Virtus Newfleet Competition

NFLT Etf

USD 23.15 0.01 0.04%

Virtus Newfleet Multi competes with EA Series, Macquarie ETF, Simplify Exchange, IShares ESG, and WisdomTree Japan; as well as few others. Analyzing Virtus Newfleet competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Virtus Newfleet to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Virtus Newfleet Correlation with its peers.

Virtus Newfleet vs IShares MSCI Correlation

Very weak diversification

The correlation between Virtus Newfleet Multi Sector and EIDO is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Newfleet Multi Sector and EIDO in the same portfolio, assuming nothing else is changed.

Moving together with Virtus Etf

0.69	AXSIX	Axonic Strategic Income	Pair Corr
0.7	AXSAX	Axonic Strategic Income	Pair Corr
0.72	SMCRX	ALPSSmith Credit Opp	Pair Corr
0.71	SMCVX	ALPSSmith Credit Opp	Pair Corr
0.72	SMCAX	DEUTSCHE MID CAP	Pair Corr

Moving against Virtus Etf

0.89	VXX	iPath Series B Low Volatility	Pair Corr
0.89	VIXY	ProShares VIX Short Low Volatility	Pair Corr
0.87	VIXM	ProShares VIX Mid Low Volatility	Pair Corr
0.87	VXZ	iPath Series B Low Volatility	Pair Corr
0.49	YCL	ProShares Ultra Yen	Pair Corr

Specify up to 10 symbols:

Hype

Prediction

Low	Estimated	High
22.94	23.15	23.36

Details

Intrinsic

Valuation

Low	Real	High
22.88	23.09	23.30

Details

Naive

Forecast

Low	Next	High
22.95	23.17	23.38

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
22.96	23.06	23.17

Details

Virtus Newfleet Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Virtus Newfleet and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Virtus and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Virtus Newfleet Multi does not affect the price movement of the other competitor.

	BUXX	LRGG	HEQT	XJH	DFJ	PSCT	DFNL	CAPE	BGIG	EIDO
BUXX		-0.37	0.81	0.88	0.94	0.52	0.85	0.84	0.85	0.65	BUXX
LRGG	-0.37		0.11	-0.09	-0.22	0.11	-0.12	-0.17	-0.21	-0.21	LRGG
HEQT	0.81	0.11		0.95	0.91	0.79	0.85	0.83	0.86	0.53	HEQT
XJH	0.88	-0.09	0.95		0.95	0.79	0.86	0.89	0.9	0.61	XJH
DFJ	0.94	-0.22	0.91	0.95		0.7	0.83	0.89	0.92	0.58	DFJ
PSCT	0.52	0.11	0.79	0.79	0.7		0.52	0.55	0.7	0.38	PSCT
DFNL	0.85	-0.12	0.85	0.86	0.83	0.52		0.78	0.72	0.64	DFNL
CAPE	0.84	-0.17	0.83	0.89	0.89	0.55	0.78		0.92	0.52	CAPE
BGIG	0.85	-0.21	0.86	0.9	0.92	0.7	0.72	0.92		0.49	BGIG
EIDO	0.65	-0.21	0.53	0.61	0.58	0.38	0.64	0.52	0.49		EIDO
	BUXX	LRGG	HEQT	XJH	DFJ	PSCT	DFNL	CAPE	BGIG	EIDO

Please upgrade your account to get full access to Macroaxis premium features

High positive correlations

XJH	+ 0.95	HEQT
DFJ	+ 0.95	XJH
DFJ	+ 0.94	BUXX
BGIG	+ 0.92	DFJ
BGIG	+ 0.92	CAPE
DFJ	+ 0.91	HEQT

High negative correlations

LRGG	- 0.37	BUXX
DFJ	- 0.22	LRGG
EIDO	- 0.21	LRGG
BGIG	- 0.21	LRGG
CAPE	- 0.17	LRGG
DFNL	- 0.12	LRGG

Virtus Newfleet Constituents Risk-Adjusted Indicators

There is a big difference between Virtus Etf performing well and Virtus Newfleet ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Virtus Newfleet's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BUXX	0.05	0.00	(0.44)	(0.45)	0.00	(0.08)	0.15	(0.10)	0.45
LRGG	0.59	(0.11)	0.00	(0.10)	0.00	0.00	0.96	(1.35)	3.93
HEQT	0.29	0.01	(0.04)	0.08	0.32	(0.29)	0.59	(0.66)	2.14
XJH	0.73	0.03	0.03	0.08	0.80	(0.77)	1.95	(1.58)	3.90
DFJ	0.68	0.13	0.12	0.36	0.67	(0.73)	1.28	(1.18)	4.58
PSCT	1.41	0.00	0.02	0.05	2.13	(1.29)	2.81	(3.33)	10.50
DFNL	0.61	0.08	0.08	0.14	0.71	(0.62)	1.47	(1.28)	3.73
CAPE	0.45	0.00	(0.04)	0.05	0.54	(0.46)	1.33	(0.83)	2.74
BGIG	0.44	0.01	(0.01)	0.08	0.53	(0.46)	0.82	(0.95)	2.45
EIDO	0.70	(0.05)	0.00	(0.45)	0.00	0.00	1.22	(1.02)	12.26

