NAMFX vs. MUNI
Compare and contrast key facts about Virtus Newfleet Multi-Sector Intermediate Bond Fund (NAMFX) and PIMCO Intermediate Municipal Bond Active ETF (MUNI).
NAMFX is managed by Virtus. It was launched on Dec 14, 1989. MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NAMFX or MUNI.
Key characteristics
| NAMFX | MUNI | |
|---|---|---|
| YTD Return | 6.13% | 2.52% |
| 1Y Return | 11.54% | 8.24% |
| 3Y Return (Ann) | 1.30% | 0.59% |
| 5Y Return (Ann) | 2.73% | 1.65% |
| 10Y Return (Ann) | 3.05% | 2.37% |
| Sharpe Ratio | 2.89 | 2.43 |
| Daily Std Dev | 3.99% | 3.38% |
| Max Drawdown | -26.56% | -11.15% |
| Current Drawdown | -0.11% | 0.00% |
Correlation
The correlation between NAMFX and MUNI is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NAMFX vs. MUNI - Performance Comparison
In the year-to-date period, NAMFX achieves a 6.13% return, which is significantly higher than MUNI's 2.52% return. Over the past 10 years, NAMFX has outperformed MUNI with an annualized return of 3.05%, while MUNI has yielded a comparatively lower 2.37% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NAMFX vs. MUNI - Expense Ratio Comparison
NAMFX has a 1.00% expense ratio, which is higher than MUNI's 0.35% expense ratio.
Risk-Adjusted Performance
NAMFX vs. MUNI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Multi-Sector Intermediate Bond Fund (NAMFX) and PIMCO Intermediate Municipal Bond Active ETF (MUNI). 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.
Dividends
NAMFX vs. MUNI - Dividend Comparison
NAMFX's dividend yield for the trailing twelve months is around 5.78%, more than MUNI's 3.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAMFX Virtus Newfleet Multi-Sector Intermediate Bond Fund | 5.78% | 4.97% | 4.48% | 3.48% | 3.54% | 3.96% | 4.54% | 4.31% | 4.23% | 4.74% | 5.86% | 6.49% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 3.91% | 3.63% | 2.13% | 1.62% | 1.92% | 2.44% | 2.57% | 2.37% | 2.37% | 2.20% | 1.91% | 2.30% |
Drawdowns
NAMFX vs. MUNI - Drawdown Comparison
The maximum NAMFX drawdown since its inception was -26.56%, which is greater than MUNI's maximum drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for NAMFX and MUNI. For additional features, visit the drawdowns tool.
Volatility
NAMFX vs. MUNI - Volatility Comparison
Virtus Newfleet Multi-Sector Intermediate Bond Fund (NAMFX) has a higher volatility of 0.68% compared to PIMCO Intermediate Municipal Bond Active ETF (MUNI) at 0.46%. This indicates that NAMFX's price experiences larger fluctuations and is considered to be riskier than MUNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.