VKSFX vs. AIO
VKSFX (Virtus KAR Small-Mid Cap Value Fund) and AIO (Virtus Artificial Intelligence & Technology Opportunities Fund) are both mutual funds - VKSFX is a Mid Cap Blend Equities fund managed by Virtus, while AIO is a Technology Equities fund managed by Virtus. Over the past 3 years, VKSFX returned 5.94%/yr vs 27.70%/yr for AIO. A 0.61 correlation means they provide meaningful diversification when combined. VKSFX charges 0.94%/yr vs 1.41%/yr for AIO.
Performance
VKSFX vs. AIO - Performance Comparison
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Returns By Period
In the year-to-date period, VKSFX achieves a -1.40% return, which is significantly lower than AIO's 32.52% return.
VKSFX
- 1D
- -0.50%
- 1M
- 0.51%
- YTD
- -1.40%
- 6M
- -3.04%
- 1Y
- -3.10%
- 3Y*
- 5.94%
- 5Y*
- —
- 10Y*
- —
AIO
- 1D
- -2.33%
- 1M
- 7.33%
- YTD
- 32.52%
- 6M
- 30.74%
- 1Y
- 34.16%
- 3Y*
- 27.70%
- 5Y*
- 13.23%
- 10Y*
- —
VKSFX vs. AIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VKSFX Virtus KAR Small-Mid Cap Value Fund | -1.40% | -3.61% | 10.24% | 16.94% | -20.43% | 4.02% |
AIO Virtus Artificial Intelligence & Technology Opportunities Fund | 32.52% | 0.48% | 54.48% | 19.27% | -28.06% | 6.62% |
Correlation
The correlation between VKSFX and AIO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021 | 0.61 |
Over the past year, the correlation between VKSFX and AIO has dropped to 0.34 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
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Return for Risk
VKSFX vs. AIO — Risk / Return Rank
VKSFX
AIO
VKSFX vs. AIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus KAR Small-Mid Cap Value Fund (VKSFX) and Virtus Artificial Intelligence & Technology Opportunities Fund (AIO). 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.
| VKSFX | AIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.31 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 3.00 | -3.14 |
| Martin ratioReturn relative to average drawdown | -0.27 | 8.88 | -9.14 |
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Drawdowns
VKSFX vs. AIO - Drawdown Comparison
The maximum VKSFX drawdown since its inception was -25.46%, smaller than the maximum AIO drawdown of -44.88%. Use the drawdown chart below to compare losses from any high point for VKSFX and AIO.
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Drawdown Indicators
| VKSFX | AIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.46% | -44.88% | +19.42% |
Max Drawdown (1Y)Largest decline over 1 year | -11.36% | -11.42% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -20.84% | -30.23% | +9.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.39% | — |
Current DrawdownCurrent decline from peak | -12.52% | -2.33% | -10.19% |
Average DrawdownAverage peak-to-trough decline | -10.67% | -10.88% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.90% | 3.86% | +2.04% |
Volatility
VKSFX vs. AIO - Volatility Comparison
The current volatility for Virtus KAR Small-Mid Cap Value Fund (VKSFX) is 3.02%, while Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) has a volatility of 7.95%. This indicates that VKSFX experiences smaller price fluctuations and is considered to be less risky than AIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VKSFX | AIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.02% | 7.95% | -4.93% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 14.91% | -4.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.42% | 18.91% | -4.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.09% | 22.26% | -4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 26.91% | -8.82% |
VKSFX vs. AIO - Expense Ratio Comparison
VKSFX has a 0.94% expense ratio, which is lower than AIO's 1.41% expense ratio.
Dividends
VKSFX vs. AIO - Dividend Comparison
VKSFX's dividend yield for the trailing twelve months is around 0.24%, less than AIO's 10.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AIO Virtus Artificial Intelligence & Technology Opportunities Fund | 10.90% | 13.75% | 7.30% | 10.34% | 11.12% | 19.97% | 9.31% | 0.54% |
VKSFX Virtus KAR Small-Mid Cap Value Fund | 0.24% | 0.23% | 0.54% | 0.70% | 0.46% | 0.48% | 0.00% | 0.00% |
Frequently Asked Questions
VKSFX and AIO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIO has higher volatility (7.95%) compared to VKSFX (3.02%). In terms of maximum drawdown, VKSFX dropped -25.46% vs AIO's -44.88%.
AIO currently has the higher Sharpe Ratio (1.82 vs -0.11), 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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