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Virtus Convertible Fund (ANNPX) Sortino Ratio: 2.85

Mutual Fund · Currency in USD · Last updated Jul 16, 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 Sortino Ratio of 2.85 indicates that for each unit of downside volatility, it generates 2.85 units of excess return. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 16, 2026).

Unlike other measures, Sortino only focuses on downside volatility (losses), making it particularly useful for investors more concerned about protecting against drawdowns than overall price swings.

ANNPX Sortino Ratio Rank

ANNPX Sortino Ratio Rank: 77.578
Above Average

ANNPX ranks above 77.5% of all investments in our database based on Sortino Ratio over the past 12 months, indicating above-average returns relative to downside risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with minimal downside volatility → Higher rank
  • Severe or frequent drawdowns → Lower rank
  • Upside volatility → No impact (Sortino doesn't penalize upside swings)

What you can do with this information

  • Above-average downside protection 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 risk profile

ANNPX Sortino Ratio Market Positioning

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

  • Red zone (bottom 25%): 1.59 or lower
  • Yellow zone (middle 50%): 1.59 to 2.77
  • Green zone (top 25%): 2.77 or higher
  • Top 1%: 8.66+
  • Median: 2.26 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Virtus Convertible Fund's Sortino 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 Jul 16, 2026.

SymbolName1Y Sortino Ratio5Y Sortino Ratio10Y Sortino RatioAll Time Sortino Ratio
MCIFXMiller Convertible Bond Fund3.67
CHICalamos Convertible Opportunities and Income Fund3.16
CXGCXCalamos Global Convertible Fund3.08
CHYCalamos Convertible and High Income Closed Fund3.05
ANNPXVirtus Convertible Fund2.85
PACIXColumbia Convertible Securities Fund2.72
FISCXFranklin Convertible Securities Fund2.53
HICSXHarbor Convertible Securities Fund2.48
PBXIXRational/Pier 88 Convertible Securities Fund2.29
LOCFXLord Abbett Convertible Fund Class F32.25

S&P 500 Index

How to choose period

Historical Sortino Ratio

The chart shows ANNPX's rolling Sortino ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to downside risk, while declining trends may signal deteriorating risk-adjusted performance or increased volatility during market stress. 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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