NIE vs. BOE
Compare and contrast key facts about Virtus Equity & Convertible Income Fund (NIE) and BlackRock Enhanced Global Dividend Trust (BOE).
NIE is an actively managed fund by Virtus. It was launched on Feb 27, 2007. BOE is an actively managed fund by BlackRock. It was launched on May 26, 2005.
Performance
NIE vs. BOE - Performance Comparison
Loading graphics...
NIE vs. BOE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NIE Virtus Equity & Convertible Income Fund | -3.44% | 12.15% | 28.64% | 26.71% | -26.73% | 18.89% | 33.78% | 31.09% | -5.69% | 23.68% |
BOE BlackRock Enhanced Global Dividend Trust | -2.83% | 18.77% | 16.76% | 12.00% | -15.49% | 18.94% | 7.39% | 26.08% | -19.23% | 29.71% |
Returns By Period
In the year-to-date period, NIE achieves a -3.44% return, which is significantly lower than BOE's -2.83% return. Over the past 10 years, NIE has outperformed BOE with an annualized return of 13.23%, while BOE has yielded a comparatively lower 8.48% annualized return.
NIE
- 1D
- -0.25%
- 1M
- -4.58%
- YTD
- -3.44%
- 6M
- -0.92%
- 1Y
- 17.10%
- 3Y*
- 16.69%
- 5Y*
- 8.73%
- 10Y*
- 13.23%
BOE
- 1D
- 0.27%
- 1M
- -4.41%
- YTD
- -2.83%
- 6M
- -0.72%
- 1Y
- 11.79%
- 3Y*
- 12.37%
- 5Y*
- 7.11%
- 10Y*
- 8.48%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NIE vs. BOE - Expense Ratio Comparison
NIE has a 1.12% expense ratio, which is higher than BOE's 1.11% expense ratio.
Return for Risk
NIE vs. BOE — Risk / Return Rank
NIE
BOE
NIE vs. BOE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Equity & Convertible Income Fund (NIE) and BlackRock Enhanced Global Dividend Trust (BOE). 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.
| NIE | BOE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 0.72 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.46 | 1.12 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.17 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.01 | +0.41 |
Martin ratioReturn relative to average drawdown | 6.38 | 4.02 | +2.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| NIE | BOE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.72 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.49 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.52 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.27 | +0.13 |
Correlation
The correlation between NIE and BOE is 0.65, 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
NIE vs. BOE - Dividend Comparison
NIE's dividend yield for the trailing twelve months is around 10.72%, more than BOE's 8.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NIE Virtus Equity & Convertible Income Fund | 10.72% | 10.14% | 8.11% | 9.56% | 21.81% | 10.86% | 5.37% | 6.71% | 8.20% | 7.19% | 8.25% | 8.46% |
BOE BlackRock Enhanced Global Dividend Trust | 8.91% | 8.47% | 7.20% | 7.62% | 7.91% | 6.21% | 6.93% | 6.88% | 9.03% | 18.90% | 9.08% | 9.12% |
Drawdowns
NIE vs. BOE - Drawdown Comparison
The maximum NIE drawdown since its inception was -57.90%, roughly equal to the maximum BOE drawdown of -59.39%. Use the drawdown chart below to compare losses from any high point for NIE and BOE.
Loading graphics...
Drawdown Indicators
| NIE | BOE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.90% | -59.39% | +1.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -11.51% | +2.47% |
Max Drawdown (5Y)Largest decline over 5 years | -31.04% | -26.13% | -4.91% |
Max Drawdown (10Y)Largest decline over 10 years | -38.99% | -36.55% | -2.44% |
Current DrawdownCurrent decline from peak | -6.33% | -7.18% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -8.07% | -9.42% | +1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 2.89% | -0.11% |
Volatility
NIE vs. BOE - Volatility Comparison
The current volatility for Virtus Equity & Convertible Income Fund (NIE) is 5.20%, while BlackRock Enhanced Global Dividend Trust (BOE) has a volatility of 6.06%. This indicates that NIE experiences smaller price fluctuations and is considered to be less risky than BOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| NIE | BOE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 6.06% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 9.17% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.66% | 16.39% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 14.50% | +3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 16.31% | +3.40% |