- ISIN
- US92840N1000
- CUSIP
- 92840N100
- Issuer
- Virtus
- Inception Date
- May 26, 2015
- Category
- Diversified Portfolio
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
Share Price Chart
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Performance
ACV Performance Chart
Virtus Diversified Income & Convertible Fund (ACV) is up 5.9% since the beginning of the year. ACV is currently trading at $27 per share. Investors who bought $1,000 worth of ACV shares 5 years ago would now be looking at an investment worth $1,577.
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Returns By Period
Virtus Diversified Income & Convertible Fund (ACV) has returned 5.85% so far this year and 32.60% over the past 12 months. Looking at the last ten years, ACV has achieved an annualized return of 16.30%, outperforming the S&P 500 Index benchmark, which averaged 13.33% per year.
Virtus Diversified Income & Convertible Fund
- 1D
- -4.17%
- 1M
- -1.32%
- YTD
- 5.85%
- 6M
- 8.33%
- 1Y
- 32.60%
- 3Y*
- 23.25%
- 5Y*
- 9.54%
- 10Y*
- 16.30%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- -0.21%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
ACV Monthly Returns History
Based on dividend-adjusted daily data since May 22, 2015, ACV's average daily return is +0.06%, while the average monthly return is +1.23%. At this rate, an investment would double in approximately 4.7 years.
Historically, 59% of months were positive and 41% were negative. The best month was Jan 2023 with a return of +22.9%, while the worst month was Sep 2022 at -17.1%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 6 months.
On a daily basis, ACV closed higher 55% of trading days. The best single day was Mar 19, 2020 with a return of +15.0%, while the worst single day was Mar 18, 2020 at -23.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.78% | -0.47% | -11.26% | 10.34% | 6.48% | -4.47% | 5.85% | ||||||
| 2025 | 5.28% | -5.59% | -6.01% | 3.03% | 8.81% | 4.80% | -0.26% | 2.58% | 5.35% | 7.67% | 1.59% | 3.33% | 33.70% |
| 2024 | 7.86% | 0.88% | 7.47% | -7.54% | -2.60% | 0.75% | -1.11% | 3.56% | 1.33% | -3.06% | 10.83% | -2.47% | 15.39% |
| 2023 | 22.90% | -9.09% | -4.49% | 1.13% | -3.39% | 8.87% | 4.49% | -5.00% | -3.31% | -5.90% | 14.89% | 6.95% | 25.96% |
| 2022 | -13.49% | -4.03% | -3.13% | -7.77% | -6.42% | -8.95% | 15.30% | -3.54% | -17.12% | 15.27% | 2.06% | -6.61% | -35.98% |
| 2021 | -0.83% | 4.28% | -5.61% | 7.10% | 0.09% | 4.57% | -0.88% | 5.76% | -5.54% | 7.63% | -5.78% | 13.26% | 24.45% |
Benchmark Metrics
Virtus Diversified Income & Convertible Fund has an annualized alpha of 2.83%, beta of 0.95, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since May 26, 2015.
- This fund captured 132.73% of S&P 500 Index gains and 129.80% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.45 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.83%
- Beta
- 0.95
- R²
- 0.45
- Upside Capture
- 132.73%
- Downside Capture
- 129.80%
Expense Ratio
ACV has a high expense ratio of 2.69%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ACV ranks 43 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Virtus Diversified Income & Convertible Fund (ACV) and compare them to S&P 500 Index.
| ACV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.36 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.69 | -0.43 |
| Martin ratioReturn relative to average drawdown | 8.73 | 12.34 | -3.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Virtus Diversified Income & Convertible Fund provided a 9.46% dividend yield over the last twelve months, with an annual payout of $2.54 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.54 | $2.54 | $2.16 | $2.16 | $2.36 | $7.80 | $2.38 | $2.00 | $2.00 | $2.00 | $2.00 | $1.00 |
Dividend yield | 9.46% | 9.68% | 9.84% | 10.30% | 12.69% | 24.19% | 7.28% | 8.15% | 10.76% | 9.18% | 10.67% | 5.52% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Diversified Income & Convertible Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.00 | $0.90 | ||||||
| 2025 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.56 | $2.54 |
| 2024 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $2.16 |
| 2023 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $2.16 |
| 2022 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.38 | $2.36 |
| 2021 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $5.97 | $7.80 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Virtus Diversified Income & Convertible Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Virtus Diversified Income & Convertible Fund was 53.64%, occurring on Mar 18, 2020. Recovery took 96 trading sessions.
The current Virtus Diversified Income & Convertible Fund drawdown is 5.51%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -53.64%Mar 2020 | 27d | 4mo 19d | 5mo 16dFeb 2020 - Aug 2020 |
Bear market2022 | -48.80%Sep 2022 | 8mo 19d | 3y 9d | 3y 8moJan 2022 - Oct 2025 |
2016 bear market2016 | -36.81%Jan 2016 | 7mo 28d | 1y 2mo | 1y 10moMay 2015 - Apr 2017 |
Rate-hike selloffLate 2018 | -28.26%Dec 2018 | 2mo 22d | 4mo 7d | 6mo 29dOct 2018 - Apr 2019 |
2021 correction2021 | -15.69%Mar 2021 | 1mo 6d | 3mo 8d | 4mo 14dFeb 2021 - Jul 2021 |
Drawdown Indicators
| ACV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.64% | -56.78% | +3.14% |
Max Drawdown (1Y)Largest decline over 1 year | -14.81% | -9.10% | -5.71% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -18.90% | -4.56% |
Max Drawdown (5Y)Largest decline over 5 years | -48.80% | -25.43% | -23.37% |
Max Drawdown (10Y)Largest decline over 10 years | -53.64% | -33.92% | -19.72% |
Current DrawdownCurrent decline from peak | -5.51% | -2.97% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -14.86% | -10.72% | -4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 1.97% | +1.85% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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