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EOS vs. NIE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

EOS vs. NIE - Performance Comparison

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

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EOS vs. NIE - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
EOS
Eaton Vance Enhanced Equity Income Fund II
-10.77%5.77%38.69%22.59%-26.50%20.30%29.45%30.32%2.77%27.89%
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, EOS achieves a -10.77% return, which is significantly lower than NIE's -4.30% return. Both investments have delivered pretty close results over the past 10 years, with EOS having a 12.63% annualized return and NIE not far ahead at 12.87%.


EOS

1D
5.19%
1M
-6.29%
YTD
-10.77%
6M
-10.96%
1Y
5.04%
3Y*
16.62%
5Y*
6.83%
10Y*
12.63%

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)

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EOS vs. NIE - Expense Ratio Comparison

EOS has a 1.09% expense ratio, which is lower than NIE's 1.12% expense ratio.


Return for Risk

EOS vs. NIE — Risk / Return Rank

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

EOS
EOS Risk / Return Rank: 1212
Overall Rank
EOS Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
EOS Sortino Ratio Rank: 1212
Sortino Ratio Rank
EOS Omega Ratio Rank: 1212
Omega Ratio Rank
EOS Calmar Ratio Rank: 1313
Calmar Ratio Rank
EOS Martin Ratio Rank: 1313
Martin Ratio Rank

NIE
NIE Risk / Return Rank: 5757
Overall Rank
NIE Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
NIE Sortino Ratio Rank: 5353
Sortino Ratio Rank
NIE Omega Ratio Rank: 6060
Omega Ratio Rank
NIE Calmar Ratio Rank: 5656
Calmar Ratio Rank
NIE Martin Ratio Rank: 6464
Martin Ratio Rank
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.

EOS vs. NIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Enhanced Equity Income Fund II (EOS) 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.


EOSNIEDifference

Sharpe ratio

Return per unit of total volatility

0.24

0.97

-0.73

Sortino ratio

Return per unit of downside risk

0.51

1.45

-0.94

Omega ratio

Gain probability vs. loss probability

1.07

1.23

-0.16

Calmar ratio

Return relative to maximum drawdown

0.32

1.33

-1.00

Martin ratio

Return relative to average drawdown

1.09

6.09

-4.99

EOS vs. NIE - Sharpe Ratio Comparison

The current EOS Sharpe Ratio is 0.24, which is lower than the NIE Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of EOS 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.


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Sharpe Ratios by Period


EOSNIEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.24

0.97

-0.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.35

0.49

-0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.61

0.65

-0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

0.41

+0.01

Correlation

The correlation between EOS and NIE is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Dividends

EOS vs. NIE - Dividend Comparison

EOS's dividend yield for the trailing twelve months is around 8.93%, less than NIE's 10.81% yield.


TTM20252024202320222021202020192018201720162015
EOS
Eaton Vance Enhanced Equity Income Fund II
8.93%7.81%7.17%7.38%9.69%5.60%5.01%6.65%7.16%6.90%8.20%7.70%
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

EOS vs. NIE - Drawdown Comparison

The maximum EOS drawdown since its inception was -55.74%, roughly equal to the maximum NIE drawdown of -57.90%. Use the drawdown chart below to compare losses from any high point for EOS and NIE.


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Drawdown Indicators


EOSNIEDifference

Max Drawdown

Largest peak-to-trough decline

-55.74%

-57.90%

+2.16%

Max Drawdown (1Y)

Largest decline over 1 year

-17.12%

-12.51%

-4.61%

Max Drawdown (5Y)

Largest decline over 5 years

-34.32%

-31.04%

-3.28%

Max Drawdown (10Y)

Largest decline over 10 years

-41.12%

-38.99%

-2.13%

Current Drawdown

Current decline from peak

-12.81%

-7.16%

-5.65%

Average Drawdown

Average peak-to-trough decline

-7.85%

-8.07%

+0.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.06%

2.73%

+2.33%

Volatility

EOS vs. NIE - Volatility Comparison

Eaton Vance Enhanced Equity Income Fund II (EOS) has a higher volatility of 7.56% compared to Virtus Equity & Convertible Income Fund (NIE) at 5.04%. This indicates that EOS's price experiences larger fluctuations and is considered to be riskier than NIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


EOSNIEDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.56%

5.04%

+2.52%

Volatility (6M)

Calculated over the trailing 6-month period

12.10%

8.48%

+3.62%

Volatility (1Y)

Calculated over the trailing 1-year period

21.34%

17.63%

+3.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.62%

17.53%

+2.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.65%

19.71%

+0.94%