatility

1.28

1.01

+0.27

Sortino ratio

Return per unit of downside risk

1.79

1.51

+0.28

Omega ratio

Gain probability vs. loss probability

1.25

1.22

+0.03

Calmar ratio

Return relative to maximum drawdown

1.94

1.25

+0.69

Martin ratio

Return relative to average drawdown

7.09

6.48

+0.61

MUHLX vs. PDIAX - Sharpe Ratio Comparison

The current MUHLX Sharpe Ratio is 1.28, which is comparable to the PDIAX Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of MUHLX and PDIAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


MUHLXPDIAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.28

1.01

+0.27

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.80

0.48

+0.32

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.61

0.57

+0.05

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.40

+0.11

Correlation

The correlation between MUHLX and PDIAX is 0.86, 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

MUHLX vs. PDIAX - Dividend Comparison

MUHLX's dividend yield for the trailing twelve months is around 3.13%, less than PDIAX's 6.80% yield.


TTM20252024202320222021202020192018201720162015
MUHLX
Muhlenkamp Fund
3.13%3.34%0.58%0.89%6.80%7.77%10.28%1.26%14.70%4.30%0.00%11.02%
PDIAX
Virtus KAR Equity Income Fund
6.80%6.52%2.88%2.71%5.83%4.16%35.18%0.95%1.20%15.53%3.60%19.74%

Drawdowns

MUHLX vs. PDIAX - Drawdown Comparison

The maximum MUHLX drawdown since its inception was -62.05%, which is greater than PDIAX's maximum drawdown of -53.27%. Use the drawdown chart below to compare losses from any high point for MUHLX and PDIAX.


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Drawdown Indicators


MUHLXPDIAXDifference

Max Drawdown

Largest peak-to-trough decline

-62.05%

-53.27%

-8.78%

Max Drawdown (1Y)

Largest decline over 1 year

-10.23%

-9.70%

-0.53%

Max Drawdown (5Y)

Largest decline over 5 years

-18.63%

-16.21%

-2.42%

Max Drawdown (10Y)

Largest decline over 10 years

-40.85%

-35.26%

-5.59%

Current Drawdown

Current decline from peak

-7.88%

-6.09%

-1.79%

Average Drawdown

Average peak-to-trough decline

-10.81%

-8.42%

-2.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.81%

1.87%

+0.94%

Volatility

MUHLX vs. PDIAX - Volatility Comparison

Muhlenkamp Fund (MUHLX) has a higher volatility of 5.35% compared to Virtus KAR Equity Income Fund (PDIAX) at 3.34%. This indicates that MUHLX's price experiences larger fluctuations and is considered to be riskier than PDIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


MUHLXPDIAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.35%

3.34%

+2.01%

Volatility (6M)

Calculated over the trailing 6-month period

11.84%

6.45%

+5.39%

Volatility (1Y)

Calculated over the trailing 1-year period

16.73%

13.01%

+3.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.73%

12.98%

+1.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.02%

16.91%

+0.11%