VISAX vs. BISAX
VISAX (Virtus KAR International Small-Mid Cap Fund Class A) and BISAX (Brandes International Small Cap Equity Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, VISAX returned 7.52%/yr vs 11.53%/yr for BISAX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. VISAX charges 1.44%/yr vs 1.36%/yr for BISAX.
Performance
VISAX vs. BISAX - 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 BISAX's 7.04% return. Over the past 10 years, VISAX has underperformed BISAX with an annualized return of 7.52%, while BISAX has yielded a comparatively higher 11.53% 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%
BISAX
- 1D
- -0.80%
- 1M
- 6.74%
- 6M
- 2.40%
- YTD
- 7.04%
- 1Y
- 13.14%
- 3Y*
- 27.91%
- 5Y*
- 18.84%
- 10Y*
- 11.53%
- ALL TIME*
- 11.16%
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. BISAX - 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% |
BISAX Brandes International Small Cap Equity Fund | 7.04% | 45.50% | 23.18% | 39.03% | -8.68% | 18.39% | 4.62% | 6.80% | -20.13% | 11.52% |
Correlation
The correlation between VISAX and BISAX is 0.73, 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. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.72 |
The correlation between VISAX and BISAX has been stable across timeframes, ranging from 0.72 to 0.79 - a consistent structural relationship.
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Return for Risk
VISAX vs. BISAX — Risk / Return Rank
VISAX
BISAX
VISAX vs. BISAX - 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 Brandes International Small Cap Equity Fund (BISAX). 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 | BISAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.18 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 1.12 | -1.21 |
| Martin ratioReturn relative to average drawdown | -0.20 | 2.59 | -2.80 |
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Drawdowns
VISAX vs. BISAX - Drawdown Comparison
The maximum VISAX drawdown since its inception was -50.44%, which is greater than BISAX's maximum drawdown of -47.30%. Use the drawdown chart below to compare losses from any high point for VISAX and BISAX.
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Drawdown Indicators
| VISAX | BISAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.44% | -47.30% | -3.14% |
Max Drawdown (1Y)Largest decline over 1 year | -13.58% | -11.63% | -1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -15.06% | -11.63% | -3.43% |
Max Drawdown (5Y)Largest decline over 5 years | -50.44% | -31.44% | -19.00% |
Max Drawdown (10Y)Largest decline over 10 years | -50.44% | -47.30% | -3.14% |
Current DrawdownCurrent decline from peak | -10.57% | -1.79% | -8.78% |
Average DrawdownAverage peak-to-trough decline | -11.50% | -8.04% | -3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.66% | 5.03% | +0.63% |
Volatility
VISAX vs. BISAX - Volatility Comparison
Virtus KAR International Small-Mid Cap Fund Class A (VISAX) and Brandes International Small Cap Equity Fund (BISAX) have volatilities of 3.84% and 3.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VISAX | BISAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 3.67% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.90% | 10.78% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.10% | 12.88% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.27% | 13.89% | +2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.40% | 14.13% | +1.27% |
VISAX vs. BISAX - Expense Ratio Comparison
VISAX has a 1.44% expense ratio, which is higher than BISAX's 1.36% expense ratio.
Dividends
VISAX vs. BISAX - Dividend Comparison
VISAX's dividend yield for the trailing twelve months is around 3.21%, less than BISAX's 3.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BISAX Brandes International Small Cap Equity Fund | 3.44% | 3.23% | 3.06% | 2.81% | 3.87% | 3.46% | 0.81% | 0.66% | 3.88% | 8.33% | 4.00% | 3.44% |
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 BISAX have a correlation of 0.73, 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 BISAX (3.67%). In terms of maximum drawdown, VISAX dropped -50.44% vs BISAX's -47.30%.
BISAX currently has the higher Sharpe Ratio (1.01 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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