ACV vs. SACAX

Last updated Jun 4, 2026

ACV (Virtus Diversified Income & Convertible Fund) and SACAX (Principal SAM Strategic Growth Portfolio) are both Diversified Portfolio funds. Over the past 10 years, ACV returned 16.88%/yr vs 12.25%/yr for SACAX. A 0.60 correlation means they provide meaningful diversification when combined. ACV charges 2.69%/yr vs 0.61%/yr for SACAX.

Performance

ACV vs. SACAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Diversified Income & Convertible Fund (ACV) and Principal SAM Strategic Growth Portfolio (SACAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACV achieves a 10.61% return, which is significantly lower than SACAX's 11.70% return. Over the past 10 years, ACV has outperformed SACAX with an annualized return of 16.88%, while SACAX has yielded a comparatively lower 12.25% annualized return.

ACV

• 1D: -1.09%
• 1M: 4.84%
• YTD: 10.61%
• 6M: 14.52%
• 1Y: 40.76%
• 3Y*: 26.13%
• 5Y*: 10.51%
• 10Y*: 16.88%

SACAX

• 1D: 0.54%
• 1M: 4.86%
• YTD: 11.70%
• 6M: 12.35%
• 1Y: 25.25%
• 3Y*: 21.69%
• 5Y*: 11.11%
• 10Y*: 12.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACV vs. SACAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ACV Virtus Diversified Income & Convertible Fund	10.61%	33.70%	15.39%	25.96%	-35.98%	24.45%	45.80%	44.15%	-7.01%	27.95%
SACAX Principal SAM Strategic Growth Portfolio	11.70%	16.56%	24.20%	21.42%	-19.06%	19.34%	15.11%	26.87%	-9.13%	21.68%

Correlation

The correlation between ACV and SACAX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since May 26, 2015	0.60

The correlation between ACV and SACAX has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.

Return for Risk

ACV vs. SACAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACV

ACV Risk / Return Rank: 60
ACV Sharpe Ratio Rank: 73
ACV Sortino Ratio Rank: 59
ACV Omega Ratio Rank: 64
ACV Calmar Ratio Rank: 53
ACV Martin Ratio Rank: 53

SACAX

SACAX Risk / Return Rank: 58
SACAX Sharpe Ratio Rank: 57
SACAX Sortino Ratio Rank: 54
SACAX Omega Ratio Rank: 55
SACAX Calmar Ratio Rank: 58
SACAX Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACV vs. SACAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Diversified Income & Convertible Fund (ACV) and Principal SAM Strategic Growth Portfolio (SACAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ACV	SACAX	Difference
Sharpe ratio: Return per unit of total volatility	2.48	2.22	+0.25
Sortino ratio: Return per unit of downside risk	3.22	3.10	+0.12
Omega ratio: Gain probability vs. loss probability	1.45	1.41	+0.03
Calmar ratio: Return relative to maximum drawdown	2.76	2.92	-0.15
Martin ratio: Return relative to average drawdown	10.75	13.07	-2.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACV vs. SACAX - Sharpe Ratio Comparison

The current ACV Sharpe Ratio is 2.48, which is comparable to the SACAX Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of ACV and SACAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ACV	SACAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	2.22	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.71	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.77	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.48	+0.03

Drawdowns

ACV vs. SACAX - Drawdown Comparison

The maximum ACV drawdown since its inception was -53.64%, roughly equal to the maximum SACAX drawdown of -54.31%. Use the drawdown chart below to compare losses from any high point for ACV and SACAX.

Drawdown Indicators

	ACV	SACAX	Difference
Max Drawdown Largest peak-to-trough decline	-53.64%	-54.31%	+0.67%
Max Drawdown (1Y) Largest decline over 1 year	-14.81%	-8.85%	-5.96%
Max Drawdown (3Y) Largest decline over 3 years	-23.46%	-15.88%	-7.58%
Max Drawdown (5Y) Largest decline over 5 years	-48.80%	-26.96%	-21.84%
Max Drawdown (10Y) Largest decline over 10 years	-53.64%	-34.90%	-18.74%
Current Drawdown Current decline from peak	-1.26%	0.00%	-1.26%
Average Drawdown Average peak-to-trough decline	-14.86%	-9.79%	-5.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.80%	1.97%	+1.83%

Volatility

ACV vs. SACAX - Volatility Comparison

Virtus Diversified Income & Convertible Fund (ACV) has a higher volatility of 7.45% compared to Principal SAM Strategic Growth Portfolio (SACAX) at 3.34%. This indicates that ACV's price experiences larger fluctuations and is considered to be riskier than SACAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACV	SACAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.45%	3.34%	+4.11%
Volatility (6M) Calculated over the trailing 6-month period	14.00%	9.29%	+4.71%
Volatility (1Y) Calculated over the trailing 1-year period	16.52%	11.60%	+4.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.54%	15.63%	+7.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.83%	16.05%	+9.78%

ACV vs. SACAX - Expense Ratio Comparison

ACV has a 2.69% expense ratio, which is higher than SACAX's 0.61% expense ratio.

Dividends

ACV vs. SACAX - Dividend Comparison

ACV's dividend yield for the trailing twelve months is around 9.05%, less than SACAX's 10.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACV Virtus Diversified Income & Convertible Fund	9.05%	9.68%	9.84%	10.30%	12.69%	24.19%	7.28%	8.15%	10.76%	9.18%	10.67%	5.52%
SACAX Principal SAM Strategic Growth Portfolio	10.74%	11.99%	13.37%	1.16%	9.30%	7.53%	4.02%	4.47%	20.79%	6.82%	3.68%	14.08%

Frequently Asked Questions

Can I hold both ACV and SACAX in my portfolio?

ACV and SACAX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACV or SACAX?

ACV has higher volatility (7.45%) compared to SACAX (3.34%). In terms of maximum drawdown, ACV dropped -53.64% vs SACAX's -54.31%.

Which has better risk-adjusted returns?

ACV currently has the higher Sharpe Ratio (2.48 vs 2.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.