NIE vs. PXSGX
NIE (Virtus Equity & Convertible Income Fund) and PXSGX (Virtus KAR Small-Cap Growth Fund) are both mutual funds - NIE is a Derivative Income fund actively managed by Virtus, while PXSGX is a Small Cap Growth Equities fund managed by Virtus. Over the past 10 years, NIE returned 13.71%/yr vs 10.64%/yr for PXSGX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. NIE charges 1.12%/yr vs 1.07%/yr for PXSGX.
Performance
NIE vs. PXSGX - Performance Comparison
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Returns By Period
In the year-to-date period, NIE achieves a 10.15% return, which is significantly higher than PXSGX's 3.06% return. Over the past 10 years, NIE has outperformed PXSGX with an annualized return of 13.71%, while PXSGX has yielded a comparatively lower 10.64% annualized return.
NIE
- 1D
- -0.27%
- 1M
- -1.09%
- 6M
- 8.58%
- YTD
- 10.15%
- 1Y
- 21.18%
- 3Y*
- 17.77%
- 5Y*
- 9.66%
- 10Y*
- 13.71%
- ALL TIME*
- 9.51%
PXSGX
- 1D
- 2.53%
- 1M
- 4.27%
- 6M
- -0.17%
- YTD
- 3.06%
- 1Y
- -10.52%
- 3Y*
- -0.64%
- 5Y*
- -4.30%
- 10Y*
- 10.64%
- ALL TIME*
- 9.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.38M | $1.35M | $1.71M | |
| $0.00 | $0.00 | $0.00 |
NIE vs. PXSGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NIE Virtus Equity & Convertible Income Fund | 10.15% | 12.15% | 28.64% | 26.71% | -26.73% | 18.89% | 33.78% | 31.09% | -5.69% | 23.68% |
PXSGX Virtus KAR Small-Cap Growth Fund | 3.06% | -22.97% | 21.11% | 20.27% | -30.04% | 4.47% | 43.46% | 40.26% | 9.05% | 36.99% |
Correlation
The correlation between NIE and PXSGX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2007 | 0.65 |
Over the past year, the correlation between NIE and PXSGX has dropped to 0.36 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
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Return for Risk
NIE vs. PXSGX — Risk / Return Rank
NIE
PXSGX
NIE vs. PXSGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Equity & Convertible Income Fund (NIE) and Virtus KAR Small-Cap Growth Fund (PXSGX). 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.
| NIE | PXSGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.25 | ||
| Sortino ratioReturn per unit of downside risk | +3.12 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.92 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | -0.41 | +2.78 |
| Martin ratioReturn relative to average drawdown | 9.18 | -0.67 | +9.85 |
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Drawdowns
NIE vs. PXSGX - Drawdown Comparison
The maximum NIE drawdown since its inception was -57.90%, which is greater than PXSGX's maximum drawdown of -53.72%. Use the drawdown chart below to compare losses from any high point for NIE and PXSGX.
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Drawdown Indicators
| NIE | PXSGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.90% | -53.72% | -4.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -26.52% | +17.53% |
Max Drawdown (3Y)Largest decline over 3 years | -20.79% | -42.49% | +21.70% |
Max Drawdown (5Y)Largest decline over 5 years | -31.04% | -42.49% | +11.45% |
Max Drawdown (10Y)Largest decline over 10 years | -38.99% | -42.49% | +3.50% |
Current DrawdownCurrent decline from peak | -2.08% | -32.00% | +29.92% |
Average DrawdownAverage peak-to-trough decline | -7.96% | -11.97% | +4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 16.17% | -13.86% |
Volatility
NIE vs. PXSGX - Volatility Comparison
The current volatility for Virtus Equity & Convertible Income Fund (NIE) is 3.77%, while Virtus KAR Small-Cap Growth Fund (PXSGX) has a volatility of 6.87%. This indicates that NIE experiences smaller price fluctuations and is considered to be less risky than PXSGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NIE | PXSGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 6.87% | -3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 10.51% | 13.97% | -3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.59% | 19.35% | -6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.68% | 24.98% | -7.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.81% | 22.66% | -2.85% |
NIE vs. PXSGX - Expense Ratio Comparison
NIE has a 1.12% expense ratio, which is higher than PXSGX's 1.07% expense ratio.
Dividends
NIE vs. PXSGX - Dividend Comparison
NIE's dividend yield for the trailing twelve months is around 9.91%, less than PXSGX's 46.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NIE Virtus Equity & Convertible Income Fund | 9.91% | 10.14% | 8.11% | 9.56% | 21.81% | 10.86% | 5.37% | 6.71% | 8.20% | 7.19% | 8.25% | 8.46% |
PXSGX Virtus KAR Small-Cap Growth Fund | 46.49% | 47.91% | 20.72% | 5.31% | 17.32% | 14.31% | 9.64% | 1.52% | 2.31% | 0.00% | 2.69% | 2.99% |
Frequently Asked Questions
NIE and PXSGX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PXSGX has higher volatility (6.87%) compared to NIE (3.77%). In terms of maximum drawdown, NIE dropped -57.90% vs PXSGX's -53.72%.
NIE currently has the higher Sharpe Ratio (1.69 vs -0.56), 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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