KSMIX vs. SMVTX

Last updated Jun 5, 2026

KSMIX (Keeley Small-Mid Cap Value Fund) and SMVTX (Virtus Ceredex Mid-Cap Value Equity Fund) are both Mid Cap Value Equities funds. Over the past 10 years, KSMIX returned 10.55%/yr vs 12.25%/yr for SMVTX. Their correlation of 0.91 suggests significant overlap in exposure. KSMIX charges 1.18%/yr vs 0.99%/yr for SMVTX.

Performance

KSMIX vs. SMVTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Keeley Small-Mid Cap Value Fund (KSMIX) and Virtus Ceredex Mid-Cap Value Equity Fund (SMVTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KSMIX achieves a 12.67% return, which is significantly lower than SMVTX's 21.96% return. Over the past 10 years, KSMIX has underperformed SMVTX with an annualized return of 10.55%, while SMVTX has yielded a comparatively higher 12.25% annualized return.

KSMIX

• 1D: -0.68%
• 1M: -1.06%
• YTD: 12.67%
• 6M: 11.51%
• 1Y: 25.02%
• 3Y*: 17.48%
• 5Y*: 8.05%
• 10Y*: 10.55%

SMVTX

• 1D: 0.34%
• 1M: 2.08%
• YTD: 21.96%
• 6M: 20.54%
• 1Y: 44.60%
• 3Y*: 24.07%
• 5Y*: 11.91%
• 10Y*: 12.25%

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

KSMIX vs. SMVTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KSMIX Keeley Small-Mid Cap Value Fund	12.67%	9.86%	14.18%	19.43%	-12.85%	26.28%	0.79%	31.89%	-17.49%	18.26%
SMVTX Virtus Ceredex Mid-Cap Value Equity Fund	21.96%	17.58%	18.93%	10.94%	-13.89%	29.15%	-1.19%	33.14%	-8.01%	11.69%

Correlation

The correlation between KSMIX and SMVTX is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Aug 17, 2007	0.91

The correlation between KSMIX and SMVTX has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.

Return for Risk

KSMIX vs. SMVTX — Risk / Return Rank

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

KSMIX

KSMIX Risk / Return Rank: 37
KSMIX Sharpe Ratio Rank: 31
KSMIX Sortino Ratio Rank: 32
KSMIX Omega Ratio Rank: 29
KSMIX Calmar Ratio Rank: 46
KSMIX Martin Ratio Rank: 46

SMVTX

SMVTX Risk / Return Rank: 88
SMVTX Sharpe Ratio Rank: 89
SMVTX Sortino Ratio Rank: 83
SMVTX Omega Ratio Rank: 77
SMVTX Calmar Ratio Rank: 96
SMVTX Martin Ratio Rank: 95

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.

KSMIX vs. SMVTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Keeley Small-Mid Cap Value Fund (KSMIX) and Virtus Ceredex Mid-Cap Value Equity Fund (SMVTX). 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.

	KSMIX	SMVTX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	2.92	-1.37
Sortino ratio: Return per unit of downside risk	2.29	3.97	-1.68
Omega ratio: Gain probability vs. loss probability	1.27	1.50	-0.23
Calmar ratio: Return relative to maximum drawdown	2.55	6.22	-3.67
Martin ratio: Return relative to average drawdown	9.41	22.89	-13.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KSMIX vs. SMVTX - Sharpe Ratio Comparison

The current KSMIX Sharpe Ratio is 1.55, which is lower than the SMVTX Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of KSMIX and SMVTX, 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

	KSMIX	SMVTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	2.92	-1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.59	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.60	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.49	-0.16

Drawdowns

KSMIX vs. SMVTX - Drawdown Comparison

The maximum KSMIX drawdown since its inception was -67.52%, which is greater than SMVTX's maximum drawdown of -54.72%. Use the drawdown chart below to compare losses from any high point for KSMIX and SMVTX.

Drawdown Indicators

	KSMIX	SMVTX	Difference
Max Drawdown Largest peak-to-trough decline	-67.52%	-54.72%	-12.80%
Max Drawdown (1Y) Largest decline over 1 year	-9.49%	-7.17%	-2.32%
Max Drawdown (3Y) Largest decline over 3 years	-29.45%	-24.75%	-4.70%
Max Drawdown (5Y) Largest decline over 5 years	-29.45%	-25.44%	-4.01%
Max Drawdown (10Y) Largest decline over 10 years	-52.10%	-45.45%	-6.65%
Current Drawdown Current decline from peak	-2.11%	0.00%	-2.11%
Average Drawdown Average peak-to-trough decline	-11.04%	-8.23%	-2.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	1.94%	+0.62%

Volatility

KSMIX vs. SMVTX - Volatility Comparison

The current volatility for Keeley Small-Mid Cap Value Fund (KSMIX) is 4.14%, while Virtus Ceredex Mid-Cap Value Equity Fund (SMVTX) has a volatility of 5.06%. This indicates that KSMIX experiences smaller price fluctuations and is considered to be less risky than SMVTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KSMIX	SMVTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.14%	5.06%	-0.92%
Volatility (6M) Calculated over the trailing 6-month period	10.96%	11.92%	-0.96%
Volatility (1Y) Calculated over the trailing 1-year period	15.67%	15.30%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.72%	20.45%	+1.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.04%	20.64%	+3.40%

KSMIX vs. SMVTX - Expense Ratio Comparison

KSMIX has a 1.18% expense ratio, which is higher than SMVTX's 0.99% expense ratio.

Dividends

KSMIX vs. SMVTX - Dividend Comparison

KSMIX's dividend yield for the trailing twelve months is around 9.00%, less than SMVTX's 13.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KSMIX Keeley Small-Mid Cap Value Fund	9.00%	10.14%	14.14%	9.24%	15.42%	28.48%	5.46%	18.92%	14.34%	11.18%	8.70%	4.14%
SMVTX Virtus Ceredex Mid-Cap Value Equity Fund	13.48%	16.44%	15.96%	1.16%	6.75%	18.53%	2.52%	5.82%	14.47%	20.86%	3.61%	7.05%

Frequently Asked Questions

Can I hold both KSMIX and SMVTX in my portfolio?

KSMIX and SMVTX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KSMIX or SMVTX?

SMVTX has higher volatility (5.06%) compared to KSMIX (4.14%). In terms of maximum drawdown, KSMIX dropped -67.52% vs SMVTX's -54.72%.

Which has better risk-adjusted returns?

SMVTX currently has the higher Sharpe Ratio (2.92 vs 1.55), 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.