- ISIN
- US92841M1018
- CUSIP
- 92841M101
- Issuer
- Virtus
- Inception Date
- Feb 27, 2007
- Category
- Derivative Income
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
Share Price Chart
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Performance
NIE Performance Chart
Virtus Equity & Convertible Income Fund (NIE) is up 8.2% since the beginning of the year. NIE is currently trading at $26 per share. Investors who bought $1,000 worth of NIE shares 5 years ago would now be looking at an investment worth $1,647.
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Returns By Period
Virtus Equity & Convertible Income Fund (NIE) has returned 8.16% so far this year and 25.16% over the past 12 months.
Virtus Equity & Convertible Income Fund
- 1D
- -2.62%
- 1M
- -0.64%
- YTD
- 8.16%
- 6M
- 9.50%
- 1Y
- 25.16%
- 3Y*
- 19.85%
- 5Y*
- 10.49%
- 10Y*
- 14.00%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NIE Monthly Returns History
Based on dividend-adjusted daily data since Feb 23, 2007, NIE's average daily return is +0.05%, while the average monthly return is +0.88%. At this rate, an investment would double in approximately 6.6 years.
Historically, 61% of months were positive and 39% were negative. The best month was Dec 2008 with a return of +13.1%, while the worst month was Sep 2008 at -20.9%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, NIE closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +20.2%, while the worst single day was Oct 6, 2008 at -15.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.13% | -0.20% | -6.11% | 11.22% | 3.66% | -1.97% | 8.16% | ||||||
| 2025 | 1.01% | -3.69% | -5.66% | -1.17% | 5.94% | 5.39% | 0.92% | 2.94% | 3.16% | 3.27% | -1.12% | 1.20% | 12.15% |
| 2024 | 2.01% | 3.52% | 3.74% | -2.90% | 2.90% | 6.16% | -2.97% | 0.53% | 3.78% | -0.35% | 7.24% | 2.34% | 28.64% |
| 2023 | 11.25% | -3.06% | 2.59% | 1.22% | -0.35% | 9.39% | 3.36% | -2.20% | -4.69% | -3.87% | 8.11% | 3.67% | 26.71% |
| 2022 | -9.32% | -3.77% | 5.25% | -10.98% | -3.85% | -8.65% | 10.65% | -2.74% | -6.98% | 3.59% | 3.94% | -5.35% | -26.73% |
| 2021 | -1.77% | 1.51% | 0.67% | 4.50% | -0.75% | 5.45% | -0.20% | 2.02% | -3.09% | 5.09% | -0.68% | 5.15% | 18.89% |
Benchmark Metrics
Virtus Equity & Convertible Income Fund has an annualized alpha of 5.10%, beta of 0.82, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since February 26, 2007.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (98.77%) than losses (84.88%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 5.10% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 5.10%
- Beta
- 0.82
- R²
- 0.72
- Upside Capture
- 98.77%
- Downside Capture
- 84.88%
Expense Ratio
NIE has a high expense ratio of 1.12%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NIE ranks 56 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 Equity & Convertible Income Fund (NIE) and compare them to S&P 500 Index.
| NIE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | — | — |
| Martin ratioReturn relative to average drawdown | 11.78 | — | — |
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 Equity & Convertible Income Fund provided a 9.57% dividend yield over the last twelve months, with an annual payout of $2.53 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 | $2.53 | $2.53 | $2.00 | $2.00 | $3.98 | $3.27 | $1.52 | $1.52 | $1.52 | $1.52 | $1.52 | $1.52 |
Dividend yield | 9.57% | 10.14% | 8.11% | 9.56% | 21.81% | 10.86% | 5.37% | 6.71% | 8.20% | 7.19% | 8.25% | 8.46% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Equity & Convertible 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 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.00 | $0.50 | ||||||
| 2025 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $1.03 | $2.53 |
| 2024 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.50 | $2.00 |
| 2023 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.50 | $2.00 |
| 2022 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $2.48 | $3.98 |
| 2021 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $2.13 | $3.27 |
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 Equity & Convertible 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 Equity & Convertible Income Fund was 57.90%, occurring on Nov 20, 2008. Recovery took 493 trading sessions.
The current Virtus Equity & Convertible Income Fund drawdown is 2.62%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -57.90%Nov 2008 | 1y 5mo | 1y 11mo | 3y 4moJun 2007 - Nov 2010 |
COVID crash2020 | -38.99%Mar 2020 | 27d | 3mo 28d | 4mo 25dFeb 2020 - Jul 2020 |
Bear market2022 | -31.04%Jun 2022 | 5mo 19d | 1y 9mo | 2y 2moDec 2021 - Mar 2024 |
Rate-hike selloffLate 2018 | -24.97%Dec 2018 | 3mo 26d | 6mo 27d | 10mo 23dAug 2018 - Jul 2019 |
2011 bear market2011 | -24.06%Oct 2011 | 5mo 29d | 1y 3mo | 1y 9moApr 2011 - Jan 2013 |
Drawdown Indicators
| NIE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.90% | -9.10% | -48.80% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -20.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.04% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.99% | — | — |
Current DrawdownCurrent decline from peak | -2.62% | -2.97% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -1.13% | -6.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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