BANX vs. NIE

Last updated Apr 1, 2026

Compare and contrast key facts about StoneCastle Financial Corp. (BANX) and Virtus Equity & Convertible Income Fund (NIE).

NIE is an actively managed fund by Virtus. It was launched on Feb 27, 2007.

Performance

BANX vs. NIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in StoneCastle Financial Corp. (BANX) and Virtus Equity & Convertible Income Fund (NIE). The values are adjusted to include any dividend payments, if applicable.

BANX vs. NIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BANX StoneCastle Financial Corp.	-10.30%	15.64%	27.68%	20.43%	-15.27%	20.95%	-5.78%	23.84%	2.95%	16.01%
NIE Virtus Equity & Convertible Income Fund	-4.30%	12.15%	28.64%	26.71%	-26.73%	18.89%	33.78%	31.09%	-5.69%	23.68%

Returns By Period

In the year-to-date period, BANX achieves a -10.30% return, which is significantly lower than NIE's -4.30% return. Over the past 10 years, BANX has underperformed NIE with an annualized return of 10.16%, while NIE has yielded a comparatively higher 12.87% annualized return.

BANX

• 1D: 1.44%
• 1M: -2.63%
• YTD: -10.30%
• 6M: -7.20%
• 1Y: 0.74%
• 3Y*: 13.89%
• 5Y*: 9.50%
• 10Y*: 10.16%

NIE

• 1D: 1.88%
• 1M: -6.11%
• YTD: -4.30%
• 6M: -1.10%
• 1Y: 16.95%
• 3Y*: 16.50%
• 5Y*: 8.54%
• 10Y*: 12.87%

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

Return for Risk

BANX vs. NIE — Risk / Return Rank

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

BANX

BANX Risk / Return Rank: 39
BANX Sharpe Ratio Rank: 42
BANX Sortino Ratio Rank: 34
BANX Omega Ratio Rank: 35
BANX Calmar Ratio Rank: 42
BANX Martin Ratio Rank: 42

NIE

NIE Risk / Return Rank: 57
NIE Sharpe Ratio Rank: 50
NIE Sortino Ratio Rank: 53
NIE Omega Ratio Rank: 60
NIE Calmar Ratio Rank: 56
NIE Martin Ratio Rank: 64

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.

BANX vs. NIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for StoneCastle Financial Corp. (BANX) and Virtus Equity & Convertible Income Fund (NIE). 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.

	BANX	NIE	Difference
Sharpe ratio Return per unit of total volatility	0.04	0.97	-0.93
Sortino ratio Return per unit of downside risk	0.19	1.45	-1.27
Omega ratio Gain probability vs. loss probability	1.03	1.23	-0.21
Calmar ratio Return relative to maximum drawdown	0.02	1.33	-1.31
Martin ratio Return relative to average drawdown	0.05	6.09	-6.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BANX vs. NIE - Sharpe Ratio Comparison

The current BANX Sharpe Ratio is 0.04, which is lower than the NIE Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of BANX and NIE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BANX	NIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	0.97	-0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.49	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.65	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.41	-0.16

Correlation

The correlation between BANX and NIE is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BANX vs. NIE - Dividend Comparison

BANX's dividend yield for the trailing twelve months is around 12.07%, more than NIE's 10.81% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BANX StoneCastle Financial Corp.	12.07%	10.54%	9.53%	12.11%	9.74%	5.64%	8.16%	6.82%	7.88%	7.45%	7.81%	9.26%
NIE Virtus Equity & Convertible Income Fund	10.81%	10.14%	8.11%	9.56%	21.81%	10.86%	5.37%	6.71%	8.20%	7.19%	8.25%	8.46%

Drawdowns

BANX vs. NIE - Drawdown Comparison

The maximum BANX drawdown since its inception was -55.06%, roughly equal to the maximum NIE drawdown of -57.90%. Use the drawdown chart below to compare losses from any high point for BANX and NIE.

Drawdown Indicators

	BANX	NIE	Difference
Max Drawdown Largest peak-to-trough decline	-55.06%	-57.90%	+2.84%
Max Drawdown (1Y) Largest decline over 1 year	-13.34%	-12.51%	-0.83%
Max Drawdown (5Y) Largest decline over 5 years	-28.50%	-31.04%	+2.54%
Max Drawdown (10Y) Largest decline over 10 years	-55.06%	-38.99%	-16.07%
Current Drawdown Current decline from peak	-11.44%	-7.16%	-4.28%
Average Drawdown Average peak-to-trough decline	-9.47%	-8.07%	-1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.21%	2.73%	+2.48%

Volatility

BANX vs. NIE - Volatility Comparison

StoneCastle Financial Corp. (BANX) and Virtus Equity & Convertible Income Fund (NIE) have volatilities of 5.06% and 5.04%, 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.

Volatility by Period

	BANX	NIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.06%	5.04%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	12.25%	8.48%	+3.77%
Volatility (1Y) Calculated over the trailing 1-year period	19.06%	17.63%	+1.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.83%	17.53%	+3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.66%	19.71%	+7.95%