PSVIX vs. AZBIX

Last updated Aug 1, 2026

PSVIX (Virtus NFJ Small-Cap Value Fund) and AZBIX (Virtus Small-Cap Fund) are both mutual funds - PSVIX is a Small Cap Value Equities fund managed by Allianz, while AZBIX is a Small Cap Blend Equities fund managed by Allianz. Over the past 10 years, PSVIX returned 7.09%/yr vs 11.61%/yr for AZBIX. Their correlation of 0.89 means they have usually moved in the same direction. PSVIX charges 0.82%/yr vs 0.89%/yr for AZBIX.

Performance

PSVIX vs. AZBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus NFJ Small-Cap Value Fund (PSVIX) and Virtus Small-Cap Fund (AZBIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSVIX achieves a 18.55% return, which is significantly lower than AZBIX's 19.77% return. Over the past 10 years, PSVIX has underperformed AZBIX with an annualized return of 7.09%, while AZBIX has yielded a comparatively higher 11.61% annualized return.

PSVIX

• 1D: 1.23%
• 1M: 1.68%
• 6M: 12.11%
• YTD: 18.55%
• 1Y: 28.94%
• 3Y*: 9.95%
• 5Y*: 7.01%
• 10Y*: 7.09%
• ALL TIME*: 9.78%

AZBIX

• 1D: 1.30%
• 1M: -0.94%
• 6M: 14.75%
• YTD: 19.77%
• 1Y: 33.35%
• 3Y*: 16.35%
• 5Y*: 8.58%
• 10Y*: 11.61%
• ALL TIME*: 10.96%

*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)
AZBIX Virtus Small-Cap Fund	$0.00	$0.00	$0.00
PSVIX Virtus NFJ Small-Cap Value Fund	$0.00	$0.00	$0.00

PSVIX vs. AZBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSVIX Virtus NFJ Small-Cap Value Fund	18.55%	1.37%	5.87%	23.36%	-15.77%	24.66%	-4.31%	24.80%	-19.33%	9.10%
AZBIX Virtus Small-Cap Fund	19.77%	8.49%	19.06%	14.09%	-18.04%	18.92%	16.98%	24.13%	-9.25%	21.27%

Correlation

The correlation between PSVIX and AZBIX is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since Jul 2, 2013	0.89

The correlation between PSVIX and AZBIX has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.

Return for Risk

PSVIX vs. AZBIX — Risk / Return Rank

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

PSVIX

PSVIX Risk / Return Rank: 67
PSVIX Sharpe Ratio Rank: 61
PSVIX Sortino Ratio Rank: 66
PSVIX Omega Ratio Rank: 56
PSVIX Calmar Ratio Rank: 86
PSVIX Martin Ratio Rank: 68

AZBIX

AZBIX Risk / Return Rank: 79
AZBIX Sharpe Ratio Rank: 76
AZBIX Sortino Ratio Rank: 75
AZBIX Omega Ratio Rank: 69
AZBIX Calmar Ratio Rank: 89
AZBIX Martin Ratio Rank: 86

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.

PSVIX vs. AZBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus NFJ Small-Cap Value Fund (PSVIX) and Virtus Small-Cap Fund (AZBIX). 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.

	PSVIX	AZBIX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.76	-0.21
Sortino ratio: Return per unit of downside risk	2.33	2.54	-0.21
Omega ratio: Gain probability vs. loss probability	1.27	1.30	-0.03
Calmar ratio: Return relative to maximum drawdown	3.05	3.28	-0.23
Martin ratio: Return relative to average drawdown	8.80	11.02	-2.22

PSVIX vs. AZBIX - Sharpe Ratio Comparison

The current PSVIX Sharpe Ratio is 1.55, which is comparable to the AZBIX Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of PSVIX and AZBIX, 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

PSVIX vs. AZBIX - Drawdown Comparison

The maximum PSVIX drawdown since its inception was -55.62%, which is greater than AZBIX's maximum drawdown of -40.80%. Use the drawdown chart below to compare losses from any high point for PSVIX and AZBIX.

Drawdown Indicators

	PSVIX	AZBIX	Difference
Max Drawdown Largest peak-to-trough decline	-55.62%	-40.80%	-14.82%
Max Drawdown (1Y) Largest decline over 1 year	-8.38%	-9.33%	+0.95%
Max Drawdown (3Y) Largest decline over 3 years	-27.34%	-29.01%	+1.67%
Max Drawdown (5Y) Largest decline over 5 years	-27.34%	-29.85%	+2.51%
Max Drawdown (10Y) Largest decline over 10 years	-45.39%	-40.80%	-4.59%
Current Drawdown Current decline from peak	-0.98%	-2.95%	+1.97%
Average Drawdown Average peak-to-trough decline	-7.91%	-7.64%	-0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	2.78%	+0.13%

Volatility

PSVIX vs. AZBIX - Volatility Comparison

The current volatility for Virtus NFJ Small-Cap Value Fund (PSVIX) is 3.44%, while Virtus Small-Cap Fund (AZBIX) has a volatility of 3.97%. This indicates that PSVIX experiences smaller price fluctuations and is considered to be less risky than AZBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSVIX	AZBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.44%	3.97%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	11.15%	13.11%	-1.96%
Volatility (1Y) Calculated over the trailing 1-year period	16.61%	17.43%	-0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.07%	20.50%	+0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.17%	21.34%	+0.83%

PSVIX vs. AZBIX - Expense Ratio Comparison

PSVIX has a 0.82% expense ratio, which is lower than AZBIX's 0.89% expense ratio.

Dividends

PSVIX vs. AZBIX - Dividend Comparison

PSVIX's dividend yield for the trailing twelve months is around 2.76%, less than AZBIX's 4.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AZBIX Virtus Small-Cap Fund	4.09%	4.90%	10.82%	2.31%	4.78%	13.82%	0.45%	0.38%	9.62%	13.80%	0.03%	3.59%
PSVIX Virtus NFJ Small-Cap Value Fund	2.76%	3.27%	3.72%	9.11%	15.72%	7.15%	2.08%	8.04%	32.47%	17.56%	3.74%	16.77%

Frequently Asked Questions

Can I hold both PSVIX and AZBIX in my portfolio?

PSVIX and AZBIX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSVIX or AZBIX?

AZBIX has higher volatility (3.97%) compared to PSVIX (3.44%). In terms of maximum drawdown, PSVIX dropped -55.62% vs AZBIX's -40.80%.

Which has better risk-adjusted returns?

AZBIX currently has the higher Sharpe Ratio (1.76 vs 1.55), 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.