VIMCX vs. SPY
Compare and contrast key facts about Virtus KAR Mid-Cap Core Fund (VIMCX) and SPDR S&P 500 ETF (SPY).
VIMCX is managed by Virtus. It was launched on Jun 22, 2009. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIMCX or SPY.
Key characteristics
| VIMCX | SPY | |
|---|---|---|
| YTD Return | 7.34% | 18.86% |
| 1Y Return | 16.76% | 28.13% |
| 3Y Return (Ann) | 3.75% | 9.87% |
| 5Y Return (Ann) | 12.25% | 15.23% |
| 10Y Return (Ann) | 12.67% | 12.80% |
| Sharpe Ratio | 1.09 | 2.21 |
| Daily Std Dev | 14.99% | 12.60% |
| Max Drawdown | -33.92% | -55.19% |
| Current Drawdown | -0.20% | -0.61% |
Correlation
The correlation between VIMCX and SPY is 0.89, 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.
Performance
VIMCX vs. SPY - Performance Comparison
In the year-to-date period, VIMCX achieves a 7.34% return, which is significantly lower than SPY's 18.86% return. Both investments have delivered pretty close results over the past 10 years, with VIMCX having a 12.67% annualized return and SPY not far ahead at 12.80%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VIMCX vs. SPY - Expense Ratio Comparison
VIMCX has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
VIMCX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus KAR Mid-Cap Core Fund (VIMCX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
VIMCX vs. SPY - Dividend Comparison
VIMCX's dividend yield for the trailing twelve months is around 2.20%, more than SPY's 0.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIMCX Virtus KAR Mid-Cap Core Fund | 2.20% | 2.36% | 0.23% | 1.58% | 0.67% | 0.94% | 0.77% | 0.29% | 0.00% | 0.63% | 5.50% | 1.57% |
SPY SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VIMCX vs. SPY - Drawdown Comparison
The maximum VIMCX drawdown since its inception was -33.92%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VIMCX and SPY. For additional features, visit the drawdowns tool.
Volatility
VIMCX vs. SPY - Volatility Comparison
Virtus KAR Mid-Cap Core Fund (VIMCX) has a higher volatility of 4.25% compared to SPDR S&P 500 ETF (SPY) at 3.84%. This indicates that VIMCX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.