SAVYX vs. MERFX
Compare and contrast key facts about Virtus Newfleet Core Plus Bond Fund (SAVYX) and The Merger Fund (MERFX).
SAVYX is managed by Virtus. It was launched on Mar 7, 1996. MERFX is managed by Virtus. It was launched on Jan 30, 1989.
Performance
SAVYX vs. MERFX - Performance Comparison
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SAVYX vs. MERFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAVYX Virtus Newfleet Core Plus Bond Fund | -0.49% | 7.28% | 2.55% | 6.65% | -11.94% | -0.60% | 7.58% | 10.86% | -1.48% | 5.76% |
MERFX The Merger Fund | 0.70% | 8.11% | 3.27% | 4.17% | 0.71% | -0.19% | 4.87% | 5.96% | 7.68% | 2.39% |
Returns By Period
In the year-to-date period, SAVYX achieves a -0.49% return, which is significantly lower than MERFX's 0.70% return. Over the past 10 years, SAVYX has underperformed MERFX with an annualized return of 2.69%, while MERFX has yielded a comparatively higher 3.90% annualized return.
SAVYX
- 1D
- 0.20%
- 1M
- -1.83%
- YTD
- -0.49%
- 6M
- 0.37%
- 1Y
- 4.06%
- 3Y*
- 4.18%
- 5Y*
- 0.95%
- 10Y*
- 2.69%
MERFX
- 1D
- 0.23%
- 1M
- 0.06%
- YTD
- 0.70%
- 6M
- 1.91%
- 1Y
- 6.44%
- 3Y*
- 5.38%
- 5Y*
- 3.06%
- 10Y*
- 3.90%
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SAVYX vs. MERFX - Expense Ratio Comparison
SAVYX has a 0.55% expense ratio, which is lower than MERFX's 1.50% expense ratio.
Return for Risk
SAVYX vs. MERFX — Risk / Return Rank
SAVYX
MERFX
SAVYX vs. MERFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Core Plus Bond Fund (SAVYX) and The Merger Fund (MERFX). 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.
| SAVYX | MERFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 4.26 | -3.16 |
Sortino ratioReturn per unit of downside risk | 1.58 | 8.13 | -6.55 |
Omega ratioGain probability vs. loss probability | 1.19 | 2.10 | -0.90 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 12.89 | -11.13 |
Martin ratioReturn relative to average drawdown | 5.82 | 61.05 | -55.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SAVYX | MERFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 4.26 | -3.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.89 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 1.04 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 0.68 | +0.58 |
Correlation
The correlation between SAVYX and MERFX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
SAVYX vs. MERFX - Dividend Comparison
SAVYX's dividend yield for the trailing twelve months is around 4.60%, less than MERFX's 7.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAVYX Virtus Newfleet Core Plus Bond Fund | 4.60% | 5.03% | 4.42% | 4.00% | 3.10% | 3.11% | 2.62% | 3.23% | 3.67% | 3.47% | 3.19% | 3.50% |
MERFX The Merger Fund | 7.37% | 7.42% | 3.24% | 2.59% | 3.50% | 0.27% | 3.31% | 1.34% | 4.52% | 0.59% | 0.32% | 1.25% |
Drawdowns
SAVYX vs. MERFX - Drawdown Comparison
The maximum SAVYX drawdown since its inception was -16.46%, smaller than the maximum MERFX drawdown of -20.82%. Use the drawdown chart below to compare losses from any high point for SAVYX and MERFX.
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Drawdown Indicators
| SAVYX | MERFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.46% | -20.82% | +4.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -0.52% | -2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -16.46% | -5.95% | -10.51% |
Max Drawdown (10Y)Largest decline over 10 years | -16.46% | -9.35% | -7.11% |
Current DrawdownCurrent decline from peak | -2.21% | 0.00% | -2.21% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -2.68% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.11% | +0.73% |
Volatility
SAVYX vs. MERFX - Volatility Comparison
Virtus Newfleet Core Plus Bond Fund (SAVYX) has a higher volatility of 1.42% compared to The Merger Fund (MERFX) at 0.49%. This indicates that SAVYX's price experiences larger fluctuations and is considered to be riskier than MERFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAVYX | MERFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 0.49% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 0.97% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.01% | 1.54% | +2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.03% | 3.45% | +1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.28% | 3.76% | +0.52% |