STVTX vs. ASFYX

Last updated Aug 1, 2026

STVTX (Virtus Ceredex Large-Cap Value Equity Fund) and ASFYX (Virtus AlphaSimplex Managed Futures Strategy Fund Class I) are both mutual funds - STVTX is a Large Cap Value Equities fund managed by Virtus, while ASFYX is a Systematic Trend fund actively managed by Virtus. Over the past 10 years, STVTX returned 10.54%/yr vs 2.08%/yr for ASFYX. Their 0.17 correlation means their historical movements had little consistent relationship. STVTX charges 0.97%/yr vs 1.45%/yr for ASFYX.

Performance

STVTX vs. ASFYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Ceredex Large-Cap Value Equity Fund (STVTX) and Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STVTX achieves a 19.01% return, which is significantly higher than ASFYX's 9.56% return. Over the past 10 years, STVTX has outperformed ASFYX with an annualized return of 10.54%, while ASFYX has yielded a comparatively lower 2.08% annualized return.

STVTX

• 1D: 1.38%
• 1M: 0.45%
• 6M: 13.95%
• YTD: 19.01%
• 1Y: 27.64%
• 3Y*: 15.44%
• 5Y*: 9.27%
• 10Y*: 10.54%
• ALL TIME*: 9.44%

ASFYX

• 1D: -0.35%
• 1M: 1.07%
• 6M: 5.34%
• YTD: 9.56%
• 1Y: 21.27%
• 3Y*: -3.32%
• 5Y*: 2.26%
• 10Y*: 2.08%
• ALL TIME*: 3.84%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASFYX Virtus AlphaSimplex Managed Futures Strategy Fund Class I	$0.00	$0.00	$0.00
STVTX Virtus Ceredex Large-Cap Value Equity Fund	$0.00	$0.00	$0.00

STVTX vs. ASFYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STVTX Virtus Ceredex Large-Cap Value Equity Fund	19.01%	11.95%	9.91%	14.84%	-13.97%	25.70%	3.75%	31.00%	-10.77%	16.24%
ASFYX Virtus AlphaSimplex Managed Futures Strategy Fund Class I	9.56%	-9.67%	-3.22%	-10.33%	35.67%	3.52%	13.59%	8.99%	-12.59%	6.78%

Correlation

The correlation between STVTX and ASFYX is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (3Y) Balances recent behavior with more history.	0.28
Correlation (5Y) Shows whether the relationship held over a longer period.	0.12
Correlation (10Y) Provides a long-term view across more market conditions.	0.17
Correlation (All Time) Calculated using the full available price history since Aug 3, 2010	0.17

Over the past year, STVTX and ASFYX have become more correlated (0.39) than their long-term average of 0.17, meaning their price movements have been converging.

Return for Risk

STVTX vs. ASFYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

STVTX

STVTX Risk / Return Rank: 80
STVTX Sharpe Ratio Rank: 76
STVTX Sortino Ratio Rank: 75
STVTX Omega Ratio Rank: 71
STVTX Calmar Ratio Rank: 87
STVTX Martin Ratio Rank: 89

ASFYX

ASFYX Risk / Return Rank: 66
ASFYX Sharpe Ratio Rank: 67
ASFYX Sortino Ratio Rank: 61
ASFYX Omega Ratio Rank: 60
ASFYX Calmar Ratio Rank: 81
ASFYX Martin Ratio Rank: 60

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

STVTX vs. ASFYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Ceredex Large-Cap Value Equity Fund (STVTX) and Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX). 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.

	STVTX	ASFYX	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.55	+0.26
Sortino ratio: Return per unit of downside risk	2.61	2.08	+0.52
Omega ratio: Gain probability vs. loss probability	1.32	1.26	+0.06
Calmar ratio: Return relative to maximum drawdown	3.17	2.63	+0.54
Martin ratio: Return relative to average drawdown	12.26	7.58	+4.68

STVTX vs. ASFYX - Sharpe Ratio Comparison

The current STVTX Sharpe Ratio is 1.81, which is comparable to the ASFYX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of STVTX and ASFYX, 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

STVTX vs. ASFYX - Drawdown Comparison

The maximum STVTX drawdown since its inception was -53.12%, which is greater than ASFYX's maximum drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for STVTX and ASFYX.

Drawdown Indicators

	STVTX	ASFYX	Difference
Max Drawdown Largest peak-to-trough decline	-53.12%	-36.43%	-16.69%
Max Drawdown (1Y) Largest decline over 1 year	-8.06%	-7.42%	-0.64%
Max Drawdown (3Y) Largest decline over 3 years	-29.49%	-30.32%	+0.83%
Max Drawdown (5Y) Largest decline over 5 years	-29.49%	-36.43%	+6.94%
Max Drawdown (10Y) Largest decline over 10 years	-41.46%	-36.43%	-5.03%
Current Drawdown Current decline from peak	0.00%	-22.26%	+22.26%
Average Drawdown Average peak-to-trough decline	-7.66%	-13.26%	+5.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	2.57%	-0.49%

Volatility

STVTX vs. ASFYX - Volatility Comparison

Virtus Ceredex Large-Cap Value Equity Fund (STVTX) and Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) have volatilities of 2.95% and 2.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STVTX	ASFYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	2.89%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	11.15%	9.77%	+1.38%
Volatility (1Y) Calculated over the trailing 1-year period	14.16%	12.62%	+1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.15%	13.79%	+7.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.33%	12.74%	+7.59%

STVTX vs. ASFYX - Expense Ratio Comparison

STVTX has a 0.97% expense ratio, which is lower than ASFYX's 1.45% expense ratio.

Dividends

STVTX vs. ASFYX - Dividend Comparison

STVTX's dividend yield for the trailing twelve months is around 15.49%, more than ASFYX's 1.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASFYX Virtus AlphaSimplex Managed Futures Strategy Fund Class I	1.39%	1.52%	1.46%	0.99%	32.48%	6.07%	3.40%	5.51%	1.30%	0.07%	0.01%	5.06%
STVTX Virtus Ceredex Large-Cap Value Equity Fund	15.49%	15.05%	22.34%	2.47%	11.17%	31.52%	5.63%	6.98%	29.94%	17.07%	0.39%	10.54%

Frequently Asked Questions

Can I hold both STVTX and ASFYX in my portfolio?

STVTX and ASFYX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STVTX or ASFYX?

STVTX has higher volatility (2.95%) compared to ASFYX (2.89%). In terms of maximum drawdown, STVTX dropped -53.12% vs ASFYX's -36.43%.

Which has better risk-adjusted returns?

STVTX currently has the higher Sharpe Ratio (1.81 vs 1.55), 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.