VISAX vs. VIMCX

Last updated Jul 15, 2026

VISAX (Virtus KAR International Small-Mid Cap Fund Class A) and VIMCX (Virtus KAR Mid-Cap Core Fund) 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 VIMCX is a Mid Cap Growth Equities fund managed by Virtus. Over the past 10 years, VISAX returned 7.83%/yr vs 10.48%/yr for VIMCX. A 0.55 correlation means they provide meaningful diversification when combined. VISAX charges 1.44%/yr vs 0.95%/yr for VIMCX.

Performance

VISAX vs. VIMCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus KAR International Small-Mid Cap Fund Class A (VISAX) and Virtus KAR Mid-Cap Core Fund (VIMCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VISAX achieves a 2.45% return, which is significantly higher than VIMCX's 0.99% return. Over the past 10 years, VISAX has underperformed VIMCX with an annualized return of 7.83%, while VIMCX has yielded a comparatively higher 10.48% annualized return.

VISAX

• 1D: -0.29%
• 1M: 1.45%
• 6M: 1.06%
• YTD: 2.45%
• 1Y: -3.20%
• 3Y*: 8.16%
• 5Y*: -1.07%
• 10Y*: 7.83%

VIMCX

• 1D: 0.02%
• 1M: 0.62%
• 6M: -3.38%
• YTD: 0.99%
• 1Y: -2.40%
• 3Y*: 4.61%
• 5Y*: 2.70%
• 10Y*: 10.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VISAX vs. VIMCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VISAX Virtus KAR International Small-Mid Cap Fund Class A	2.45%	13.92%	3.87%	21.99%	-34.52%	5.48%	24.02%	27.25%	-7.04%	28.20%
VIMCX Virtus KAR Mid-Cap Core Fund	0.99%	0.72%	5.20%	22.64%	-19.75%	25.28%	26.11%	31.74%	-4.18%	24.95%

Correlation

The correlation between VISAX and VIMCX is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.55

The correlation between VISAX and VIMCX has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.

Return for Risk

VISAX vs. VIMCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VISAX

VISAX Risk / Return Rank: 2
VISAX Sharpe Ratio Rank: 2
VISAX Sortino Ratio Rank: 2
VISAX Omega Ratio Rank: 2
VISAX Calmar Ratio Rank: 2
VISAX Martin Ratio Rank: 2

VIMCX

VIMCX Risk / Return Rank: 2
VIMCX Sharpe Ratio Rank: 2
VIMCX Sortino Ratio Rank: 2
VIMCX Omega Ratio Rank: 2
VIMCX Calmar Ratio Rank: 2
VIMCX Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VISAX vs. VIMCX - 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 KAR Mid-Cap Core Fund (VIMCX). 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	VIMCX	Difference
Sharpe ratio: Return per unit of total volatility	-0.25	-0.15	-0.10
Sortino ratio: Return per unit of downside risk	-0.27	-0.10	-0.17
Omega ratio: Gain probability vs. loss probability	0.97	0.99	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.22	-0.20	-0.02
Martin ratio: Return relative to average drawdown	-0.48	-0.50	+0.01

VISAX vs. VIMCX - Sharpe Ratio Comparison

The current VISAX Sharpe Ratio is -0.25, which is lower than the VIMCX Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of VISAX and VIMCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VISAX vs. VIMCX - Drawdown Comparison

The maximum VISAX drawdown since its inception was -50.44%, which is greater than VIMCX's maximum drawdown of -33.92%. Use the drawdown chart below to compare losses from any high point for VISAX and VIMCX.

Drawdown Indicators

	VISAX	VIMCX	Difference
Max Drawdown Largest peak-to-trough decline	-50.44%	-33.92%	-16.52%
Max Drawdown (1Y) Largest decline over 1 year	-14.76%	-12.14%	-2.62%
Max Drawdown (3Y) Largest decline over 3 years	-15.68%	-20.32%	+4.64%
Max Drawdown (5Y) Largest decline over 5 years	-50.44%	-28.42%	-22.02%
Max Drawdown (10Y) Largest decline over 10 years	-50.44%	-33.92%	-16.52%
Current Drawdown Current decline from peak	-10.82%	-5.59%	-5.23%
Average Drawdown Average peak-to-trough decline	-11.50%	-4.89%	-6.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.74%	4.93%	+1.81%

Volatility

VISAX vs. VIMCX - Volatility Comparison

The current volatility for Virtus KAR International Small-Mid Cap Fund Class A (VISAX) is 4.13%, while Virtus KAR Mid-Cap Core Fund (VIMCX) has a volatility of 4.72%. This indicates that VISAX experiences smaller price fluctuations and is considered to be less risky than VIMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VISAX	VIMCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	4.72%	-0.59%
Volatility (6M) Calculated over the trailing 6-month period	10.94%	12.60%	-1.66%
Volatility (1Y) Calculated over the trailing 1-year period	13.01%	16.33%	-3.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.29%	18.22%	-1.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.39%	18.65%	-3.26%

VISAX vs. VIMCX - Expense Ratio Comparison

VISAX has a 1.44% expense ratio, which is higher than VIMCX's 0.95% expense ratio.

Dividends

VISAX vs. VIMCX - Dividend Comparison

VISAX's dividend yield for the trailing twelve months is around 3.22%, less than VIMCX's 4.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VIMCX Virtus KAR Mid-Cap Core Fund	4.37%	4.41%	0.00%	2.36%	0.23%	1.58%	0.67%	0.94%	0.77%	0.29%	0.00%	0.63%
VISAX Virtus KAR International Small-Mid Cap Fund Class A	3.22%	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

Can I hold both VISAX and VIMCX in my portfolio?

VISAX and VIMCX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VISAX or VIMCX?

VIMCX has higher volatility (4.72%) compared to VISAX (4.13%). In terms of maximum drawdown, VISAX dropped -50.44% vs VIMCX's -33.92%.

Which has better risk-adjusted returns?

VIMCX currently has the higher Sharpe Ratio (-0.15 vs -0.25), 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.