VIKSX vs. SSMHX
VIKSX (Virtus KAR Small-Mid Cap Growth Fund) and SSMHX (State Street Small/Mid Cap Equity Index Portfolio) are both Mid Cap Growth Equities funds. Over the past 5 years, VIKSX returned -1.61%/yr vs 5.84%/yr for SSMHX. Their correlation of 0.85 means they have usually moved in the same direction. VIKSX charges 1.06%/yr vs 0.02%/yr for SSMHX.
Performance
VIKSX vs. SSMHX - Performance Comparison
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Returns By Period
In the year-to-date period, VIKSX achieves a 0.29% return, which is significantly lower than SSMHX's 13.90% return.
VIKSX
- 1D
- -0.97%
- 1M
- -2.75%
- 6M
- 1.18%
- YTD
- 0.29%
- 1Y
- -7.40%
- 3Y*
- 2.42%
- 5Y*
- -1.61%
- 10Y*
- —
- ALL TIME*
- 0.62%
SSMHX
- 1D
- 1.49%
- 1M
- -2.41%
- 6M
- 11.18%
- YTD
- 13.90%
- 1Y
- 24.63%
- 3Y*
- 14.32%
- 5Y*
- 5.84%
- 10Y*
- 11.42%
- ALL TIME*
- 10.38%
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 |
VIKSX vs. SSMHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VIKSX Virtus KAR Small-Mid Cap Growth Fund | 0.29% | -8.33% | 12.39% | 18.92% | -22.54% | 5.38% | 3.23% |
SSMHX State Street Small/Mid Cap Equity Index Portfolio | 13.90% | 12.90% | 10.73% | 25.21% | -25.43% | 13.08% | 3.40% |
Correlation
The correlation between VIKSX and SSMHX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2020 | 0.85 |
The correlation between VIKSX and SSMHX has been stable across timeframes, ranging from 0.76 to 0.86 - a consistent structural relationship.
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Return for Risk
VIKSX vs. SSMHX — Risk / Return Rank
VIKSX
SSMHX
VIKSX vs. SSMHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus KAR Small-Mid Cap Growth Fund (VIKSX) and State Street Small/Mid Cap Equity Index Portfolio (SSMHX). 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.
| VIKSX | SSMHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.22 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 2.15 | -2.60 |
| Martin ratioReturn relative to average drawdown | -0.87 | 7.52 | -8.39 |
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Drawdowns
VIKSX vs. SSMHX - Drawdown Comparison
The maximum VIKSX drawdown since its inception was -34.44%, smaller than the maximum SSMHX drawdown of -41.61%. Use the drawdown chart below to compare losses from any high point for VIKSX and SSMHX.
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Drawdown Indicators
| VIKSX | SSMHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.44% | -41.61% | +7.17% |
Max Drawdown (1Y)Largest decline over 1 year | -21.39% | -10.03% | -11.36% |
Max Drawdown (3Y)Largest decline over 3 years | -26.02% | -30.38% | +4.36% |
Max Drawdown (5Y)Largest decline over 5 years | -34.44% | -34.84% | +0.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.61% | — |
Current DrawdownCurrent decline from peak | -16.04% | -3.40% | -12.64% |
Average DrawdownAverage peak-to-trough decline | -13.87% | -9.04% | -4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.07% | 2.87% | +8.20% |
Volatility
VIKSX vs. SSMHX - Volatility Comparison
Virtus KAR Small-Mid Cap Growth Fund (VIKSX) has a higher volatility of 4.82% compared to State Street Small/Mid Cap Equity Index Portfolio (SSMHX) at 3.93%. This indicates that VIKSX's price experiences larger fluctuations and is considered to be riskier than SSMHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIKSX | SSMHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 3.93% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 13.10% | 13.24% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.95% | 17.53% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.98% | 22.48% | -3.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.79% | 22.37% | -3.58% |
VIKSX vs. SSMHX - Expense Ratio Comparison
VIKSX has a 1.06% expense ratio, which is higher than SSMHX's 0.02% expense ratio.
Dividends
VIKSX vs. SSMHX - Dividend Comparison
VIKSX has not paid dividends to shareholders, while SSMHX's dividend yield for the trailing twelve months is around 6.25%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSMHX State Street Small/Mid Cap Equity Index Portfolio | 6.25% | 7.12% | 0.00% | 1.56% | 2.31% | 16.30% | 2.91% | 3.65% | 6.43% | 4.01% | 1.71% | 0.73% |
VIKSX Virtus KAR Small-Mid Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VIKSX and SSMHX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIKSX has higher volatility (4.82%) compared to SSMHX (3.93%). In terms of maximum drawdown, VIKSX dropped -34.44% vs SSMHX's -41.61%.
SSMHX currently has the higher Sharpe Ratio (1.23 vs -0.57), 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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