PXSGX vs. NAINX

Last updated Jun 25, 2026

PXSGX (Virtus KAR Small-Cap Growth Fund) and NAINX (Virtus Tactical Allocation Fund) are both mutual funds - PXSGX is a Small Cap Growth Equities fund managed by Virtus, while NAINX is a Diversified Portfolio fund managed by Virtus. Over the past 10 years, PXSGX returned 10.18%/yr vs 8.19%/yr for NAINX. Their correlation of 0.81 suggests significant overlap in exposure. PXSGX charges 1.07%/yr vs 1.00%/yr for NAINX.

Performance

PXSGX vs. NAINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus KAR Small-Cap Growth Fund (PXSGX) and Virtus Tactical Allocation Fund (NAINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PXSGX achieves a -8.03% return, which is significantly lower than NAINX's -0.25% return. Over the past 10 years, PXSGX has outperformed NAINX with an annualized return of 10.18%, while NAINX has yielded a comparatively lower 8.19% annualized return.

PXSGX

• 1D: 0.38%
• 1M: 0.44%
• YTD: -8.03%
• 6M: -9.86%
• 1Y: -23.01%
• 3Y*: -1.95%
• 5Y*: -6.04%
• 10Y*: 10.18%

NAINX

• 1D: -1.13%
• 1M: 0.54%
• YTD: -0.25%
• 6M: -0.86%
• 1Y: -0.02%
• 3Y*: 9.81%
• 5Y*: 1.73%
• 10Y*: 8.19%

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

PXSGX vs. NAINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PXSGX Virtus KAR Small-Cap Growth Fund	-8.03%	-22.97%	21.11%	20.27%	-30.04%	4.47%	43.46%	40.26%	9.05%	36.99%
NAINX Virtus Tactical Allocation Fund	-0.25%	6.83%	14.00%	22.38%	-28.48%	6.63%	31.47%	28.49%	-7.19%	19.84%

Correlation

The correlation between PXSGX and NAINX is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jun 29, 2006	0.81

The correlation between PXSGX and NAINX shifts across timeframes, from 0.65 (1 year) to 0.82 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

PXSGX vs. NAINX — Risk / Return Rank

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

PXSGX

PXSGX Risk / Return Rank: 0
PXSGX Sharpe Ratio Rank: 0
PXSGX Sortino Ratio Rank: 0
PXSGX Omega Ratio Rank: 0
PXSGX Calmar Ratio Rank: 1
PXSGX Martin Ratio Rank: 1

NAINX

NAINX Risk / Return Rank: 4
NAINX Sharpe Ratio Rank: 4
NAINX Sortino Ratio Rank: 3
NAINX Omega Ratio Rank: 3
NAINX Calmar Ratio Rank: 4
NAINX Martin Ratio Rank: 4

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.

PXSGX vs. NAINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus KAR Small-Cap Growth Fund (PXSGX) and Virtus Tactical Allocation Fund (NAINX). 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.

	PXSGX	NAINX	Difference
Sharpe ratio: Return per unit of total volatility	-1.18	0.11	-1.30
Sortino ratio: Return per unit of downside risk	-1.73	0.23	-1.95
Omega ratio: Gain probability vs. loss probability	0.82	1.03	-0.20
Calmar ratio: Return relative to maximum drawdown	-0.78	0.11	-0.88
Martin ratio: Return relative to average drawdown	-1.30	0.35	-1.65

PXSGX vs. NAINX - Sharpe Ratio Comparison

The current PXSGX Sharpe Ratio is -1.18, which is lower than the NAINX Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of PXSGX and NAINX, 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

PXSGX vs. NAINX - Drawdown Comparison

The maximum PXSGX drawdown since its inception was -53.72%, which is greater than NAINX's maximum drawdown of -36.50%. Use the drawdown chart below to compare losses from any high point for PXSGX and NAINX.

Drawdown Indicators

	PXSGX	NAINX	Difference
Max Drawdown Largest peak-to-trough decline	-53.72%	-36.50%	-17.22%
Max Drawdown (1Y) Largest decline over 1 year	-28.37%	-10.19%	-18.18%
Max Drawdown (3Y) Largest decline over 3 years	-42.49%	-11.79%	-30.70%
Max Drawdown (5Y) Largest decline over 5 years	-42.49%	-36.50%	-5.99%
Max Drawdown (10Y) Largest decline over 10 years	-42.49%	-36.50%	-5.99%
Current Drawdown Current decline from peak	-39.32%	-2.51%	-36.81%
Average Drawdown Average peak-to-trough decline	-11.83%	-5.27%	-6.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.85%	3.11%	+13.74%

Volatility

PXSGX vs. NAINX - Volatility Comparison

Virtus KAR Small-Cap Growth Fund (PXSGX) and Virtus Tactical Allocation Fund (NAINX) have volatilities of 4.35% and 4.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PXSGX	NAINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.35%	4.27%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	13.26%	7.90%	+5.36%
Volatility (1Y) Calculated over the trailing 1-year period	18.66%	9.50%	+9.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.80%	13.78%	+11.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.59%	13.31%	+9.28%

PXSGX vs. NAINX - Expense Ratio Comparison

PXSGX has a 1.07% expense ratio, which is higher than NAINX's 1.00% expense ratio.

Dividends

PXSGX vs. NAINX - Dividend Comparison

PXSGX's dividend yield for the trailing twelve months is around 52.10%, more than NAINX's 16.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NAINX Virtus Tactical Allocation Fund	16.08%	15.87%	13.38%	1.94%	7.34%	7.54%	2.06%	2.24%	4.41%	2.61%	10.78%	7.34%
PXSGX Virtus KAR Small-Cap Growth Fund	52.10%	47.91%	20.72%	5.31%	17.32%	14.31%	9.64%	1.52%	2.31%	0.00%	2.69%	2.99%

Frequently Asked Questions

Can I hold both PXSGX and NAINX in my portfolio?

PXSGX and NAINX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PXSGX or NAINX?

PXSGX has higher volatility (4.35%) compared to NAINX (4.27%). In terms of maximum drawdown, PXSGX dropped -53.72% vs NAINX's -36.50%.

Which has better risk-adjusted returns?

NAINX currently has the higher Sharpe Ratio (0.11 vs -1.18), 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.