VGSAX vs. PKSFX

Last updated Jun 24, 2026

VGSAX (Virtus Duff & Phelps Global Real Estate Securities Fund Class A) and PKSFX (Virtus KAR Small-Cap Core Fund) are both mutual funds - VGSAX is a REIT fund actively managed by Virtus, while PKSFX is a Mid Cap Growth Equities fund managed by Virtus. Over the past 10 years, VGSAX returned 5.83%/yr vs 15.33%/yr for PKSFX. A 0.64 correlation means they provide meaningful diversification when combined. VGSAX charges 1.24%/yr vs 1.00%/yr for PKSFX.

Performance

VGSAX vs. PKSFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Duff & Phelps Global Real Estate Securities Fund Class A (VGSAX) 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, VGSAX achieves a 10.17% return, which is significantly higher than PKSFX's 6.08% return. Over the past 10 years, VGSAX has underperformed PKSFX with an annualized return of 5.83%, while PKSFX has yielded a comparatively higher 15.33% annualized return.

VGSAX

• 1D: 0.73%
• 1M: 0.13%
• YTD: 10.17%
• 6M: 10.51%
• 1Y: 11.71%
• 3Y*: 11.84%
• 5Y*: 2.12%
• 10Y*: 5.83%

PKSFX

• 1D: -0.29%
• 1M: 3.06%
• YTD: 6.08%
• 6M: 4.14%
• 1Y: 6.87%
• 3Y*: 11.38%
• 5Y*: 8.58%
• 10Y*: 15.33%

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

VGSAX vs. PKSFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGSAX Virtus Duff & Phelps Global Real Estate Securities Fund Class A	10.17%	9.19%	3.36%	9.89%	-27.03%	31.24%	-1.21%	29.47%	-4.94%	12.77%
PKSFX Virtus KAR Small-Cap Core Fund	6.08%	-2.58%	13.67%	32.32%	-10.77%	19.03%	21.38%	40.21%	-1.99%	34.98%

Correlation

The correlation between VGSAX and PKSFX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Mar 3, 2009	0.64

The correlation between VGSAX and PKSFX shifts across timeframes, from 0.51 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

VGSAX vs. PKSFX — Risk / Return Rank

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

VGSAX

VGSAX Risk / Return Rank: 17
VGSAX Sharpe Ratio Rank: 16
VGSAX Sortino Ratio Rank: 15
VGSAX Omega Ratio Rank: 16
VGSAX Calmar Ratio Rank: 15
VGSAX Martin Ratio Rank: 20

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: 9
PKSFX Martin Ratio Rank: 7

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.

VGSAX vs. PKSFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Duff & Phelps Global Real Estate Securities Fund Class A (VGSAX) 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.

	VGSAX	PKSFX	Difference
Sharpe ratio: Return per unit of total volatility	1.06	0.58	+0.48
Sortino ratio: Return per unit of downside risk	1.49	0.98	+0.51
Omega ratio: Gain probability vs. loss probability	1.19	1.11	+0.09
Calmar ratio: Return relative to maximum drawdown	1.26	0.80	+0.46
Martin ratio: Return relative to average drawdown	4.58	1.62	+2.96

VGSAX vs. PKSFX - Sharpe Ratio Comparison

The current VGSAX Sharpe Ratio is 1.06, which is higher than the PKSFX Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of VGSAX 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

VGSAX vs. PKSFX - Drawdown Comparison

The maximum VGSAX drawdown since its inception was -41.63%, smaller than the maximum PKSFX drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for VGSAX and PKSFX.

Drawdown Indicators

	VGSAX	PKSFX	Difference
Max Drawdown Largest peak-to-trough decline	-41.63%	-54.46%	+12.83%
Max Drawdown (1Y) Largest decline over 1 year	-10.17%	-11.19%	+1.02%
Max Drawdown (3Y) Largest decline over 3 years	-17.50%	-21.82%	+4.32%
Max Drawdown (5Y) Largest decline over 5 years	-34.81%	-22.02%	-12.79%
Max Drawdown (10Y) Largest decline over 10 years	-41.63%	-33.45%	-8.18%
Current Drawdown Current decline from peak	-1.29%	-5.36%	+4.07%
Average Drawdown Average peak-to-trough decline	-8.12%	-7.17%	-0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	5.54%	-2.75%

Volatility

VGSAX vs. PKSFX - Volatility Comparison

Virtus Duff & Phelps Global Real Estate Securities Fund Class A (VGSAX) and Virtus KAR Small-Cap Core Fund (PKSFX) have volatilities of 4.07% and 4.11%, 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

	VGSAX	PKSFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.07%	4.11%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	9.33%	11.31%	-1.98%
Volatility (1Y) Calculated over the trailing 1-year period	12.12%	15.61%	-3.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	17.96%	-1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.78%	18.84%	-1.06%

VGSAX vs. PKSFX - Expense Ratio Comparison

VGSAX has a 1.24% expense ratio, which is higher than PKSFX's 1.00% expense ratio.

Dividends

VGSAX vs. PKSFX - Dividend Comparison

VGSAX's dividend yield for the trailing twelve months is around 2.08%, less than PKSFX's 13.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PKSFX Virtus KAR Small-Cap Core Fund	13.48%	14.30%	4.07%	4.12%	6.65%	12.05%	7.45%	4.03%	4.33%	0.17%	5.69%	19.83%
VGSAX Virtus Duff & Phelps Global Real Estate Securities Fund Class A	2.08%	2.29%	2.22%	1.72%	0.62%	2.72%	0.00%	6.12%	1.60%	2.04%	2.39%	2.81%

Frequently Asked Questions

Can I hold both VGSAX and PKSFX in my portfolio?

VGSAX and PKSFX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VGSAX or PKSFX?

PKSFX has higher volatility (4.11%) compared to VGSAX (4.07%). In terms of maximum drawdown, VGSAX dropped -41.63% vs PKSFX's -54.46%.

Which has better risk-adjusted returns?

VGSAX currently has the higher Sharpe Ratio (1.06 vs 0.58), 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.