NIE vs. VKSIX
NIE (Virtus Equity & Convertible Income Fund) and VKSIX (Virtus KAR Small-Mid Cap Core Fund) are both mutual funds - NIE is a Derivative Income fund actively managed by Virtus, while VKSIX is a Mid Cap Growth Equities fund managed by Virtus. Over the past 5 years, NIE returned 9.66%/yr vs -0.05%/yr for VKSIX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. NIE charges 1.12%/yr vs 1.02%/yr for VKSIX.
Performance
NIE vs. VKSIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NIE achieves a 10.15% return, which is significantly higher than VKSIX's -0.83% 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%
VKSIX
- 1D
- 1.97%
- 1M
- 2.51%
- 6M
- -4.91%
- YTD
- -0.83%
- 1Y
- -6.57%
- 3Y*
- 3.62%
- 5Y*
- -0.05%
- 10Y*
- —
- ALL TIME*
- 8.72%
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. VKSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NIE Virtus Equity & Convertible Income Fund | 10.15% | 12.15% | 28.64% | 26.71% | -26.73% | 18.89% | 33.78% | 31.09% | -8.76% |
VKSIX Virtus KAR Small-Mid Cap Core Fund | -0.83% | -4.36% | 9.07% | 23.61% | -23.83% | 19.54% | 33.45% | 38.81% | -6.68% |
Correlation
The correlation between NIE and VKSIX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2018 | 0.71 |
Over the past year, the correlation between NIE and VKSIX has dropped to 0.42 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NIE vs. VKSIX — Risk / Return Rank
NIE
VKSIX
NIE vs. VKSIX - 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-Mid Cap Core Fund (VKSIX). 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 | VKSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.17 | ||
| Sortino ratioReturn per unit of downside risk | +2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.94 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | -0.50 | +2.87 |
| Martin ratioReturn relative to average drawdown | 9.18 | -0.93 | +10.10 |
Loading charts...
Drawdowns
NIE vs. VKSIX - Drawdown Comparison
The maximum NIE drawdown since its inception was -57.90%, which is greater than VKSIX's maximum drawdown of -35.59%. Use the drawdown chart below to compare losses from any high point for NIE and VKSIX.
Loading charts...
Drawdown Indicators
| NIE | VKSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.90% | -35.59% | -22.31% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -15.71% | +6.72% |
Max Drawdown (3Y)Largest decline over 3 years | -20.79% | -20.29% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -31.04% | -32.49% | +1.45% |
Max Drawdown (10Y)Largest decline over 10 years | -38.99% | — | — |
Current DrawdownCurrent decline from peak | -2.08% | -12.55% | +10.47% |
Average DrawdownAverage peak-to-trough decline | -7.96% | -9.02% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 8.48% | -6.17% |
Volatility
NIE vs. VKSIX - Volatility Comparison
The current volatility for Virtus Equity & Convertible Income Fund (NIE) is 3.77%, while Virtus KAR Small-Mid Cap Core Fund (VKSIX) has a volatility of 5.42%. This indicates that NIE experiences smaller price fluctuations and is considered to be less risky than VKSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NIE | VKSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 5.42% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 10.51% | 12.44% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.59% | 16.41% | -3.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.68% | 19.32% | -1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.81% | 20.90% | -1.09% |
NIE vs. VKSIX - Expense Ratio Comparison
NIE has a 1.12% expense ratio, which is higher than VKSIX's 1.02% expense ratio.
Dividends
NIE vs. VKSIX - Dividend Comparison
NIE's dividend yield for the trailing twelve months is around 9.91%, more than VKSIX's 0.35% 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% |
VKSIX Virtus KAR Small-Mid Cap Core Fund | 0.35% | 0.34% | 0.43% | 0.00% | 0.00% | 1.13% | 0.01% | 0.00% | 1.47% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NIE and VKSIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VKSIX has higher volatility (5.42%) compared to NIE (3.77%). In terms of maximum drawdown, NIE dropped -57.90% vs VKSIX's -35.59%.
NIE currently has the higher Sharpe Ratio (1.69 vs -0.48), 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.
Find the right allocation for NIE and VKSIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer