ETEGX vs. PXQSX

Last updated Jun 26, 2026

ETEGX (Eaton Vance Small-Cap Fund) and PXQSX (Virtus KAR Small-Cap Value Fund) are both Small Cap Growth Equities funds. Over the past 10 years, ETEGX returned 9.20%/yr vs 8.42%/yr for PXQSX. Their correlation of 0.90 suggests significant overlap in exposure. ETEGX charges 1.21%/yr vs 0.96%/yr for PXQSX.

Performance

ETEGX vs. PXQSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Small-Cap Fund (ETEGX) and Virtus KAR Small-Cap Value Fund (PXQSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with ETEGX having a 7.19% return and PXQSX slightly higher at 7.52%. Over the past 10 years, ETEGX has outperformed PXQSX with an annualized return of 9.20%, while PXQSX has yielded a comparatively lower 8.42% annualized return.

ETEGX

• 1D: 1.78%
• 1M: 4.22%
• YTD: 7.19%
• 6M: 4.68%
• 1Y: 4.05%
• 3Y*: 6.92%
• 5Y*: 2.78%
• 10Y*: 9.20%

PXQSX

• 1D: 1.73%
• 1M: 3.78%
• YTD: 7.52%
• 6M: 5.01%
• 1Y: 4.86%
• 3Y*: 9.24%
• 5Y*: 0.97%
• 10Y*: 8.42%

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

ETEGX vs. PXQSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ETEGX Eaton Vance Small-Cap Fund	7.19%	-6.20%	14.65%	11.28%	-15.52%	21.45%	12.73%	27.57%	-6.00%	14.87%
PXQSX Virtus KAR Small-Cap Value Fund	7.52%	-4.50%	9.63%	19.10%	-24.29%	19.50%	28.16%	24.87%	-15.95%	18.90%

Correlation

The correlation between ETEGX and PXQSX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jun 29, 2006	0.90

The correlation between ETEGX and PXQSX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

ETEGX vs. PXQSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETEGX

ETEGX Risk / Return Rank: 5
ETEGX Sharpe Ratio Rank: 5
ETEGX Sortino Ratio Rank: 5
ETEGX Omega Ratio Rank: 5
ETEGX Calmar Ratio Rank: 5
ETEGX Martin Ratio Rank: 5

PXQSX

PXQSX Risk / Return Rank: 5
PXQSX Sharpe Ratio Rank: 5
PXQSX Sortino Ratio Rank: 5
PXQSX Omega Ratio Rank: 5
PXQSX Calmar Ratio Rank: 5
PXQSX Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETEGX vs. PXQSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Small-Cap Fund (ETEGX) and Virtus KAR Small-Cap Value Fund (PXQSX). 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.

	ETEGX	PXQSX	Difference
Sharpe ratio: Return per unit of total volatility	0.19	0.21	-0.02
Sortino ratio: Return per unit of downside risk	0.41	0.44	-0.04
Omega ratio: Gain probability vs. loss probability	1.04	1.05	0.00
Calmar ratio: Return relative to maximum drawdown	0.23	0.26	-0.03
Martin ratio: Return relative to average drawdown	0.51	0.53	-0.02

ETEGX vs. PXQSX - Sharpe Ratio Comparison

The current ETEGX Sharpe Ratio is 0.19, which is comparable to the PXQSX Sharpe Ratio of 0.21. The chart below compares the historical Sharpe Ratios of ETEGX and PXQSX, 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

ETEGX vs. PXQSX - Drawdown Comparison

The maximum ETEGX drawdown since its inception was -67.58%, which is greater than PXQSX's maximum drawdown of -55.56%. Use the drawdown chart below to compare losses from any high point for ETEGX and PXQSX.

Drawdown Indicators

	ETEGX	PXQSX	Difference
Max Drawdown Largest peak-to-trough decline	-67.58%	-55.56%	-12.02%
Max Drawdown (1Y) Largest decline over 1 year	-13.05%	-13.25%	+0.20%
Max Drawdown (3Y) Largest decline over 3 years	-19.98%	-22.87%	+2.89%
Max Drawdown (5Y) Largest decline over 5 years	-24.30%	-31.49%	+7.19%
Max Drawdown (10Y) Largest decline over 10 years	-36.66%	-37.65%	+0.99%
Current Drawdown Current decline from peak	-5.35%	-7.60%	+2.25%
Average Drawdown Average peak-to-trough decline	-22.73%	-10.29%	-12.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.90%	6.48%	-0.58%

Volatility

ETEGX vs. PXQSX - Volatility Comparison

Eaton Vance Small-Cap Fund (ETEGX) and Virtus KAR Small-Cap Value Fund (PXQSX) have volatilities of 4.79% and 4.59%, 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.

Volatility by Period

	ETEGX	PXQSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	4.59%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	11.53%	12.59%	-1.06%
Volatility (1Y) Calculated over the trailing 1-year period	16.27%	16.90%	-0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.80%	20.25%	-1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.84%	20.50%	-0.66%

ETEGX vs. PXQSX - Expense Ratio Comparison

ETEGX has a 1.21% expense ratio, which is higher than PXQSX's 0.96% expense ratio.

Dividends

ETEGX vs. PXQSX - Dividend Comparison

ETEGX's dividend yield for the trailing twelve months is around 7.68%, more than PXQSX's 5.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETEGX Eaton Vance Small-Cap Fund	7.68%	8.23%	5.13%	0.68%	3.22%	13.87%	1.06%	7.19%	12.29%	11.02%	13.88%	23.25%
PXQSX Virtus KAR Small-Cap Value Fund	5.40%	5.81%	4.90%	2.99%	3.37%	1.76%	0.82%	0.80%	2.54%	5.32%	8.89%	7.58%

Frequently Asked Questions

Can I hold both ETEGX and PXQSX in my portfolio?

With a correlation of 0.92, ETEGX and PXQSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ETEGX or PXQSX?

ETEGX has higher volatility (4.79%) compared to PXQSX (4.59%). In terms of maximum drawdown, ETEGX dropped -67.58% vs PXQSX's -55.56%.

Which has better risk-adjusted returns?

PXQSX currently has the higher Sharpe Ratio (0.21 vs 0.19), 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.