NFJ vs. DHY
Compare and contrast key facts about Virtus Dividend, Interest and Premium Strategy Fund (NFJ) and Dimensional High Yield Equity Fund (DHY).
NFJ is managed by Virtus. It was launched on Feb 28, 2005. DHY is managed by Dimensional Fund Advisors. It was launched on Jan 1, 2013.
Performance
NFJ vs. DHY - Performance Comparison
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NFJ vs. DHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NFJ Virtus Dividend, Interest and Premium Strategy Fund | 0.23% | 12.40% | 9.96% | 21.30% | -23.90% | 26.75% | 12.42% | 30.88% | -11.97% | 12.74% |
DHY Dimensional High Yield Equity Fund | -2.71% | 2.19% | 18.18% | 24.13% | -21.75% | 16.99% | 0.10% | 26.18% | -16.10% | 17.06% |
Returns By Period
In the year-to-date period, NFJ achieves a 0.23% return, which is significantly higher than DHY's -2.71% return. Over the past 10 years, NFJ has outperformed DHY with an annualized return of 8.90%, while DHY has yielded a comparatively lower 7.91% annualized return.
NFJ
- 1D
- 1.69%
- 1M
- -4.65%
- YTD
- 0.23%
- 6M
- 1.64%
- 1Y
- 14.41%
- 3Y*
- 12.17%
- 5Y*
- 6.57%
- 10Y*
- 8.90%
DHY
- 1D
- 3.83%
- 1M
- -1.24%
- YTD
- -2.71%
- 6M
- -3.37%
- 1Y
- -1.80%
- 3Y*
- 9.83%
- 5Y*
- 4.43%
- 10Y*
- 7.91%
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NFJ vs. DHY - Expense Ratio Comparison
NFJ has a 0.02% expense ratio, which is lower than DHY's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
NFJ vs. DHY — Risk / Return Rank
NFJ
DHY
NFJ vs. DHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Dividend, Interest and Premium Strategy Fund (NFJ) and Dimensional High Yield Equity Fund (DHY). 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.
| NFJ | DHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.85 | -0.13 | +0.97 |
Sortino ratioReturn per unit of downside risk | 1.26 | -0.08 | +1.34 |
Omega ratioGain probability vs. loss probability | 1.18 | 0.99 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | -0.26 | +1.45 |
Martin ratioReturn relative to average drawdown | 4.60 | -0.78 | +5.38 |
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
| NFJ | DHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | -0.13 | +0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.29 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.44 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.18 | +0.09 |
Correlation
The correlation between NFJ and DHY is 0.35, 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
NFJ vs. DHY - Dividend Comparison
NFJ's dividend yield for the trailing twelve months is around 9.67%, less than DHY's 9.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFJ Virtus Dividend, Interest and Premium Strategy Fund | 9.67% | 9.46% | 9.26% | 7.78% | 8.83% | 5.60% | 6.69% | 6.92% | 8.43% | 8.62% | 9.52% | 13.32% |
DHY Dimensional High Yield Equity Fund | 9.79% | 9.30% | 8.69% | 9.39% | 10.57% | 7.61% | 8.68% | 9.02% | 11.20% | 9.40% | 10.52% | 12.63% |
Drawdowns
NFJ vs. DHY - Drawdown Comparison
The maximum NFJ drawdown since its inception was -57.92%, smaller than the maximum DHY drawdown of -71.47%. Use the drawdown chart below to compare losses from any high point for NFJ and DHY.
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Drawdown Indicators
| NFJ | DHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.92% | -71.47% | +13.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.61% | -10.38% | -2.23% |
Max Drawdown (5Y)Largest decline over 5 years | -30.57% | -27.23% | -3.34% |
Max Drawdown (10Y)Largest decline over 10 years | -40.96% | -41.36% | +0.40% |
Current DrawdownCurrent decline from peak | -6.65% | -6.10% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -10.88% | -12.37% | +1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 3.50% | -0.25% |
Volatility
NFJ vs. DHY - Volatility Comparison
The current volatility for Virtus Dividend, Interest and Premium Strategy Fund (NFJ) is 5.45%, while Dimensional High Yield Equity Fund (DHY) has a volatility of 6.45%. This indicates that NFJ experiences smaller price fluctuations and is considered to be less risky than DHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFJ | DHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 6.45% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 9.58% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.10% | 14.36% | +2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 15.25% | +1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.57% | 17.97% | +0.60% |