PSFIX vs. CFRIX

Last updated Aug 1, 2026

PSFIX (Virtus Newfleet Senior Floating Rate Fund) and CFRIX (Catalyst/CIFC Floating Rate Income Fund) are both Bank Loan funds. Over the past 10 years, PSFIX returned 4.38%/yr vs 5.09%/yr for CFRIX. Their 0.58 correlation means they have sometimes moved together and sometimes differently. PSFIX charges 0.69%/yr vs 0.90%/yr for CFRIX.

Performance

PSFIX vs. CFRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Newfleet Senior Floating Rate Fund (PSFIX) and Catalyst/CIFC Floating Rate Income Fund (CFRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSFIX achieves a 1.66% return, which is significantly higher than CFRIX's 0.95% return. Over the past 10 years, PSFIX has underperformed CFRIX with an annualized return of 4.38%, while CFRIX has yielded a comparatively higher 5.09% annualized return.

PSFIX

• 1D: 0.00%
• 1M: 0.12%
• 6M: 1.82%
• YTD: 1.66%
• 1Y: 3.72%
• 3Y*: 6.27%
• 5Y*: 5.21%
• 10Y*: 4.38%
• ALL TIME*: 6.14%

CFRIX

• 1D: 0.00%
• 1M: 0.11%
• 6M: 1.32%
• YTD: 0.95%
• 1Y: 3.66%
• 3Y*: 6.54%
• 5Y*: 4.72%
• 10Y*: 5.09%
• ALL TIME*: 4.44%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CFRIX Catalyst/CIFC Floating Rate Income Fund	$0.00	$0.00	$0.00
PSFIX Virtus Newfleet Senior Floating Rate Fund	$0.00	$0.00	$0.00

PSFIX vs. CFRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSFIX Virtus Newfleet Senior Floating Rate Fund	1.66%	5.11%	7.59%	10.67%	-0.21%	4.51%	0.94%	8.29%	-0.95%	3.11%
CFRIX Catalyst/CIFC Floating Rate Income Fund	0.95%	6.30%	7.98%	11.65%	-3.87%	3.12%	3.45%	10.05%	0.70%	7.24%

Correlation

The correlation between PSFIX and CFRIX is 0.69, 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.	0.69
Correlation (3Y) Balances recent behavior with more history.	0.62
Correlation (5Y) Shows whether the relationship held over a longer period.	0.70
Correlation (10Y) Provides a long-term view across more market conditions.	0.62
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.58

The correlation between PSFIX and CFRIX shifts across timeframes, from 0.58 (all time) to 0.70 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

PSFIX vs. CFRIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PSFIX

PSFIX Risk / Return Rank: 92
PSFIX Sharpe Ratio Rank: 77
PSFIX Sortino Ratio Rank: 96
PSFIX Omega Ratio Rank: 96
PSFIX Calmar Ratio Rank: 96
PSFIX Martin Ratio Rank: 94

CFRIX

CFRIX Risk / Return Rank: 70
CFRIX Sharpe Ratio Rank: 71
CFRIX Sortino Ratio Rank: 87
CFRIX Omega Ratio Rank: 90
CFRIX Calmar Ratio Rank: 53
CFRIX Martin Ratio Rank: 48

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PSFIX vs. CFRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Senior Floating Rate Fund (PSFIX) and Catalyst/CIFC Floating Rate Income Fund (CFRIX). 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	CFRIX	Difference
Sharpe ratio: Return per unit of total volatility	1.85	1.66	+0.19
Sortino ratio: Return per unit of downside risk	4.26	3.18	+1.08
Omega ratio: Gain probability vs. loss probability	1.64	1.49	+0.15
Calmar ratio: Return relative to maximum drawdown	4.80	1.91	+2.89
Martin ratio: Return relative to average drawdown	15.07	6.62	+8.45

PSFIX vs. CFRIX - Sharpe Ratio Comparison

The current PSFIX Sharpe Ratio is 1.85, which is comparable to the CFRIX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of PSFIX and CFRIX, 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. CFRIX - Drawdown Comparison

The maximum PSFIX drawdown since its inception was -22.76%, which is greater than CFRIX's maximum drawdown of -19.18%. Use the drawdown chart below to compare losses from any high point for PSFIX and CFRIX.

Drawdown Indicators

	PSFIX	CFRIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.76%	-19.18%	-3.58%
Max Drawdown (1Y) Largest decline over 1 year	-0.88%	-2.19%	+1.31%
Max Drawdown (3Y) Largest decline over 3 years	-2.62%	-2.55%	-0.07%
Max Drawdown (5Y) Largest decline over 5 years	-5.78%	-6.62%	+0.84%
Max Drawdown (10Y) Largest decline over 10 years	-22.76%	-19.18%	-3.58%
Current Drawdown Current decline from peak	-0.12%	-0.22%	+0.10%
Average Drawdown Average peak-to-trough decline	-0.85%	-1.23%	+0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.28%	0.63%	-0.35%

Volatility

PSFIX vs. CFRIX - Volatility Comparison

The current volatility for Virtus Newfleet Senior Floating Rate Fund (PSFIX) is 0.27%, while Catalyst/CIFC Floating Rate Income Fund (CFRIX) has a volatility of 0.36%. This indicates that PSFIX experiences smaller price fluctuations and is considered to be less risky than CFRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSFIX	CFRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.27%	0.36%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	1.65%	1.92%	-0.27%
Volatility (1Y) Calculated over the trailing 1-year period	2.29%	2.53%	-0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.83%	2.73%	+0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.16%	3.79%	+0.37%

PSFIX vs. CFRIX - Expense Ratio Comparison

PSFIX has a 0.69% expense ratio, which is lower than CFRIX's 0.90% expense ratio.

Dividends

PSFIX vs. CFRIX - Dividend Comparison

PSFIX's dividend yield for the trailing twelve months is around 6.05%, which matches CFRIX's 6.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CFRIX Catalyst/CIFC Floating Rate Income Fund	6.06%	6.86%	7.32%	7.13%	3.79%	2.44%	4.06%	5.50%	4.26%	4.50%	5.69%	6.27%
PSFIX Virtus Newfleet Senior Floating Rate Fund	6.05%	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 CFRIX in my portfolio?

PSFIX and CFRIX have a correlation of 0.69, 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 CFRIX?

CFRIX has higher volatility (0.36%) compared to PSFIX (0.27%). In terms of maximum drawdown, PSFIX dropped -22.76% vs CFRIX's -19.18%.

Which has better risk-adjusted returns?

PSFIX currently has the higher Sharpe Ratio (1.85 vs 1.66), 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.