NIE vs. STCIX

Last updated Jun 23, 2026

NIE (Virtus Equity & Convertible Income Fund) and STCIX (Virtus Silvant Large-Cap Growth Stock Fund) are both mutual funds - NIE is a Derivative Income fund actively managed by Virtus, while STCIX is a Large Cap Growth Equities fund managed by Virtus. Over the past 10 years, NIE returned 14.31%/yr vs 17.22%/yr for STCIX. A 0.74 correlation means they provide meaningful diversification when combined. NIE charges 1.12%/yr vs 1.23%/yr for STCIX.

Performance

NIE vs. STCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Equity & Convertible Income Fund (NIE) and Virtus Silvant Large-Cap Growth Stock Fund (STCIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NIE achieves a 10.74% return, which is significantly higher than STCIX's 2.63% return. Over the past 10 years, NIE has underperformed STCIX with an annualized return of 14.31%, while STCIX has yielded a comparatively higher 17.22% annualized return.

NIE

• 1D: 1.69%
• 1M: 2.08%
• YTD: 10.74%
• 6M: 11.63%
• 1Y: 28.50%
• 3Y*: 19.86%
• 5Y*: 10.32%
• 10Y*: 14.31%

STCIX

• 1D: 1.36%
• 1M: -0.67%
• YTD: 2.63%
• 6M: 2.23%
• 1Y: 20.37%
• 3Y*: 21.87%
• 5Y*: 13.94%
• 10Y*: 17.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NIE vs. STCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NIE Virtus Equity & Convertible Income Fund	10.74%	12.15%	28.64%	26.71%	-26.73%	18.89%	33.78%	31.09%	-5.69%	23.68%
STCIX Virtus Silvant Large-Cap Growth Stock Fund	2.63%	18.87%	32.68%	48.92%	-29.37%	23.90%	36.00%	34.08%	-1.12%	26.84%

Correlation

The correlation between NIE and STCIX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Feb 23, 2007	0.74

The correlation between NIE and STCIX has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.

Return for Risk

NIE vs. STCIX — Risk / Return Rank

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

NIE

NIE Risk / Return Rank: 74
NIE Sharpe Ratio Rank: 77
NIE Sortino Ratio Rank: 74
NIE Omega Ratio Rank: 71
NIE Calmar Ratio Rank: 74
NIE Martin Ratio Rank: 74

STCIX

STCIX Risk / Return Rank: 18
STCIX Sharpe Ratio Rank: 21
STCIX Sortino Ratio Rank: 19
STCIX Omega Ratio Rank: 19
STCIX Calmar Ratio Rank: 14
STCIX Martin Ratio Rank: 17

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.

NIE vs. STCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Equity & Convertible Income Fund (NIE) and Virtus Silvant Large-Cap Growth Stock Fund (STCIX). 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	STCIX	Difference
Sharpe ratio: Return per unit of total volatility	2.36	1.21	+1.15
Sortino ratio: Return per unit of downside risk	3.27	1.71	+1.57
Omega ratio: Gain probability vs. loss probability	1.43	1.21	+0.21
Calmar ratio: Return relative to maximum drawdown	3.18	1.22	+1.96
Martin ratio: Return relative to average drawdown	13.11	4.24	+8.87

NIE vs. STCIX - Sharpe Ratio Comparison

The current NIE Sharpe Ratio is 2.36, which is higher than the STCIX Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of NIE and STCIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NIE vs. STCIX - Drawdown Comparison

The maximum NIE drawdown since its inception was -57.90%, which is greater than STCIX's maximum drawdown of -51.58%. Use the drawdown chart below to compare losses from any high point for NIE and STCIX.

Drawdown Indicators

	NIE	STCIX	Difference
Max Drawdown Largest peak-to-trough decline	-57.90%	-51.58%	-6.32%
Max Drawdown (1Y) Largest decline over 1 year	-8.99%	-16.20%	+7.21%
Max Drawdown (3Y) Largest decline over 3 years	-20.79%	-22.44%	+1.65%
Max Drawdown (5Y) Largest decline over 5 years	-31.04%	-33.44%	+2.40%
Max Drawdown (10Y) Largest decline over 10 years	-38.99%	-33.44%	-5.55%
Current Drawdown Current decline from peak	-0.30%	-4.29%	+3.99%
Average Drawdown Average peak-to-trough decline	-7.99%	-10.13%	+2.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	4.65%	-2.47%

Volatility

NIE vs. STCIX - Volatility Comparison

The current volatility for Virtus Equity & Convertible Income Fund (NIE) is 4.96%, while Virtus Silvant Large-Cap Growth Stock Fund (STCIX) has a volatility of 6.31%. This indicates that NIE experiences smaller price fluctuations and is considered to be less risky than STCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NIE	STCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.96%	6.31%	-1.35%
Volatility (6M) Calculated over the trailing 6-month period	9.96%	13.00%	-3.04%
Volatility (1Y) Calculated over the trailing 1-year period	12.17%	16.36%	-4.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.65%	22.06%	-4.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.81%	21.81%	-2.00%

NIE vs. STCIX - Expense Ratio Comparison

NIE has a 1.12% expense ratio, which is lower than STCIX's 1.23% expense ratio.

Dividends

NIE vs. STCIX - Dividend Comparison

NIE's dividend yield for the trailing twelve months is around 9.86%, more than STCIX's 2.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NIE Virtus Equity & Convertible Income Fund	9.86%	10.14%	8.11%	9.56%	21.81%	10.86%	5.37%	6.71%	8.20%	7.19%	8.25%	8.46%
STCIX Virtus Silvant Large-Cap Growth Stock Fund	2.51%	2.15%	1.15%	3.61%	7.72%	12.40%	11.52%	14.30%	19.54%	52.96%	17.29%	9.82%

Frequently Asked Questions

Can I hold both NIE and STCIX in my portfolio?

NIE and STCIX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NIE or STCIX?

STCIX has higher volatility (6.31%) compared to NIE (4.96%). In terms of maximum drawdown, NIE dropped -57.90% vs STCIX's -51.58%.

Which has better risk-adjusted returns?

NIE currently has the higher Sharpe Ratio (2.36 vs 1.21), 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.