ANNPX vs. PCONX
Compare and contrast key facts about Virtus Convertible Fund (ANNPX) and Putnam Convertible Securities Fund (PCONX).
ANNPX is managed by Allianz. It was launched on Apr 18, 1993. PCONX is managed by Putnam. It was launched on Jun 28, 1972.
Performance
ANNPX vs. PCONX - Performance Comparison
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ANNPX vs. PCONX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ANNPX Virtus Convertible Fund | 2.37% | 22.50% | 14.13% | 8.39% | -18.65% | 4.96% | 55.99% | 26.45% | 2.76% | 15.22% |
PCONX Putnam Convertible Securities Fund | -0.37% | 11.97% | 12.60% | 10.13% | -19.27% | 4.23% | 44.86% | 24.32% | -2.92% | 14.41% |
Returns By Period
In the year-to-date period, ANNPX achieves a 2.37% return, which is significantly higher than PCONX's -0.37% return. Over the past 10 years, ANNPX has outperformed PCONX with an annualized return of 12.90%, while PCONX has yielded a comparatively lower 9.95% annualized return.
ANNPX
- 1D
- 2.57%
- 1M
- -4.28%
- YTD
- 2.37%
- 6M
- 4.52%
- 1Y
- 29.42%
- 3Y*
- 14.71%
- 5Y*
- 5.23%
- 10Y*
- 12.90%
PCONX
- 1D
- -1.60%
- 1M
- -6.35%
- YTD
- -0.37%
- 6M
- -1.49%
- 1Y
- 14.78%
- 3Y*
- 10.35%
- 5Y*
- 2.88%
- 10Y*
- 9.95%
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ANNPX vs. PCONX - Expense Ratio Comparison
ANNPX has a 0.71% expense ratio, which is lower than PCONX's 1.03% expense ratio.
Return for Risk
ANNPX vs. PCONX — Risk / Return Rank
ANNPX
PCONX
ANNPX vs. PCONX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Convertible Fund (ANNPX) and Putnam Convertible Securities Fund (PCONX). 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.
| ANNPX | PCONX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.09 | 1.07 | +1.02 |
Sortino ratioReturn per unit of downside risk | 2.77 | 1.51 | +1.26 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.20 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 4.11 | 1.85 | +2.26 |
Martin ratioReturn relative to average drawdown | 16.22 | 6.18 | +10.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ANNPX | PCONX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 1.07 | +1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.23 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.96 | 0.78 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.65 | -0.13 |
Correlation
The correlation between ANNPX and PCONX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ANNPX vs. PCONX - Dividend Comparison
ANNPX's dividend yield for the trailing twelve months is around 11.00%, more than PCONX's 5.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANNPX Virtus Convertible Fund | 11.00% | 11.32% | 2.31% | 2.56% | 1.55% | 20.74% | 6.94% | 5.12% | 18.79% | 23.47% | 2.88% | 10.63% |
PCONX Putnam Convertible Securities Fund | 5.41% | 6.10% | 1.48% | 0.99% | 0.72% | 26.98% | 11.62% | 7.72% | 13.92% | 3.48% | 2.08% | 6.22% |
Drawdowns
ANNPX vs. PCONX - Drawdown Comparison
The maximum ANNPX drawdown since its inception was -55.61%, which is greater than PCONX's maximum drawdown of -47.70%. Use the drawdown chart below to compare losses from any high point for ANNPX and PCONX.
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Drawdown Indicators
| ANNPX | PCONX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.61% | -47.70% | -7.91% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -7.49% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -26.85% | -25.48% | -1.37% |
Max Drawdown (10Y)Largest decline over 10 years | -27.36% | -26.14% | -1.22% |
Current DrawdownCurrent decline from peak | -4.76% | -7.35% | +2.59% |
Average DrawdownAverage peak-to-trough decline | -17.54% | -8.32% | -9.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 2.24% | -0.43% |
Volatility
ANNPX vs. PCONX - Volatility Comparison
Virtus Convertible Fund (ANNPX) has a higher volatility of 6.71% compared to Putnam Convertible Securities Fund (PCONX) at 5.98%. This indicates that ANNPX's price experiences larger fluctuations and is considered to be riskier than PCONX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANNPX | PCONX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.71% | 5.98% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 11.41% | 11.21% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.28% | 14.43% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.81% | 12.46% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.47% | 12.83% | +0.64% |