VKSIX vs. ^GSPC
VKSIX (Virtus KAR Small-Mid Cap Core Fund) is Mid Cap Growth Equities fund managed by Virtus, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, VKSIX returned -0.67%/yr vs 11.54%/yr for ^GSPC. Their correlation of 0.82 means they have usually moved in the same direction.
Performance
VKSIX vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, VKSIX achieves a -4.34% return, which is significantly lower than ^GSPC's 11.03% return.
VKSIX
- 1D
- -0.22%
- 1M
- -1.28%
- 6M
- -6.80%
- YTD
- -4.34%
- 1Y
- -10.41%
- 3Y*
- 1.45%
- 5Y*
- -0.67%
- 10Y*
- —
- ALL TIME*
- 8.26%
^GSPC
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | $38.00T | $37.50T | $41.55T |
| $0.00 | $0.00 | $0.00 |
VKSIX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VKSIX Virtus KAR Small-Mid Cap Core Fund | -4.34% | -4.36% | 9.07% | 23.61% | -23.83% | 19.54% | 33.45% | 38.81% | -6.68% |
^GSPC S&P 500 Index | 11.03% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -7.56% |
Correlation
The correlation between VKSIX and ^GSPC is 0.58, 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. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2018 | 0.82 |
Over the past year, the correlation between VKSIX and ^GSPC has dropped to 0.58 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
VKSIX vs. ^GSPC — Risk / Return Rank
VKSIX
^GSPC
VKSIX vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus KAR Small-Mid Cap Core Fund (VKSIX) and S&P 500 Index (^GSPC). 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.
| VKSIX | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.30 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.31 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 2.41 | -3.12 |
| Martin ratioReturn relative to average drawdown | -1.32 | 10.22 | -11.54 |
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Drawdowns
VKSIX vs. ^GSPC - Drawdown Comparison
The maximum VKSIX drawdown since its inception was -35.59%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for VKSIX and ^GSPC.
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Drawdown Indicators
| VKSIX | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.59% | -56.78% | +21.19% |
Max Drawdown (1Y)Largest decline over 1 year | -15.71% | -9.10% | -6.61% |
Max Drawdown (3Y)Largest decline over 3 years | -20.29% | -18.90% | -1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -32.49% | -25.43% | -7.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -15.65% | -0.12% | -15.53% |
Average DrawdownAverage peak-to-trough decline | -9.01% | -10.70% | +1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.44% | 2.14% | +6.30% |
Volatility
VKSIX vs. ^GSPC - Volatility Comparison
Virtus KAR Small-Mid Cap Core Fund (VKSIX) has a higher volatility of 4.88% compared to S&P 500 Index (^GSPC) at 3.80%. This indicates that VKSIX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VKSIX | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 3.80% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.18% | 10.20% | +1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.22% | 12.86% | +3.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.28% | 17.02% | +2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.89% | 18.08% | +2.81% |
Frequently Asked Questions
VKSIX and ^GSPC have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VKSIX has higher volatility (4.88%) compared to ^GSPC (3.80%). In terms of maximum drawdown, VKSIX dropped -35.59% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.71 vs -0.69), 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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