VKSFX vs. FZAMX
VKSFX (Virtus KAR Small-Mid Cap Value Fund) and FZAMX (Fidelity Advisor Mid Cap II Fund Class Z) are both Mid Cap Blend Equities funds. Over the past 3 years, VKSFX returned 4.30%/yr vs 18.07%/yr for FZAMX. Their correlation of 0.86 means they have usually moved in the same direction. VKSFX charges 0.94%/yr vs 0.61%/yr for FZAMX.
Performance
VKSFX vs. FZAMX - Performance Comparison
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Returns By Period
In the year-to-date period, VKSFX achieves a 1.89% return, which is significantly lower than FZAMX's 21.73% return.
VKSFX
- 1D
- -0.20%
- 1M
- -0.97%
- 6M
- -3.22%
- YTD
- 1.89%
- 1Y
- -1.88%
- 3Y*
- 4.30%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.94%
FZAMX
- 1D
- 0.03%
- 1M
- -2.77%
- 6M
- 14.32%
- YTD
- 21.73%
- 1Y
- 34.44%
- 3Y*
- 18.07%
- 5Y*
- 11.32%
- 10Y*
- 12.33%
- ALL TIME*
- 11.23%
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 |
VKSFX vs. FZAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VKSFX Virtus KAR Small-Mid Cap Value Fund | 1.89% | -3.61% | 10.24% | 16.94% | -20.43% | 4.02% |
FZAMX Fidelity Advisor Mid Cap II Fund Class Z | 21.73% | 12.00% | 17.39% | 15.15% | -14.70% | 7.97% |
Correlation
The correlation between VKSFX and FZAMX is 0.60, 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. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021 | 0.86 |
Over the past year, the correlation between VKSFX and FZAMX has dropped to 0.60 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
VKSFX vs. FZAMX — Risk / Return Rank
VKSFX
FZAMX
VKSFX vs. FZAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus KAR Small-Mid Cap Value Fund (VKSFX) and Fidelity Advisor Mid Cap II Fund Class Z (FZAMX). 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 | FZAMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.31 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 3.34 | -3.59 |
| Martin ratioReturn relative to average drawdown | -0.45 | 12.05 | -12.50 |
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Drawdowns
VKSFX vs. FZAMX - Drawdown Comparison
The maximum VKSFX drawdown since its inception was -25.46%, smaller than the maximum FZAMX drawdown of -42.32%. Use the drawdown chart below to compare losses from any high point for VKSFX and FZAMX.
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Drawdown Indicators
| VKSFX | FZAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.46% | -42.32% | +16.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.36% | -9.77% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -20.84% | -25.24% | +4.40% |
Max Drawdown (5Y)Largest decline over 5 years | -25.46% | -25.24% | -0.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.32% | — |
Current DrawdownCurrent decline from peak | -9.60% | -5.36% | -4.24% |
Average DrawdownAverage peak-to-trough decline | -10.65% | -6.03% | -4.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.21% | 2.71% | +3.50% |
Volatility
VKSFX vs. FZAMX - Volatility Comparison
Virtus KAR Small-Mid Cap Value Fund (VKSFX) has a higher volatility of 4.86% compared to Fidelity Advisor Mid Cap II Fund Class Z (FZAMX) at 4.43%. This indicates that VKSFX's price experiences larger fluctuations and is considered to be riskier than FZAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VKSFX | FZAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 4.43% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 10.20% | 14.46% | -4.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.66% | 18.14% | -3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.04% | 20.26% | -2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 20.91% | -2.87% |
VKSFX vs. FZAMX - Expense Ratio Comparison
VKSFX has a 0.94% expense ratio, which is higher than FZAMX's 0.61% expense ratio.
Dividends
VKSFX vs. FZAMX - Dividend Comparison
VKSFX's dividend yield for the trailing twelve months is around 0.23%, less than FZAMX's 5.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZAMX Fidelity Advisor Mid Cap II Fund Class Z | 5.79% | 10.09% | 6.93% | 2.83% | 5.86% | 18.58% | 1.41% | 3.50% | 10.72% | 7.81% | 5.00% | 4.90% |
VKSFX Virtus KAR Small-Mid Cap Value Fund | 0.23% | 0.23% | 0.54% | 0.70% | 0.46% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VKSFX and FZAMX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VKSFX has higher volatility (4.86%) compared to FZAMX (4.43%). In terms of maximum drawdown, VKSFX dropped -25.46% vs FZAMX's -42.32%.
FZAMX currently has the higher Sharpe Ratio (1.80 vs -0.19), 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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