SCETX vs. AZBIX

Last updated Jun 24, 2026

SCETX (Virtus Ceredex Small-Cap Value Equity Fund) and AZBIX (Virtus Small-Cap Fund) are both Small Cap Blend Equities funds. Over the past 10 years, SCETX returned 8.76%/yr vs 12.54%/yr for AZBIX. Their correlation of 0.89 suggests significant overlap in exposure. SCETX charges 1.15%/yr vs 0.89%/yr for AZBIX.

Performance

SCETX vs. AZBIX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with SCETX having a 22.46% return and AZBIX slightly lower at 21.60%. Over the past 10 years, SCETX has underperformed AZBIX with an annualized return of 8.76%, while AZBIX has yielded a comparatively higher 12.54% annualized return.

SCETX

• 1D: 0.65%
• 1M: 6.82%
• YTD: 22.46%
• 6M: 20.11%
• 1Y: 33.92%
• 3Y*: 15.23%
• 5Y*: 8.81%
• 10Y*: 8.76%

AZBIX

• 1D: 1.11%
• 1M: 5.08%
• YTD: 21.60%
• 6M: 19.04%
• 1Y: 37.51%
• 3Y*: 19.20%
• 5Y*: 8.96%
• 10Y*: 12.54%

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

SCETX vs. AZBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCETX Virtus Ceredex Small-Cap Value Equity Fund	22.46%	1.59%	8.53%	14.49%	-9.79%	27.43%	0.92%	17.62%	-12.81%	10.30%
AZBIX Virtus Small-Cap Fund	21.60%	8.49%	19.06%	14.09%	-18.04%	18.92%	16.98%	24.13%	-9.25%	21.27%

Correlation

The correlation between SCETX and AZBIX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jul 2, 2013	0.89

The correlation between SCETX and AZBIX has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.

Return for Risk

SCETX vs. AZBIX — Risk / Return Rank

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

SCETX

SCETX Risk / Return Rank: 56
SCETX Sharpe Ratio Rank: 53
SCETX Sortino Ratio Rank: 57
SCETX Omega Ratio Rank: 46
SCETX Calmar Ratio Rank: 69
SCETX Martin Ratio Rank: 55

AZBIX

AZBIX Risk / Return Rank: 74
AZBIX Sharpe Ratio Rank: 72
AZBIX Sortino Ratio Rank: 69
AZBIX Omega Ratio Rank: 58
AZBIX Calmar Ratio Rank: 89
AZBIX Martin Ratio Rank: 84

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.

SCETX vs. AZBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Ceredex Small-Cap Value Equity Fund (SCETX) 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.

	SCETX	AZBIX	Difference
Sharpe ratio: Return per unit of total volatility	1.97	2.27	-0.30
Sortino ratio: Return per unit of downside risk	2.90	3.16	-0.26
Omega ratio: Gain probability vs. loss probability	1.34	1.39	-0.04
Calmar ratio: Return relative to maximum drawdown	3.05	4.20	-1.16
Martin ratio: Return relative to average drawdown	10.54	14.64	-4.10

SCETX vs. AZBIX - Sharpe Ratio Comparison

The current SCETX Sharpe Ratio is 1.97, which is comparable to the AZBIX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of SCETX 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

SCETX vs. AZBIX - Drawdown Comparison

The maximum SCETX drawdown since its inception was -55.69%, which is greater than AZBIX's maximum drawdown of -40.80%. Use the drawdown chart below to compare losses from any high point for SCETX and AZBIX.

Drawdown Indicators

	SCETX	AZBIX	Difference
Max Drawdown Largest peak-to-trough decline	-55.69%	-40.80%	-14.89%
Max Drawdown (1Y) Largest decline over 1 year	-11.82%	-9.33%	-2.49%
Max Drawdown (3Y) Largest decline over 3 years	-31.66%	-29.01%	-2.65%
Max Drawdown (5Y) Largest decline over 5 years	-31.66%	-29.85%	-1.81%
Max Drawdown (10Y) Largest decline over 10 years	-48.64%	-40.80%	-7.84%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.61%	-7.69%	-1.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	2.67%	+0.74%

Volatility

SCETX vs. AZBIX - Volatility Comparison

The current volatility for Virtus Ceredex Small-Cap Value Equity Fund (SCETX) is 5.11%, while Virtus Small-Cap Fund (AZBIX) has a volatility of 5.63%. This indicates that SCETX 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

	SCETX	AZBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	5.63%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	12.98%	12.88%	+0.10%
Volatility (1Y) Calculated over the trailing 1-year period	18.29%	17.32%	+0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.92%	20.56%	+1.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.38%	21.40%	+0.98%

SCETX vs. AZBIX - Expense Ratio Comparison

SCETX has a 1.15% expense ratio, which is higher than AZBIX's 0.89% expense ratio.

Dividends

SCETX vs. AZBIX - Dividend Comparison

SCETX's dividend yield for the trailing twelve months is around 0.98%, less than AZBIX's 4.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AZBIX Virtus Small-Cap Fund	4.03%	4.90%	10.82%	2.31%	4.78%	13.82%	0.45%	0.38%	9.62%	13.80%	0.03%	3.59%
SCETX Virtus Ceredex Small-Cap Value Equity Fund	0.98%	1.09%	12.45%	11.39%	22.49%	18.08%	1.29%	5.64%	19.10%	17.59%	4.37%	37.54%

Frequently Asked Questions

Can I hold both SCETX and AZBIX in my portfolio?

SCETX 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, SCETX or AZBIX?

AZBIX has higher volatility (5.63%) compared to SCETX (5.11%). In terms of maximum drawdown, SCETX dropped -55.69% vs AZBIX's -40.80%.

Which has better risk-adjusted returns?

AZBIX currently has the higher Sharpe Ratio (2.27 vs 1.97), 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.