PXSGX vs. FSSNX
PXSGX (Virtus KAR Small-Cap Growth Fund) and FSSNX (Fidelity Small Cap Index Fund) are both mutual funds - PXSGX is a Small Cap Growth Equities fund managed by Virtus, while FSSNX is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Over the past 10 years, PXSGX returned 10.14%/yr vs 10.75%/yr for FSSNX. Their correlation of 0.83 means they have usually moved in the same direction. PXSGX charges 1.07%/yr vs 0.03%/yr for FSSNX.
Performance
PXSGX vs. FSSNX - Performance Comparison
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Returns By Period
In the year-to-date period, PXSGX achieves a -1.68% return, which is significantly lower than FSSNX's 19.50% return. Over the past 10 years, PXSGX has underperformed FSSNX with an annualized return of 10.14%, while FSSNX has yielded a comparatively higher 10.75% annualized return.
PXSGX
- 1D
- -1.96%
- 1M
- -0.29%
- 6M
- -4.28%
- YTD
- -1.68%
- 1Y
- -13.66%
- 3Y*
- -3.04%
- 5Y*
- -5.13%
- 10Y*
- 10.14%
- ALL TIME*
- 9.32%
FSSNX
- 1D
- 1.37%
- 1M
- -1.63%
- 6M
- 13.42%
- YTD
- 19.50%
- 1Y
- 37.75%
- 3Y*
- 15.41%
- 5Y*
- 7.34%
- 10Y*
- 10.75%
- ALL TIME*
- 11.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PXSGX vs. FSSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PXSGX Virtus KAR Small-Cap Growth Fund | -1.68% | -22.97% | 21.11% | 20.27% | -30.04% | 4.47% | 43.46% | 40.26% | 9.05% | 36.99% |
FSSNX Fidelity Small Cap Index Fund | 19.50% | 12.94% | 11.71% | 17.11% | -20.28% | 14.70% | 19.99% | 25.70% | -11.24% | 14.54% |
Correlation
The correlation between PXSGX and FSSNX is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2011 | 0.83 |
Over the past year, the correlation between PXSGX and FSSNX has dropped to 0.62 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
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Return for Risk
PXSGX vs. FSSNX — Risk / Return Rank
PXSGX
FSSNX
PXSGX vs. FSSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus KAR Small-Cap Growth Fund (PXSGX) and Fidelity Small Cap Index Fund (FSSNX). 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.
| PXSGX | FSSNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.58 | ||
| Sortino ratioReturn per unit of downside risk | -3.67 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.29 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 3.08 | -3.68 |
| Martin ratioReturn relative to average drawdown | -1.00 | 10.93 | -11.93 |
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Drawdowns
PXSGX vs. FSSNX - Drawdown Comparison
The maximum PXSGX drawdown since its inception was -53.72%, which is greater than FSSNX's maximum drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for PXSGX and FSSNX.
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Drawdown Indicators
| PXSGX | FSSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.72% | -41.72% | -12.00% |
Max Drawdown (1Y)Largest decline over 1 year | -26.52% | -11.00% | -15.52% |
Max Drawdown (3Y)Largest decline over 3 years | -42.49% | -27.45% | -15.04% |
Max Drawdown (5Y)Largest decline over 5 years | -42.49% | -31.87% | -10.62% |
Max Drawdown (10Y)Largest decline over 10 years | -42.49% | -41.72% | -0.77% |
Current DrawdownCurrent decline from peak | -35.13% | -2.53% | -32.60% |
Average DrawdownAverage peak-to-trough decline | -11.95% | -8.22% | -3.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.09% | 3.10% | +12.99% |
Volatility
PXSGX vs. FSSNX - Volatility Comparison
Virtus KAR Small-Cap Growth Fund (PXSGX) has a higher volatility of 6.18% compared to Fidelity Small Cap Index Fund (FSSNX) at 3.81%. This indicates that PXSGX's price experiences larger fluctuations and is considered to be riskier than FSSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PXSGX | FSSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 3.81% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 13.60% | 14.14% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.17% | 19.42% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.94% | 22.55% | +2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.63% | 23.42% | -0.79% |
PXSGX vs. FSSNX - Expense Ratio Comparison
PXSGX has a 1.07% expense ratio, which is higher than FSSNX's 0.03% expense ratio.
Dividends
PXSGX vs. FSSNX - Dividend Comparison
PXSGX's dividend yield for the trailing twelve months is around 48.73%, more than FSSNX's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSSNX Fidelity Small Cap Index Fund | 1.05% | 1.08% | 1.04% | 1.43% | 1.26% | 3.92% | 0.94% | 2.96% | 4.94% | 3.37% | 2.27% | 2.66% |
PXSGX Virtus KAR Small-Cap Growth Fund | 48.73% | 47.91% | 20.72% | 5.31% | 17.32% | 14.31% | 9.64% | 1.52% | 2.31% | 0.00% | 2.69% | 2.99% |
Frequently Asked Questions
PXSGX and FSSNX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PXSGX has higher volatility (6.18%) compared to FSSNX (3.81%). In terms of maximum drawdown, PXSGX dropped -53.72% vs FSSNX's -41.72%.
FSSNX currently has the higher Sharpe Ratio (1.74 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.
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