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PHCHX vs. VKSIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PHCHX vs. VKSIX

Last updated Jun 27, 2026

PHCHX (Virtus Newfleet High Yield Fund) and VKSIX (Virtus KAR Small-Mid Cap Core Fund) are both mutual funds - PHCHX is a High Yield Bonds fund managed by Virtus, while VKSIX is a Mid Cap Growth Equities fund managed by Virtus. Over the past 5 years, PHCHX returned 3.54%/yr vs -0.22%/yr for VKSIX. At a 0.46 correlation, their price movements are largely independent. PHCHX charges 1.00%/yr vs 1.02%/yr for VKSIX.

Performance

PHCHX vs. VKSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Newfleet High Yield Fund (PHCHX) and Virtus KAR Small-Mid Cap Core Fund (VKSIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PHCHX achieves a 1.76% return, which is significantly higher than VKSIX's -5.63% return.

PHCHX

1D
0.00%
1M
0.54%
YTD
1.76%
6M
2.32%
1Y
4.99%
3Y*
8.03%
5Y*
3.54%
10Y*
5.22%

VKSIX

1D
0.77%
1M
1.56%
YTD
-5.63%
6M
-7.50%
1Y
-9.30%
3Y*
3.06%
5Y*
-0.22%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PHCHX vs. VKSIX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
PHCHX
Virtus Newfleet High Yield Fund		1.76%6.29%7.85%11.87%-10.25%4.32%7.14%14.49%-2.31%
VKSIX
Virtus KAR Small-Mid Cap Core Fund		-5.63%-4.36%9.07%23.61%-23.83%19.54%33.45%38.81%-6.68%

Correlation

The correlation between PHCHX and VKSIX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.47

Correlation (3Y)
Calculated over the trailing 3-year period

0.46

Correlation (5Y)
Calculated over the trailing 5-year period

0.48

Correlation (All Time)
Calculated using the full available price history since Mar 22, 2018

0.46

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Virtus Newfleet High Yield Fund

Virtus KAR Small-Mid Cap Core Fund

Often compared with PHCHX:
PHCHX vs. CCLFXPHCHX vs. CRDOXPHCHX vs. AIOPHCHX vs. PRFRXPHCHX vs. CWFIXPHCHX vs. FAGIXPHCHX vs. PIAMX
Often compared with VKSIX:
VKSIX vs. POLIXVKSIX vs. VMGMXVKSIX vs. VBKVKSIX vs. BRK-BVKSIX vs. FTSIXVKSIX vs. VXFVKSIX vs. QQQ

Return for Risk

PHCHX vs. VKSIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PHCHX
PHCHX Risk / Return Rank: 5454
Overall Rank
PHCHX Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
PHCHX Sortino Ratio Rank: 5555
Sortino Ratio Rank
PHCHX Omega Ratio Rank: 6262
Omega Ratio Rank
PHCHX Calmar Ratio Rank: 5454
Calmar Ratio Rank
PHCHX Martin Ratio Rank: 6060
Martin Ratio Rank
VKSIX
VKSIX Risk / Return Rank: 11
Overall Rank
VKSIX Sharpe Ratio Rank: 11
Sharpe Ratio Rank
VKSIX Sortino Ratio Rank: 11
Sortino Ratio Rank
VKSIX Omega Ratio Rank: 11
Omega Ratio Rank
VKSIX Calmar Ratio Rank: 11
Calmar Ratio Rank
VKSIX Martin Ratio Rank: 11
Martin Ratio Rank
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.

PHCHX vs. VKSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet High Yield Fund (PHCHX) and Virtus KAR Small-Mid Cap Core Fund (VKSIX). 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.

PHCHXVKSIXDifference
Sharpe ratioReturn per unit of total volatility
1.55
-0.55

+2.10

Sortino ratioReturn per unit of downside risk
2.57
-0.72

+3.29

Omega ratioGain probability vs. loss probability

1.36

0.92

+0.43

Calmar ratioReturn relative to maximum drawdown

2.44

-0.52

+2.97

Martin ratioReturn relative to average drawdown

10.11

-1.02

+11.13

PHCHX vs. VKSIX - Sharpe Ratio Comparison

The current PHCHX Sharpe Ratio is 1.55, which is higher than the VKSIX Sharpe Ratio of -0.55. The chart below compares the historical Sharpe Ratios of PHCHX and VKSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PHCHX vs. VKSIX - Drawdown Comparison

The maximum PHCHX drawdown since its inception was -31.44%, smaller than the maximum VKSIX drawdown of -35.59%. Use the drawdown chart below to compare losses from any high point for PHCHX and VKSIX.

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Drawdown Indicators

PHCHXVKSIXDifference

Max Drawdown

Largest peak-to-trough decline

-31.44%

-35.59%

+4.15%

Max Drawdown (1Y)

Largest decline over 1 year

-2.16%

-16.70%

+14.54%

Max Drawdown (3Y)

Largest decline over 3 years

-4.60%

-20.29%

+15.69%

Max Drawdown (5Y)

Largest decline over 5 years

-14.26%

-32.49%

+18.23%

Max Drawdown (10Y)

Largest decline over 10 years

-23.25%

—

—

Current Drawdown

Current decline from peak

-0.26%

-16.79%

+16.53%

Average Drawdown

Average peak-to-trough decline

-6.27%

-8.94%

+2.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.52%

8.56%

-8.04%

Volatility

PHCHX vs. VKSIX - Volatility Comparison

The current volatility for Virtus Newfleet High Yield Fund (PHCHX) is 0.93%, while Virtus KAR Small-Mid Cap Core Fund (VKSIX) has a volatility of 4.84%. This indicates that PHCHX experiences smaller price fluctuations and is considered to be less risky than VKSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PHCHXVKSIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.93%

4.84%

-3.91%

Volatility (6M)

Calculated over the trailing 6-month period

2.47%

12.24%

-9.77%

Volatility (1Y)

Calculated over the trailing 1-year period

3.40%

15.87%

-12.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.01%

19.25%

-14.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.78%

20.95%

-15.17%

PHCHX vs. VKSIX - Expense Ratio Comparison

PHCHX has a 1.00% expense ratio, which is lower than VKSIX's 1.02% expense ratio.

Dividends

PHCHX vs. VKSIX - Dividend Comparison

PHCHX's dividend yield for the trailing twelve months is around 6.49%, more than VKSIX's 0.36% yield.

PositionTTM20252024202320222021202020192018201720162015
PHCHX
Virtus Newfleet High Yield Fund		6.49%6.89%5.91%5.87%5.73%4.00%4.86%5.41%5.86%5.54%4.91%5.72%
VKSIX
Virtus KAR Small-Mid Cap Core Fund		0.36%0.34%0.43%0.00%0.00%1.13%0.01%0.00%1.47%0.00%0.00%0.00%

Frequently Asked Questions

PHCHX and VKSIX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VKSIX has higher volatility (4.84%) compared to PHCHX (0.93%). In terms of maximum drawdown, PHCHX dropped -31.44% vs VKSIX's -35.59%.

PHCHX currently has the higher Sharpe Ratio (1.55 vs -0.55), 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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