SCETX vs. NAINX

Last updated Jun 24, 2026

SCETX (Virtus Ceredex Small-Cap Value Equity Fund) and NAINX (Virtus Tactical Allocation Fund) are both mutual funds - SCETX is a Small Cap Blend Equities fund managed by Virtus, while NAINX is a Diversified Portfolio fund managed by Virtus. Over the past 10 years, SCETX returned 8.76%/yr vs 8.32%/yr for NAINX. A 0.75 correlation means they provide meaningful diversification when combined. SCETX charges 1.15%/yr vs 1.00%/yr for NAINX.

Performance

SCETX vs. NAINX - 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 Tactical Allocation Fund (NAINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCETX achieves a 22.46% return, which is significantly higher than NAINX's 0.89% return. Over the past 10 years, SCETX has outperformed NAINX with an annualized return of 8.76%, while NAINX has yielded a comparatively lower 8.32% 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%

NAINX

• 1D: -0.92%
• 1M: 1.69%
• YTD: 0.89%
• 6M: 0.48%
• 1Y: 2.23%
• 3Y*: 10.22%
• 5Y*: 2.05%
• 10Y*: 8.32%

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

SCETX vs. NAINX - 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%
NAINX Virtus Tactical Allocation Fund	0.89%	6.83%	14.00%	22.38%	-28.48%	6.63%	31.47%	28.49%	-7.19%	19.84%

Correlation

The correlation between SCETX and NAINX is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jan 31, 1997	0.75

The correlation between SCETX and NAINX shifts across timeframes, from 0.62 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SCETX vs. NAINX — 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

NAINX

NAINX Risk / Return Rank: 5
NAINX Sharpe Ratio Rank: 5
NAINX Sortino Ratio Rank: 5
NAINX Omega Ratio Rank: 5
NAINX Calmar Ratio Rank: 5
NAINX Martin Ratio Rank: 5

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. NAINX - 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 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.

	SCETX	NAINX	Difference
Sharpe ratio: Return per unit of total volatility	1.97	0.32	+1.66
Sortino ratio: Return per unit of downside risk	2.90	0.51	+2.39
Omega ratio: Gain probability vs. loss probability	1.34	1.06	+0.28
Calmar ratio: Return relative to maximum drawdown	3.05	0.29	+2.75
Martin ratio: Return relative to average drawdown	10.54	0.96	+9.58

SCETX vs. NAINX - Sharpe Ratio Comparison

The current SCETX Sharpe Ratio is 1.97, which is higher than the NAINX Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of SCETX 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

SCETX vs. NAINX - Drawdown Comparison

The maximum SCETX drawdown since its inception was -55.69%, which is greater than NAINX's maximum drawdown of -36.50%. Use the drawdown chart below to compare losses from any high point for SCETX and NAINX.

Drawdown Indicators

	SCETX	NAINX	Difference
Max Drawdown Largest peak-to-trough decline	-55.69%	-36.50%	-19.19%
Max Drawdown (1Y) Largest decline over 1 year	-11.82%	-10.19%	-1.63%
Max Drawdown (3Y) Largest decline over 3 years	-31.66%	-11.79%	-19.87%
Max Drawdown (5Y) Largest decline over 5 years	-31.66%	-36.50%	+4.84%
Max Drawdown (10Y) Largest decline over 10 years	-48.64%	-36.50%	-12.14%
Current Drawdown Current decline from peak	0.00%	-1.39%	+1.39%
Average Drawdown Average peak-to-trough decline	-9.61%	-5.27%	-4.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	3.10%	+0.31%

Volatility

SCETX vs. NAINX - Volatility Comparison

Virtus Ceredex Small-Cap Value Equity Fund (SCETX) has a higher volatility of 5.11% compared to Virtus Tactical Allocation Fund (NAINX) at 4.10%. This indicates that SCETX's price experiences larger fluctuations and is considered to be riskier than NAINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCETX	NAINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	4.10%	+1.01%
Volatility (6M) Calculated over the trailing 6-month period	12.98%	7.84%	+5.14%
Volatility (1Y) Calculated over the trailing 1-year period	18.29%	9.45%	+8.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.92%	13.77%	+8.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.38%	13.34%	+9.04%

SCETX vs. NAINX - Expense Ratio Comparison

SCETX has a 1.15% expense ratio, which is higher than NAINX's 1.00% expense ratio.

Dividends

SCETX vs. NAINX - Dividend Comparison

SCETX's dividend yield for the trailing twelve months is around 0.98%, less than NAINX's 15.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NAINX Virtus Tactical Allocation Fund	15.90%	15.87%	13.38%	1.94%	7.34%	7.54%	2.06%	2.24%	4.41%	2.61%	10.78%	7.34%
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 NAINX in my portfolio?

SCETX and NAINX have a correlation of 0.62, 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 NAINX?

SCETX has higher volatility (5.11%) compared to NAINX (4.10%). In terms of maximum drawdown, SCETX dropped -55.69% vs NAINX's -36.50%.

Which has better risk-adjusted returns?

SCETX currently has the higher Sharpe Ratio (1.97 vs 0.32), 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.