- ISIN
- US92828W8257
- CUSIP
- 92828W825
- Issuer
- Virtus
- Inception Date
- Sep 4, 2012
- Category
- Foreign Small & Mid Cap Equities
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
VIISX Performance Chart
Virtus KAR International Small-Mid Cap Fund (VIISX) is up 1.7% since the beginning of the year. VIISX is currently trading at $21 per share. Investors who bought $1,000 worth of VIISX shares 5 years ago would now be looking at an investment worth $973.
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Returns By Period
Virtus KAR International Small-Mid Cap Fund (VIISX) has returned 1.70% so far this year and -1.62% over the past 12 months. Over the last ten years, VIISX has returned 8.25% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Virtus KAR International Small-Mid Cap Fund
- 1D
- 0.24%
- 1M
- 1.06%
- YTD
- 1.70%
- 6M
- 2.55%
- 1Y
- -1.62%
- 3Y*
- 8.63%
- 5Y*
- -0.54%
- 10Y*
- 8.25%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
VIISX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2013, VIISX's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2022 with a return of +13.9%, while the worst month was Mar 2020 at -18.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, VIISX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +7.3%, while the worst single day was Mar 16, 2020 at -10.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.60% | -0.94% | -8.72% | 6.12% | 1.12% | 1.16% | 1.70% | ||||||
| 2025 | 3.43% | 0.73% | 2.57% | 6.22% | 4.29% | 3.53% | -3.19% | -1.13% | -0.73% | -2.53% | -0.90% | 1.62% | 14.30% |
| 2024 | -2.63% | 0.06% | 1.57% | -1.66% | 7.59% | -4.08% | 6.26% | 2.97% | 2.54% | -4.90% | -0.31% | -2.60% | 4.06% |
| 2023 | 10.78% | -2.90% | 0.68% | 3.34% | -4.07% | 5.30% | 4.38% | -4.03% | -5.20% | -5.61% | 11.49% | 8.29% | 22.36% |
| 2022 | -9.53% | -9.22% | -3.26% | -8.23% | -1.08% | -9.19% | 5.29% | -7.19% | -13.72% | 4.77% | 13.88% | -0.47% | -34.42% |
| 2021 | -3.21% | 1.72% | 2.00% | 5.83% | -0.04% | 1.21% | 2.15% | 2.80% | -5.90% | 2.53% | -4.83% | 2.09% | 5.84% |
Benchmark Metrics
Virtus KAR International Small-Mid Cap Fund has an annualized alpha of 1.09%, beta of 0.57, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since January 02, 2013.
- This fund participated in 95.73% of S&P 500 Index downside but only 77.31% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.57 may look defensive, but with R2 of 0.47 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 0.47 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.09%
- Beta
- 0.57
- R²
- 0.47
- Upside Capture
- 77.31%
- Downside Capture
- 95.73%
Expense Ratio
VIISX has a high expense ratio of 1.19%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
VIISX ranks 2 for risk / return — in the bottom 2% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Virtus KAR International Small-Mid Cap Fund (VIISX) and compare them to S&P 500 Index.
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.
| VIISX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.37 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 2.78 | -2.94 |
| Martin ratioReturn relative to average drawdown | -0.34 | 12.44 | -12.78 |
Dividends
Dividend History
Virtus KAR International Small-Mid Cap Fund provided a 3.66% dividend yield over the last twelve months, with an annual payout of $0.76 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.76 | $0.76 | $0.36 | $0.00 | $0.00 | $1.92 | $0.27 | $0.38 | $0.22 | $0.30 | $0.36 | $0.38 |
Dividend yield | 3.66% | 3.72% | 1.94% | 0.00% | 0.00% | 8.43% | 1.16% | 1.98% | 1.42% | 1.82% | 2.75% | 3.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus KAR International Small-Mid Cap Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $0.76 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.92 | $1.92 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Virtus KAR International Small-Mid 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 International Small-Mid Cap Fund was 50.31%, occurring on Oct 12, 2022. The portfolio has not yet recovered.
The current Virtus KAR International Small-Mid Cap Fund drawdown is 10.46%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -50.31%Oct 2022 | 1y 1mo | — | 4y 9moSep 2021 - now |
COVID crash2020 | -37.30%Mar 2020 | 1mo 4d | 4mo 27d | 6mo 1dFeb 2020 - Aug 2020 |
2016 bear market2016 | -22.74%Jan 2016 | 8mo 8d | 6mo 21d | 1y 2moMay 2015 - Aug 2016 |
Rate-hike selloffLate 2018 | -17.73%Dec 2018 | 6mo 13d | 11mo 7d | 1y 5moJun 2018 - Nov 2019 |
2015 correction2015 | -14.23%Jan 2015 | 5mo 10d | 4mo 9d | 9mo 19dJul 2014 - May 2015 |
Drawdown Indicators
| VIISX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.31% | -56.78% | +6.47% |
Max Drawdown (1Y)Largest decline over 1 year | -14.94% | -9.10% | -5.84% |
Max Drawdown (3Y)Largest decline over 3 years | -15.58% | -18.90% | +3.32% |
Max Drawdown (5Y)Largest decline over 5 years | -50.31% | -25.43% | -24.88% |
Max Drawdown (10Y)Largest decline over 10 years | -50.31% | -33.92% | -16.39% |
Current DrawdownCurrent decline from peak | -10.46% | -1.80% | -8.66% |
Average DrawdownAverage peak-to-trough decline | -11.26% | -10.71% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.79% | 2.03% | +4.76% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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