ANNPX vs. DRMCX
ANNPX (Virtus Convertible Fund) and DRMCX (Virtus Mid-Cap Growth Fund) are both mutual funds - ANNPX is a Convertible Bonds fund managed by Allianz, while DRMCX is a Mid Cap Growth Equities fund managed by Allianz. Over the past 10 years, ANNPX returned 13.45%/yr vs 14.11%/yr for DRMCX. Their correlation of 0.89 means they have usually moved in the same direction. ANNPX charges 0.71%/yr vs 0.83%/yr for DRMCX.
Performance
ANNPX vs. DRMCX - 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 DRMCX's 9.88% return. Both investments have delivered pretty close results over the past 10 years, with ANNPX having a 13.45% annualized return and DRMCX not far ahead at 14.11%.
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%
DRMCX
- 1D
- -0.15%
- 1M
- -4.09%
- 6M
- 8.07%
- YTD
- 9.88%
- 1Y
- 11.22%
- 3Y*
- 17.61%
- 5Y*
- 5.61%
- 10Y*
- 14.11%
- ALL TIME*
- 7.85%
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. DRMCX - 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% |
DRMCX Virtus Mid-Cap Growth Fund | 9.88% | 18.09% | 20.49% | 24.81% | -32.59% | 14.91% | 55.27% | 41.73% | -11.16% | 25.08% |
Correlation
The correlation between ANNPX and DRMCX is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 1996 | 0.89 |
The correlation between ANNPX and DRMCX has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.
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Return for Risk
ANNPX vs. DRMCX — Risk / Return Rank
ANNPX
DRMCX
ANNPX vs. DRMCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Convertible Fund (ANNPX) and Virtus Mid-Cap Growth Fund (DRMCX). 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 | DRMCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.09 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 0.68 | +2.34 |
| Martin ratioReturn relative to average drawdown | 11.35 | 2.23 | +9.12 |
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Drawdowns
ANNPX vs. DRMCX - Drawdown Comparison
The maximum ANNPX drawdown since its inception was -55.61%, smaller than the maximum DRMCX drawdown of -67.97%. Use the drawdown chart below to compare losses from any high point for ANNPX and DRMCX.
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Drawdown Indicators
| ANNPX | DRMCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.61% | -67.97% | +12.36% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -13.75% | +4.69% |
Max Drawdown (3Y)Largest decline over 3 years | -13.67% | -26.83% | +13.16% |
Max Drawdown (5Y)Largest decline over 5 years | -26.85% | -43.47% | +16.62% |
Max Drawdown (10Y)Largest decline over 10 years | -27.36% | -43.47% | +16.11% |
Current DrawdownCurrent decline from peak | -7.00% | -6.42% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -17.38% | -21.99% | +4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 4.18% | -1.77% |
Volatility
ANNPX vs. DRMCX - Volatility Comparison
Virtus Convertible Fund (ANNPX) and Virtus Mid-Cap Growth Fund (DRMCX) have volatilities of 5.22% and 5.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANNPX | DRMCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 5.33% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 12.95% | 16.35% | -3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.76% | 20.26% | -4.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.19% | 24.23% | -11.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.73% | 23.63% | -9.90% |
ANNPX vs. DRMCX - Expense Ratio Comparison
ANNPX has a 0.71% expense ratio, which is lower than DRMCX's 0.83% expense ratio.
Dividends
ANNPX vs. DRMCX - Dividend Comparison
ANNPX's dividend yield for the trailing twelve months is around 9.71%, less than DRMCX's 15.05% 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% |
DRMCX Virtus Mid-Cap Growth Fund | 15.05% | 16.53% | 0.00% | 0.00% | 0.00% | 27.44% | 9.02% | 4.12% | 14.34% | 8.78% | 7.35% | 5.65% |
Frequently Asked Questions
ANNPX and DRMCX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRMCX has higher volatility (5.33%) compared to ANNPX (5.22%). In terms of maximum drawdown, ANNPX dropped -55.61% vs DRMCX's -67.97%.
ANNPX currently has the higher Sharpe Ratio (1.74 vs 0.46), 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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