ECF vs. ACV
ECF (Ellsworth Growth and Income Fund Ltd.) is a stock, while ACV (Virtus Diversified Income & Convertible Fund) is Diversified Portfolio fund actively managed by Virtus. Over the past 10 years, ECF returned 13.44%/yr vs 17.27%/yr for ACV. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
ECF vs. ACV - Performance Comparison
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Returns By Period
In the year-to-date period, ECF achieves a 18.23% return, which is significantly higher than ACV's 11.20% return. Over the past 10 years, ECF has underperformed ACV with an annualized return of 13.44%, while ACV has yielded a comparatively higher 17.27% annualized return.
ECF
- 1D
- 0.45%
- 1M
- 3.60%
- YTD
- 18.23%
- 6M
- 16.37%
- 1Y
- 45.28%
- 3Y*
- 25.30%
- 5Y*
- 5.91%
- 10Y*
- 13.44%
ACV
- 1D
- -0.41%
- 1M
- 3.97%
- YTD
- 11.20%
- 6M
- 12.73%
- 1Y
- 41.20%
- 3Y*
- 25.56%
- 5Y*
- 9.82%
- 10Y*
- 17.27%
ECF vs. ACV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ECF Ellsworth Growth and Income Fund Ltd. | 18.23% | 30.03% | 27.48% | 8.01% | -31.63% | -0.79% | 31.72% | 47.17% | -3.70% | 19.51% |
ACV Virtus Diversified Income & Convertible Fund | 11.20% | 33.70% | 15.39% | 25.96% | -35.98% | 24.45% | 45.80% | 44.15% | -7.01% | 27.95% |
Correlation
The correlation between ECF and ACV is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since May 22, 2015 | 0.57 |
The correlation between ECF and ACV has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.
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Return for Risk
ECF vs. ACV — Risk / Return Rank
ECF
ACV
ECF vs. ACV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ellsworth Growth and Income Fund Ltd. (ECF) and Virtus Diversified Income & Convertible Fund (ACV). 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.
| ECF | ACV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.43 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 2.79 | +0.66 |
| Martin ratioReturn relative to average drawdown | 11.16 | 10.72 | +0.44 |
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Drawdowns
ECF vs. ACV - Drawdown Comparison
The maximum ECF drawdown since its inception was -49.86%, smaller than the maximum ACV drawdown of -53.64%. Use the drawdown chart below to compare losses from any high point for ECF and ACV.
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Drawdown Indicators
| ECF | ACV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.86% | -53.64% | +3.78% |
Max Drawdown (1Y)Largest decline over 1 year | -13.16% | -14.81% | +1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -16.83% | -23.46% | +6.63% |
Max Drawdown (5Y)Largest decline over 5 years | -42.58% | -48.80% | +6.22% |
Max Drawdown (10Y)Largest decline over 10 years | -47.28% | -53.64% | +6.36% |
Current DrawdownCurrent decline from peak | -1.71% | -0.74% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -10.14% | -14.81% | +4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.07% | 3.85% | +0.22% |
Volatility
ECF vs. ACV - Volatility Comparison
Ellsworth Growth and Income Fund Ltd. (ECF) and Virtus Diversified Income & Convertible Fund (ACV) have volatilities of 7.26% and 7.32%, 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
| ECF | ACV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 7.32% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 15.42% | 14.76% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.45% | 17.28% | +2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.93% | 23.64% | -5.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.86% | 25.87% | -4.01% |
Dividends
ECF vs. ACV - Dividend Comparison
ECF's dividend yield for the trailing twelve months is around 7.13%, less than ACV's 9.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACV Virtus Diversified Income & Convertible Fund | 9.06% | 9.68% | 9.84% | 10.30% | 12.69% | 24.19% | 7.28% | 8.15% | 10.76% | 9.18% | 10.67% | 5.52% |
ECF Ellsworth Growth and Income Fund Ltd. | 7.13% | 7.39% | 5.47% | 6.44% | 6.52% | 12.14% | 9.59% | 6.63% | 5.82% | 4.68% | 5.32% | 10.22% |
Frequently Asked Questions
ECF and ACV have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACV has higher volatility (7.32%) compared to ECF (7.26%). In terms of maximum drawdown, ECF dropped -49.86% vs ACV's -53.64%.
ACV currently has the higher Sharpe Ratio (2.40 vs 2.34), 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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