KMID vs. ASGM

Last updated Jun 4, 2026

KMID (Virtus KAR Mid-Cap ETF) and ASGM (Virtus AlphaSimplex Global Macro ETF) are both exchange-traded funds - KMID is a Mid Cap Growth Equities fund actively managed by Virtus, while ASGM is a Tactical Allocation fund actively managed by Virtus. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. KMID charges 0.80%/yr vs 0.86%/yr for ASGM.

Performance

KMID vs. ASGM - Performance Comparison

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

Returns By Period

In the year-to-date period, KMID achieves a 1.86% return, which is significantly lower than ASGM's 22.52% return.

KMID

• 1D: 0.52%
• 1M: 0.10%
• YTD: 1.86%
• 6M: 1.78%
• 1Y: 0.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASGM

• 1D: -0.53%
• 1M: 7.21%
• YTD: 22.52%
• 6M: 24.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KMID vs. ASGM - Yearly Performance Comparison

	2026 (YTD)	2025
KMID Virtus KAR Mid-Cap ETF	1.86%	-0.76%
ASGM Virtus AlphaSimplex Global Macro ETF	22.52%	11.57%

Correlation

The correlation between KMID and ASGM is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 6, 2025	0.56

Return for Risk

KMID vs. ASGM — Risk / Return Rank

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

KMID

KMID Risk / Return Rank: 10
KMID Sharpe Ratio Rank: 10
KMID Sortino Ratio Rank: 9
KMID Omega Ratio Rank: 9
KMID Calmar Ratio Rank: 10
KMID Martin Ratio Rank: 10

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.

KMID vs. ASGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus KAR Mid-Cap ETF (KMID) and Virtus AlphaSimplex Global Macro ETF (ASGM). 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.

	KMID	ASGM	Difference
Sharpe ratio: Return per unit of total volatility	0.05	—	—
Sortino ratio: Return per unit of downside risk	0.18	—	—
Omega ratio: Gain probability vs. loss probability	1.02	—	—
Calmar ratio: Return relative to maximum drawdown	0.07	—	—
Martin ratio: Return relative to average drawdown	0.17	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	KMID	ASGM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	2.95	-2.98

Drawdowns

KMID vs. ASGM - Drawdown Comparison

The maximum KMID drawdown since its inception was -18.89%, which is greater than ASGM's maximum drawdown of -6.62%. Use the drawdown chart below to compare losses from any high point for KMID and ASGM.

Drawdown Indicators

	KMID	ASGM	Difference
Max Drawdown Largest peak-to-trough decline	-18.89%	-6.62%	-12.27%
Max Drawdown (1Y) Largest decline over 1 year	-10.71%	—	—
Current Drawdown Current decline from peak	-5.28%	-0.53%	-4.75%
Average Drawdown Average peak-to-trough decline	-5.77%	-1.22%	-4.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.27%	—	—

Volatility

Volatility by Period

	KMID	ASGM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.34%	15.67%	-1.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	15.67%	+1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	15.67%	+1.24%

KMID vs. ASGM - Expense Ratio Comparison

KMID has a 0.80% expense ratio, which is lower than ASGM's 0.86% expense ratio.

Dividends

KMID vs. ASGM - Dividend Comparison

KMID's dividend yield for the trailing twelve months is around 0.11%, less than ASGM's 3.69% yield.

Position	TTM	2025	2024
ASGM Virtus AlphaSimplex Global Macro ETF	3.69%	4.52%	0.00%
KMID Virtus KAR Mid-Cap ETF	0.11%	0.06%	0.05%

Frequently Asked Questions

Can I hold both KMID and ASGM in my portfolio?

KMID and ASGM have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KMID or ASGM?

On fees, KMID is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KMID or ASGM?

KMID is cheaper with a 0.80% expense ratio, compared with 0.86% for ASGM.

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

ASGM has the higher dividend yield at 3.69%, compared with 0.11% for KMID.

What is the main difference between KMID and ASGM?

KMID is categorized as Mid Cap Growth Equities, while ASGM is Tactical Allocation. Their fees differ too: 0.80% for KMID and 0.86% for ASGM.