SEIX vs. NFLT
SEIX (Virtus Seix Senior Loan ETF) and NFLT (Virtus Newfleet Multi-Sector Bond ETF) are both exchange-traded funds - SEIX is a Bank Loan fund tracking the Credit Suisse Leveraged Loan Index, while NFLT is a Multisector Bonds fund actively managed by Virtus. SEIX is passively managed, while NFLT is actively managed. Over the past 5 years, SEIX returned 5.75%/yr vs 3.15%/yr for NFLT. At a 0.18 correlation, their price movements are largely independent. SEIX charges 0.57%/yr vs 0.50%/yr for NFLT.
Performance
SEIX vs. NFLT - Performance Comparison
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Returns By Period
In the year-to-date period, SEIX achieves a 2.09% return, which is significantly higher than NFLT's 1.50% return.
SEIX
- 1D
- -0.06%
- 1M
- 0.33%
- YTD
- 2.09%
- 6M
- 2.81%
- 1Y
- 6.07%
- 3Y*
- 8.17%
- 5Y*
- 5.75%
- 10Y*
- —
NFLT
- 1D
- -0.16%
- 1M
- 0.47%
- YTD
- 1.50%
- 6M
- 1.58%
- 1Y
- 7.11%
- 3Y*
- 7.38%
- 5Y*
- 3.15%
- 10Y*
- 4.13%
SEIX vs. NFLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SEIX Virtus Seix Senior Loan ETF | 2.09% | 5.10% | 8.42% | 12.51% | -1.77% | 5.49% | 3.17% | 3.46% |
NFLT Virtus Newfleet Multi-Sector Bond ETF | 1.50% | 8.77% | 6.05% | 9.16% | -9.49% | 1.18% | 8.02% | 4.93% |
Correlation
The correlation between SEIX and NFLT is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2019 | 0.18 |
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Return for Risk
SEIX vs. NFLT — Risk / Return Rank
SEIX
NFLT
SEIX vs. NFLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Seix Senior Loan ETF (SEIX) and Virtus Newfleet Multi-Sector Bond ETF (NFLT). 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.
| SEIX | NFLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.01 | ||
| Sortino ratioReturn per unit of downside risk | +3.55 | ||
| Omega ratioGain probability vs. loss probability | 1.86 | 1.33 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 5.39 | 2.95 | +2.44 |
| Martin ratioReturn relative to average drawdown | 21.57 | 13.00 | +8.57 |
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
| SEIX | NFLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.79 | 1.78 | +2.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.97 | 0.71 | +1.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 0.84 | +0.39 |
Drawdowns
SEIX vs. NFLT - Drawdown Comparison
The maximum SEIX drawdown since its inception was -17.51%, which is greater than NFLT's maximum drawdown of -15.17%. Use the drawdown chart below to compare losses from any high point for SEIX and NFLT.
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Drawdown Indicators
| SEIX | NFLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.51% | -15.17% | -2.34% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -2.42% | +1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -3.01% | -3.24% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -6.69% | -13.42% | +6.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.17% | — |
Current DrawdownCurrent decline from peak | -0.06% | -0.33% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -2.10% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 0.55% | -0.27% |
Volatility
SEIX vs. NFLT - Volatility Comparison
The current volatility for Virtus Seix Senior Loan ETF (SEIX) is 0.35%, while Virtus Newfleet Multi-Sector Bond ETF (NFLT) has a volatility of 1.19%. This indicates that SEIX experiences smaller price fluctuations and is considered to be less risky than NFLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEIX | NFLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 1.19% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 1.28% | 2.90% | -1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.61% | 4.01% | -2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.93% | 4.43% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.34% | 4.93% | -0.59% |
SEIX vs. NFLT - Expense Ratio Comparison
SEIX has a 0.57% expense ratio, which is higher than NFLT's 0.50% expense ratio.
Dividends
SEIX vs. NFLT - Dividend Comparison
SEIX's dividend yield for the trailing twelve months is around 7.25%, more than NFLT's 5.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFLT Virtus Newfleet Multi-Sector Bond ETF | 5.50% | 5.74% | 5.76% | 6.02% | 4.16% | 3.41% | 3.63% | 4.33% | 4.81% | 6.23% | 5.30% | 0.67% |
SEIX Virtus Seix Senior Loan ETF | 7.25% | 7.52% | 8.09% | 8.74% | 5.76% | 4.16% | 3.75% | 3.82% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SEIX and NFLT have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFLT has higher volatility (1.19%) compared to SEIX (0.35%). In terms of maximum drawdown, SEIX dropped -17.51% vs NFLT's -15.17%.
On 5-year performance, SEIX leads with 5.75% vs 3.15% for NFLT. On fees, NFLT is cheaper at 0.50% per year. On volatility, SEIX has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SEIX has performed better with a 5.75% return vs 3.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NFLT is cheaper with a 0.50% expense ratio, compared with 0.57% for SEIX.
SEIX has the higher dividend yield at 7.25%, compared with 5.50% for NFLT.
SEIX is categorized as Bank Loan, while NFLT is Multisector Bonds. Their fees differ too: 0.57% for SEIX and 0.50% for NFLT.
SEIX currently has the higher Sharpe Ratio (3.79 vs 1.78), 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.
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