NIE vs. PHRAX
Compare and contrast key facts about Virtus Equity & Convertible Income Fund (NIE) and Virtus Duff & Phelps Real Estate Securities Fund (PHRAX).
NIE is an actively managed fund by Virtus. It was launched on Feb 27, 2007. PHRAX is managed by Virtus. It was launched on Mar 1, 1995.
Performance
NIE vs. PHRAX - Performance Comparison
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NIE vs. PHRAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NIE Virtus Equity & Convertible Income Fund | -3.19% | 12.15% | 28.64% | 26.71% | -26.73% | 18.89% | 33.78% | 31.09% | -5.69% | 23.68% |
PHRAX Virtus Duff & Phelps Real Estate Securities Fund | 4.52% | 0.23% | 10.15% | 10.98% | -26.33% | 46.79% | -1.98% | 27.09% | -7.41% | 5.65% |
Returns By Period
In the year-to-date period, NIE achieves a -3.19% return, which is significantly lower than PHRAX's 4.52% return. Over the past 10 years, NIE has outperformed PHRAX with an annualized return of 13.00%, while PHRAX has yielded a comparatively lower 5.51% annualized return.
NIE
- 1D
- 1.16%
- 1M
- -4.91%
- YTD
- -3.19%
- 6M
- -0.16%
- 1Y
- 18.04%
- 3Y*
- 16.95%
- 5Y*
- 8.79%
- 10Y*
- 13.00%
PHRAX
- 1D
- 1.59%
- 1M
- -6.10%
- YTD
- 4.52%
- 6M
- 2.40%
- 1Y
- 4.42%
- 3Y*
- 7.54%
- 5Y*
- 4.70%
- 10Y*
- 5.51%
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NIE vs. PHRAX - Expense Ratio Comparison
NIE has a 1.12% expense ratio, which is lower than PHRAX's 1.36% expense ratio.
Return for Risk
NIE vs. PHRAX — Risk / Return Rank
NIE
PHRAX
NIE vs. PHRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Equity & Convertible Income Fund (NIE) and Virtus Duff & Phelps Real Estate Securities Fund (PHRAX). 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 | PHRAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 0.28 | +0.75 |
Sortino ratioReturn per unit of downside risk | 1.53 | 0.49 | +1.04 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.07 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 0.45 | +1.02 |
Martin ratioReturn relative to average drawdown | 6.65 | 1.79 | +4.87 |
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
| NIE | PHRAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 0.28 | +0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.25 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.26 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.39 | +0.02 |
Correlation
The correlation between NIE and PHRAX is 0.50, 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. PHRAX - Dividend Comparison
NIE's dividend yield for the trailing twelve months is around 10.69%, more than PHRAX's 5.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NIE Virtus Equity & Convertible Income Fund | 10.69% | 10.14% | 8.11% | 9.56% | 21.81% | 10.86% | 5.37% | 6.71% | 8.20% | 7.19% | 8.25% | 8.46% |
PHRAX Virtus Duff & Phelps Real Estate Securities Fund | 5.66% | 5.93% | 8.39% | 12.35% | 11.12% | 4.45% | 5.58% | 21.34% | 19.03% | 18.54% | 21.22% | 20.04% |
Drawdowns
NIE vs. PHRAX - Drawdown Comparison
The maximum NIE drawdown since its inception was -57.90%, smaller than the maximum PHRAX drawdown of -72.56%. Use the drawdown chart below to compare losses from any high point for NIE and PHRAX.
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Drawdown Indicators
| NIE | PHRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.90% | -72.56% | +14.66% |
Max Drawdown (1Y)Largest decline over 1 year | -12.51% | -12.50% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -31.04% | -33.51% | +2.47% |
Max Drawdown (10Y)Largest decline over 10 years | -38.99% | -42.00% | +3.01% |
Current DrawdownCurrent decline from peak | -6.09% | -6.10% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -8.07% | -11.42% | +3.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 3.13% | -0.38% |
Volatility
NIE vs. PHRAX - Volatility Comparison
Virtus Equity & Convertible Income Fund (NIE) has a higher volatility of 5.23% compared to Virtus Duff & Phelps Real Estate Securities Fund (PHRAX) at 4.54%. This indicates that NIE's price experiences larger fluctuations and is considered to be riskier than PHRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NIE | PHRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 4.54% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 9.20% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.66% | 16.54% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.54% | 19.11% | -1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 20.98% | -1.27% |