PSFIX vs. CAPIX

Last updated Jun 23, 2026

PSFIX (Virtus Newfleet Senior Floating Rate Fund) and CAPIX (Calamos Aksia Alternative Credit and Income Fund Class I) are both Bank Loan funds. Over the past year, PSFIX returned 4.82% vs 7.19% for CAPIX. At a 0.10 correlation, their price movements are largely independent. PSFIX charges 0.69%/yr vs 1.25%/yr for CAPIX.

Performance

PSFIX vs. CAPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Newfleet Senior Floating Rate Fund (PSFIX) and Calamos Aksia Alternative Credit and Income Fund Class I (CAPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSFIX achieves a 1.32% return, which is significantly lower than CAPIX's 2.38% return.

PSFIX

• 1D: 0.00%
• 1M: 0.20%
• YTD: 1.32%
• 6M: 1.93%
• 1Y: 4.82%
• 3Y*: 6.91%
• 5Y*: 5.21%
• 10Y*: 4.48%

CAPIX

• 1D: 0.00%
• 1M: 0.38%
• YTD: 2.38%
• 6M: 2.67%
• 1Y: 7.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSFIX vs. CAPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSFIX Virtus Newfleet Senior Floating Rate Fund	1.32%	5.11%	7.59%	4.51%
CAPIX Calamos Aksia Alternative Credit and Income Fund Class I	2.38%	7.43%	8.60%	3.02%

Correlation

The correlation between PSFIX and CAPIX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (All Time) Calculated using the full available price history since Aug 14, 2023	0.10

Return for Risk

PSFIX vs. CAPIX — Risk / Return Rank

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

PSFIX

PSFIX Risk / Return Rank: 88
PSFIX Sharpe Ratio Rank: 62
PSFIX Sortino Ratio Rank: 96
PSFIX Omega Ratio Rank: 95
PSFIX Calmar Ratio Rank: 95
PSFIX Martin Ratio Rank: 92

CAPIX

CAPIX Risk / Return Rank: 98
CAPIX Sharpe Ratio Rank: 99
CAPIX Sortino Ratio Rank: 98
CAPIX Omega Ratio Rank: 99
CAPIX Calmar Ratio Rank: 98
CAPIX Martin Ratio Rank: 98

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.

PSFIX vs. CAPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Senior Floating Rate Fund (PSFIX) and Calamos Aksia Alternative Credit and Income Fund Class I (CAPIX). 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.

	PSFIX	CAPIX	Difference
Sharpe ratio: Return per unit of total volatility	2.12	4.41	-2.29
Sortino ratio: Return per unit of downside risk	4.92	6.66	-1.74
Omega ratio: Gain probability vs. loss probability	1.76	2.92	-1.17
Calmar ratio: Return relative to maximum drawdown	5.47	7.99	-2.52
Martin ratio: Return relative to average drawdown	17.75	31.62	-13.87

PSFIX vs. CAPIX - Sharpe Ratio Comparison

The current PSFIX Sharpe Ratio is 2.12, which is lower than the CAPIX Sharpe Ratio of 4.41. The chart below compares the historical Sharpe Ratios of PSFIX and CAPIX, 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

PSFIX vs. CAPIX - Drawdown Comparison

The maximum PSFIX drawdown since its inception was -22.76%, which is greater than CAPIX's maximum drawdown of -1.96%. Use the drawdown chart below to compare losses from any high point for PSFIX and CAPIX.

Drawdown Indicators

	PSFIX	CAPIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.76%	-1.96%	-20.80%
Max Drawdown (1Y) Largest decline over 1 year	-0.88%	-0.94%	+0.06%
Max Drawdown (3Y) Largest decline over 3 years	-2.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-5.78%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-22.76%	—	—
Current Drawdown Current decline from peak	-0.24%	-0.47%	+0.23%
Average Drawdown Average peak-to-trough decline	-0.86%	-0.26%	-0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.27%	0.23%	+0.04%

Volatility

PSFIX vs. CAPIX - Volatility Comparison

Virtus Newfleet Senior Floating Rate Fund (PSFIX) has a higher volatility of 0.50% compared to Calamos Aksia Alternative Credit and Income Fund Class I (CAPIX) at 0.37%. This indicates that PSFIX's price experiences larger fluctuations and is considered to be riskier than CAPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSFIX	CAPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.50%	0.37%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	1.65%	1.54%	+0.11%
Volatility (1Y) Calculated over the trailing 1-year period	2.28%	1.70%	+0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.82%	2.55%	+0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.16%	2.55%	+1.61%

PSFIX vs. CAPIX - Expense Ratio Comparison

PSFIX has a 0.69% expense ratio, which is lower than CAPIX's 1.25% expense ratio.

Dividends

PSFIX vs. CAPIX - Dividend Comparison

PSFIX's dividend yield for the trailing twelve months is around 6.65%, less than CAPIX's 8.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAPIX Calamos Aksia Alternative Credit and Income Fund Class I	8.66%	7.18%	4.42%	1.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSFIX Virtus Newfleet Senior Floating Rate Fund	6.65%	7.22%	7.77%	7.48%	4.85%	2.84%	3.98%	5.29%	5.07%	4.03%	3.95%	4.40%

Frequently Asked Questions

Can I hold both PSFIX and CAPIX in my portfolio?

PSFIX and CAPIX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSFIX or CAPIX?

PSFIX has higher volatility (0.50%) compared to CAPIX (0.37%). In terms of maximum drawdown, PSFIX dropped -22.76% vs CAPIX's -1.96%.

Which has better risk-adjusted returns?

CAPIX currently has the higher Sharpe Ratio (4.41 vs 2.12), 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.