PDPAX vs. SAWMX

Last updated Jun 24, 2026

PDPAX (Virtus Duff & Phelps Real Asset Fund) and SAWMX (SA Worldwide Moderate Growth Fund) are both Global Allocation funds. Over the past 10 years, PDPAX returned 7.19%/yr vs 9.02%/yr for SAWMX. A 0.77 correlation means they provide meaningful diversification when combined. PDPAX charges 0.81%/yr vs 0.00%/yr for SAWMX.

Performance

PDPAX vs. SAWMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Duff & Phelps Real Asset Fund (PDPAX) and SA Worldwide Moderate Growth Fund (SAWMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with PDPAX having a 10.72% return and SAWMX slightly lower at 10.67%. Over the past 10 years, PDPAX has underperformed SAWMX with an annualized return of 7.19%, while SAWMX has yielded a comparatively higher 9.02% annualized return.

PDPAX

• 1D: 0.46%
• 1M: -2.13%
• YTD: 10.72%
• 6M: 10.44%
• 1Y: 18.72%
• 3Y*: 14.85%
• 5Y*: 8.80%
• 10Y*: 7.19%

SAWMX

• 1D: 0.14%
• 1M: 1.38%
• YTD: 10.67%
• 6M: 10.33%
• 1Y: 23.06%
• 3Y*: 14.55%
• 5Y*: 8.31%
• 10Y*: 9.02%

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

PDPAX vs. SAWMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PDPAX Virtus Duff & Phelps Real Asset Fund	10.72%	15.90%	9.45%	4.73%	-2.66%	21.15%	-3.18%	16.84%	-9.35%	8.15%
SAWMX SA Worldwide Moderate Growth Fund	10.67%	18.15%	6.40%	13.60%	-8.96%	16.67%	4.12%	17.03%	-7.87%	13.89%

Correlation

The correlation between PDPAX and SAWMX is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.77

The correlation between PDPAX and SAWMX shifts across timeframes, from 0.62 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PDPAX vs. SAWMX — Risk / Return Rank

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

PDPAX

PDPAX Risk / Return Rank: 52
PDPAX Sharpe Ratio Rank: 52
PDPAX Sortino Ratio Rank: 50
PDPAX Omega Ratio Rank: 50
PDPAX Calmar Ratio Rank: 54
PDPAX Martin Ratio Rank: 55

SAWMX

SAWMX Risk / Return Rank: 93
SAWMX Sharpe Ratio Rank: 97
SAWMX Sortino Ratio Rank: 96
SAWMX Omega Ratio Rank: 92
SAWMX Calmar Ratio Rank: 91
SAWMX Martin Ratio Rank: 92

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.

PDPAX vs. SAWMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Duff & Phelps Real Asset Fund (PDPAX) and SA Worldwide Moderate Growth Fund (SAWMX). 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.

	PDPAX	SAWMX	Difference
Sharpe ratio: Return per unit of total volatility	1.98	3.42	-1.43
Sortino ratio: Return per unit of downside risk	2.73	4.96	-2.23
Omega ratio: Gain probability vs. loss probability	1.36	1.65	-0.29
Calmar ratio: Return relative to maximum drawdown	2.70	4.45	-1.75
Martin ratio: Return relative to average drawdown	10.52	17.63	-7.11

PDPAX vs. SAWMX - Sharpe Ratio Comparison

The current PDPAX Sharpe Ratio is 1.98, which is lower than the SAWMX Sharpe Ratio of 3.42. The chart below compares the historical Sharpe Ratios of PDPAX and SAWMX, 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

PDPAX vs. SAWMX - Drawdown Comparison

The maximum PDPAX drawdown since its inception was -43.40%, which is greater than SAWMX's maximum drawdown of -30.56%. Use the drawdown chart below to compare losses from any high point for PDPAX and SAWMX.

Drawdown Indicators

	PDPAX	SAWMX	Difference
Max Drawdown Largest peak-to-trough decline	-43.40%	-30.56%	-12.84%
Max Drawdown (1Y) Largest decline over 1 year	-7.08%	-5.79%	-1.29%
Max Drawdown (3Y) Largest decline over 3 years	-10.66%	-11.86%	+1.20%
Max Drawdown (5Y) Largest decline over 5 years	-18.87%	-17.57%	-1.30%
Max Drawdown (10Y) Largest decline over 10 years	-32.24%	-30.56%	-1.68%
Current Drawdown Current decline from peak	-2.68%	-0.43%	-2.25%
Average Drawdown Average peak-to-trough decline	-7.61%	-3.68%	-3.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	1.40%	+0.41%

Volatility

PDPAX vs. SAWMX - Volatility Comparison

Virtus Duff & Phelps Real Asset Fund (PDPAX) has a higher volatility of 2.83% compared to SA Worldwide Moderate Growth Fund (SAWMX) at 2.42%. This indicates that PDPAX's price experiences larger fluctuations and is considered to be riskier than SAWMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDPAX	SAWMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	2.42%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	7.64%	5.81%	+1.83%
Volatility (1Y) Calculated over the trailing 1-year period	9.67%	7.55%	+2.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.15%	9.91%	+3.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.88%	11.09%	+1.79%

PDPAX vs. SAWMX - Expense Ratio Comparison

PDPAX has a 0.81% expense ratio, which is higher than SAWMX's 0.00% expense ratio.

Dividends

PDPAX vs. SAWMX - Dividend Comparison

PDPAX's dividend yield for the trailing twelve months is around 1.60%, less than SAWMX's 5.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PDPAX Virtus Duff & Phelps Real Asset Fund	1.60%	1.77%	3.65%	2.08%	1.06%	0.76%	0.68%	3.09%	2.38%	1.92%	0.80%	1.13%
SAWMX SA Worldwide Moderate Growth Fund	5.38%	5.95%	3.34%	4.20%	8.36%	4.52%	4.88%	5.66%	6.82%	1.28%	1.96%	0.00%

Frequently Asked Questions

Can I hold both PDPAX and SAWMX in my portfolio?

PDPAX and SAWMX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PDPAX or SAWMX?

PDPAX has higher volatility (2.83%) compared to SAWMX (2.42%). In terms of maximum drawdown, PDPAX dropped -43.40% vs SAWMX's -30.56%.

Which has better risk-adjusted returns?

SAWMX currently has the higher Sharpe Ratio (3.42 vs 1.98), 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.