Virtus Newfleet Competitive Analysis

The better you understand Virtus Newfleet competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Virtus Newfleet's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Virtus Newfleet's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	NFLT	BUXX	LRGG	HEQT	XJH	DFJ	PSCT	DFNL	CAPE	BGIG
	0.04 23.15 Virtus	0.05 20.27 BUXX	0.00 28.51 Macquarie	0.00 32.45 Simplify	1.02 46.35 IShares	0.00 102.39 WisdomTree	2.16 59.87 Invesco	0.29 47.99 Davis	0.12 32.95 Barclays	0.27 33.32 ETF
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Fair	Good	Weakest	Fair	Fair	Solid	Weak	Good	Good	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Over Valued	Fairly Valued	Fairly Valued	Fairly Valued	Under Valued	Fairly Valued	Under Valued	Fairly Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Sell	Strong Sell	Strong Hold	Hold	Hold	Buy	Cautious Hold	Buy	Hold	Strong Hold
Net Asset	31.06 M	N/A	N/A	66.34 M	84.73 M	147.81 M	363.7 M	173.28 M	128.9 M	N/A
Price To Book	N/A	N/A	N/A	N/A	N/A	0.89	2.56	N/A	N/A	N/A
Five Year Return	2.9	N/A	N/A	N/A	8.9	9.6	6.1	16.8	14.9	N/A
One Year Return	8.9	4.7	3.8	9.3	8.0	41.2	23.3	21.1	25.3	14.9
Last Dividend Paid	0.081	N/A	N/A	N/A	N/A	0.44	0.027	0.64	N/A	N/A
Beta	0.69	N/A	N/A	0.56	1.2	0.67	1.47	1.06	0.95	N/A
Price To Earning	N/A	N/A	N/A	N/A	N/A	13.73	29.21	N/A	N/A	N/A
Price To Sales	N/A	N/A	N/A	N/A	N/A	0.49	1.44	N/A	N/A	N/A
Equity Positions Weight	N/A	N/A	N/A	99.67	99.69	100.0	99.97	100.0	99.71	N/A
Three Year Return	7.1	N/A	N/A	14.0	10.3	19.3	11.4	20.7	20.4	N/A
Annual Yield	N/A	0.0192	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.0078
Bond Positions Weight	18.96	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Ten Year Return	4.4	N/A	N/A	N/A	N/A	9.3	14.4	N/A	15.2	N/A
Day Typical Price	23.14	20.27	28.55	32.44	46.38	102.33	60.16	48.0	32.87	33.23
Accumulation Distribution	0.0035	119.51	0.016	257.45	137.98	48.17	217.68	0.0079	253.38	146.26
Market Facilitation Index	0.08	N/A	0.46	0.0	0.0	0.0	1.0E-4	0.38	0.0	0.0
Daily Balance Of Power	0.125	1.0	N/A	N/A	(1.09)	N/A	(1.38)	(0.37)	(0.16)	0.3214
Period Momentum Indicator	0.01	0.01	N/A	N/A	(0.48)	N/A	(1.32)	(0.14)	(0.04)	0.09
Rate Of Daily Change	1.0	1.0	1.0	1.0	0.99	1.0	0.98	1.0	1.0	1.0
Day Median Price	23.13	20.27	28.57	32.43	46.39	102.31	60.3	48.0	32.83	33.18
Price Action Indicator	0.025	0.01	(0.06)	0.02	(0.28)	0.085	(1.09)	(0.08)	0.11	0.19
Relative Strength Index	60.17	58.95	38.99	57.81	54.19	65.75	50.29	53.43	60.67	61.73
Coefficient Of Variation	888.53	623.12	(1,291)	900.79	1041.92	510.69	1905.75	619.89	1656.04	999.91
Mean Deviation	0.1729	0.0548	0.5946	0.29	0.7256	0.6785	1.41	0.6139	0.451	0.4422
Jensen Alpha	0.0113	0.0031	(0.11)	0.0131	0.0271	0.1346	(0)	0.0787	(0.0005)	0.0147
Total Risk Alpha	(0.0008)	(0)	(0.13)	0.0058	0.0138	0.0969	(0.04)	0.0646	(0.02)	0.0061
Sortino Ratio	(0.14)	(0.44)	N/A	(0.04)	0.0321	0.1222	0.0173	0.0814	(0.04)	(0.01)
Downside Variance	0.065	0.0119	N/A	0.1987	0.8124	0.7512	5.21	0.7729	0.3801	0.3774
Standard Deviation	0.219	0.0798	0.7807	0.3906	0.9403	0.854	1.92	0.8234	0.6072	0.5486
Kurtosis	(0.03)	3.03	0.428	0.9076	(0.06)	0.4038	1.78	0.461	1.15	(0.20)
Potential Upside	0.3504	0.1479	0.9568	0.5932	1.95	1.28	2.81	1.47	1.33	0.8199
Treynor Ratio	0.2275	(0.45)	(0.1)	0.0844	0.0774	0.3572	0.0495	0.1428	0.0504	0.0762
Maximum Drawdown	1.01	0.4459	3.93	2.14	3.9	4.58	10.5	3.73	2.74	2.45
Variance	0.048	0.0064	0.6096	0.1526	0.8841	0.7292	3.69	0.6779	0.3686	0.3009
Market Risk Adjusted Performance	0.2375	(0.44)	(0.09)	0.0944	0.0874	0.3672	0.0595	0.1528	0.0604	0.0862
Risk Adjusted Performance	0.0586	0.0355	(0.06)	0.072	0.072	0.1437	0.0443	0.1183	0.0419	0.0694
Skewness	(0.39)	(0.29)	(0.64)	(0.42)	0.1431	(0.15)	(0.68)	(0.04)	0.1165	(0.51)
Semi Deviation	0.1728	0.0	N/A	0.3232	0.8022	0.6737	2.13	0.7056	0.543	0.5307
Information Ratio	(0.17)	(0.61)	(0.16)	(0.05)	0.0308	0.124	0.0206	0.0869	(0.04)	(0.01)
Value At Risk	(0.35)	(0.1)	(1.35)	(0.66)	(1.58)	(1.18)	(3.33)	(1.28)	(0.83)	(0.95)
Expected Short fall	(0.17)	(0.08)	N/A	(0.29)	(0.77)	(0.73)	(1.29)	(0.62)	(0.46)	(0.46)
Downside Deviation	0.255	0.1091	N/A	0.4458	0.9013	0.8667	2.28	0.8791	0.6165	0.6143
Semi Variance	0.0298	(0.01)	N/A	0.1045	0.6435	0.4539	4.55	0.4979	0.2949	0.2816

