Virtus Investment Partners (VRTS)
Market Price (2/27/2026): $144.84 | Market Cap: $978.7 MilSector: Financials | Industry: Asset Management & Custody Banks
Virtus Investment Partners (VRTS)
Market Price (2/27/2026): $144.84Market Cap: $978.7 MilSector: FinancialsIndustry: Asset Management & Custody Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 21%, Dividend Yield is 6.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 16%, FCF Yield is 7.1% | Weak multi-year price returns2Y Excs Rtn is -68%, 3Y Excs Rtn is -94% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 211% |
| Low stock price volatilityVol 12M is 36% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.4%, Rev Chg QQuarterly Revenue Change % is -4.8% | |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, Digital & Alternative Assets, and Sustainable Finance. Themes include Wealth Management Technology, Show more. | Key risksVRTS key risks include [1] high financial vulnerability to market fluctuations, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 21%, Dividend Yield is 6.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 16%, FCF Yield is 7.1% |
| Low stock price volatilityVol 12M is 36% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, Digital & Alternative Assets, and Sustainable Finance. Themes include Wealth Management Technology, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -68%, 3Y Excs Rtn is -94% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 211% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.4%, Rev Chg QQuarterly Revenue Change % is -4.8% |
| Key risksVRTS key risks include [1] high financial vulnerability to market fluctuations, Show more. |
Qualitative Assessment
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Virtus Investment Partners (VRTS) stock has lost about 10% since 10/31/2025 because of the following key factors:
1. Significant Decline in Assets Under Management (AUM) and Substantial Net Outflows.
Virtus Investment Partners experienced a notable reduction in its Assets Under Management, falling from $169.3 billion at September 30, 2025, to $159.5 billion by December 31, 2025. This decline was primarily driven by significant net outflows totaling $8.1 billion in the fourth quarter of 2025, a substantial increase from $3.9 billion in the preceding quarter. These outflows were particularly pronounced in institutional accounts and retail separate accounts, as well as U.S. retail funds.
2. Adjusted Earnings Per Share (EPS) Missed Analyst Expectations.
The company reported adjusted earnings per share of $6.50 for the fourth quarter of 2025, which fell short of analyst expectations of $6.61 by 1.66%. This adjusted EPS also represented a decrease from the $6.69 reported in the prior quarter, a sequential decline attributed mainly to lower average assets.
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1. Significant Decline in Assets Under Management (AUM) and Substantial Net Outflows.
Virtus Investment Partners experienced a notable reduction in its Assets Under Management, falling from $169.3 billion at September 30, 2025, to $159.5 billion by December 31, 2025. This decline was primarily driven by significant net outflows totaling $8.1 billion in the fourth quarter of 2025, a substantial increase from $3.9 billion in the preceding quarter. These outflows were particularly pronounced in institutional accounts and retail separate accounts, as well as U.S. retail funds.
2. Adjusted Earnings Per Share (EPS) Missed Analyst Expectations.
The company reported adjusted earnings per share of $6.50 for the fourth quarter of 2025, which fell short of analyst expectations of $6.61 by 1.66%. This adjusted EPS also represented a decrease from the $6.69 reported in the prior quarter, a sequential decline attributed mainly to lower average assets.
