NAMFX vs. MOFIX

Last updated Jun 23, 2026

NAMFX (Virtus Newfleet Multi-Sector Intermediate Bond Fund) and MOFIX (Mercer Opportunistic Fixed Income Fund) are both Multisector Bonds funds. Over the past 5 years, NAMFX returned 2.46%/yr vs 1.55%/yr for MOFIX. A 0.68 correlation means they provide meaningful diversification when combined. NAMFX charges 1.00%/yr vs 0.44%/yr for MOFIX.

Performance

NAMFX vs. MOFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Newfleet Multi-Sector Intermediate Bond Fund (NAMFX) and Mercer Opportunistic Fixed Income Fund (MOFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NAMFX achieves a 1.59% return, which is significantly higher than MOFIX's -1.06% return.

NAMFX

• 1D: 0.11%
• 1M: 0.99%
• YTD: 1.59%
• 6M: 2.05%
• 1Y: 6.91%
• 3Y*: 6.34%
• 5Y*: 2.46%
• 10Y*: 3.70%

MOFIX

• 1D: 0.00%
• 1M: 0.60%
• YTD: -1.06%
• 6M: -0.40%
• 1Y: 2.98%
• 3Y*: 5.16%
• 5Y*: 1.55%
• 10Y*: —

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

NAMFX vs. MOFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
NAMFX Virtus Newfleet Multi-Sector Intermediate Bond Fund	1.59%	7.83%	4.55%	8.35%	-9.55%	0.98%	5.92%	5.46%
MOFIX Mercer Opportunistic Fixed Income Fund	-1.06%	8.60%	2.23%	12.22%	-11.57%	-1.15%	5.31%	3.18%

Correlation

The correlation between NAMFX and MOFIX is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Apr 16, 2019	0.68

The correlation between NAMFX and MOFIX has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.

Return for Risk

NAMFX vs. MOFIX — Risk / Return Rank

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

NAMFX

NAMFX Risk / Return Rank: 70
NAMFX Sharpe Ratio Rank: 69
NAMFX Sortino Ratio Rank: 83
NAMFX Omega Ratio Rank: 79
NAMFX Calmar Ratio Rank: 54
NAMFX Martin Ratio Rank: 64

MOFIX

MOFIX Risk / Return Rank: 15
MOFIX Sharpe Ratio Rank: 17
MOFIX Sortino Ratio Rank: 18
MOFIX Omega Ratio Rank: 20
MOFIX Calmar Ratio Rank: 10
MOFIX Martin Ratio Rank: 10

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.

NAMFX vs. MOFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Multi-Sector Intermediate Bond Fund (NAMFX) and Mercer Opportunistic Fixed Income Fund (MOFIX). 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.

	NAMFX	MOFIX	Difference
Sharpe ratio: Return per unit of total volatility	2.22	1.11	+1.11
Sortino ratio: Return per unit of downside risk	3.61	1.66	+1.95
Omega ratio: Gain probability vs. loss probability	1.48	1.22	+0.26
Calmar ratio: Return relative to maximum drawdown	2.70	0.95	+1.75
Martin ratio: Return relative to average drawdown	11.81	2.81	+9.00

NAMFX vs. MOFIX - Sharpe Ratio Comparison

The current NAMFX Sharpe Ratio is 2.22, which is higher than the MOFIX Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of NAMFX and MOFIX, 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

NAMFX vs. MOFIX - Drawdown Comparison

The maximum NAMFX drawdown since its inception was -26.56%, which is greater than MOFIX's maximum drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for NAMFX and MOFIX.

Drawdown Indicators

	NAMFX	MOFIX	Difference
Max Drawdown Largest peak-to-trough decline	-26.56%	-19.96%	-6.60%
Max Drawdown (1Y) Largest decline over 1 year	-2.57%	-3.52%	+0.95%
Max Drawdown (3Y) Largest decline over 3 years	-3.66%	-8.02%	+4.36%
Max Drawdown (5Y) Largest decline over 5 years	-13.48%	-19.00%	+5.52%
Max Drawdown (10Y) Largest decline over 10 years	-17.16%	—	—
Current Drawdown Current decline from peak	-0.22%	-1.53%	+1.31%
Average Drawdown Average peak-to-trough decline	-2.53%	-5.15%	+2.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.59%	1.13%	-0.54%

Volatility

NAMFX vs. MOFIX - Volatility Comparison

Virtus Newfleet Multi-Sector Intermediate Bond Fund (NAMFX) has a higher volatility of 1.09% compared to Mercer Opportunistic Fixed Income Fund (MOFIX) at 0.81%. This indicates that NAMFX's price experiences larger fluctuations and is considered to be riskier than MOFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NAMFX	MOFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.09%	0.81%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	2.52%	2.40%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	3.12%	3.01%	+0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.79%	7.26%	-3.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.01%	7.16%	-3.15%

NAMFX vs. MOFIX - Expense Ratio Comparison

NAMFX has a 1.00% expense ratio, which is higher than MOFIX's 0.44% expense ratio.

Dividends

NAMFX vs. MOFIX - Dividend Comparison

NAMFX's dividend yield for the trailing twelve months is around 5.26%, more than MOFIX's 3.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOFIX Mercer Opportunistic Fixed Income Fund	3.36%	3.32%	6.91%	6.44%	3.81%	4.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NAMFX Virtus Newfleet Multi-Sector Intermediate Bond Fund	5.26%	5.51%	5.11%	4.57%	4.49%	2.93%	3.53%	4.10%	4.54%	4.30%	4.23%	4.71%

Frequently Asked Questions

Can I hold both NAMFX and MOFIX in my portfolio?

NAMFX and MOFIX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NAMFX or MOFIX?

NAMFX has higher volatility (1.09%) compared to MOFIX (0.81%). In terms of maximum drawdown, NAMFX dropped -26.56% vs MOFIX's -19.96%.

Which has better risk-adjusted returns?

NAMFX currently has the higher Sharpe Ratio (2.22 vs 1.11), 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.