NAINX vs. ^GSPC
NAINX (Virtus Tactical Allocation Fund) is Diversified Portfolio fund managed by Virtus, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, NAINX returned 7.72%/yr vs 13.29%/yr for ^GSPC. Their correlation of 0.86 means they have usually moved in the same direction.
Performance
NAINX vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, NAINX achieves a 0.06% return, which is significantly lower than ^GSPC's 11.03% return. Over the past 10 years, NAINX has underperformed ^GSPC with an annualized return of 7.72%, while ^GSPC has yielded a comparatively higher 13.29% annualized return.
NAINX
- 1D
- 0.10%
- 1M
- -1.73%
- 6M
- -0.45%
- YTD
- 0.06%
- 1Y
- 0.21%
- 3Y*
- 8.35%
- 5Y*
- 1.49%
- 10Y*
- 7.72%
- ALL TIME*
- 6.70%
^GSPC
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | $38.00T | $37.50T | $41.55T |
| $0.00 | $0.00 | $0.00 |
NAINX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAINX Virtus Tactical Allocation Fund | 0.06% | 6.83% | 14.00% | 22.38% | -28.48% | 6.63% | 31.47% | 28.49% | -7.19% | 19.84% |
^GSPC S&P 500 Index | 11.03% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between NAINX and ^GSPC is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1980 | 0.86 |
The correlation between NAINX and ^GSPC has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.
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Return for Risk
NAINX vs. ^GSPC — Risk / Return Rank
NAINX
^GSPC
NAINX vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Tactical Allocation Fund (NAINX) and S&P 500 Index (^GSPC). 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.
| NAINX | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.31 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.41 | -2.46 |
| Martin ratioReturn relative to average drawdown | -0.16 | 10.22 | -10.38 |
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Drawdowns
NAINX vs. ^GSPC - Drawdown Comparison
The maximum NAINX drawdown since its inception was -36.50%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for NAINX and ^GSPC.
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Drawdown Indicators
| NAINX | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.50% | -56.78% | +20.28% |
Max Drawdown (1Y)Largest decline over 1 year | -10.19% | -9.10% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -11.79% | -18.90% | +7.11% |
Max Drawdown (5Y)Largest decline over 5 years | -36.50% | -25.43% | -11.07% |
Max Drawdown (10Y)Largest decline over 10 years | -36.50% | -33.92% | -2.58% |
Current DrawdownCurrent decline from peak | -2.20% | -0.12% | -2.08% |
Average DrawdownAverage peak-to-trough decline | -5.26% | -10.70% | +5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.14% | +0.99% |
Volatility
NAINX vs. ^GSPC - Volatility Comparison
The current volatility for Virtus Tactical Allocation Fund (NAINX) is 2.39%, while S&P 500 Index (^GSPC) has a volatility of 3.80%. This indicates that NAINX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAINX | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 3.80% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.97% | 10.20% | -2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.64% | 12.86% | -3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.78% | 17.02% | -3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.30% | 18.08% | -4.78% |
Frequently Asked Questions
NAINX and ^GSPC have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^GSPC has higher volatility (3.80%) compared to NAINX (2.39%). In terms of maximum drawdown, NAINX dropped -36.50% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.71 vs -0.05), 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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