SFHIX vs. PSFIX
SFHIX (Shenkman Capital Floating Rate High Income Fund) and PSFIX (Virtus Newfleet Senior Floating Rate Fund) are both Bank Loan funds. Over the past 10 years, SFHIX returned 26.12%/yr vs 4.52%/yr for PSFIX. A 0.56 correlation means they provide meaningful diversification when combined. SFHIX charges 0.54%/yr vs 0.69%/yr for PSFIX.
Performance
SFHIX vs. PSFIX - Performance Comparison
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Returns By Period
In the year-to-date period, SFHIX achieves a 1.47% return, which is significantly higher than PSFIX's 1.32% return. Over the past 10 years, SFHIX has outperformed PSFIX with an annualized return of 26.12%, while PSFIX has yielded a comparatively lower 4.52% annualized return.
SFHIX
- 1D
- 0.00%
- 1M
- 0.51%
- YTD
- 1.47%
- 6M
- 1.60%
- 1Y
- 4.82%
- 3Y*
- 7.16%
- 5Y*
- 5.37%
- 10Y*
- 26.12%
PSFIX
- 1D
- 0.00%
- 1M
- 0.20%
- YTD
- 1.32%
- 6M
- 1.93%
- 1Y
- 4.82%
- 3Y*
- 6.95%
- 5Y*
- 5.21%
- 10Y*
- 4.52%
SFHIX vs. PSFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SFHIX Shenkman Capital Floating Rate High Income Fund | 1.47% | 5.70% | 8.14% | 11.50% | -0.95% | 3.90% | 1.77% | 588.11% | 0.53% | 3.64% |
PSFIX Virtus Newfleet Senior Floating Rate Fund | 1.32% | 5.11% | 7.59% | 10.67% | -0.21% | 4.51% | 0.94% | 8.29% | -0.95% | 3.11% |
Correlation
The correlation between SFHIX and PSFIX is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.56 |
The correlation between SFHIX and PSFIX shifts across timeframes, from 0.45 (3 years) to 0.56 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SFHIX vs. PSFIX — Risk / Return Rank
SFHIX
PSFIX
SFHIX vs. PSFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shenkman Capital Floating Rate High Income Fund (SFHIX) and Virtus Newfleet Senior Floating Rate Fund (PSFIX). 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.
| SFHIX | PSFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.84 | 1.76 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 5.47 | -3.32 |
| Martin ratioReturn relative to average drawdown | 7.61 | 17.73 | -10.12 |
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Drawdowns
SFHIX vs. PSFIX - Drawdown Comparison
The maximum SFHIX drawdown since its inception was -19.94%, smaller than the maximum PSFIX drawdown of -22.76%. Use the drawdown chart below to compare losses from any high point for SFHIX and PSFIX.
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Drawdown Indicators
| SFHIX | PSFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.94% | -22.76% | +2.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.25% | -0.88% | -1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -2.25% | -2.62% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -5.57% | -5.78% | +0.21% |
Max Drawdown (10Y)Largest decline over 10 years | -19.94% | -22.76% | +2.82% |
Current DrawdownCurrent decline from peak | 0.00% | -0.24% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -0.86% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.27% | +0.36% |
Volatility
SFHIX vs. PSFIX - Volatility Comparison
The current volatility for Shenkman Capital Floating Rate High Income Fund (SFHIX) is 0.47%, while Virtus Newfleet Senior Floating Rate Fund (PSFIX) has a volatility of 0.50%. This indicates that SFHIX experiences smaller price fluctuations and is considered to be less risky than PSFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SFHIX | PSFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 0.50% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.44% | 1.65% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.67% | 2.29% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.01% | 2.82% | -0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.70% | 4.16% | +42.54% |
SFHIX vs. PSFIX - Expense Ratio Comparison
SFHIX has a 0.54% expense ratio, which is lower than PSFIX's 0.69% expense ratio.
Dividends
SFHIX vs. PSFIX - Dividend Comparison
SFHIX's dividend yield for the trailing twelve months is around 7.60%, more than PSFIX's 6.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSFIX Virtus Newfleet Senior Floating Rate Fund | 6.65% | 7.22% | 7.77% | 7.48% | 4.85% | 2.84% | 3.98% | 5.29% | 5.07% | 4.03% | 3.95% | 4.40% |
SFHIX Shenkman Capital Floating Rate High Income Fund | 7.60% | 7.61% | 8.07% | 8.06% | 4.99% | 3.20% | 3.93% | 142.83% | 5.03% | 4.00% | 4.22% | 4.58% |
Frequently Asked Questions
SFHIX and PSFIX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSFIX has higher volatility (0.50%) compared to SFHIX (0.47%). In terms of maximum drawdown, SFHIX dropped -19.94% vs PSFIX's -22.76%.
SFHIX currently has the higher Sharpe Ratio (2.90 vs 2.12), 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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