Virtus KAR Long/Short Equity Fund (VLSIX)
Normally, the fund invests at least 80% of its assets in equity securities and equity-related instruments, in long and short positions of U.S.-listed equity securities of any capitalization. Its investments may include securities of U.S. and foreign issuers, including securities of issuers in emerging market countries and securities denominated in a currency other than the U.S. dollar. The fund may invest in derivative instruments, such as options or futures, as an alternative method to take a short position consistent with the fund's investment strategy described herein. It is non-diversified.
Fund Info
US92835M5132
92835M513
Dec 5, 2018
$100,000
Mid-Cap
Growth
Expense Ratio
VLSIX has a high expense ratio of 1.56%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Virtus KAR Long/Short Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Virtus KAR Long/Short Equity Fund had a return of -0.75% year-to-date (YTD) and -2.76% in the last 12 months.
VLSIX
-0.75%
-2.67%
-6.21%
-2.76%
3.66%
N/A
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of VLSIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.49% | -0.75% | |||||||||||
| 2024 | 0.92% | 2.05% | 3.97% | -7.64% | 2.50% | 0.97% | -0.79% | 3.23% | 1.04% | 2.01% | 6.45% | -13.40% | -0.38% |
| 2023 | 6.32% | -0.80% | -1.61% | 1.88% | -1.66% | 4.82% | 2.69% | -0.23% | -3.03% | -4.27% | 7.92% | 1.11% | 13.09% |
| 2022 | -9.36% | -3.26% | 1.10% | -5.86% | -3.54% | -3.03% | 6.71% | -3.36% | -3.60% | 5.11% | 2.31% | -6.40% | -21.88% |
| 2021 | -1.83% | 1.40% | -1.78% | 7.00% | -1.85% | 2.72% | 1.79% | 2.66% | -4.14% | 3.40% | -0.89% | 3.58% | 12.16% |
| 2020 | 3.98% | -2.45% | -9.25% | 8.48% | 9.62% | 3.36% | 4.18% | 3.44% | -1.17% | 2.93% | 5.75% | 0.23% | 31.43% |
| 2019 | 7.34% | 7.51% | 2.51% | 4.55% | -2.51% | 5.15% | 3.10% | 0.40% | -1.26% | 1.52% | 3.07% | 1.68% | 37.85% |
| 2018 | -3.30% | -3.30% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of VLSIX is 4, meaning it’s performing worse than 96% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Virtus KAR Long/Short Equity Fund (VLSIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Virtus KAR Long/Short Equity Fund provided a 0.09% dividend yield over the last twelve months, with an annual payout of $0.02 per share.
| Period | TTM | 2024 |
|---|---|---|
| Dividend | $0.02 | $0.02 |
Dividend yield | 0.09% | 0.09% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus KAR Long/Short Equity 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.02 | $0.02 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Virtus KAR Long/Short Equity 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 Long/Short Equity Fund was 25.99%, occurring on Jun 16, 2022. Recovery took 602 trading sessions.
The current Virtus KAR Long/Short Equity Fund drawdown is 14.40%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.99% | Nov 17, 2021 | 146 | Jun 16, 2022 | 602 | Nov 7, 2024 | 748 |
| -25.82% | Feb 20, 2020 | 23 | Mar 23, 2020 | 47 | May 29, 2020 | 70 |
| -14.65% | Nov 26, 2024 | 30 | Jan 10, 2025 | — | — | — |
| -7.67% | Dec 13, 2018 | 8 | Dec 24, 2018 | 16 | Jan 17, 2019 | 24 |
| -6.9% | Sep 7, 2021 | 20 | Oct 4, 2021 | 31 | Nov 16, 2021 | 51 |
Volatility
Volatility Chart
The current Virtus KAR Long/Short Equity Fund volatility is 2.43%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.