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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Virtus Equity & Convertible Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Virtus Equity & Convertible Income Fund (NIE) has returned -4.30% so far this year and 16.95% over the past 12 months. Looking at the last ten years, NIE has achieved an annualized return of 12.87%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.
Virtus Equity & Convertible Income Fund
- 1D
- 1.88%
- 1M
- -6.11%
- YTD
- -4.30%
- 6M
- -1.10%
- 1Y
- 16.95%
- 3Y*
- 16.50%
- 5Y*
- 8.54%
- 10Y*
- 12.87%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Feb 23, 2007, NIE's average daily return is +0.04%, while the average monthly return is +0.84%. At this rate, your investment would double in approximately 6.9 years.
Historically, 60% of months were positive and 40% 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% | -4.30% | |||||||||
| 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 2.30%, beta of 0.88, and R² of 0.63 versus S&P 500 Index. Calculated based on daily prices since February 26, 2007.
- This fund generated an annualized alpha of 2.30% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- With beta of 0.88 and R² of 0.63, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.30%
- Beta
- 0.88
- R²
- 0.63
- Upside Capture
- 100.36%
- Downside Capture
- 97.45%
Expense Ratio
NIE has a high expense ratio of 1.12%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NIE ranks 55 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 a chosen benchmark (S&P 500 Index).
| NIE | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 0.90 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.39 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.40 | -0.07 |
Martin ratioReturn relative to average drawdown | 6.09 | 6.61 | -0.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore NIE risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Virtus Equity & Convertible Income Fund provided a 10.81% 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 | 10.81% | 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 | $0.50 | |||||||||
| 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 7.16%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -57.9% | Jun 19, 2007 | 362 | Nov 20, 2008 | 493 | Nov 5, 2010 | 855 |
| -38.99% | Feb 20, 2020 | 20 | Mar 18, 2020 | 81 | Jul 14, 2020 | 101 |
| -31.04% | Dec 29, 2021 | 118 | Jun 16, 2022 | 445 | Mar 26, 2024 | 563 |
| -24.97% | Aug 30, 2018 | 80 | Dec 24, 2018 | 142 | Jul 19, 2019 | 222 |
| -24.06% | Apr 7, 2011 | 124 | Oct 3, 2011 | 327 | Jan 23, 2013 | 451 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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