NFLT vs. VGMS

Last updated Jun 4, 2026

NFLT (Virtus Newfleet Multi-Sector Bond ETF) and VGMS (Vanguard Multi-Sector Income Bond ETF) are both Multisector Bonds funds. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. NFLT charges 0.50%/yr vs 0.30%/yr for VGMS.

Performance

NFLT vs. VGMS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Newfleet Multi-Sector Bond ETF (NFLT) and Vanguard Multi-Sector Income Bond ETF (VGMS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NFLT achieves a 1.50% return, which is significantly higher than VGMS's 1.06% return.

NFLT

• 1D: -0.16%
• 1M: 0.47%
• YTD: 1.50%
• 6M: 1.58%
• 1Y: 7.11%
• 3Y*: 7.38%
• 5Y*: 3.15%
• 10Y*: 4.13%

VGMS

• 1D: -0.36%
• 1M: 0.29%
• YTD: 1.06%
• 6M: 1.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NFLT vs. VGMS - Yearly Performance Comparison

	2026 (YTD)	2025
NFLT Virtus Newfleet Multi-Sector Bond ETF	1.50%	5.80%
VGMS Vanguard Multi-Sector Income Bond ETF	1.06%	5.44%

Correlation

The correlation between NFLT and VGMS is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025	0.51

Return for Risk

NFLT vs. VGMS — Risk / Return Rank

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

NFLT

NFLT Risk / Return Rank: 57
NFLT Sharpe Ratio Rank: 52
NFLT Sortino Ratio Rank: 53
NFLT Omega Ratio Rank: 52
NFLT Calmar Ratio Rank: 60
NFLT Martin Ratio Rank: 70

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.

NFLT vs. VGMS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Multi-Sector Bond ETF (NFLT) and Vanguard Multi-Sector Income Bond ETF (VGMS). 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.

	NFLT	VGMS	Difference
Sharpe ratio: Return per unit of total volatility	1.78	—	—
Sortino ratio: Return per unit of downside risk	2.60	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.95	—	—
Martin ratio: Return relative to average drawdown	13.00	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NFLT	VGMS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	2.11	-1.27

Drawdowns

NFLT vs. VGMS - Drawdown Comparison

The maximum NFLT drawdown since its inception was -15.17%, which is greater than VGMS's maximum drawdown of -2.46%. Use the drawdown chart below to compare losses from any high point for NFLT and VGMS.

Drawdown Indicators

	NFLT	VGMS	Difference
Max Drawdown Largest peak-to-trough decline	-15.17%	-2.46%	-12.71%
Max Drawdown (1Y) Largest decline over 1 year	-2.42%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.24%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-15.17%	—	—
Current Drawdown Current decline from peak	-0.33%	-0.39%	+0.06%
Average Drawdown Average peak-to-trough decline	-2.10%	-0.31%	-1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.55%	—	—

Volatility

Volatility by Period

	NFLT	VGMS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.01%	3.21%	+0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.43%	3.21%	+1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.93%	3.21%	+1.72%

NFLT vs. VGMS - Expense Ratio Comparison

NFLT has a 0.50% expense ratio, which is higher than VGMS's 0.30% expense ratio.

Dividends

NFLT vs. VGMS - Dividend Comparison

NFLT's dividend yield for the trailing twelve months is around 5.50%, more than VGMS's 5.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NFLT Virtus Newfleet Multi-Sector Bond ETF	5.50%	5.74%	5.76%	6.02%	4.16%	3.41%	3.63%	4.33%	4.81%	6.23%	5.30%	0.67%
VGMS Vanguard Multi-Sector Income Bond ETF	5.16%	2.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NFLT and VGMS in my portfolio?

NFLT and VGMS have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NFLT or VGMS?

On fees, VGMS is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NFLT or VGMS?

VGMS is cheaper with a 0.30% expense ratio, compared with 0.50% for NFLT.

Which ETF pays a higher dividend yield, NFLT or VGMS?

NFLT has the higher dividend yield at 5.50%, compared with 5.16% for VGMS.

What is the main difference between NFLT and VGMS?

They also come from different issuers: Virtus and Vanguard. Their fees differ too: 0.50% for NFLT and 0.30% for VGMS.