VIISX vs. KGGIX
VIISX (Virtus KAR International Small-Mid Cap Fund) and KGGIX (Kopernik Global All-Cap Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, VIISX returned 8.11%/yr vs 11.34%/yr for KGGIX. A 0.56 correlation means they provide meaningful diversification when combined. VIISX charges 1.19%/yr vs 1.01%/yr for KGGIX.
Performance
VIISX vs. KGGIX - Performance Comparison
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Returns By Period
In the year-to-date period, VIISX achieves a 2.58% return, which is significantly higher than KGGIX's 0.77% return. Over the past 10 years, VIISX has underperformed KGGIX with an annualized return of 8.11%, while KGGIX has yielded a comparatively higher 11.34% annualized return.
VIISX
- 1D
- -0.28%
- 1M
- 1.49%
- 6M
- 1.20%
- YTD
- 2.58%
- 1Y
- -2.97%
- 3Y*
- 8.44%
- 5Y*
- -0.81%
- 10Y*
- 8.11%
KGGIX
- 1D
- -0.51%
- 1M
- -5.61%
- 6M
- -3.40%
- YTD
- 0.77%
- 1Y
- 19.44%
- 3Y*
- 19.03%
- 5Y*
- 10.46%
- 10Y*
- 11.34%
VIISX vs. KGGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIISX Virtus KAR International Small-Mid Cap Fund | 2.58% | 14.30% | 4.06% | 22.36% | -34.42% | 5.84% | 24.38% | 27.62% | -6.81% | 28.48% |
KGGIX Kopernik Global All-Cap Fund | 0.77% | 64.88% | -4.91% | 13.43% | -9.05% | 16.86% | 37.23% | 10.00% | -11.07% | 8.98% |
Correlation
The correlation between VIISX and KGGIX 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 | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2013 | 0.56 |
The correlation between VIISX and KGGIX has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.
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Return for Risk
VIISX vs. KGGIX — Risk / Return Rank
VIISX
KGGIX
VIISX vs. KGGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus KAR International Small-Mid Cap Fund (VIISX) and Kopernik Global All-Cap Fund (KGGIX). 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 | KGGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.23 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 1.52 | -1.72 |
| Martin ratioReturn relative to average drawdown | -0.45 | 4.25 | -4.70 |
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Drawdowns
VIISX vs. KGGIX - Drawdown Comparison
The maximum VIISX drawdown since its inception was -50.31%, which is greater than KGGIX's maximum drawdown of -45.11%. Use the drawdown chart below to compare losses from any high point for VIISX and KGGIX.
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Drawdown Indicators
| VIISX | KGGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.31% | -45.11% | -5.20% |
Max Drawdown (1Y)Largest decline over 1 year | -14.64% | -13.27% | -1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -15.58% | -13.76% | -1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -50.31% | -26.43% | -23.88% |
Max Drawdown (10Y)Largest decline over 10 years | -50.31% | -31.59% | -18.72% |
Current DrawdownCurrent decline from peak | -9.69% | -12.82% | +3.13% |
Average DrawdownAverage peak-to-trough decline | -11.26% | -9.52% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.64% | 4.73% | +1.91% |
Volatility
VIISX vs. KGGIX - Volatility Comparison
The current volatility for Virtus KAR International Small-Mid Cap Fund (VIISX) is 4.12%, while Kopernik Global All-Cap Fund (KGGIX) has a volatility of 4.91%. This indicates that VIISX experiences smaller price fluctuations and is considered to be less risky than KGGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIISX | KGGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 4.91% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 10.91% | 12.97% | -2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.98% | 15.60% | -2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 15.31% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.37% | 14.97% | +0.40% |
VIISX vs. KGGIX - Expense Ratio Comparison
VIISX has a 1.19% expense ratio, which is higher than KGGIX's 1.01% expense ratio.
Dividends
VIISX vs. KGGIX - Dividend Comparison
VIISX's dividend yield for the trailing twelve months is around 3.62%, less than KGGIX's 16.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KGGIX Kopernik Global All-Cap Fund | 16.33% | 16.46% | 1.04% | 8.60% | 13.59% | 9.30% | 4.81% | 3.02% | 0.25% | 4.40% | 3.34% | 0.81% |
VIISX Virtus KAR International Small-Mid Cap Fund | 3.62% | 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 KGGIX 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.
KGGIX has higher volatility (4.91%) compared to VIISX (4.12%). In terms of maximum drawdown, VIISX dropped -50.31% vs KGGIX's -45.11%.
KGGIX currently has the higher Sharpe Ratio (1.29 vs -0.23), 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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