VIKSX vs. ^GSPC

Last updated Apr 1, 2026

Compare and contrast key facts about Virtus KAR Small-Mid Cap Growth Fund (VIKSX) and S&P 500 Index (^GSPC).

VIKSX is managed by Virtus. It was launched on Dec 7, 2020.

Performance

VIKSX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus KAR Small-Mid Cap Growth Fund (VIKSX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

VIKSX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VIKSX Virtus KAR Small-Mid Cap Growth Fund	-11.63%	-8.33%	12.39%	18.92%	-22.54%	5.38%	3.23%
^GSPC S&P 500 Index	-4.63%	16.39%	23.31%	24.23%	-19.44%	26.89%	2.98%

Returns By Period

In the year-to-date period, VIKSX achieves a -11.63% return, which is significantly lower than ^GSPC's -4.63% return.

VIKSX

• 1D: -0.11%
• 1M: -11.37%
• YTD: -11.63%
• 6M: -18.41%
• 1Y: -15.51%
• 3Y*: 0.48%
• 5Y*: -1.60%
• 10Y*: —

^GSPC

• 1D: 2.91%
• 1M: -5.09%
• YTD: -4.63%
• 6M: -2.39%
• 1Y: 16.33%
• 3Y*: 16.69%
• 5Y*: 10.18%
• 10Y*: 12.16%

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

Return for Risk

VIKSX vs. ^GSPC — Risk / Return Rank

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

VIKSX

VIKSX Risk / Return Rank: 0
VIKSX Sharpe Ratio Rank: 1
VIKSX Sortino Ratio Rank: 0
VIKSX Omega Ratio Rank: 1
VIKSX Calmar Ratio Rank: 0
VIKSX Martin Ratio Rank: 0

^GSPC

^GSPC Risk / Return Rank: 74
^GSPC Sharpe Ratio Rank: 69
^GSPC Sortino Ratio Rank: 68
^GSPC Omega Ratio Rank: 76
^GSPC Calmar Ratio Rank: 73
^GSPC Martin Ratio Rank: 85

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.

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 ratio Return per unit of total volatility	-0.80	0.90	-1.69
Sortino ratio Return per unit of downside risk	-1.11	1.39	-2.50
Omega ratio Gain probability vs. loss probability	0.87	1.21	-0.34
Calmar ratio Return relative to maximum drawdown	-0.76	1.40	-2.16
Martin ratio Return relative to average drawdown	-2.07	6.61	-8.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VIKSX vs. ^GSPC - Sharpe Ratio Comparison

The current VIKSX Sharpe Ratio is -0.80, which is lower than the ^GSPC Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of VIKSX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VIKSX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.80	0.90	-1.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	0.61	-0.69
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	0.46	-0.55

Correlation

The correlation between VIKSX and ^GSPC is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

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.

Drawdown Indicators

	VIKSX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-34.44%	-56.78%	+22.34%
Max Drawdown (1Y) Largest decline over 1 year	-21.39%	-12.14%	-9.25%
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 Drawdown Current decline from peak	-26.02%	-6.45%	-19.57%
Average Drawdown Average peak-to-trough decline	-13.58%	-10.75%	-2.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.87%	2.57%	+5.30%

Volatility

VIKSX vs. ^GSPC - Volatility Comparison

The current volatility for Virtus KAR Small-Mid Cap Growth Fund (VIKSX) is 4.17%, while S&P 500 Index (^GSPC) has a volatility of 5.34%. This indicates that VIKSX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIKSX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	5.34%	-1.17%
Volatility (6M) Calculated over the trailing 6-month period	11.69%	9.54%	+2.15%
Volatility (1Y) Calculated over the trailing 1-year period	18.96%	18.33%	+0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.77%	16.91%	+1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.85%	18.05%	+0.80%