VIMCX vs. HXBIX

Last updated Jul 15, 2026

VIMCX (Virtus KAR Mid-Cap Core Fund) and HXBIX (Virtus Newfleet Tax-Exempt Bond Fund) are both mutual funds - VIMCX is a Mid Cap Growth Equities fund managed by Virtus, while HXBIX is a Municipal Bonds fund managed by Virtus. At a correlation of -0.09, they often move in opposite directions. VIMCX charges 0.95%/yr vs 0.60%/yr for HXBIX.

Performance

VIMCX vs. HXBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus KAR Mid-Cap Core Fund (VIMCX) and Virtus Newfleet Tax-Exempt Bond Fund (HXBIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VIMCX

• 1D: 0.02%
• 1M: 0.62%
• 6M: -3.38%
• YTD: 0.99%
• 1Y: -2.40%
• 3Y*: 4.61%
• 5Y*: 2.70%
• 10Y*: 10.48%

HXBIX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VIMCX vs. HXBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIMCX Virtus KAR Mid-Cap Core Fund	0.99%	0.72%	5.20%	22.64%	-19.75%	25.28%	26.11%	31.74%	-4.18%	24.95%
HXBIX Virtus Newfleet Tax-Exempt Bond Fund	1.09%	4.22%	0.71%	4.72%	-7.76%	0.72%	4.27%	6.81%	0.59%	4.69%

Correlation

The correlation between VIMCX and HXBIX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009	-0.09

The correlation between VIMCX and HXBIX shifts across timeframes, from -0.09 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

VIMCX vs. HXBIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VIMCX

VIMCX Risk / Return Rank: 2
VIMCX Sharpe Ratio Rank: 2
VIMCX Sortino Ratio Rank: 2
VIMCX Omega Ratio Rank: 2
VIMCX Calmar Ratio Rank: 2
VIMCX Martin Ratio Rank: 2

HXBIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

VIMCX vs. HXBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus KAR Mid-Cap Core Fund (VIMCX) and Virtus Newfleet Tax-Exempt Bond Fund (HXBIX). 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.

	VIMCX	HXBIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.15	—	—
Sortino ratio: Return per unit of downside risk	-0.10	—	—
Omega ratio: Gain probability vs. loss probability	0.99	—	—
Calmar ratio: Return relative to maximum drawdown	-0.20	—	—
Martin ratio: Return relative to average drawdown	-0.50	—	—

Drawdowns

Drawdown Indicators

	VIMCX	HXBIX	Difference
Max Drawdown Largest peak-to-trough decline	-33.92%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-12.14%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.32%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.92%	—	—
Current Drawdown Current decline from peak	-5.59%	—	—
Average Drawdown Average peak-to-trough decline	-4.89%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.93%	—	—

Volatility

Volatility by Period

	VIMCX	HXBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.60%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.33%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.22%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.65%	—	—

VIMCX vs. HXBIX - Expense Ratio Comparison

VIMCX has a 0.95% expense ratio, which is higher than HXBIX's 0.60% expense ratio.

Dividends

VIMCX vs. HXBIX - Dividend Comparison

VIMCX's dividend yield for the trailing twelve months is around 4.37%, more than HXBIX's 3.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HXBIX Virtus Newfleet Tax-Exempt Bond Fund	3.51%	3.01%	2.47%	2.61%	2.58%	2.05%	2.93%	2.60%	3.41%	3.51%	2.78%	2.87%
VIMCX Virtus KAR Mid-Cap Core Fund	4.37%	4.41%	0.00%	2.36%	0.23%	1.58%	0.67%	0.94%	0.77%	0.29%	0.00%	0.63%

Frequently Asked Questions

Can I hold both VIMCX and HXBIX in my portfolio?

VIMCX and HXBIX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.