ANNPX vs. AVUV
ANNPX (Virtus Convertible Fund) and AVUV (Avantis US Small Cap Value ETF) are both funds - ANNPX is a Convertible Bonds fund managed by Allianz, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. Over the past 5 years, ANNPX returned 7.07%/yr vs 13.90%/yr for AVUV. Their 0.65 correlation means they have sometimes moved together and sometimes differently. ANNPX charges 0.71%/yr vs 0.25%/yr for AVUV.
Performance
ANNPX vs. AVUV - Performance Comparison
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Returns By Period
In the year-to-date period, ANNPX achieves a 13.57% return, which is significantly lower than AVUV's 25.35% return.
ANNPX
- 1D
- -0.32%
- 1M
- -2.91%
- 6M
- 8.04%
- YTD
- 13.57%
- 1Y
- 28.67%
- 3Y*
- 16.98%
- 5Y*
- 7.07%
- 10Y*
- 13.45%
- ALL TIME*
- 7.89%
AVUV
- 1D
- 1.40%
- 1M
- 2.86%
- 6M
- 15.44%
- YTD
- 25.35%
- 1Y
- 42.62%
- 3Y*
- 17.00%
- 5Y*
- 13.90%
- 10Y*
- —
- ALL TIME*
- 16.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $147.82M | $147.76M | $156.17M |
ANNPX vs. AVUV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ANNPX Virtus Convertible Fund | 13.57% | 22.50% | 14.13% | 8.39% | -18.65% | 4.96% | 55.99% | 6.93% |
AVUV Avantis US Small Cap Value ETF | 25.35% | 7.44% | 9.28% | 22.82% | -4.91% | 42.20% | 6.43% | 8.54% |
Correlation
The correlation between ANNPX and AVUV is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.65 |
The correlation between ANNPX and AVUV shifts across timeframes, from 0.54 (1 year) to 0.71 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ANNPX vs. AVUV — Risk / Return Rank
ANNPX
AVUV
ANNPX vs. AVUV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Convertible Fund (ANNPX) and Avantis US Small Cap Value ETF (AVUV). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ANNPX | AVUV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.45 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 5.39 | -2.37 |
| Martin ratioReturn relative to average drawdown | 11.35 | 17.01 | -5.66 |
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Drawdowns
ANNPX vs. AVUV - Drawdown Comparison
The maximum ANNPX drawdown since its inception was -55.61%, which is greater than AVUV's maximum drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for ANNPX and AVUV.
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Drawdown Indicators
| ANNPX | AVUV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.61% | -49.42% | -6.19% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -7.95% | -1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -13.67% | -28.79% | +15.12% |
Max Drawdown (5Y)Largest decline over 5 years | -26.85% | -28.79% | +1.94% |
Max Drawdown (10Y)Largest decline over 10 years | -27.36% | — | — |
Current DrawdownCurrent decline from peak | -7.00% | 0.00% | -7.00% |
Average DrawdownAverage peak-to-trough decline | -17.38% | -7.78% | -9.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.51% | -0.10% |
Volatility
ANNPX vs. AVUV - Volatility Comparison
Virtus Convertible Fund (ANNPX) has a higher volatility of 5.22% compared to Avantis US Small Cap Value ETF (AVUV) at 3.08%. This indicates that ANNPX's price experiences larger fluctuations and is considered to be riskier than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANNPX | AVUV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 3.08% | +2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 12.95% | 10.58% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.76% | 16.77% | -1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.19% | 22.41% | -9.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.73% | 28.02% | -14.29% |
ANNPX vs. AVUV - Expense Ratio Comparison
ANNPX has a 0.71% expense ratio, which is higher than AVUV's 0.25% expense ratio.
Dividends
ANNPX vs. AVUV - Dividend Comparison
ANNPX's dividend yield for the trailing twelve months is around 9.71%, more than AVUV's 1.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANNPX Virtus Convertible Fund | 9.71% | 11.32% | 2.31% | 2.56% | 1.55% | 20.74% | 6.94% | 5.12% | 18.79% | 23.47% | 2.88% | 10.63% |
AVUV Avantis US Small Cap Value ETF | 1.23% | 1.58% | 1.61% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ANNPX and AVUV 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.
ANNPX has higher volatility (5.22%) compared to AVUV (3.08%). In terms of maximum drawdown, ANNPX dropped -55.61% vs AVUV's -49.42%.
AVUV currently has the higher Sharpe Ratio (2.56 vs 1.74), 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.
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