Virtus KAR Emerging Markets Small-Cap Fund (VIESX)

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The chart shows the growth of an initial investment of $10,000 in Virtus KAR Emerging Markets Small-Cap Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Virtus KAR Emerging Markets Small-Cap Fund (VIESX) has returned -1.89% so far this year and 8.16% over the past 12 months. Over the last ten years, VIESX has returned 9.25% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Dec 19, 2013, VIESX's average daily return is +0.03%, while the average monthly return is +0.60%. At this rate, your investment would double in approximately 9.7 years.

Historically, 62% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +14.8%, while the worst month was Mar 2020 at -15.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.

On a daily basis, VIESX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +5.6%, while the worst single day was Mar 16, 2020 at -9.5%.

Virtus KAR Emerging Markets Small-Cap Fund has an annualized alpha of 1.41%, beta of 0.48, and R² of 0.41 versus S&P 500 Index. Calculated based on daily prices since December 20, 2013.

• This fund participated in 82.65% of S&P 500 Index downside but only 67.50% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.48 may look defensive, but with R² of 0.41 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.41 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.

VIESX has a high expense ratio of 1.51%, indicating above-average management fees.

VIESX ranks 20 for risk / return — below 20% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Virtus KAR Emerging Markets Small-Cap Fund (VIESX) and compare them to a chosen benchmark (S&P 500 Index).

Virtus KAR Emerging Markets Small-Cap Fund provided a 2.85% dividend yield over the last twelve months, with an annual payout of $0.46 per share.

The table displays the monthly dividend distributions for Virtus KAR Emerging Markets Small-Cap Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Virtus KAR Emerging Markets Small-Cap Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Virtus KAR Emerging Markets Small-Cap Fund was 35.10%, occurring on Oct 14, 2022. Recovery took 654 trading sessions.

The current Virtus KAR Emerging Markets Small-Cap Fund drawdown is 10.58%.

The chart below shows the rolling one-month volatility.