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Stock Movement Drivers
Fundamental Drivers
The -10.2% change in VRTS stock from 10/31/2025 to 2/26/2026 was primarily driven by a -5.6% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2262026 | Change |
|---|---|---|---|
| Stock Price ($) | 160.46 | 144.15 | -10.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 885 | 874 | -1.2% |
| Net Income Margin (%) | 16.4% | 15.6% | -5.1% |
| P/E Multiple | 7.6 | 7.1 | -5.6% |
| Shares Outstanding (Mil) | 7 | 7 | 1.5% |
| Cumulative Contribution | -10.2% |
Market Drivers
10/31/2025 to 2/26/2026| Return | Correlation | |
|---|---|---|
| VRTS | -10.2% | |
| Market (SPY) | 1.1% | 21.8% |
| Sector (XLF) | 0.2% | 45.7% |
Fundamental Drivers
The -23.2% change in VRTS stock from 7/31/2025 to 2/26/2026 was primarily driven by a -34.0% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2262026 | Change |
|---|---|---|---|
| Stock Price ($) | 187.71 | 144.15 | -23.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 899 | 874 | -2.7% |
| Net Income Margin (%) | 13.4% | 15.6% | 16.2% |
| P/E Multiple | 10.8 | 7.1 | -34.0% |
| Shares Outstanding (Mil) | 7 | 7 | 2.9% |
| Cumulative Contribution | -23.2% |
Market Drivers
7/31/2025 to 2/26/2026| Return | Correlation | |
|---|---|---|
| VRTS | -23.2% | |
| Market (SPY) | 9.4% | 33.1% |
| Sector (XLF) | 0.6% | 52.3% |
Fundamental Drivers
The -23.6% change in VRTS stock from 1/31/2025 to 2/26/2026 was primarily driven by a -36.1% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2262026 | Change |
|---|---|---|---|
| Stock Price ($) | 188.74 | 144.15 | -23.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 884 | 874 | -1.2% |
| Net Income Margin (%) | 13.5% | 15.6% | 15.6% |
| P/E Multiple | 11.2 | 7.1 | -36.1% |
| Shares Outstanding (Mil) | 7 | 7 | 4.6% |
| Cumulative Contribution | -23.6% |
Market Drivers
1/31/2025 to 2/26/2026| Return | Correlation | |
|---|---|---|
| VRTS | -23.6% | |
| Market (SPY) | 15.5% | 55.0% |
| Sector (XLF) | 3.1% | 60.0% |
Fundamental Drivers
The -23.7% change in VRTS stock from 1/31/2023 to 2/26/2026 was primarily driven by a -31.7% change in the company's P/E Multiple.| (LTM values as of) | 1312023 | 2262026 | Change |
|---|---|---|---|
| Stock Price ($) | 188.92 | 144.15 | -23.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 949 | 874 | -7.9% |
| Net Income Margin (%) | 13.9% | 15.6% | 12.1% |
| P/E Multiple | 10.5 | 7.1 | -31.7% |
| Shares Outstanding (Mil) | 7 | 7 | 8.2% |
| Cumulative Contribution | -23.7% |
Market Drivers
1/31/2023 to 2/26/2026| Return | Correlation | |
|---|---|---|
| VRTS | -23.7% | |
| Market (SPY) | 75.9% | 53.1% |
| Sector (XLF) | 50.2% | 61.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| VRTS Return | 39% | -33% | 31% | -6% | -22% | -11% | -21% |
| Peers Return | 41% | -16% | 3% | 7% | 33% | 5% | 84% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| VRTS Win Rate | 42% | 33% | 58% | 42% | 42% | 50% | |
| Peers Win Rate | 68% | 43% | 48% | 58% | 60% | 70% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| VRTS Max Drawdown | -6% | -49% | -11% | -18% | -34% | -16% | |
| Peers Max Drawdown | -3% | -36% | -19% | -13% | -22% | -3% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AMG, BEN, TROW, IVZ, FHI. See VRTS Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/26/2026 (YTD)
How Low Can It Go
| Event | VRTS | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -55.7% | -25.4% |
| % Gain to Breakeven | 125.7% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -58.7% | -33.9% |
| % Gain to Breakeven | 142.1% | 51.3% |
| Time to Breakeven | 128 days | 148 days |
| 2018 Correction | ||
| % Loss | -48.7% | -19.8% |
| % Gain to Breakeven | 95.1% | 24.7% |
| Time to Breakeven | 413 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -66.0% | -56.8% |
| % Gain to Breakeven | 194.3% | 131.3% |
| Time to Breakeven | 65 days | 1,480 days |
Compare to AMG, BEN, TROW, IVZ, FHI
In The Past
Virtus Investment Partners's stock fell -55.7% during the 2022 Inflation Shock from a high on 11/12/2021. A -55.7% loss requires a 125.7% gain to breakeven.
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About Virtus Investment Partners (VRTS)
Virtus Investment Partners, Inc. is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients. It invests in the public equity, fixed income, and real estate markets. The firm also invests in exchange traded funds. It employs a multi manager approach for its products. The firm employs quantitative analysis to make its investments. It benchmarks the performance of its portfolios against the S&P 500 Index. The firm conducts in-house research to make its investments. Virtus Investment Partners, Inc. was founded in 1988 and is based in Hartford, Connecticut.
