PALAX vs. DGSCX
PALAX (Virtus Global Allocation Fund) and DGSCX (Virtus Global Small-Cap Fund) are both mutual funds - PALAX is a Global Allocation fund managed by Allianz, while DGSCX is a Global Equities fund managed by Allianz. Over the past 10 years, PALAX returned 7.27%/yr vs 7.45%/yr for DGSCX. Their correlation of 0.84 means they have usually moved in the same direction. PALAX charges 0.52%/yr vs 1.28%/yr for DGSCX.
Performance
PALAX vs. DGSCX - Performance Comparison
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Returns By Period
In the year-to-date period, PALAX achieves a 8.37% return, which is significantly higher than DGSCX's 6.22% return. Both investments have delivered pretty close results over the past 10 years, with PALAX having a 7.27% annualized return and DGSCX not far ahead at 7.45%.
PALAX
- 1D
- 1.27%
- 1M
- 0.31%
- 6M
- 5.36%
- YTD
- 8.37%
- 1Y
- 18.01%
- 3Y*
- 11.02%
- 5Y*
- 5.55%
- 10Y*
- 7.27%
- ALL TIME*
- 5.95%
DGSCX
- 1D
- -0.26%
- 1M
- 0.23%
- 6M
- 1.93%
- YTD
- 6.22%
- 1Y
- -0.39%
- 3Y*
- 7.19%
- 5Y*
- 1.62%
- 10Y*
- 7.45%
- ALL TIME*
- 8.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PALAX vs. DGSCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PALAX Virtus Global Allocation Fund | 8.37% | 17.73% | 6.39% | 11.78% | -15.69% | 10.82% | 13.99% | 17.93% | -8.72% | 16.92% |
DGSCX Virtus Global Small-Cap Fund | 6.22% | -0.96% | 9.71% | 24.03% | -24.11% | 11.23% | 29.79% | 23.02% | -16.82% | 26.86% |
Correlation
The correlation between PALAX and DGSCX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 1998 | 0.84 |
Over the past year, the correlation between PALAX and DGSCX has dropped to 0.56 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.
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Return for Risk
PALAX vs. DGSCX — Risk / Return Rank
PALAX
DGSCX
PALAX vs. DGSCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Global Allocation Fund (PALAX) and Virtus Global Small-Cap Fund (DGSCX). 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.
| PALAX | DGSCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.99 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | -0.10 | +2.60 |
| Martin ratioReturn relative to average drawdown | 10.18 | -0.21 | +10.39 |
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Drawdowns
PALAX vs. DGSCX - Drawdown Comparison
The maximum PALAX drawdown since its inception was -44.59%, smaller than the maximum DGSCX drawdown of -68.18%. Use the drawdown chart below to compare losses from any high point for PALAX and DGSCX.
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Drawdown Indicators
| PALAX | DGSCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.59% | -68.18% | +23.59% |
Max Drawdown (1Y)Largest decline over 1 year | -6.93% | -16.85% | +9.92% |
Max Drawdown (3Y)Largest decline over 3 years | -11.92% | -18.04% | +6.12% |
Max Drawdown (5Y)Largest decline over 5 years | -27.75% | -37.49% | +9.74% |
Max Drawdown (10Y)Largest decline over 10 years | -27.75% | -40.29% | +12.54% |
Current DrawdownCurrent decline from peak | -1.18% | -5.23% | +4.05% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -19.61% | +12.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 7.93% | -6.23% |
Volatility
PALAX vs. DGSCX - Volatility Comparison
The current volatility for Virtus Global Allocation Fund (PALAX) is 2.78%, while Virtus Global Small-Cap Fund (DGSCX) has a volatility of 2.97%. This indicates that PALAX experiences smaller price fluctuations and is considered to be less risky than DGSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PALAX | DGSCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 2.97% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 9.86% | -2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.31% | 12.57% | -3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.95% | 17.89% | -5.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.36% | 19.13% | -7.77% |
PALAX vs. DGSCX - Expense Ratio Comparison
PALAX has a 0.52% expense ratio, which is lower than DGSCX's 1.28% expense ratio.
Dividends
PALAX vs. DGSCX - Dividend Comparison
PALAX's dividend yield for the trailing twelve months is around 9.28%, more than DGSCX's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGSCX Virtus Global Small-Cap Fund | 4.34% | 4.61% | 14.50% | 0.84% | 2.64% | 30.56% | 4.16% | 7.03% | 21.96% | 7.99% | 0.00% | 0.00% |
PALAX Virtus Global Allocation Fund | 9.28% | 6.94% | 3.07% | 2.60% | 6.29% | 9.15% | 6.14% | 10.09% | 6.19% | 10.69% | 1.61% | 5.30% |
Frequently Asked Questions
PALAX and DGSCX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGSCX has higher volatility (2.97%) compared to PALAX (2.78%). In terms of maximum drawdown, PALAX dropped -44.59% vs DGSCX's -68.18%.
PALAX currently has the higher Sharpe Ratio (1.86 vs -0.13), 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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