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Virtus Convertible Fund (ANNPX) Sharpe Ratio: 1.74

Mutual Fund · Currency in USD · Last updated Aug 4, 2026

The fund seeks to achieve its objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in convertible securities. Convertible securities include, but are not limited to, corporate bonds, debentures, notes or preferred stocks and their hybrids that can be converted into (exchanged for) equity securities or other securities (such as warrants or options) that provide an opportunity for equity participation.

ANNPX's Sharpe Ratio of 1.74 indicates that for each unit of volatility, it generates 1.74 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 4, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

ANNPX Sharpe Ratio Rank

ANNPX Sharpe Ratio Rank: 71.271
Above Average

ANNPX ranks above 71.2% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

ANNPX Sharpe Ratio Market Positioning

The chart shows ANNPX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.94 or lower
  • Yellow zone (middle 50%): 0.94 to 1.83
  • Green zone (top 25%): 1.83 or higher
  • Top 1%: 3.71+
  • Median: 1.49 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Virtus Convertible Fund's Sharpe Ratio with other mutual funds in the Convertible Bonds category across multiple time periods, showing how ANNPX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 4, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
ARBIXAbsolute Convertible Arbitrage Fund Institutional Shares7.02
MCIFXMiller Convertible Bond Fund2.77
CXGCXCalamos Global Convertible Fund2.08
CHICalamos Convertible Opportunities and Income Fund2.02
ACVVirtus Diversified Income & Convertible Fund1.81
CHYCalamos Convertible and High Income Closed Fund1.75
ANNPXVirtus Convertible Fund1.74
NIEVirtus Equity & Convertible Income Fund1.69
PACIXColumbia Convertible Securities Fund1.68
CICVXCalamos Convertible Fund1.65
Benchmark

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Time Period

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Historical Sharpe Ratio

The chart shows ANNPX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when ANNPX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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