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 0.11%/yr vs 11.59%/yr for ^GSPC. Their correlation of 0.83 suggests significant overlap in exposure.
Performance
VKSIX vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, VKSIX achieves a -3.82% return, which is significantly lower than ^GSPC's 10.20% return.
VKSIX
- 1D
- 0.49%
- 1M
- 2.31%
- 6M
- -8.51%
- YTD
- -3.82%
- 1Y
- -9.31%
- 3Y*
- 1.85%
- 5Y*
- 0.11%
- 10Y*
- —
^GSPC
- 1D
- 0.38%
- 1M
- 1.51%
- 6M
- 8.33%
- YTD
- 10.20%
- 1Y
- 20.34%
- 3Y*
- 18.74%
- 5Y*
- 11.59%
- 10Y*
- 13.31%
VKSIX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VKSIX Virtus KAR Small-Mid Cap Core Fund | -3.82% | -4.36% | 9.07% | 23.61% | -23.83% | 19.54% | 33.45% | 38.81% | -6.68% |
^GSPC S&P 500 Index | 10.20% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -7.56% |
Correlation
The correlation between VKSIX and ^GSPC is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2018 | 0.83 |
Over the past year, the correlation between VKSIX and ^GSPC has dropped to 0.62 - well below their long-term average of 0.83, 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 | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -3.03 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.30 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 2.25 | -2.81 |
| Martin ratioReturn relative to average drawdown | -1.05 | 9.74 | -10.79 |
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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 | -16.70% | -9.10% | -7.60% |
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 | -15.19% | -0.87% | -14.32% |
Average DrawdownAverage peak-to-trough decline | -8.97% | -10.71% | +1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.94% | 2.09% | +6.85% |
Volatility
VKSIX vs. ^GSPC - Volatility Comparison
Virtus KAR Small-Mid Cap Core Fund (VKSIX) has a higher volatility of 4.68% compared to S&P 500 Index (^GSPC) at 3.61%. 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 | 4.68% | 3.61% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 12.06% | 9.98% | +2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.96% | 12.55% | +3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.25% | 17.01% | +2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.91% | 18.05% | +2.86% |
Frequently Asked Questions
VKSIX and ^GSPC have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VKSIX has higher volatility (4.68%) compared to ^GSPC (3.61%). In terms of maximum drawdown, VKSIX dropped -35.59% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.63 vs -0.59), 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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