VISAX vs. ALOIX
VISAX (Virtus KAR International Small-Mid Cap Fund Class A) and ALOIX (Virtus International Small-Cap Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, VISAX returned 7.94%/yr vs 8.42%/yr for ALOIX. A 0.75 correlation means they provide meaningful diversification when combined. VISAX charges 1.44%/yr vs 1.04%/yr for ALOIX.
Performance
VISAX vs. ALOIX - Performance Comparison
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Returns By Period
In the year-to-date period, VISAX achieves a 2.74% return, which is significantly lower than ALOIX's 13.88% return. Over the past 10 years, VISAX has underperformed ALOIX with an annualized return of 7.94%, while ALOIX has yielded a comparatively higher 8.42% annualized return.
VISAX
- 1D
- 0.19%
- 1M
- 1.75%
- 6M
- 1.25%
- YTD
- 2.74%
- 1Y
- -2.97%
- 3Y*
- 9.43%
- 5Y*
- -0.95%
- 10Y*
- 7.94%
ALOIX
- 1D
- 1.08%
- 1M
- 0.43%
- 6M
- 11.15%
- YTD
- 13.88%
- 1Y
- 32.36%
- 3Y*
- 19.11%
- 5Y*
- 6.68%
- 10Y*
- 8.42%
VISAX vs. ALOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VISAX Virtus KAR International Small-Mid Cap Fund Class A | 2.74% | 13.92% | 3.87% | 21.99% | -34.52% | 5.48% | 24.02% | 27.25% | -7.04% | 28.20% |
ALOIX Virtus International Small-Cap Fund | 13.88% | 36.22% | 2.65% | 19.43% | -26.96% | 6.02% | 15.92% | 24.57% | -22.78% | 37.59% |
Correlation
The correlation between VISAX and ALOIX is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.75 |
The correlation between VISAX and ALOIX has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.
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Return for Risk
VISAX vs. ALOIX — Risk / Return Rank
VISAX
ALOIX
VISAX vs. ALOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus KAR International Small-Mid Cap Fund Class A (VISAX) and Virtus International Small-Cap Fund (ALOIX). 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.
| VISAX | ALOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.64 | ||
| Sortino ratioReturn per unit of downside risk | -3.47 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.43 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 3.18 | -3.42 |
| Martin ratioReturn relative to average drawdown | -0.52 | 11.52 | -12.04 |
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Drawdowns
VISAX vs. ALOIX - Drawdown Comparison
The maximum VISAX drawdown since its inception was -50.44%, smaller than the maximum ALOIX drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for VISAX and ALOIX.
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Drawdown Indicators
| VISAX | ALOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.44% | -79.29% | +28.85% |
Max Drawdown (1Y)Largest decline over 1 year | -14.76% | -10.07% | -4.69% |
Max Drawdown (3Y)Largest decline over 3 years | -15.68% | -14.03% | -1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -50.44% | -39.41% | -11.03% |
Max Drawdown (10Y)Largest decline over 10 years | -50.44% | -42.79% | -7.65% |
Current DrawdownCurrent decline from peak | -10.57% | -1.59% | -8.98% |
Average DrawdownAverage peak-to-trough decline | -11.50% | -34.75% | +23.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.74% | 2.77% | +3.97% |
Volatility
VISAX vs. ALOIX - Volatility Comparison
The current volatility for Virtus KAR International Small-Mid Cap Fund Class A (VISAX) is 4.10%, while Virtus International Small-Cap Fund (ALOIX) has a volatility of 4.99%. This indicates that VISAX experiences smaller price fluctuations and is considered to be less risky than ALOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VISAX | ALOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 4.99% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 10.95% | 11.45% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.99% | 13.49% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 15.08% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.38% | 16.40% | -1.02% |
VISAX vs. ALOIX - Expense Ratio Comparison
VISAX has a 1.44% expense ratio, which is higher than ALOIX's 1.04% expense ratio.
Dividends
VISAX vs. ALOIX - Dividend Comparison
VISAX's dividend yield for the trailing twelve months is around 3.21%, less than ALOIX's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALOIX Virtus International Small-Cap Fund | 3.99% | 4.54% | 3.50% | 4.93% | 1.25% | 19.08% | 1.38% | 1.62% | 18.17% | 1.52% | 1.04% | 0.54% |
VISAX Virtus KAR International Small-Mid Cap Fund Class A | 3.21% | 3.30% | 1.78% | 0.00% | 0.00% | 8.03% | 0.90% | 1.75% | 1.12% | 1.68% | 2.54% | 3.17% |
Frequently Asked Questions
VISAX and ALOIX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALOIX has higher volatility (4.99%) compared to VISAX (4.10%). In terms of maximum drawdown, VISAX dropped -50.44% vs ALOIX's -79.29%.
ALOIX currently has the higher Sharpe Ratio (2.37 vs -0.27), 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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