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Here are 1-2 brief analogies for Virtus Investment Partners (VRTS):
- An **Invesco (IVZ)** for boutique asset management.
- A **T. Rowe Price (TROW)** for a network of specialized active investment firms.
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- Mutual Funds: These are pooled investment vehicles managed by Virtus, offering investors diversified portfolios across various asset classes and investment styles.
- Exchange Traded Funds (ETFs): Virtus manages and offers ETFs, which are investment funds that trade on stock exchanges like individual stocks, providing diversified exposure.
- Separately Managed Accounts (SMAs): Virtus provides customized investment management services for institutional clients and high-net-worth individuals through portfolios tailored to specific needs and objectives.
- Collective Investment Trusts (CITs): These are pooled investment vehicles managed by Virtus specifically designed to serve qualified defined contribution and defined benefit retirement plans.
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Virtus Investment Partners (VRTS) - Major Customers
Virtus Investment Partners (VRTS) is an asset management firm that primarily sells its investment products and services to other companies and institutions, rather than directly to individual investors for the majority of its assets under management.
It is customary in the asset management industry for specific "major customer companies" to not be publicly disclosed due to client confidentiality, the highly diversified nature of asset flows, and the competitive landscape. No single client or distributor typically represents a disproportionate percentage of an asset manager's total assets under management or revenue that would necessitate specific disclosure as a "major customer" in the traditional sense.
However, Virtus serves various categories of institutional and intermediary clients that facilitate the distribution and management of their investment strategies. These categories represent the "major customers" in terms of channels and client types:
- Institutional Clients: This category includes large organizations such as corporate and public pension funds, endowments, foundations, insurance companies, and sovereign wealth funds. These entities directly allocate capital to Virtus for active management across various asset classes.
- Financial Intermediaries & Platforms: These are firms that distribute Virtus's investment products (like mutual funds, exchange-traded funds, and separate accounts) to their own client base, which includes both individual and institutional investors. This category encompasses:
- Wirehouses and Independent Broker-Dealers: Large financial advisory networks.
- Registered Investment Advisors (RIAs): Independent advisory firms.
- Retirement Plan Platforms: Providers of 401(k), 403(b), and other retirement plans.
- Subadvisory Clients: Other investment management firms or insurance companies that hire Virtus to manage a specific portion of their own funds or portfolios. This means Virtus acts as a subadvisor to another firm's product.
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- State Street Corporation (STT)
- U.S. Bancorp (USB)
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George R. Aylward President and Chief Executive Officer
Mr. Aylward is the President and Chief Executive Officer of Virtus Investment Partners, Inc. and a member of its Board of Directors. He has over 25 years of experience in the asset management industry, starting in the financial services group of PriceWaterhouse LLP before joining Virtus' predecessor in 1996. He served as chief of staff to the CEO of Virtus' former parent from 2002 to 2004 and as chief operating officer of Virtus from 2004 to 2006. Mr. Aylward was named president in November 2006 and successfully directed the company's spin-off from its former parent in 2008, transitioning it to a public company.
Michael A. Angerthal Executive Vice President and Chief Financial Officer
Mr. Angerthal serves as Executive Vice President and Chief Financial Officer of Virtus Investment Partners, Inc. He is responsible for overall risk management, financial planning and reporting, financial control, SEC compliance, taxation, and investor relations. He joined Virtus in 2008 as the company was preparing to become an independent, publicly traded entity following its spin-off. Prior to joining Virtus, he was the chief financial officer of CBRE Realty Finance and spent nine years with several units of GE Corporation.
Barry M. Mandinach Executive Vice President and Head of Distribution
Mr. Mandinach is Executive Vice President and Head of Distribution at Virtus Investment Partners, Inc., leading the distribution, positioning, messaging, and marketing of Virtus investment products. He has over 40 years of experience in the investment management industry. Before joining Virtus in 2014, he was at UBS Global Asset Management (U.S.), most recently as head of wholesale distribution and chief marketing officer. From 1999 to 2001, he was the chief sales and marketing officer at Phoenix Investment Partners (PXP), Virtus' predecessor. Prior to PXP, he was a partner and co-founder of the Zweig Mutual Funds, which were acquired by PXP in 1999.
