VIISX vs. ASFYX
VIISX (Virtus KAR International Small-Mid Cap Fund) and ASFYX (Virtus AlphaSimplex Managed Futures Strategy Fund Class I) are both mutual funds - VIISX is a Foreign Small & Mid Cap Equities fund managed by Virtus, while ASFYX is a Systematic Trend fund actively managed by Virtus. Over the past 10 years, VIISX returned 7.80%/yr vs 2.32%/yr for ASFYX. Their 0.09 correlation means their historical movements had little consistent relationship. VIISX charges 1.19%/yr vs 1.45%/yr for ASFYX.
Performance
VIISX vs. ASFYX - Performance Comparison
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Returns By Period
In the year-to-date period, VIISX achieves a 2.87% return, which is significantly lower than ASFYX's 10.47% return. Over the past 10 years, VIISX has outperformed ASFYX with an annualized return of 7.80%, while ASFYX has yielded a comparatively lower 2.32% annualized return.
VIISX
- 1D
- -0.75%
- 1M
- 0.62%
- 6M
- -1.26%
- YTD
- 2.87%
- 1Y
- -0.49%
- 3Y*
- 8.52%
- 5Y*
- -1.10%
- 10Y*
- 7.80%
- ALL TIME*
- 8.28%
ASFYX
- 1D
- 0.83%
- 1M
- 1.91%
- 6M
- 6.34%
- YTD
- 10.47%
- 1Y
- 22.27%
- 3Y*
- -3.08%
- 5Y*
- 2.43%
- 10Y*
- 2.32%
- ALL TIME*
- 3.89%
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 |
VIISX vs. ASFYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIISX Virtus KAR International Small-Mid Cap Fund | 2.87% | 14.30% | 4.06% | 22.36% | -34.42% | 5.84% | 24.38% | 27.62% | -6.81% | 28.48% |
ASFYX Virtus AlphaSimplex Managed Futures Strategy Fund Class I | 10.47% | -9.67% | -3.22% | -10.33% | 35.67% | 3.52% | 13.59% | 8.99% | -12.59% | 6.78% |
Correlation
The correlation between VIISX and ASFYX is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.09 |
Over the past year, VIISX and ASFYX have become more correlated (0.31) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
VIISX vs. ASFYX — Risk / Return Rank
VIISX
ASFYX
VIISX vs. ASFYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus KAR International Small-Mid Cap Fund (VIISX) and Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX). 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.
| VIISX | ASFYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.29 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 2.90 | -2.97 |
| Martin ratioReturn relative to average drawdown | -0.16 | 8.29 | -8.45 |
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Drawdowns
VIISX vs. ASFYX - Drawdown Comparison
The maximum VIISX drawdown since its inception was -50.31%, which is greater than ASFYX's maximum drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for VIISX and ASFYX.
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Drawdown Indicators
| VIISX | ASFYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.31% | -36.43% | -13.88% |
Max Drawdown (1Y)Largest decline over 1 year | -13.51% | -7.42% | -6.09% |
Max Drawdown (3Y)Largest decline over 3 years | -14.94% | -30.32% | +15.38% |
Max Drawdown (5Y)Largest decline over 5 years | -50.31% | -36.43% | -13.88% |
Max Drawdown (10Y)Largest decline over 10 years | -50.31% | -36.43% | -13.88% |
Current DrawdownCurrent decline from peak | -9.43% | -21.62% | +12.19% |
Average DrawdownAverage peak-to-trough decline | -11.25% | -13.26% | +2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.58% | 2.59% | +2.99% |
Volatility
VIISX vs. ASFYX - Volatility Comparison
Virtus KAR International Small-Mid Cap Fund (VIISX) has a higher volatility of 3.82% compared to Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) at 2.97%. This indicates that VIISX's price experiences larger fluctuations and is considered to be riskier than ASFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIISX | ASFYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 2.97% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 9.81% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.07% | 12.63% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 13.79% | +2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.38% | 12.74% | +2.64% |
VIISX vs. ASFYX - Expense Ratio Comparison
VIISX has a 1.19% expense ratio, which is lower than ASFYX's 1.45% expense ratio.
Dividends
VIISX vs. ASFYX - Dividend Comparison
VIISX's dividend yield for the trailing twelve months is around 3.61%, more than ASFYX's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASFYX Virtus AlphaSimplex Managed Futures Strategy Fund Class I | 1.38% | 1.52% | 1.46% | 0.99% | 32.48% | 6.07% | 3.40% | 5.51% | 1.30% | 0.07% | 0.01% | 5.06% |
VIISX Virtus KAR International Small-Mid Cap Fund | 3.61% | 3.72% | 1.94% | 0.00% | 0.00% | 8.43% | 1.16% | 1.98% | 1.42% | 1.82% | 2.75% | 3.43% |
Frequently Asked Questions
VIISX and ASFYX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIISX has higher volatility (3.82%) compared to ASFYX (2.97%). In terms of maximum drawdown, VIISX dropped -50.31% vs ASFYX's -36.43%.
ASFYX currently has the higher Sharpe Ratio (1.71 vs -0.07), 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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