VKSFX vs. ATGAX

Last updated Jun 4, 2026

VKSFX (Virtus KAR Small-Mid Cap Value Fund) and ATGAX (Aquila Opportunity Growth Fund) are both Mid Cap Blend Equities funds. With a 1.00 correlation, they move nearly in lockstep. VKSFX charges 0.94%/yr vs 1.50%/yr for ATGAX.

Performance

VKSFX vs. ATGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus KAR Small-Mid Cap Value Fund (VKSFX) and Aquila Opportunity Growth Fund (ATGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VKSFX

• 1D: 0.20%
• 1M: -1.41%
• YTD: -2.19%
• 6M: -2.84%
• 1Y: -4.17%
• 3Y*: 5.61%
• 5Y*: —
• 10Y*: —

ATGAX

• 1D: 1.15%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VKSFX vs. ATGAX - Yearly Performance Comparison

	2026 (YTD)
VKSFX Virtus KAR Small-Mid Cap Value Fund	-0.41%
ATGAX Aquila Opportunity Growth Fund	2.03%

Correlation

The correlation between VKSFX and ATGAX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	1.00

Return for Risk

VKSFX vs. ATGAX — Risk / Return Rank

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

VKSFX

VKSFX Risk / Return Rank: 2
VKSFX Sharpe Ratio Rank: 2
VKSFX Sortino Ratio Rank: 2
VKSFX Omega Ratio Rank: 2
VKSFX Calmar Ratio Rank: 2
VKSFX 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.

VKSFX vs. ATGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus KAR Small-Mid Cap Value Fund (VKSFX) and Aquila Opportunity Growth Fund (ATGAX). 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.

	VKSFX	ATGAX	Difference
Sharpe ratio Return per unit of total volatility	-0.22	—	—
Sortino ratio Return per unit of downside risk	-0.23	—	—
Omega ratio Gain probability vs. loss probability	0.98	—	—
Calmar ratio Return relative to maximum drawdown	-0.28	—	—
Martin ratio Return relative to average drawdown	-0.56	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VKSFX	ATGAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	58.33	-58.33

Drawdowns

VKSFX vs. ATGAX - Drawdown Comparison

The maximum VKSFX drawdown since its inception was -25.46%, which is greater than ATGAX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VKSFX and ATGAX.

Drawdown Indicators

	VKSFX	ATGAX	Difference
Max Drawdown Largest peak-to-trough decline	-25.46%	0.00%	-25.46%
Max Drawdown (1Y) Largest decline over 1 year	-11.36%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.84%	—	—
Current Drawdown Current decline from peak	-13.23%	0.00%	-13.23%
Average Drawdown Average peak-to-trough decline	-10.66%	0.00%	-10.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.58%	—	—

Volatility

Volatility by Period

	VKSFX	ATGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.36%	9.26%	+5.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.16%	9.26%	+8.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.16%	9.26%	+8.90%

VKSFX vs. ATGAX - Expense Ratio Comparison

VKSFX has a 0.94% expense ratio, which is lower than ATGAX's 1.50% expense ratio.

Dividends

VKSFX vs. ATGAX - Dividend Comparison

VKSFX's dividend yield for the trailing twelve months is around 0.24%, while ATGAX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
ATGAX Aquila Opportunity Growth Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VKSFX Virtus KAR Small-Mid Cap Value Fund	0.24%	0.23%	0.54%	0.70%	0.46%	0.48%

Frequently Asked Questions

Can I hold both VKSFX and ATGAX in my portfolio?

With a correlation of 1.00, VKSFX and ATGAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.