Richard W. Smirl Executive Vice President and Chief Operating Officer
Mr. Smirl is the Executive Vice President and Chief Operating Officer of Virtus Investment Partners, Inc. He leads product management, oversight and development, as well as investment operations and information technology. He joined Virtus in 2021 from Russell Investments, where he served as Chief Operating Officer. Before his time at Russell Investments, Mr. Smirl was the Chief Operating Officer at William Blair Investment Management.
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Virtus Investment Partners (VRTS) faces several key risks to its business: 1. Market Sensitivity and Asset Outflows: Virtus Investment Partners' business model is highly sensitive to market fluctuations, which can lead to asset outflows and negatively impact its assets under management (AUM). The company's revenue is primarily derived from asset-based fees, making it vulnerable to declines in AUM and investment management fees. Recent trends indicate a decline in total revenues and net outflows from equity and retail products. For example, in 2023, 87% of Virtus Investment Partners' revenue directly correlated with investment performance, demonstrating high financial vulnerability to market fluctuations. 2. Intense Competition: The investment management industry is highly competitive, with significant rivalry among numerous players. Virtus, with a smaller market share compared to industry giants, faces challenges in attracting and retaining clients in this environment. 3. Regulatory Changes: The asset management industry is subject to evolving regulatory changes, which can pose threats and impact the operational framework and profitability of companies like Virtus Investment Partners.AI Analysis | Feedback
The rise and increasing adoption of direct indexing.
Direct indexing allows investors to own the individual stocks of an index directly, rather than through a commingled fund like an ETF or mutual fund. This technologically-driven approach offers highly customized portfolios with benefits such as enhanced tax-loss harvesting capabilities, personalized environmental, social, and governance (ESG) screening, and granular control over holdings. As this sophisticated form of personalized passive investing gains traction, it poses an emerging threat to traditional asset managers like Virtus Investment Partners, which primarily derive revenue from actively managed and traditional pooled investment products. Direct indexing offers a compelling alternative that can be both more cost-effective and more tailored than many traditional active or even passive funds, potentially diverting assets under management and compressing fees for established firms.
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Virtus Investment Partners (NYSE: VRTS) operates within the global asset management industry, offering a diverse range of investment strategies and products to both individual and institutional clients. The company's main products and services encompass open-end mutual funds, exchange-traded funds (ETFs), closed-end funds, retail separate accounts, and institutional investment management services, as well as collective investment trusts (CITs), variable insurance funds, and UCITS for non-U.S. persons.
The addressable markets for these services are substantial, both globally and within the United States:
- Global Asset Management Market (Total Assets Under Management - AUM): The global asset management industry's total assets under management reached a record-breaking $128 trillion in 2024. This figure grew to $139.9 trillion at the end of 2024, specifically for the world's 500 largest asset managers.
- U.S. Asset Management Market (Total Assets Under Management - AUM): The U.S. asset management market was valued at approximately $48 trillion. More recently, it was valued at USD 63.28 trillion in 2025 and is projected to expand to USD 112.17 trillion by 2030, reflecting a compound annual growth rate (CAGR) of 12.13%. Institutional investors alone accounted for over $55 trillion in assets under management in the U.S. in 2023.
Virtus Investment Partners' offerings span various asset classes, including domestic and international equity, fixed income, multi-asset, and alternative investments, catering to a wide array of market capitalizations and investment styles.
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Here are 3-5 expected drivers of future revenue growth for Virtus Investment Partners (VRTS) over the next 2-3 years:
- Expansion of ETF Offerings and Asset Growth: Virtus Investment Partners is committed to expanding its Exchange Traded Fund (ETF) offerings and has demonstrated strong growth in ETF assets. The company anticipates launching multiple new ETF products in the coming quarters, including those from its Silvant, Seix, Stone Harbor, and AlphaSimplex affiliates. This focus aligns with the broader industry shift towards lower-cost, passive investment vehicles.
- Inorganic Growth Opportunities: The company is actively exploring inorganic growth opportunities, indicating a strategy of potential acquisitions to drive future revenue. Virtus' management has highlighted their flexibility in evaluating such opportunities, reflecting a commitment to long-term value creation.
- Expansion of Retail Separate Account Offerings: Virtus is expanding its offerings in retail separate accounts, specifically focusing on fixed income and high-conviction growth equity strategies, as well as products that leverage multiple managers and strategies.
