VISAX vs. ASFYX
VISAX (Virtus KAR International Small-Mid Cap Fund Class A) and ASFYX (Virtus AlphaSimplex Managed Futures Strategy Fund Class I) are both mutual funds - VISAX is a Foreign Small & Mid Cap Equities fund tracking the MSCI All Country World ex USA Small-Mid Cap Index, while ASFYX is a Systematic Trend fund actively managed by Virtus. VISAX is passively managed, while ASFYX is actively managed. Over the past 10 years, VISAX returned 7.52%/yr vs 2.32%/yr for ASFYX. Their 0.09 correlation means their historical movements had little consistent relationship. VISAX charges 1.44%/yr vs 1.45%/yr for ASFYX.
Performance
VISAX vs. ASFYX - 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 ASFYX's 10.47% return. Over the past 10 years, VISAX has outperformed ASFYX with an annualized return of 7.52%, while ASFYX has yielded a comparatively lower 2.32% annualized return.
VISAX
- 1D
- -0.76%
- 1M
- 0.62%
- 6M
- -1.36%
- YTD
- 2.74%
- 1Y
- -0.75%
- 3Y*
- 8.26%
- 5Y*
- -1.34%
- 10Y*
- 7.52%
- ALL TIME*
- 8.00%
ASFYX
- 1D
- 0.83%
- 1M
- 1.91%
- 6M
- 6.34%
- YTD
- 10.47%
- 1Y
- 22.27%
- 3Y*
- -3.08%
- 5Y*
- 2.43%
- 10Y*
- 2.32%
- ALL TIME*
- 3.89%
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 |
VISAX vs. ASFYX - 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% |
ASFYX Virtus AlphaSimplex Managed Futures Strategy Fund Class I | 10.47% | -9.67% | -3.22% | -10.33% | 35.67% | 3.52% | 13.59% | 8.99% | -12.59% | 6.78% |
Correlation
The correlation between VISAX and ASFYX is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.09 |
Over the past year, VISAX and ASFYX have become more correlated (0.31) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
VISAX vs. ASFYX — Risk / Return Rank
VISAX
ASFYX
VISAX vs. ASFYX - 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 AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX). 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 | ASFYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.29 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 2.90 | -2.98 |
| Martin ratioReturn relative to average drawdown | -0.20 | 8.29 | -8.50 |
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Drawdowns
VISAX vs. ASFYX - Drawdown Comparison
The maximum VISAX drawdown since its inception was -50.44%, which is greater than ASFYX's maximum drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for VISAX and ASFYX.
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Drawdown Indicators
| VISAX | ASFYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.44% | -36.43% | -14.01% |
Max Drawdown (1Y)Largest decline over 1 year | -13.58% | -7.42% | -6.16% |
Max Drawdown (3Y)Largest decline over 3 years | -15.06% | -30.32% | +15.26% |
Max Drawdown (5Y)Largest decline over 5 years | -50.44% | -36.43% | -14.01% |
Max Drawdown (10Y)Largest decline over 10 years | -50.44% | -36.43% | -14.01% |
Current DrawdownCurrent decline from peak | -10.57% | -21.62% | +11.05% |
Average DrawdownAverage peak-to-trough decline | -11.50% | -13.26% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.66% | 2.59% | +3.07% |
Volatility
VISAX vs. ASFYX - Volatility Comparison
Virtus KAR International Small-Mid Cap Fund Class A (VISAX) has a higher volatility of 3.84% compared to Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) at 2.97%. This indicates that VISAX's price experiences larger fluctuations and is considered to be riskier than ASFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VISAX | ASFYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 2.97% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 10.90% | 9.81% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.10% | 12.63% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.27% | 13.79% | +2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.40% | 12.74% | +2.66% |
VISAX vs. ASFYX - Expense Ratio Comparison
VISAX has a 1.44% expense ratio, which is lower than ASFYX's 1.45% expense ratio.
Dividends
VISAX vs. ASFYX - Dividend Comparison
VISAX's dividend yield for the trailing twelve months is around 3.21%, more than ASFYX's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASFYX Virtus AlphaSimplex Managed Futures Strategy Fund Class I | 1.38% | 1.52% | 1.46% | 0.99% | 32.48% | 6.07% | 3.40% | 5.51% | 1.30% | 0.07% | 0.01% | 5.06% |
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 ASFYX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VISAX has higher volatility (3.84%) compared to ASFYX (2.97%). In terms of maximum drawdown, VISAX dropped -50.44% vs ASFYX's -36.43%.
ASFYX currently has the higher Sharpe Ratio (1.71 vs -0.09), 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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