TMCIX vs. PKSFX

Last updated Aug 4, 2026

TMCIX (RBC SMID Cap Growth Fund) and PKSFX (Virtus KAR Small-Cap Core Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, TMCIX returned 9.84%/yr vs 15.13%/yr for PKSFX. Their correlation of 0.88 means they have usually moved in the same direction. TMCIX charges 0.82%/yr vs 1.00%/yr for PKSFX.

Performance

TMCIX vs. PKSFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RBC SMID Cap Growth Fund (TMCIX) and Virtus KAR Small-Cap Core Fund (PKSFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TMCIX achieves a 8.16% return, which is significantly higher than PKSFX's 7.13% return. Over the past 10 years, TMCIX has underperformed PKSFX with an annualized return of 9.84%, while PKSFX has yielded a comparatively higher 15.13% annualized return.

TMCIX

• 1D: 0.63%
• 1M: 1.07%
• 6M: 5.04%
• YTD: 8.16%
• 1Y: 12.98%
• 3Y*: 5.19%
• 5Y*: 3.86%
• 10Y*: 9.84%
• ALL TIME*: 5.95%

PKSFX

• 1D: -0.21%
• 1M: -2.87%
• 6M: -0.76%
• YTD: 7.13%
• 1Y: 5.83%
• 3Y*: 8.78%
• 5Y*: 8.12%
• 10Y*: 15.13%
• ALL TIME*: 10.84%

*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)
PKSFX Virtus KAR Small-Cap Core Fund	$0.00	$0.00	$0.00
TMCIX RBC SMID Cap Growth Fund	$0.00	$0.00	$0.00

TMCIX vs. PKSFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TMCIX RBC SMID Cap Growth Fund	8.16%	-0.79%	6.78%	17.32%	-16.59%	23.50%	20.52%	33.98%	-4.58%	17.07%
PKSFX Virtus KAR Small-Cap Core Fund	7.13%	-2.58%	13.67%	32.32%	-10.77%	19.03%	21.38%	40.21%	-1.99%	34.98%

Correlation

The correlation between TMCIX and PKSFX is 0.82, 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.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.89
Correlation (All Time) Calculated using the full available price history since Oct 18, 1996	0.88

The correlation between TMCIX and PKSFX has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.

Return for Risk

TMCIX vs. PKSFX — Risk / Return Rank

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

TMCIX

TMCIX Risk / Return Rank: 18
TMCIX Sharpe Ratio Rank: 18
TMCIX Sortino Ratio Rank: 21
TMCIX Omega Ratio Rank: 18
TMCIX Calmar Ratio Rank: 17
TMCIX Martin Ratio Rank: 17

PKSFX

PKSFX Risk / Return Rank: 8
PKSFX Sharpe Ratio Rank: 8
PKSFX Sortino Ratio Rank: 8
PKSFX Omega Ratio Rank: 7
PKSFX Calmar Ratio Rank: 8
PKSFX Martin Ratio Rank: 7

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.

TMCIX vs. PKSFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC SMID Cap Growth Fund (TMCIX) and Virtus KAR Small-Cap Core Fund (PKSFX). 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.

	TMCIX	PKSFX	Difference
Sharpe ratio: Return per unit of total volatility	0.75	0.29	+0.46
Sortino ratio: Return per unit of downside risk	1.24	0.56	+0.68
Omega ratio: Gain probability vs. loss probability	1.14	1.06	+0.08
Calmar ratio: Return relative to maximum drawdown	0.91	0.41	+0.50
Martin ratio: Return relative to average drawdown	2.51	0.82	+1.69

TMCIX vs. PKSFX - Sharpe Ratio Comparison

The current TMCIX Sharpe Ratio is 0.75, which is higher than the PKSFX Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of TMCIX and PKSFX, 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

TMCIX vs. PKSFX - Drawdown Comparison

The maximum TMCIX drawdown since its inception was -57.70%, which is greater than PKSFX's maximum drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for TMCIX and PKSFX.

Drawdown Indicators

	TMCIX	PKSFX	Difference
Max Drawdown Largest peak-to-trough decline	-57.70%	-54.46%	-3.24%
Max Drawdown (1Y) Largest decline over 1 year	-13.76%	-11.19%	-2.57%
Max Drawdown (3Y) Largest decline over 3 years	-25.64%	-21.82%	-3.82%
Max Drawdown (5Y) Largest decline over 5 years	-25.64%	-22.02%	-3.62%
Max Drawdown (10Y) Largest decline over 10 years	-37.34%	-33.45%	-3.89%
Current Drawdown Current decline from peak	0.00%	-4.43%	+4.43%
Average Drawdown Average peak-to-trough decline	-16.50%	-7.15%	-9.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.96%	5.62%	-0.66%

Volatility

TMCIX vs. PKSFX - Volatility Comparison

The current volatility for RBC SMID Cap Growth Fund (TMCIX) is 3.70%, while Virtus KAR Small-Cap Core Fund (PKSFX) has a volatility of 4.20%. This indicates that TMCIX experiences smaller price fluctuations and is considered to be less risky than PKSFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TMCIX	PKSFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	4.20%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	11.83%	11.00%	+0.83%
Volatility (1Y) Calculated over the trailing 1-year period	16.69%	15.68%	+1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.20%	17.99%	+2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.73%	18.80%	+1.93%

TMCIX vs. PKSFX - Expense Ratio Comparison

TMCIX has a 0.82% expense ratio, which is lower than PKSFX's 1.00% expense ratio.

Dividends

TMCIX vs. PKSFX - Dividend Comparison

TMCIX's dividend yield for the trailing twelve months is around 7.19%, less than PKSFX's 13.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PKSFX Virtus KAR Small-Cap Core Fund	13.35%	14.30%	4.07%	4.12%	6.65%	12.05%	7.45%	4.03%	4.33%	0.17%	5.69%	19.83%
TMCIX RBC SMID Cap Growth Fund	7.19%	7.78%	1.32%	2.04%	7.82%	24.68%	2.63%	7.32%	9.26%	22.57%	7.25%	11.05%

Frequently Asked Questions

Can I hold both TMCIX and PKSFX in my portfolio?

TMCIX and PKSFX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TMCIX or PKSFX?

PKSFX has higher volatility (4.20%) compared to TMCIX (3.70%). In terms of maximum drawdown, TMCIX dropped -57.70% vs PKSFX's -54.46%.

Which has better risk-adjusted returns?

TMCIX currently has the higher Sharpe Ratio (0.75 vs 0.29), 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.