NAINX vs. VIISX

Last updated Jun 23, 2026

NAINX (Virtus Tactical Allocation Fund) and VIISX (Virtus KAR International Small-Mid Cap Fund) are both mutual funds - NAINX is a Diversified Portfolio fund managed by Virtus, while VIISX is a Foreign Small & Mid Cap Equities fund managed by Virtus. Over the past 10 years, NAINX returned 8.23%/yr vs 8.25%/yr for VIISX. A 0.65 correlation means they provide meaningful diversification when combined. NAINX charges 1.00%/yr vs 1.19%/yr for VIISX.

Performance

NAINX vs. VIISX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Tactical Allocation Fund (NAINX) and Virtus KAR International Small-Mid Cap Fund (VIISX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NAINX achieves a 1.83% return, which is significantly higher than VIISX's 1.70% return. Both investments have delivered pretty close results over the past 10 years, with NAINX having a 8.23% annualized return and VIISX not far ahead at 8.25%.

NAINX

• 1D: 0.85%
• 1M: 2.64%
• YTD: 1.83%
• 6M: 1.62%
• 1Y: 3.93%
• 3Y*: 10.07%
• 5Y*: 2.48%
• 10Y*: 8.23%

VIISX

• 1D: 0.24%
• 1M: 1.06%
• YTD: 1.70%
• 6M: 2.55%
• 1Y: -1.62%
• 3Y*: 8.63%
• 5Y*: -0.54%
• 10Y*: 8.25%

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

NAINX vs. VIISX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NAINX Virtus Tactical Allocation Fund	1.83%	6.83%	14.00%	22.38%	-28.48%	6.63%	31.47%	28.49%	-7.19%	19.84%
VIISX Virtus KAR International Small-Mid Cap Fund	1.70%	14.30%	4.06%	22.36%	-34.42%	5.84%	24.38%	27.62%	-6.81%	28.48%

Correlation

The correlation between NAINX and VIISX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.65

The correlation between NAINX and VIISX has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.

Return for Risk

NAINX vs. VIISX — Risk / Return Rank

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

NAINX

NAINX Risk / Return Rank: 5
NAINX Sharpe Ratio Rank: 6
NAINX Sortino Ratio Rank: 5
NAINX Omega Ratio Rank: 5
NAINX Calmar Ratio Rank: 5
NAINX Martin Ratio Rank: 6

VIISX

VIISX Risk / Return Rank: 2
VIISX Sharpe Ratio Rank: 2
VIISX Sortino Ratio Rank: 2
VIISX Omega Ratio Rank: 2
VIISX Calmar Ratio Rank: 2
VIISX Martin Ratio Rank: 2

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.

NAINX vs. VIISX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Tactical Allocation Fund (NAINX) and Virtus KAR International Small-Mid Cap Fund (VIISX). 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	VIISX	Difference
Sharpe ratio: Return per unit of total volatility	0.39	-0.18	+0.57
Sortino ratio: Return per unit of downside risk	0.62	-0.18	+0.79
Omega ratio: Gain probability vs. loss probability	1.07	0.98	+0.09
Calmar ratio: Return relative to maximum drawdown	0.36	-0.16	+0.52
Martin ratio: Return relative to average drawdown	1.18	-0.34	+1.52

NAINX vs. VIISX - Sharpe Ratio Comparison

The current NAINX Sharpe Ratio is 0.39, which is higher than the VIISX Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of NAINX and VIISX, 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

NAINX vs. VIISX - Drawdown Comparison

The maximum NAINX drawdown since its inception was -36.50%, smaller than the maximum VIISX drawdown of -50.31%. Use the drawdown chart below to compare losses from any high point for NAINX and VIISX.

Drawdown Indicators

	NAINX	VIISX	Difference
Max Drawdown Largest peak-to-trough decline	-36.50%	-50.31%	+13.81%
Max Drawdown (1Y) Largest decline over 1 year	-10.19%	-14.94%	+4.75%
Max Drawdown (3Y) Largest decline over 3 years	-11.79%	-15.58%	+3.79%
Max Drawdown (5Y) Largest decline over 5 years	-36.50%	-50.31%	+13.81%
Max Drawdown (10Y) Largest decline over 10 years	-36.50%	-50.31%	+13.81%
Current Drawdown Current decline from peak	-0.48%	-10.46%	+9.98%
Average Drawdown Average peak-to-trough decline	-5.27%	-11.26%	+5.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	6.79%	-3.69%

Volatility

NAINX vs. VIISX - Volatility Comparison

Virtus Tactical Allocation Fund (NAINX) has a higher volatility of 4.05% compared to Virtus KAR International Small-Mid Cap Fund (VIISX) at 3.77%. This indicates that NAINX's price experiences larger fluctuations and is considered to be riskier than VIISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NAINX	VIISX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	3.77%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	7.81%	10.49%	-2.68%
Volatility (1Y) Calculated over the trailing 1-year period	9.40%	12.71%	-3.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.76%	16.24%	-2.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.33%	15.45%	-2.12%

NAINX vs. VIISX - Expense Ratio Comparison

NAINX has a 1.00% expense ratio, which is lower than VIISX's 1.19% expense ratio.

Dividends

NAINX vs. VIISX - Dividend Comparison

NAINX's dividend yield for the trailing twelve months is around 15.76%, more than VIISX's 3.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NAINX Virtus Tactical Allocation Fund	15.76%	15.87%	13.38%	1.94%	7.34%	7.54%	2.06%	2.24%	4.41%	2.61%	10.78%	7.34%
VIISX Virtus KAR International Small-Mid Cap Fund	3.66%	3.72%	1.94%	0.00%	0.00%	8.43%	1.16%	1.98%	1.42%	1.82%	2.75%	3.43%

Frequently Asked Questions

Can I hold both NAINX and VIISX in my portfolio?

NAINX and VIISX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NAINX or VIISX?

NAINX has higher volatility (4.05%) compared to VIISX (3.77%). In terms of maximum drawdown, NAINX dropped -36.50% vs VIISX's -50.31%.

Which has better risk-adjusted returns?

NAINX currently has the higher Sharpe Ratio (0.39 vs -0.18), 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.