ANNPX vs. DGSCX
ANNPX (Virtus Convertible Fund) and DGSCX (Virtus Global Small-Cap Fund) are both mutual funds - ANNPX is a Convertible Bonds fund managed by Allianz, while DGSCX is a Global Equities fund managed by Allianz. Over the past 10 years, ANNPX returned 13.45%/yr vs 7.55%/yr for DGSCX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. ANNPX charges 0.71%/yr vs 1.28%/yr for DGSCX.
Performance
ANNPX vs. DGSCX - Performance Comparison
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Returns By Period
In the year-to-date period, ANNPX achieves a 13.57% return, which is significantly higher than DGSCX's 5.97% return. Over the past 10 years, ANNPX has outperformed DGSCX with an annualized return of 13.45%, while DGSCX has yielded a comparatively lower 7.55% annualized 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%
DGSCX
- 1D
- -0.23%
- 1M
- 0.00%
- 6M
- 0.84%
- YTD
- 5.97%
- 1Y
- -0.62%
- 3Y*
- 7.12%
- 5Y*
- 1.58%
- 10Y*
- 7.55%
- ALL TIME*
- 8.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ANNPX vs. DGSCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ANNPX Virtus Convertible Fund | 13.57% | 22.50% | 14.13% | 8.39% | -18.65% | 4.96% | 55.99% | 26.45% | 2.76% | 15.22% |
DGSCX Virtus Global Small-Cap Fund | 5.97% | -0.96% | 9.71% | 24.03% | -24.11% | 11.23% | 29.79% | 23.02% | -16.82% | 26.86% |
Correlation
The correlation between ANNPX and DGSCX is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997 | 0.80 |
Over the past year, the correlation between ANNPX and DGSCX has dropped to 0.35 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
ANNPX vs. DGSCX — Risk / Return Rank
ANNPX
DGSCX
ANNPX vs. DGSCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Convertible Fund (ANNPX) and Virtus Global Small-Cap Fund (DGSCX). 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 | DGSCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.99 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | -0.10 | +3.12 |
| Martin ratioReturn relative to average drawdown | 11.35 | -0.22 | +11.57 |
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Drawdowns
ANNPX vs. DGSCX - Drawdown Comparison
The maximum ANNPX drawdown since its inception was -55.61%, smaller than the maximum DGSCX drawdown of -68.18%. Use the drawdown chart below to compare losses from any high point for ANNPX and DGSCX.
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Drawdown Indicators
| ANNPX | DGSCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.61% | -68.18% | +12.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -16.85% | +7.79% |
Max Drawdown (3Y)Largest decline over 3 years | -13.67% | -18.04% | +4.37% |
Max Drawdown (5Y)Largest decline over 5 years | -26.85% | -37.49% | +10.64% |
Max Drawdown (10Y)Largest decline over 10 years | -27.36% | -40.29% | +12.93% |
Current DrawdownCurrent decline from peak | -7.00% | -5.45% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -17.38% | -19.61% | +2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 7.93% | -5.52% |
Volatility
ANNPX vs. DGSCX - Volatility Comparison
Virtus Convertible Fund (ANNPX) has a higher volatility of 5.22% compared to Virtus Global Small-Cap Fund (DGSCX) at 2.94%. This indicates that ANNPX's price experiences larger fluctuations and is considered to be riskier than DGSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANNPX | DGSCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 2.94% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 12.95% | 9.86% | +3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.76% | 12.53% | +3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.19% | 17.88% | -4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.73% | 19.13% | -5.40% |
ANNPX vs. DGSCX - Expense Ratio Comparison
ANNPX has a 0.71% expense ratio, which is lower than DGSCX's 1.28% expense ratio.
Dividends
ANNPX vs. DGSCX - Dividend Comparison
ANNPX's dividend yield for the trailing twelve months is around 9.71%, more than DGSCX's 4.35% 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% |
DGSCX Virtus Global Small-Cap Fund | 4.35% | 4.61% | 14.50% | 0.84% | 2.64% | 30.56% | 4.16% | 7.03% | 21.96% | 7.99% | 0.00% | 0.00% |
Frequently Asked Questions
ANNPX and DGSCX have a correlation of 0.35, 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 DGSCX (2.94%). In terms of maximum drawdown, ANNPX dropped -55.61% vs DGSCX's -68.18%.
ANNPX currently has the higher Sharpe Ratio (1.74 vs -0.14), 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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