VIISX vs. OANMX

Last updated Jun 3, 2026

VIISX (Virtus KAR International Small-Mid Cap Fund) and OANMX (Oakmark Fund Institutional Class) are both mutual funds - VIISX is a Foreign Small & Mid Cap Equities fund managed by Virtus, while OANMX is a Large Cap Value Equities fund managed by Oakmark. Over the past 5 years, VIISX returned -1.15%/yr vs 9.84%/yr for OANMX. A 0.58 correlation means they provide meaningful diversification when combined. VIISX charges 1.19%/yr vs 0.68%/yr for OANMX.

Performance

VIISX vs. OANMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus KAR International Small-Mid Cap Fund (VIISX) and Oakmark Fund Institutional Class (OANMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIISX achieves a -0.53% return, which is significantly lower than OANMX's -0.04% return.

VIISX

• 1D: -1.06%
• 1M: 0.59%
• YTD: -0.53%
• 6M: 1.80%
• 1Y: -4.65%
• 3Y*: 9.68%
• 5Y*: -1.15%
• 10Y*: 8.05%

OANMX

• 1D: 0.84%
• 1M: 0.04%
• YTD: -0.04%
• 6M: 4.43%
• 1Y: 13.42%
• 3Y*: 15.60%
• 5Y*: 9.84%
• 10Y*: —

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

VIISX vs. OANMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIISX Virtus KAR International Small-Mid Cap Fund	-0.53%	14.30%	4.06%	22.36%	-34.42%	5.84%	24.38%	27.62%	-6.81%	28.57%
OANMX Oakmark Fund Institutional Class	-0.04%	14.38%	16.28%	31.21%	-13.18%	34.87%	13.09%	27.35%	-12.62%	15.96%

Correlation

The correlation between VIISX and OANMX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.58

The correlation between VIISX and OANMX shifts across timeframes, from 0.42 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

VIISX vs. OANMX — Risk / Return Rank

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

VIISX

VIISX Risk / Return Rank: 1
VIISX Sharpe Ratio Rank: 1
VIISX Sortino Ratio Rank: 1
VIISX Omega Ratio Rank: 1
VIISX Calmar Ratio Rank: 1
VIISX Martin Ratio Rank: 1

OANMX

OANMX Risk / Return Rank: 16
OANMX Sharpe Ratio Rank: 13
OANMX Sortino Ratio Rank: 13
OANMX Omega Ratio Rank: 12
OANMX Calmar Ratio Rank: 24
OANMX Martin Ratio Rank: 17

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.

VIISX vs. OANMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus KAR International Small-Mid Cap Fund (VIISX) and Oakmark Fund Institutional Class (OANMX). 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.

	VIISX	OANMX	Difference
Sharpe ratio Return per unit of total volatility	-0.32	1.01	-1.33
Sortino ratio Return per unit of downside risk	-0.37	1.52	-1.90
Omega ratio Gain probability vs. loss probability	0.96	1.18	-0.23
Calmar ratio Return relative to maximum drawdown	-0.28	1.89	-2.16
Martin ratio Return relative to average drawdown	-0.62	4.88	-5.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VIISX vs. OANMX - Sharpe Ratio Comparison

The current VIISX Sharpe Ratio is -0.32, which is lower than the OANMX Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of VIISX and OANMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VIISX	OANMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.32	1.01	-1.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	0.54	-0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.60	-0.02

Drawdowns

VIISX vs. OANMX - Drawdown Comparison

The maximum VIISX drawdown since its inception was -50.31%, which is greater than OANMX's maximum drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for VIISX and OANMX.

Drawdown Indicators

	VIISX	OANMX	Difference
Max Drawdown Largest peak-to-trough decline	-50.31%	-40.08%	-10.23%
Max Drawdown (1Y) Largest decline over 1 year	-14.94%	-6.93%	-8.01%
Max Drawdown (3Y) Largest decline over 3 years	-15.58%	-17.01%	+1.43%
Max Drawdown (5Y) Largest decline over 5 years	-50.31%	-23.55%	-26.76%
Max Drawdown (10Y) Largest decline over 10 years	-50.31%	—	—
Current Drawdown Current decline from peak	-12.43%	-2.61%	-9.82%
Average Drawdown Average peak-to-trough decline	-11.26%	-5.58%	-5.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.62%	2.68%	+3.94%

Volatility

VIISX vs. OANMX - Volatility Comparison

Virtus KAR International Small-Mid Cap Fund (VIISX) has a higher volatility of 3.83% compared to Oakmark Fund Institutional Class (OANMX) at 2.82%. This indicates that VIISX's price experiences larger fluctuations and is considered to be riskier than OANMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIISX	OANMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.83%	2.82%	+1.01%
Volatility (6M) Calculated over the trailing 6-month period	10.12%	9.31%	+0.81%
Volatility (1Y) Calculated over the trailing 1-year period	12.49%	13.00%	-0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.19%	18.28%	-2.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.44%	20.65%	-5.21%

VIISX vs. OANMX - Expense Ratio Comparison

VIISX has a 1.19% expense ratio, which is higher than OANMX's 0.68% expense ratio.

Dividends

VIISX vs. OANMX - Dividend Comparison

VIISX's dividend yield for the trailing twelve months is around 3.74%, more than OANMX's 1.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OANMX Oakmark Fund Institutional Class	1.14%	1.14%	1.34%	1.22%	1.17%	1.94%	0.33%	8.53%	8.37%	0.66%	0.00%	0.00%
VIISX Virtus KAR International Small-Mid Cap Fund	3.74%	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

Can I hold both VIISX and OANMX in my portfolio?

VIISX and OANMX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VIISX or OANMX?

VIISX has higher volatility (3.83%) compared to OANMX (2.82%). In terms of maximum drawdown, VIISX dropped -50.31% vs OANMX's -40.08%.

Which has better risk-adjusted returns?

OANMX currently has the higher Sharpe Ratio (1.01 vs -0.32), 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.