- Enhancing International Client Access: Virtus plans to enhance international client access, which represents an expansion into new markets and distribution channels, aiming to broaden its client base and asset flows.
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Share Repurchases
- Virtus Investment Partners' board of directors approved an additional repurchase of 750,000 shares of outstanding common stock in May 2022, adding to a program that has no specified term.
- The company repurchased 125,452 common shares for $30 million in the first quarter of 2022.
- In the second quarter of 2024, Virtus repurchased 55,099 shares of common stock for $12.5 million.
- During the fourth quarter of 2024, the company repurchased 52,176 shares for $12.5 million.
Share Issuance
- Additional paid-in capital increased by approximately $9.82 million from December 31, 2021, to December 31, 2022.
- The number of common shares issued increased by 126,500 from 11,906,747 shares at December 31, 2021, to 12,033,247 shares at December 31, 2022, likely related to employee stock plans.
Outbound Investments
- Net cash used in investing activities was $175.0 million in 2021, primarily attributable to cash paid for acquisitions.
- Net cash used in investing activities decreased significantly to $27.5 million in 2022, due to a decrease in cash paid for acquisitions compared to the prior year.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Virtus Investment Partners Earnings Notes | 12/16/2025 | |
| null | 10/17/2025 | |
| VRTS Dip Buy Analysis | 07/10/2025 | |
| Virtus Investment Partners (VRTS) Operating Cash Flow Comparison | 02/17/2025 | |
| Virtus Investment Partners (VRTS) Net Income Comparison | 02/16/2025 | |
| Virtus Investment Partners (VRTS) Operating Income Comparison | 02/15/2025 | |
| Virtus Investment Partners (VRTS) Revenue Comparison | 02/14/2025 | |
| Virtus Investment Partners vs. S&P500 Correlation | 10/03/2024 | |
| Virtus Investment Partners Price Volatility | 09/24/2024 | |
| Virtus Investment Partners (VRTS) Stock Has 54% Chance Of Rise In The Next One Month | 02/10/2023 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to VRTS.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 01302026 | FDS | FactSet Research Systems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -18.8% | -18.8% | -25.3% |
| 01302026 | PFSI | PennyMac Financial Services | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -6.9% | -6.9% | -9.3% |
| 01302026 | ALLY | Ally Financial | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -1.9% | -1.9% | -5.5% |
| 01232026 | FIS | Fidelity National Information Services | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -18.9% | -18.9% | -22.6% |
| 01022026 | MORN | Morningstar | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -18.1% | -18.1% | -26.8% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 76.70 |
| Mkt Cap | 10.5 |
| Rev LTM | 4,226 |
| Op Inc LTM | 489 |
| FCF LTM | 920 |
| FCF 3Y Avg | 905 |
| CFO LTM | 965 |
| CFO 3Y Avg | 985 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.4% |
| Rev Chg 3Y Avg | 2.7% |
| Rev Chg Q | 6.1% |
| QoQ Delta Rev Chg LTM | 1.5% |
| Op Mgn LTM | 21.7% |
| Op Mgn 3Y Avg | 22.9% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 19.5% |
| CFO/Rev 3Y Avg | 20.5% |
| FCF/Rev LTM | 17.5% |
| FCF/Rev 3Y Avg | 17.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 10.5 |
| P/S | 2.2 |
| P/EBIT | 7.3 |
| P/E | 10.6 |
| P/CFO | 12.3 |
| Total Yield | 10.3% |
| Dividend Yield | 4.0% |
| FCF Yield 3Y Avg | 8.8% |
| D/E | 0.6 |
| Net D/E | 0.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 1.1% |
