^GSPC vs. PKSFX
^GSPC (S&P 500 Index) is an index, while PKSFX (Virtus KAR Small-Cap Core Fund) is Mid Cap Growth Equities fund managed by Virtus. Over the past 10 years, ^GSPC returned 13.45%/yr vs 14.50%/yr for PKSFX. Their correlation of 0.81 suggests significant overlap in exposure.
Performance
^GSPC vs. PKSFX - Performance Comparison
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Returns By Period
In the year-to-date period, ^GSPC achieves a 8.18% return, which is significantly higher than PKSFX's 2.84% return. Over the past 10 years, ^GSPC has underperformed PKSFX with an annualized return of 13.45%, while PKSFX has yielded a comparatively higher 14.50% annualized return.
^GSPC
- 1D
- 0.30%
- 1M
- 0.09%
- YTD
- 8.18%
- 6M
- 8.17%
- 1Y
- 23.42%
- 3Y*
- 19.88%
- 5Y*
- 11.91%
- 10Y*
- 13.45%
PKSFX
- 1D
- -0.14%
- 1M
- -1.88%
- YTD
- 2.84%
- 6M
- 3.24%
- 1Y
- 3.19%
- 3Y*
- 10.39%
- 5Y*
- 7.60%
- 10Y*
- 14.50%
^GSPC vs. PKSFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^GSPC S&P 500 Index | 8.18% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
PKSFX Virtus KAR Small-Cap Core Fund | 2.84% | -2.58% | 13.67% | 32.32% | -10.77% | 19.03% | 21.38% | 40.21% | -1.99% | 34.98% |
Correlation
The correlation between ^GSPC and PKSFX is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 1996 | 0.81 |
Over the past year, the correlation between ^GSPC and PKSFX has dropped to 0.57 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
^GSPC vs. PKSFX — Risk / Return Rank
^GSPC
PKSFX
^GSPC vs. PKSFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Index (^GSPC) and Virtus KAR Small-Cap Core Fund (PKSFX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ^GSPC | PKSFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.05 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 0.32 | +2.26 |
| Martin ratioReturn relative to average drawdown | 11.84 | 0.67 | +11.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ^GSPC | PKSFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 0.24 | +1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.43 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.77 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.56 | -0.09 |
Drawdowns
^GSPC vs. PKSFX - Drawdown Comparison
The maximum ^GSPC drawdown since its inception was -56.78%, roughly equal to the maximum PKSFX drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for ^GSPC and PKSFX.
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Drawdown Indicators
| ^GSPC | PKSFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.78% | -54.46% | -2.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -11.19% | +2.09% |
Max Drawdown (3Y)Largest decline over 3 years | -18.90% | -21.82% | +2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -25.43% | -22.02% | -3.41% |
Max Drawdown (10Y)Largest decline over 10 years | -33.92% | -33.45% | -0.47% |
Current DrawdownCurrent decline from peak | -2.68% | -8.26% | +5.58% |
Average DrawdownAverage peak-to-trough decline | -10.72% | -7.17% | -3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 5.42% | -3.44% |
Volatility
^GSPC vs. PKSFX - Volatility Comparison
S&P 500 Index (^GSPC) and Virtus KAR Small-Cap Core Fund (PKSFX) have volatilities of 3.80% and 3.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^GSPC | PKSFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 3.68% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.41% | 10.95% | -1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 15.28% | -3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 17.93% | -0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 18.81% | -0.72% |
Frequently Asked Questions
^GSPC and PKSFX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^GSPC has higher volatility (3.80%) compared to PKSFX (3.68%). In terms of maximum drawdown, ^GSPC dropped -56.78% vs PKSFX's -54.46%.
^GSPC currently has the higher Sharpe Ratio (1.94 vs 0.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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