- ISIN
- US92838X8056
- CUSIP
- 92838X102
- Issuer
- Virtus
- Inception Date
- Mar 31, 2003
- Category
- Convertible Bonds
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
NCV Performance Chart
Virtus Convertible and Income Fund (NCV) is up 17.1% since the beginning of the year. NCV is currently trading at $17 per share. Investors who bought $1,000 worth of NCV shares 5 years ago would now be looking at an investment worth $1,254.
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Returns By Period
Virtus Convertible and Income Fund (NCV) has returned 17.13% so far this year and 30.67% over the past 12 months. Over the last ten years, NCV has returned 6.96% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Virtus Convertible and Income Fund
- 1D
- -0.30%
- 1M
- -2.87%
- 6M
- 10.02%
- YTD
- 17.13%
- 1Y
- 30.67%
- 3Y*
- 18.74%
- 5Y*
- 4.63%
- 10Y*
- 6.96%
- ALL TIME*
- 6.47%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
NCV Monthly Returns History
Based on dividend-adjusted daily data since Mar 31, 2003, NCV's average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, an investment would double in approximately 7.1 years.
Historically, 63% of months were positive and 37% were negative. The best month was Dec 2008 with a return of +33.3%, while the worst month was Nov 2008 at -34.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, NCV closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +42.6%, while the worst single day was Mar 18, 2020 at -30.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.46% | 2.84% | -7.95% | 12.42% | 6.37% | 1.26% | -4.03% | 17.13% | |||||
| 2025 | 5.65% | -4.99% | -4.34% | 1.44% | 4.85% | 6.55% | 1.95% | 4.18% | 2.26% | 5.45% | -0.60% | -1.07% | 22.57% |
| 2024 | -1.68% | -0.20% | 4.16% | -4.40% | 3.29% | 2.31% | 6.27% | 2.18% | 1.58% | -2.49% | 11.12% | -5.85% | 16.18% |
| 2023 | 17.81% | -5.31% | -8.31% | 3.41% | -6.31% | 10.22% | 3.03% | -4.40% | -6.47% | -5.06% | 8.75% | 8.44% | 12.66% |
| 2022 | -8.24% | -5.28% | 1.71% | -10.76% | -6.90% | -9.30% | 8.04% | -0.49% | -16.40% | 11.14% | 4.36% | -4.99% | -34.02% |
| 2021 | 0.20% | 0.18% | 0.40% | 2.69% | 1.45% | 6.45% | -2.09% | 4.08% | -2.74% | 6.27% | -7.81% | 1.97% | 10.68% |
Benchmark Metrics
Virtus Convertible and Income Fund has an annualized alpha of 0.21%, beta of 0.91, and R2 of 0.37 versus S&P 500 Index. Calculated based on daily prices since March 31, 2003.
- This fund participated in 132.11% of S&P 500 Index downside but only 118.64% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.37 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
- 0.21%
- Beta
- 0.91
- R²
- 0.37
- Upside Capture
- 118.64%
- Downside Capture
- 132.11%
Expense Ratio
NCV has an expense ratio of 0.03%, which is considered low.
Return for Risk
Risk / Return Rank
NCV ranks 74 for risk / return — above 74% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Virtus Convertible and Income Fund (NCV) and compare them to S&P 500 Index.
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.
| NCV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.00 | +0.59 |
| Martin ratioReturn relative to average drawdown | 9.70 | 8.49 | +1.21 |
Dividends
Dividend History
Virtus Convertible and Income Fund provided a 9.74% dividend yield over the last twelve months, with an annual payout of $1.63 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.63 | $1.63 | $1.63 | $1.73 | $2.04 | $2.04 | $2.16 | $2.67 | $3.12 | $3.12 | $3.12 | $3.92 |
Dividend yield | 9.74% | 10.77% | 11.76% | 12.86% | 15.00% | 8.75% | 9.41% | 11.61% | 15.03% | 11.10% | 12.23% | 17.69% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Convertible and Income 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 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.95 | |||||
| 2025 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $1.63 |
| 2024 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $1.63 |
| 2023 | $0.17 | $0.17 | $0.17 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $1.73 |
| 2022 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $2.04 |
| 2021 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $2.04 |
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 Convertible and Income 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 Convertible and Income Fund was 78.94%, occurring on Nov 21, 2008. Recovery took 545 trading sessions.
The current Virtus Convertible and Income Fund drawdown is 4.03%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-78.94%Nov 2008 | 1y 5mo | 2y 2mo | 3y 7moJun 2007 - Jan 2011 | Financial crisis2007–2009 |
-56.18%Mar 2020 | 1mo 3d | 8mo 24d | 9mo 27dFeb 2020 - Dec 2020 | COVID crash2020 |
-48.01%Jan 2016 | 1y 6mo | 1y 8mo | 3y 3moJul 2014 - Oct 2017 | — |
-44.60%Sep 2022 | 10mo 25d | 3y 1mo | 4y 2dNov 2021 - Nov 2025 | Bear market2022 |
-30.41%Dec 2018 | 3mo 8d | 1y 1mo | 1y 4moSep 2018 - Feb 2020 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| NCV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.94% | -56.78% | -22.16% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -9.10% | -2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -17.80% | -18.90% | +1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -44.60% | -25.43% | -19.17% |
Max Drawdown (10Y)Largest decline over 10 years | -56.18% | -33.92% | -22.26% |
Current DrawdownCurrent decline from peak | -4.03% | -1.58% | -2.45% |
Average DrawdownAverage peak-to-trough decline | -13.81% | -10.70% | -3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 2.14% | +0.90% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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