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Virtus Convertible and Income Fund (NCV) Sharpe Ratio: 1.84

Mutual Fund · Currency in USD · Last updated Aug 1, 2026

A closed-end fund investing in convertible securities and income-producing securities

NCV's Sharpe Ratio of 1.84 indicates that for each unit of volatility, it generates 1.84 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 1, 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.

NCV Sharpe Ratio Rank

NCV Sharpe Ratio Rank: 76.977
Above Average

NCV ranks above 76.9% 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

NCV Sharpe Ratio Market Positioning

The chart shows NCV'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 1.81
  • Green zone (top 25%): 1.81 or higher
  • Top 1%: 3.73+
  • Median: 1.45 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Virtus Convertible and Income Fund's Sharpe Ratio with other mutual funds in the Convertible Bonds category across multiple time periods, showing how NCV'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 1, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
ARBIXAbsolute Convertible Arbitrage Fund Institutional Shares7.02
MCIFXMiller Convertible Bond Fund2.64
CXGCXCalamos Global Convertible Fund2.07
CHICalamos Convertible Opportunities and Income Fund1.86
NCVVirtus Convertible and Income Fund1.84
GCVThe Gabelli Convertible and Income Securities Fund Inc1.79
ANNPXVirtus Convertible Fund1.75
NCZVirtus Convertible and Income Fund II1.72
PACIXColumbia Convertible Securities Fund1.67
ACVVirtus Diversified Income & Convertible Fund1.66
Benchmark

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Time Period

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Historical Sharpe Ratio

The chart shows NCV'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 NCV consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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