| 3M Rtn | 12.6% |
| 6M Rtn | 9.0% |
| 12M Rtn | 49.7% |
| 3Y Rtn | 37.3% |
| 1M Excs Rtn | 2.1% |
| 3M Excs Rtn | 12.9% |
| 6M Excs Rtn | 2.4% |
| 12M Excs Rtn | 32.3% |
| 3Y Excs Rtn | -36.9% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Asset manager providing investment management and related services for individual and institutional | 845 | ||||
| Administration and shareholder service fees | 86 | 103 | 59 | 60 | |
| Distribution and service fees | 68 | 91 | 38 | 41 | |
| Investment management fees | 728 | 782 | 505 | 461 | |
| Other income and fees | 5 | 5 | 1 | 1 | |
| Total | 845 | 886 | 979 | 604 | 563 |
Price Behavior
Price Behavior
| Market Price | $144.15 | |
| Market Cap ($ Bil) | 1.0 | |
| First Trading Date | 01/02/2009 | |
| Distance from 52W High | -29.8% | |
| 50 Days | 200 Days | |
| DMA Price | $157.38 | $172.01 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -8.4% | -16.2% |
| 3M | 1YR | |
| Volatility | 36.9% | 36.1% |
| Downside Capture | 136.52 | 126.25 |
| Upside Capture | 67.74 | 89.23 |
| Correlation (SPY) | 22.7% | 55.8% |
VRTS Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.07 | 1.56 | 0.91 | 1.15 | 1.07 | 1.18 |
| Up Beta | 2.73 | 2.23 | 0.31 | 1.26 | 0.99 | 1.11 |
| Down Beta | 1.45 | 1.09 | 0.57 | 1.01 | 1.08 | 1.09 |
| Up Capture | 228% | 179% | 126% | 77% | 90% | 137% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 10 | 20 | 31 | 59 | 127 | 384 |
| Down Capture | 259% | 165% | 122% | 146% | 118% | 108% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 10 | 21 | 30 | 66 | 124 | 367 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VRTS | |
|---|---|---|---|---|
| VRTS | -15.6% | 36.0% | -0.40 | - |
| Sector ETF (XLF) | 4.1% | 19.7% | 0.09 | 60.2% |
| Equity (SPY) | 17.1% | 19.4% | 0.69 | 55.7% |
| Gold (GLD) | 79.3% | 25.7% | 2.25 | -9.5% |
| Commodities (DBC) | 10.9% | 16.8% | 0.45 | 18.9% |
| Real Estate (VNQ) | 6.6% | 16.6% | 0.21 | 47.1% |
| Bitcoin (BTCUSD) | -23.4% | 45.1% | -0.46 | 28.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VRTS | |
|---|---|---|---|---|
| VRTS | -6.9% | 35.8% | -0.12 | - |
| Sector ETF (XLF) | 12.0% | 18.8% | 0.51 | 67.1% |
| Equity (SPY) | 13.6% | 17.0% | 0.63 | 64.2% |
| Gold (GLD) | 23.6% | 17.2% | 1.12 | 2.3% |
| Commodities (DBC) | 10.8% | 19.0% | 0.45 | 13.6% |
| Real Estate (VNQ) | 5.3% | 18.8% | 0.19 | 53.4% |
| Bitcoin (BTCUSD) | 4.0% | 57.0% | 0.29 | 29.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VRTS | |
|---|---|---|---|---|
| VRTS | 7.4% | 39.2% | 0.31 | - |
| Sector ETF (XLF) | 14.0% | 22.2% | 0.58 | 65.5% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 62.0% |
| Gold (GLD) | 15.1% | 15.6% | 0.81 | -0.5% |
| Commodities (DBC) | 8.5% | 17.6% | 0.40 | 21.0% |
| Real Estate (VNQ) | 6.6% | 20.7% | 0.28 | 50.4% |
| Bitcoin (BTCUSD) | 66.3% | 66.8% | 1.06 | 17.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/6/2026 | -7.1% | -8.6% | |
| 10/24/2025 | -6.2% | -8.0% | -9.5% |
| 7/25/2025 | -7.5% | -8.5% | -5.2% |
| 4/25/2025 | -2.3% | 1.2% | 8.0% |
| 1/31/2025 | -4.5% | -8.5% | -12.1% |
| 10/25/2024 | 0.4% | 2.6% | 14.8% |
| 7/26/2024 | -4.6% | -11.9% | -11.1% |
| 4/26/2024 | -1.4% | -2.4% | 1.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 12 | 13 |
| # Negative | 12 | 13 | 11 |
| Median Positive | 2.4% | 3.7% | 9.1% |
| Median Negative | -4.1% | -6.1% | -9.5% |
| Max Positive | 14.4% | 13.2% | 25.3% |
| Max Negative | -7.5% | -11.9% | -17.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 02/25/2022 | 10-K |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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