PISMX vs. ALOIX

Last updated Aug 1, 2026

PISMX (Principal International Small Company Fund) and ALOIX (Virtus International Small-Cap Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, PISMX returned 6.73%/yr vs 8.18%/yr for ALOIX. Their correlation of 0.90 means they have usually moved in the same direction. PISMX charges 1.16%/yr vs 1.04%/yr for ALOIX.

Performance

PISMX vs. ALOIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal International Small Company Fund (PISMX) and Virtus International Small-Cap Fund (ALOIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PISMX achieves a 4.08% return, which is significantly lower than ALOIX's 14.50% return. Over the past 10 years, PISMX has underperformed ALOIX with an annualized return of 6.73%, while ALOIX has yielded a comparatively higher 8.18% annualized return.

PISMX

• 1D: 2.60%
• 1M: -0.15%
• 6M: -0.38%
• YTD: 4.08%
• 1Y: 13.28%
• 3Y*: 12.51%
• 5Y*: 3.64%
• 10Y*: 6.73%
• ALL TIME*: 6.67%

ALOIX

• 1D: 2.43%
• 1M: 0.54%
• 6M: 6.90%
• YTD: 14.50%
• 1Y: 32.78%
• 3Y*: 17.80%
• 5Y*: 6.36%
• 10Y*: 8.18%
• ALL TIME*: 6.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ALOIX Virtus International Small-Cap Fund	$0.00	$0.00	$0.00
PISMX Principal International Small Company Fund	$0.00	$0.00	$0.00

PISMX vs. ALOIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PISMX Principal International Small Company Fund	4.08%	32.35%	1.09%	13.19%	-21.93%	8.18%	5.60%	26.71%	-20.26%	35.80%
ALOIX Virtus International Small-Cap Fund	14.50%	36.22%	2.65%	19.43%	-26.96%	6.02%	15.92%	24.57%	-22.78%	37.59%

Correlation

The correlation between PISMX and ALOIX is 0.80, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (10Y) Provides a long-term view across more market conditions.	0.89
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.90

The correlation between PISMX and ALOIX has been stable across timeframes, ranging from 0.80 to 0.90 - a consistent structural relationship.

Return for Risk

PISMX vs. ALOIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PISMX

PISMX Risk / Return Rank: 21
PISMX Sharpe Ratio Rank: 22
PISMX Sortino Ratio Rank: 22
PISMX Omega Ratio Rank: 22
PISMX Calmar Ratio Rank: 18
PISMX Martin Ratio Rank: 19

ALOIX

ALOIX Risk / Return Rank: 88
ALOIX Sharpe Ratio Rank: 92
ALOIX Sortino Ratio Rank: 87
ALOIX Omega Ratio Rank: 85
ALOIX Calmar Ratio Rank: 89
ALOIX Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PISMX vs. ALOIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal International Small Company Fund (PISMX) and Virtus International Small-Cap Fund (ALOIX). 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.

	PISMX	ALOIX	Difference
Sharpe ratio: Return per unit of total volatility	0.84	2.35	-1.51
Sortino ratio: Return per unit of downside risk	1.27	3.16	-1.90
Omega ratio: Gain probability vs. loss probability	1.16	1.42	-0.26
Calmar ratio: Return relative to maximum drawdown	0.97	3.27	-2.30
Martin ratio: Return relative to average drawdown	2.89	11.69	-8.81

PISMX vs. ALOIX - Sharpe Ratio Comparison

The current PISMX Sharpe Ratio is 0.84, which is lower than the ALOIX Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of PISMX and ALOIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PISMX vs. ALOIX - Drawdown Comparison

The maximum PISMX drawdown since its inception was -43.91%, smaller than the maximum ALOIX drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for PISMX and ALOIX.

Drawdown Indicators

	PISMX	ALOIX	Difference
Max Drawdown Largest peak-to-trough decline	-43.91%	-79.29%	+35.38%
Max Drawdown (1Y) Largest decline over 1 year	-13.73%	-10.07%	-3.66%
Max Drawdown (3Y) Largest decline over 3 years	-13.73%	-14.03%	+0.30%
Max Drawdown (5Y) Largest decline over 5 years	-36.48%	-39.41%	+2.93%
Max Drawdown (10Y) Largest decline over 10 years	-43.91%	-42.79%	-1.12%
Current Drawdown Current decline from peak	-4.97%	-1.05%	-3.92%
Average Drawdown Average peak-to-trough decline	-10.53%	-34.68%	+24.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.61%	2.81%	+1.80%

Volatility

PISMX vs. ALOIX - Volatility Comparison

Principal International Small Company Fund (PISMX) and Virtus International Small-Cap Fund (ALOIX) have volatilities of 4.94% and 5.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PISMX	ALOIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	5.02%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	13.59%	11.91%	+1.68%
Volatility (1Y) Calculated over the trailing 1-year period	15.87%	13.99%	+1.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.70%	15.11%	+1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.63%	16.44%	+0.19%

PISMX vs. ALOIX - Expense Ratio Comparison

PISMX has a 1.16% expense ratio, which is higher than ALOIX's 1.04% expense ratio.

Dividends

PISMX vs. ALOIX - Dividend Comparison

PISMX's dividend yield for the trailing twelve months is around 2.82%, less than ALOIX's 3.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALOIX Virtus International Small-Cap Fund	3.96%	4.54%	3.50%	4.93%	1.25%	19.08%	1.38%	1.62%	18.17%	1.52%	1.04%	0.54%
PISMX Principal International Small Company Fund	2.82%	2.93%	4.01%	1.97%	1.20%	9.45%	1.22%	2.83%	9.46%	4.93%	0.29%	1.25%

Frequently Asked Questions

Can I hold both PISMX and ALOIX in my portfolio?

PISMX and ALOIX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PISMX or ALOIX?

ALOIX has higher volatility (5.02%) compared to PISMX (4.94%). In terms of maximum drawdown, PISMX dropped -43.91% vs ALOIX's -79.29%.

Which has better risk-adjusted returns?

ALOIX currently has the higher Sharpe Ratio (2.35 vs 0.84), 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.