KMID vs. ASMF

Last updated Jun 4, 2026

KMID (Virtus KAR Mid-Cap ETF) and ASMF (Virtus AlphaSimplex Managed Futures ETF) are both exchange-traded funds - KMID is a Mid Cap Growth Equities fund actively managed by Virtus, while ASMF is a Systematic Trend fund actively managed by Virtus. Both are actively managed. Over the past year, KMID returned 0.73% vs 17.16% for ASMF. At a 0.26 correlation, their price movements are largely independent. Both charge a 0.80% expense ratio.

Performance

KMID vs. ASMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus KAR Mid-Cap ETF (KMID) and Virtus AlphaSimplex Managed Futures ETF (ASMF). 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 ASMF's 9.39% return.

KMID

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

ASMF

• 1D: 0.01%
• 1M: 1.73%
• YTD: 9.39%
• 6M: 11.45%
• 1Y: 17.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KMID vs. ASMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KMID Virtus KAR Mid-Cap ETF	1.86%	0.31%	-2.93%
ASMF Virtus AlphaSimplex Managed Futures ETF	9.39%	1.16%	-0.46%

Correlation

The correlation between KMID and ASMF is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024	0.26

KMID vs. ASMF - Sectors Allocation Comparison

Sectors	KMID	ASMF
Industrials	49.3%	12.7%
Technology	19.1%	23.3%
Financial Services	12.1%	23.9%
Healthcare	10.8%	4.4%
Consumer Cyclical	8.8%	10.2%
Basic Materials	-	7.3%
Communication Services	-	5.5%
Consumer Defensive	-	4.2%
Energy	-	4.4%
Real Estate	-	1.2%
Utilities	-	3.1%

Return for Risk

KMID vs. ASMF — 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

ASMF

ASMF Risk / Return Rank: 51
ASMF Sharpe Ratio Rank: 44
ASMF Sortino Ratio Rank: 42
ASMF Omega Ratio Rank: 46
ASMF Calmar Ratio Rank: 69
ASMF Martin Ratio Rank: 54

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. ASMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus KAR Mid-Cap ETF (KMID) and Virtus AlphaSimplex Managed Futures ETF (ASMF). 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	ASMF	Difference
Sharpe ratio: Return per unit of total volatility	0.05	1.55	-1.49
Sortino ratio: Return per unit of downside risk	0.18	2.15	-1.97
Omega ratio: Gain probability vs. loss probability	1.02	1.29	-0.27
Calmar ratio: Return relative to maximum drawdown	0.07	3.43	-3.36
Martin ratio: Return relative to average drawdown	0.17	9.07	-8.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KMID vs. ASMF - Sharpe Ratio Comparison

The current KMID Sharpe Ratio is 0.05, which is lower than the ASMF Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of KMID and ASMF, 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

	KMID	ASMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.05	1.55	-1.49
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	0.30	-0.33

Drawdowns

KMID vs. ASMF - Drawdown Comparison

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

Drawdown Indicators

	KMID	ASMF	Difference
Max Drawdown Largest peak-to-trough decline	-18.89%	-15.31%	-3.58%
Max Drawdown (1Y) Largest decline over 1 year	-10.71%	-5.02%	-5.69%
Current Drawdown Current decline from peak	-5.28%	-1.34%	-3.94%
Average Drawdown Average peak-to-trough decline	-5.77%	-7.61%	+1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.27%	1.90%	+2.37%

Volatility

KMID vs. ASMF - Volatility Comparison

Virtus KAR Mid-Cap ETF (KMID) has a higher volatility of 3.78% compared to Virtus AlphaSimplex Managed Futures ETF (ASMF) at 2.59%. This indicates that KMID's price experiences larger fluctuations and is considered to be riskier than ASMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KMID	ASMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	2.59%	+1.19%
Volatility (6M) Calculated over the trailing 6-month period	11.17%	9.28%	+1.89%
Volatility (1Y) Calculated over the trailing 1-year period	14.34%	11.16%	+3.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	10.97%	+5.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	10.97%	+5.94%

KMID vs. ASMF - Expense Ratio Comparison

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

Dividends

KMID vs. ASMF - Dividend Comparison

KMID's dividend yield for the trailing twelve months is around 0.11%, less than ASMF's 0.20% 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 KMID and ASMF in my portfolio?

KMID and ASMF have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KMID or ASMF?

KMID has higher volatility (3.78%) compared to ASMF (2.59%). In terms of maximum drawdown, KMID dropped -18.89% vs ASMF's -15.31%.

Which ETF is better, KMID or ASMF?

On 1-year performance, ASMF leads with 17.16% vs 0.73% for KMID. Both ETFs have the same 0.80% expense ratio. On volatility, ASMF has been the lower-risk option at 2.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KMID or ASMF?

Over the 1-year period, ASMF has performed better with a 17.16% return vs 0.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KMID or ASMF?

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

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

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

What is the main difference between KMID and ASMF?

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

Which has better risk-adjusted returns?

ASMF currently has the higher Sharpe Ratio (1.55 vs 0.05), 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.