ASMF vs. KMID

Last updated Aug 2, 2026

ASMF (Virtus AlphaSimplex Managed Futures ETF) and KMID (Virtus KAR Mid-Cap ETF) are both exchange-traded funds - ASMF is a Systematic Trend fund actively managed by Virtus, while KMID is a Mid Cap Growth Equities fund actively managed by Virtus. Both are actively managed. Over the past year, ASMF returned 16.60% vs 2.35% for KMID. Their 0.25 correlation means their historical movements had little consistent relationship. Both charge a 0.80% expense ratio.

Performance

ASMF vs. KMID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus AlphaSimplex Managed Futures ETF (ASMF) and Virtus KAR Mid-Cap ETF (KMID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASMF achieves a 7.73% return, which is significantly higher than KMID's 2.71% return.

ASMF

• 1D: 0.77%
• 1M: 1.36%
• 6M: 3.31%
• YTD: 7.73%
• 1Y: 16.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.24%

KMID

• 1D: 0.31%
• 1M: -0.74%
• 6M: -0.83%
• YTD: 2.71%
• 1Y: 2.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -0.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASMF Virtus AlphaSimplex Managed Futures ETF	$131.02K	$83.29K	$68.36K
KMID Virtus KAR Mid-Cap ETF	$279.42K	$262.02K	$293.43K

ASMF vs. KMID - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ASMF Virtus AlphaSimplex Managed Futures ETF	7.73%	1.16%	-0.55%
KMID Virtus KAR Mid-Cap ETF	2.71%	0.31%	-3.02%

Correlation

The correlation between ASMF and KMID is 0.30, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.30
Correlation (All Time) Calculated using the full available price history since Oct 16, 2024	0.25

Return for Risk

ASMF vs. KMID — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ASMF

ASMF Risk / Return Rank: 65
ASMF Sharpe Ratio Rank: 61
ASMF Sortino Ratio Rank: 58
ASMF Omega Ratio Rank: 61
ASMF Calmar Ratio Rank: 85
ASMF Martin Ratio Rank: 62

KMID

KMID Risk / Return Rank: 14
KMID Sharpe Ratio Rank: 14
KMID Sortino Ratio Rank: 13
KMID Omega Ratio Rank: 13
KMID Calmar Ratio Rank: 14
KMID Martin Ratio Rank: 15

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ASMF vs. KMID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus AlphaSimplex Managed Futures ETF (ASMF) and Virtus KAR Mid-Cap ETF (KMID). 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.

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.

	ASMF	KMID	Difference
Sharpe ratio: Return per unit of total volatility	1.43	0.13	+1.30
Sortino ratio: Return per unit of downside risk	1.99	0.30	+1.69
Omega ratio: Gain probability vs. loss probability	1.27	1.03	+0.23
Calmar ratio: Return relative to maximum drawdown	3.26	0.18	+3.09
Martin ratio: Return relative to average drawdown	7.54	0.51	+7.03

ASMF vs. KMID - Sharpe Ratio Comparison

The current ASMF Sharpe Ratio is 1.43, which is higher than the KMID Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of ASMF and KMID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ASMF vs. KMID - Drawdown Comparison

The maximum ASMF drawdown since its inception was -15.31%, smaller than the maximum KMID drawdown of -18.89%. Use the drawdown chart below to compare losses from any high point for ASMF and KMID.

Drawdown Indicators

	ASMF	KMID	Difference
Max Drawdown Largest peak-to-trough decline	-15.31%	-18.89%	+3.58%
Max Drawdown (1Y) Largest decline over 1 year	-5.02%	-10.71%	+5.69%
Current Drawdown Current decline from peak	-2.83%	-4.49%	+1.66%
Average Drawdown Average peak-to-trough decline	-7.27%	-5.64%	-1.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	3.72%	-1.55%

Volatility

ASMF vs. KMID - Volatility Comparison

The current volatility for Virtus AlphaSimplex Managed Futures ETF (ASMF) is 2.26%, while Virtus KAR Mid-Cap ETF (KMID) has a volatility of 3.59%. This indicates that ASMF experiences smaller price fluctuations and is considered to be less risky than KMID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASMF	KMID	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.26%	3.59%	-1.33%
Volatility (6M) Calculated over the trailing 6-month period	9.19%	11.57%	-2.38%
Volatility (1Y) Calculated over the trailing 1-year period	11.49%	14.97%	-3.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.90%	16.73%	-5.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.90%	16.73%	-5.83%

ASMF vs. KMID - Expense Ratio Comparison

Both ASMF and KMID have an expense ratio of 0.80%.

Dividends

ASMF vs. KMID - Dividend Comparison

ASMF's dividend yield for the trailing twelve months is around 0.20%, more than KMID's 0.11% yield.

Position	TTM	2025	2024
ASMF Virtus AlphaSimplex Managed Futures ETF	0.20%	0.22%	1.66%
KMID Virtus KAR Mid-Cap ETF	0.11%	0.06%	0.05%

Frequently Asked Questions

Can I hold both ASMF and KMID in my portfolio?

ASMF and KMID have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASMF or KMID?

KMID has higher volatility (3.59%) compared to ASMF (2.26%). In terms of maximum drawdown, ASMF dropped -15.31% vs KMID's -18.89%.

Which ETF is better, ASMF or KMID?

On 1-year performance, ASMF leads with 16.60% vs 2.35% for KMID. Both ETFs have the same 0.80% expense ratio. On volatility, ASMF has been the lower-risk option at 2.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ASMF or KMID?

Over the 1-year period, ASMF has performed better with a 16.60% return vs 2.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ASMF or KMID?

ASMF and KMID have the same expense ratio: 0.80% per year.

Which ETF pays a higher dividend yield, ASMF or KMID?

ASMF has the higher dividend yield at 0.20%, compared with 0.11% for KMID.

What is the main difference between ASMF and KMID?

ASMF is categorized as Systematic Trend, while KMID is Mid Cap Growth Equities.

Which has better risk-adjusted returns?

ASMF currently has the higher Sharpe Ratio (1.43 vs 0.13), 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.