VIKSX vs. ^GSPC
VIKSX (Virtus KAR Small-Mid Cap Growth Fund) is Mid Cap Growth Equities fund managed by Virtus, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, VIKSX returned -1.00%/yr vs 12.39%/yr for ^GSPC. A 0.78 correlation means they provide meaningful diversification when combined.
Performance
VIKSX vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, VIKSX achieves a -3.62% return, which is significantly lower than ^GSPC's 10.79% return.
VIKSX
- 1D
- -0.70%
- 1M
- 1.34%
- YTD
- -3.62%
- 6M
- -5.83%
- 1Y
- -11.73%
- 3Y*
- 3.09%
- 5Y*
- -1.00%
- 10Y*
- —
^GSPC
- 1D
- 0.41%
- 1M
- 4.48%
- YTD
- 10.79%
- 6M
- 10.60%
- 1Y
- 27.02%
- 3Y*
- 21.07%
- 5Y*
- 12.39%
- 10Y*
- 13.65%
VIKSX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VIKSX Virtus KAR Small-Mid Cap Growth Fund | -3.62% | -8.33% | 12.39% | 18.92% | -22.54% | 5.38% | 3.23% |
^GSPC S&P 500 Index | 10.79% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 2.98% |
Correlation
The correlation between VIKSX and ^GSPC is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2020 | 0.78 |
The correlation between VIKSX and ^GSPC shifts across timeframes, from 0.66 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VIKSX vs. ^GSPC — Risk / Return Rank
VIKSX
^GSPC
VIKSX vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus KAR Small-Mid Cap Growth Fund (VIKSX) and S&P 500 Index (^GSPC). 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.
| VIKSX | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.95 | ||
| Sortino ratioReturn per unit of downside risk | -4.01 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.41 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 2.98 | -3.49 |
| Martin ratioReturn relative to average drawdown | -1.05 | 13.78 | -14.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VIKSX | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | 2.28 | -2.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.74 | -0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.47 | -0.48 |
Drawdowns
VIKSX vs. ^GSPC - Drawdown Comparison
The maximum VIKSX drawdown since its inception was -34.44%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for VIKSX and ^GSPC.
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Drawdown Indicators
| VIKSX | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.44% | -56.78% | +22.34% |
Max Drawdown (1Y)Largest decline over 1 year | -21.39% | -9.10% | -12.29% |
Max Drawdown (3Y)Largest decline over 3 years | -26.02% | -18.90% | -7.12% |
Max Drawdown (5Y)Largest decline over 5 years | -34.44% | -25.43% | -9.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -19.31% | -0.33% | -18.98% |
Average DrawdownAverage peak-to-trough decline | -13.81% | -10.72% | -3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.16% | 1.97% | +8.19% |
Volatility
VIKSX vs. ^GSPC - Volatility Comparison
Virtus KAR Small-Mid Cap Growth Fund (VIKSX) has a higher volatility of 5.00% compared to S&P 500 Index (^GSPC) at 2.88%. This indicates that VIKSX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIKSX | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 2.88% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 12.45% | 9.00% | +3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.19% | 11.89% | +4.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.84% | 16.90% | +1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.83% | 18.06% | +0.77% |
Frequently Asked Questions
VIKSX and ^GSPC have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIKSX has higher volatility (5.00%) compared to ^GSPC (2.88%). In terms of maximum drawdown, VIKSX dropped -34.44% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (2.28 vs -0.66), 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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