HFXI vs VGI
NYLI FTSE International Equity Currency Neutral ETF vs Virtus Global Multi-Sector Income Fund
Quick Verdict
HFXI has a lower expense ratio. HFXI delivered stronger 1-year returns. HFXI offers more diversification with 759 holdings.
Side-by-Side Comparison
| Metric | HFXI | VGI | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 1.74% | |
| AUM | $2.0B | $88M | |
| Dividend Yield | 3.96% | 11.98% | |
| Holdings | 858 | 646 | |
| YTD Return | +18.37% | +1.20% | |
| 1Y Return | +31.28% | +4.44% | |
| 3Y Return (annualized) | +21.18% | +11.02% | |
| 5Y Return (annualized) | +12.34% | +1.85% | |
| Volatility (annualized) | 13.9% | 14.1% | |
| Max Drawdown | -34.2% | -63.3% | |
| Fund Family | INDEXIQ ETF TRUST | Virtus Investment Partners | |
| Category | Equity | Fixed Income | |
| Inception | Jul 22, 2015 | Feb 23, 2012 |
HFXI vs VGI Performance
NYLI FTSE International Equity Currency Neutral ETF (HFXI) is a ETF from INDEXIQ ETF TRUST and Virtus Global Multi-Sector Income Fund (VGI) is a ETF from Virtus Investment Partners. Over the past year HFXI returned +31.28% while VGI returned +4.44%. Year to date, HFXI is up 18.37% versus a gain of 1.20% for VGI.
Over three years, HFXI compounded at +21.18% per year against +11.02% for VGI; over five years the annualized figures are +12.34% and +1.85% respectively. Across the full 11-year window we track, HFXI has the edge at +8.03% annualized vs -2.40%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VGI has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.9% for HFXI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -34.2% for HFXI and -63.3% for VGI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HFXI charges 0.20% per year while VGI charges 1.74%. On a $10,000 position that is $20 vs $174 annually, a gap of $154 per year that compounds over a long holding period. On income, HFXI currently yields 3.96% against 11.98% for VGI.
Holdings Overlap
HFXI and VGI share 0 holdings out of 1193 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HFXI or VGI?
HFXI has an expense ratio of 0.20% while VGI charges 1.74%. HFXI is the cheaper option. On a $10,000 investment, that is $154 per year of difference.
Which performed better, HFXI or VGI?
Over the past year HFXI returned +31.28% vs +4.44% for VGI, so HFXI leads on 1-year performance. Over the longest common window we track (11 years), HFXI annualized +8.03% vs -2.40% for VGI. Past performance does not guarantee future results.
Which is riskier, HFXI or VGI?
VGI has been the more volatile fund at 14.1% annualized versus 13.9% for HFXI. Worst drawdown: HFXI -34.2% vs VGI -63.3%.
Should I hold both HFXI and VGI?
HFXI and VGI have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HFXI and VGI?
HFXI and VGI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1193 unique securities.
Which pays a higher dividend, HFXI or VGI?
HFXI yields 3.96% while VGI yields 11.98%, so VGI currently pays the higher dividend yield.
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