IBGIX vs. PKSFX

Last updated Jun 4, 2026

IBGIX (VY Baron Growth Portfolio) and PKSFX (Virtus KAR Small-Cap Core Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, IBGIX returned 14.99%/yr vs 14.68%/yr for PKSFX. Their correlation of 0.86 suggests significant overlap in exposure. IBGIX charges 0.99%/yr vs 1.00%/yr for PKSFX.

Performance

IBGIX vs. PKSFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VY Baron Growth Portfolio (IBGIX) and Virtus KAR Small-Cap Core Fund (PKSFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBGIX achieves a -11.78% return, which is significantly lower than PKSFX's 3.17% return. Both investments have delivered pretty close results over the past 10 years, with IBGIX having a 14.99% annualized return and PKSFX not far behind at 14.68%.

IBGIX

• 1D: -1.90%
• 1M: 2.40%
• YTD: -11.78%
• 6M: -11.41%
• 1Y: -17.18%
• 3Y*: -4.22%
• 5Y*: -3.41%
• 10Y*: 14.99%

PKSFX

• 1D: -0.10%
• 1M: -1.03%
• YTD: 3.17%
• 6M: 3.35%
• 1Y: 3.59%
• 3Y*: 10.77%
• 5Y*: 7.76%
• 10Y*: 14.68%

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

IBGIX vs. PKSFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IBGIX VY Baron Growth Portfolio	-11.78%	-10.40%	4.84%	15.02%	-23.40%	20.76%	33.55%	166.57%	-1.63%	28.50%
PKSFX Virtus KAR Small-Cap Core Fund	3.17%	-2.58%	13.67%	32.32%	-10.77%	19.03%	21.38%	40.21%	-1.99%	34.98%

Correlation

The correlation between IBGIX and PKSFX is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jan 4, 2002	0.86

Over the past year, the correlation between IBGIX and PKSFX has dropped to 0.58 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.

Return for Risk

IBGIX vs. PKSFX — Risk / Return Rank

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

IBGIX

IBGIX Risk / Return Rank: 1
IBGIX Sharpe Ratio Rank: 1
IBGIX Sortino Ratio Rank: 1
IBGIX Omega Ratio Rank: 1
IBGIX Calmar Ratio Rank: 1
IBGIX Martin Ratio Rank: 1

PKSFX

PKSFX Risk / Return Rank: 4
PKSFX Sharpe Ratio Rank: 4
PKSFX Sortino Ratio Rank: 5
PKSFX Omega Ratio Rank: 4
PKSFX Calmar Ratio Rank: 5
PKSFX Martin Ratio Rank: 4

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.

IBGIX vs. PKSFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VY Baron Growth Portfolio (IBGIX) 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.

	IBGIX	PKSFX	Difference
Sharpe ratio: Return per unit of total volatility	-0.99	0.30	-1.30
Sortino ratio: Return per unit of downside risk	-1.32	0.57	-1.90
Omega ratio: Gain probability vs. loss probability	0.85	1.06	-0.21
Calmar ratio: Return relative to maximum drawdown	-0.75	0.41	-1.16
Martin ratio: Return relative to average drawdown	-1.40	0.87	-2.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBGIX vs. PKSFX - Sharpe Ratio Comparison

The current IBGIX Sharpe Ratio is -0.99, which is lower than the PKSFX Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of IBGIX and PKSFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IBGIX	PKSFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.99	0.30	-1.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	0.43	-0.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.78	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.56	-0.26

Drawdowns

IBGIX vs. PKSFX - Drawdown Comparison

The maximum IBGIX drawdown since its inception was -57.44%, which is greater than PKSFX's maximum drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for IBGIX and PKSFX.

Drawdown Indicators

	IBGIX	PKSFX	Difference
Max Drawdown Largest peak-to-trough decline	-57.44%	-54.46%	-2.98%
Max Drawdown (1Y) Largest decline over 1 year	-24.51%	-11.19%	-13.32%
Max Drawdown (3Y) Largest decline over 3 years	-30.02%	-21.82%	-8.20%
Max Drawdown (5Y) Largest decline over 5 years	-34.38%	-22.02%	-12.36%
Max Drawdown (10Y) Largest decline over 10 years	-40.82%	-33.45%	-7.37%
Current Drawdown Current decline from peak	-27.98%	-7.97%	-20.01%
Average Drawdown Average peak-to-trough decline	-14.14%	-7.17%	-6.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.45%	5.34%	+7.11%

Volatility

IBGIX vs. PKSFX - Volatility Comparison

VY Baron Growth Portfolio (IBGIX) has a higher volatility of 6.55% compared to Virtus KAR Small-Cap Core Fund (PKSFX) at 4.22%. This indicates that IBGIX's price experiences larger fluctuations and is considered to be riskier than PKSFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBGIX	PKSFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.55%	4.22%	+2.33%
Volatility (6M) Calculated over the trailing 6-month period	13.78%	10.99%	+2.79%
Volatility (1Y) Calculated over the trailing 1-year period	18.43%	15.31%	+3.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.78%	17.93%	+2.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.99%	18.83%	+17.16%

IBGIX vs. PKSFX - Expense Ratio Comparison

IBGIX has a 0.99% expense ratio, which is lower than PKSFX's 1.00% expense ratio.

Dividends

IBGIX vs. PKSFX - Dividend Comparison

IBGIX's dividend yield for the trailing twelve months is around 77.27%, more than PKSFX's 13.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBGIX VY Baron Growth Portfolio	77.27%	24.66%	4.13%	5.23%	11.56%	6.89%	0.00%	107.13%	11.51%	12.13%	11.71%	8.93%
PKSFX Virtus KAR Small-Cap Core Fund	13.86%	14.30%	4.07%	4.12%	6.65%	12.05%	7.45%	4.03%	4.33%	0.17%	5.69%	19.83%

Frequently Asked Questions

Can I hold both IBGIX and PKSFX in my portfolio?

IBGIX and PKSFX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBGIX or PKSFX?

IBGIX has higher volatility (6.55%) compared to PKSFX (4.22%). In terms of maximum drawdown, IBGIX dropped -57.44% vs PKSFX's -54.46%.

Which has better risk-adjusted returns?

PKSFX currently has the higher Sharpe Ratio (0.30 vs -0.99), 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.