KMID vs. APMU
KMID (Virtus KAR Mid-Cap ETF) and APMU (ActivePassive Intermediate Municipal Bond ETF) are both exchange-traded funds - KMID is a Mid Cap Growth Equities fund actively managed by Virtus, while APMU is a Municipal Bonds fund actively managed by ActivePassive. Both are actively managed. Over the past year, KMID returned 3.51% vs 1.88% for APMU. Their 0.17 correlation means their historical movements had little consistent relationship. KMID charges 0.80%/yr vs 0.36%/yr for APMU.
Performance
KMID vs. APMU - Performance Comparison
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Returns By Period
In the year-to-date period, KMID achieves a 5.02% return, which is significantly higher than APMU's -0.17% return.
KMID
- 1D
- 1.27%
- 1M
- 1.50%
- 6M
- 1.97%
- YTD
- 5.02%
- 1Y
- 3.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.19%
APMU
- 1D
- 0.04%
- 1M
- -1.16%
- 6M
- -1.05%
- YTD
- -0.17%
- 1Y
- 1.88%
- 3Y*
- 2.75%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $481.26K | $1.03M | $774.45K | |
| $368.95K | $294.28K | $236.43K |
KMID vs. APMU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KMID Virtus KAR Mid-Cap ETF | 5.02% | 0.31% | -3.02% |
APMU ActivePassive Intermediate Municipal Bond ETF | -0.17% | 4.50% | -0.57% |
Correlation
The correlation between KMID and APMU is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2024 | 0.17 |
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Return for Risk
KMID vs. APMU — Risk / Return Rank
KMID
APMU
KMID vs. APMU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus KAR Mid-Cap ETF (KMID) and ActivePassive Intermediate Municipal Bond ETF (APMU). 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.
| KMID | APMU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.14 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 0.79 | -0.46 |
| Martin ratioReturn relative to average drawdown | 0.95 | 1.95 | -1.00 |
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Drawdowns
KMID vs. APMU - Drawdown Comparison
The maximum KMID drawdown since its inception was -18.89%, which is greater than APMU's maximum drawdown of -4.39%. Use the drawdown chart below to compare losses from any high point for KMID and APMU.
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Drawdown Indicators
| KMID | APMU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.89% | -4.39% | -14.50% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -2.40% | -8.31% |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.68% | — |
Current DrawdownCurrent decline from peak | -2.34% | -1.77% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -0.94% | -4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 0.97% | +2.75% |
Volatility
KMID vs. APMU - Volatility Comparison
Virtus KAR Mid-Cap ETF (KMID) has a higher volatility of 3.91% compared to ActivePassive Intermediate Municipal Bond ETF (APMU) at 0.88%. This indicates that KMID's price experiences larger fluctuations and is considered to be riskier than APMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KMID | APMU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 0.88% | +3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.64% | 1.95% | +9.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.90% | 2.56% | +12.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.74% | 2.81% | +13.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 2.81% | +13.93% |
KMID vs. APMU - Expense Ratio Comparison
KMID has a 0.80% expense ratio, which is higher than APMU's 0.36% expense ratio.
Dividends
KMID vs. APMU - Dividend Comparison
KMID's dividend yield for the trailing twelve months is around 0.11%, less than APMU's 2.74% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
APMU ActivePassive Intermediate Municipal Bond ETF | 2.74% | 2.63% | 2.42% | 1.31% |
KMID Virtus KAR Mid-Cap ETF | 0.11% | 0.06% | 0.05% | 0.00% |
Frequently Asked Questions
KMID and APMU have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KMID has higher volatility (3.91%) compared to APMU (0.88%). In terms of maximum drawdown, KMID dropped -18.89% vs APMU's -4.39%.
On 1-year performance, KMID leads with 3.51% vs 1.88% for APMU. On fees, APMU is cheaper at 0.36% per year. On volatility, APMU has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, KMID has performed better with a 3.51% return vs 1.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
APMU is cheaper with a 0.36% expense ratio, compared with 0.80% for KMID.
APMU has the higher dividend yield at 2.74%, compared with 0.11% for KMID.
KMID is categorized as Mid Cap Growth Equities, while APMU is Municipal Bonds. They also come from different issuers: Virtus and ActivePassive. Their fees differ too: 0.80% for KMID and 0.36% for APMU.
APMU currently has the higher Sharpe Ratio (0.74 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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