Virtus Equity & Convertible Income Fund (NIE) belongs to the Derivative Income category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with NIE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NIE
NIE charges 1.12% annually. There are 18 mutual funds in the Derivative Income category with lower expense ratios, going as low as 0.44%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Equity Premium Income Fund | 0.44% | 236.88M | Feb 2016 | NIE vs PUTW | |
| USCF Gold Strategy Plus Income Fund | 0.45% | — | Nov 2021 | NIE vs USG | |
| JPMorgan Equity Premium Income Fund Class I | 0.59% | — | Aug 2018 | NIE vs JEPIX | |
| Shelton Equity Income Fund | 0.72% | — | Sep 1996 | NIE vs EQTIX | |
| Cullen Enhanced Equity Income Fund | 0.75% | — | Dec 2015 | NIE vs ENHNX |
Best Risk-Adjusted Alternatives to NIE
NIE has a PortfoliosLab risk / return rank of 77. There is 1 mutual fund in the Derivative Income category with a higher risk-adjusted rank, going as high as 89.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund | 89 | — | Apr 2004 | NIE vs CII | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 72 | — | Jan 2007 | NIE vs QQQX | |
| Invesco Income Advantage U.S. Fund | 68 | — | Mar 2006 | NIE vs SCAUX | |
| BlackRock High Equity Income Fund | 65 | — | Apr 1998 | NIE vs BMCIX | |
| BlackRock High Equity Income Fund Class A | 63 | — | May 1998 | NIE vs BMEAX |
Top Performing NIE Alternatives (YTD)
NIE is at 12.16% YTD. There are 3 mutual funds in the Derivative Income category with higher YTD returns, going as high as 15.39%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock ESG Capital Allocation Term Trust | 15.39% | — | Sep 2021 | NIE vs ECAT | |
| BlackRock Enhanced Large Cap Core Fund | 14.56% | — | Apr 2004 | NIE vs CII | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 12.31% | — | Jan 2007 | NIE vs QQQX | |
| Catalyst Nasdaq-100 Hedged Equity Fund | 11.66% | — | Dec 2013 | NIE vs CLPAX | |
| BlackRock High Equity Income Fund | 10.98% | — | Apr 1998 | NIE vs BMCIX |
Lowest Volatility Alternatives to NIE
NIE has 12.27% 1-year volatility. There are 13 mutual funds in the Derivative Income category with lower 1-year volatility, going as low as 8.71%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| JPMorgan Equity Premium Income Fund Class I | 8.71% | — | Aug 2018 | NIE vs JEPIX | |
| JPMorgan Equity Premium Income Fund Class A | 8.76% | — | Aug 2018 | NIE vs JEPAX | |
| The Covered Bridge Fund | 8.77% | — | Sep 2013 | NIE vs TCBIX | |
| Crossmark Steward Covered Call Income Fund | 8.86% | — | Dec 2017 | NIE vs SCJIX | |
| Madison Covered Call & Equity Income Fund | 9.51% | — | Oct 2009 | NIE vs MENYX |
Lowest Drawdown Alternatives to NIE
NIE has a 1-year max drawdown of -8.99%. There are 10 mutual funds in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -5.26%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| The Covered Bridge Fund | -5.26% | — | Sep 2013 | NIE vs TCBIX | |
| Cullen Enhanced Equity Income Fund | -6.34% | — | Dec 2015 | NIE vs ENHNX | |
| Invesco Income Advantage U.S. Fund | -7.05% | — | Mar 2006 | NIE vs SCAUX | |
| Shelton Equity Income Fund | -7.10% | — | Sep 1996 | NIE vs EQTIX | |
| JPMorgan Equity Premium Income Fund Class A | -7.41% | — | Aug 2018 | NIE vs JEPAX |
Other Mutual Funds from Virtus
The 10 most viewed Virtus mutual funds shown here include AIO, SAMBX, VKSIX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Virtus Artificial Intelligence & Technology Opport... | Technology Equities | 33 | 27.92% | — | Oct 2019 | NIE vs AIO | |
| Virtus Seix Floating Rate High Income Fund | Bank Loan | 97 | 3.03% | — | Feb 2006 | NIE vs SAMBX | |
| Virtus KAR Small-Mid Cap Core Fund | Mid Cap Growth Equities | 1 | -4.44% | — | Mar 2018 | NIE vs VKSIX | |
| Virtus KAR Small-Cap Core Fund | Mid Cap Growth Equities | 7 | 8.49% | — | Oct 1996 | NIE vs PKSFX | |
| Virtus KAR Mid-Cap Core Fund | Mid Cap Growth Equities | 2 | 1.01% | — | Jun 2009 | NIE vs VIMCX | |
| Virtus KAR Capital Growth Fund | Large Cap Growth Equities | 6 | 5.11% | — | Oct 1995 | NIE vs PSTAX | |
| The Merger Fund | Event Driven | 97 | 1.74% | — | Jan 1989 | NIE vs MERFX | |
| Virtus KAR Small-Cap Growth Fund | Small Cap Growth Equities | 1 | -3.12% | — | Jun 2006 | NIE vs PXSGX | |
| Virtus Stone Harbor Emerging Markets Income Fund | Emerging Markets Bonds | 44 | 14.47% | — | Dec 2010 | NIE vs EDF | |
| Virtus Tactical Allocation Fund | Diversified Portfolio | 4 | 1.73% | — | Sep 1940 | NIE vs NAINX |
Often Compared With NIE
Investors most often compare NIE with ACV, GIDHX, BANX. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare NIE with Any Fund or Stock
Compare NIE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NIE with funds that move differently
Virtus Equity & Convertible Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NIE.
Explore NIE Diversifiers