VGI vs. MERFX
Compare and contrast key facts about Virtus Global Multi-Sector Income Fund (VGI) and The Merger Fund (MERFX).
VGI is managed by Virtus. MERFX is managed by Virtus. It was launched on Jan 30, 1989.
Performance
VGI vs. MERFX - Performance Comparison
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VGI vs. MERFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGI Virtus Global Multi-Sector Income Fund | -2.92% | 16.14% | 10.43% | 14.58% | -21.70% | 1.40% | 9.81% | 27.29% | -28.73% | 27.46% |
MERFX The Merger Fund | 0.46% | 8.11% | 3.27% | 4.17% | 0.71% | -0.19% | 4.87% | 5.96% | 7.68% | 2.39% |
Returns By Period
In the year-to-date period, VGI achieves a -2.92% return, which is significantly lower than MERFX's 0.46% return. Over the past 10 years, VGI has outperformed MERFX with an annualized return of 5.57%, while MERFX has yielded a comparatively lower 3.88% annualized return.
VGI
- 1D
- 2.22%
- 1M
- -5.23%
- YTD
- -2.92%
- 6M
- -1.22%
- 1Y
- 7.92%
- 3Y*
- 11.46%
- 5Y*
- 2.18%
- 10Y*
- 5.57%
MERFX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.46%
- 6M
- 1.84%
- 1Y
- 6.26%
- 3Y*
- 5.30%
- 5Y*
- 3.09%
- 10Y*
- 3.88%
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VGI vs. MERFX - Expense Ratio Comparison
Return for Risk
VGI vs. MERFX — Risk / Return Rank
VGI
MERFX
VGI vs. MERFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Global Multi-Sector Income Fund (VGI) and The Merger Fund (MERFX). 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.
| VGI | MERFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 4.24 | -3.44 |
Sortino ratioReturn per unit of downside risk | 1.06 | 8.05 | -6.99 |
Omega ratioGain probability vs. loss probability | 1.17 | 2.09 | -0.92 |
Calmar ratioReturn relative to maximum drawdown | 0.98 | 12.42 | -11.44 |
Martin ratioReturn relative to average drawdown | 3.71 | 58.81 | -55.10 |
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
| VGI | MERFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 4.24 | -3.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.90 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 1.03 | -0.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.68 | -0.39 |
Correlation
The correlation between VGI and MERFX is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VGI vs. MERFX - Dividend Comparison
VGI's dividend yield for the trailing twelve months is around 13.01%, more than MERFX's 7.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGI Virtus Global Multi-Sector Income Fund | 13.01% | 12.24% | 12.57% | 12.26% | 13.42% | 10.22% | 11.81% | 12.10% | 15.00% | 10.70% | 12.21% | 15.60% |
MERFX The Merger Fund | 7.38% | 7.42% | 3.24% | 2.59% | 3.50% | 0.27% | 3.31% | 1.34% | 4.52% | 0.59% | 0.32% | 1.25% |
Drawdowns
VGI vs. MERFX - Drawdown Comparison
The maximum VGI drawdown since its inception was -48.08%, which is greater than MERFX's maximum drawdown of -20.82%. Use the drawdown chart below to compare losses from any high point for VGI and MERFX.
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Drawdown Indicators
| VGI | MERFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.08% | -20.82% | -27.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -0.52% | -7.69% |
Max Drawdown (5Y)Largest decline over 5 years | -33.79% | -5.95% | -27.84% |
Max Drawdown (10Y)Largest decline over 10 years | -48.08% | -9.35% | -38.73% |
Current DrawdownCurrent decline from peak | -6.18% | -0.17% | -6.01% |
Average DrawdownAverage peak-to-trough decline | -10.51% | -2.68% | -7.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 0.11% | +2.06% |
Volatility
VGI vs. MERFX - Volatility Comparison
Virtus Global Multi-Sector Income Fund (VGI) has a higher volatility of 4.25% compared to The Merger Fund (MERFX) at 0.47%. This indicates that VGI's price experiences larger fluctuations and is considered to be riskier than MERFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGI | MERFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 0.47% | +3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 5.94% | 1.00% | +4.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.89% | 1.53% | +8.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.98% | 3.45% | +7.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.72% | 3.76% | +12.96% |