Virtus Newfleet Competition Performance Charts

Five steps to successful analysis of Virtus Newfleet Competition

Virtus Newfleet's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Virtus Newfleet Multi in relation to its competition. Virtus Newfleet's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Virtus Newfleet in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Virtus Newfleet's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Virtus Newfleet Multi, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Virtus Newfleet position

In addition to having Virtus Newfleet in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Global Macro ETFs Thematic Idea Now

Global Macro ETFs

ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Global Macro ETFs theme has 33 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Global Macro ETFs Theme or any other thematic opportunities.

View All Next

Launch

When determining whether Virtus Newfleet Multi is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Virtus Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Virtus Newfleet Multi Sector Etf. Highlighted below are key reports to facilitate an investment decision about Virtus Newfleet Multi Sector Etf:

How To Invest In Virtus

Details

ETF Directory

View

Largest Broad Debt ETFs Companies

View

Top Sectors

View

Check out Virtus Newfleet Correlation with its peers.

You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

The market value of Virtus Newfleet Multi is measured differently than its book value, which is the value of Virtus that is recorded on the company's balance sheet. Investors also form their own opinion of Virtus Newfleet's value that differs from its market value or its book value, called intrinsic value, which is Virtus Newfleet's true underlying value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Because Virtus Newfleet's market value can be influenced by many factors that don't directly affect Virtus Newfleet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

It's important to distinguish between Virtus Newfleet's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Virtus Newfleet should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Virtus Newfleet's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC

Virtus Newfleet Competition

Virtus Newfleet vs IShares MSCI Correlation

Very weak diversification

Moving together with Virtus Etf

Moving against Virtus Etf

Specify up to 10 symbols:

Virtus Newfleet Competition Correlation Matrix

High positive correlations

High negative correlations

Virtus Newfleet Constituents Risk-Adjusted Indicators

Virtus Newfleet Competitive Analysis

Virtus Newfleet Competition Performance Charts

Five steps to successful analysis of Virtus Newfleet Competition

Complement your Virtus Newfleet position

Did You Try This Idea?

Run Global Macro ETFs Thematic Idea Now

Global Macro ETFs

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY