PBXIX vs. ANNPX
Compare and contrast key facts about Rational/Pier 88 Convertible Securities Fund (PBXIX) and Virtus Convertible Fund (ANNPX).
PBXIX is managed by Rational Funds. It was launched on Dec 5, 2019. ANNPX is managed by Allianz. It was launched on Apr 18, 1993.
Performance
PBXIX vs. ANNPX - Performance Comparison
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PBXIX vs. ANNPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PBXIX Rational/Pier 88 Convertible Securities Fund | -2.92% | 2.12% | 8.23% | 3.28% | -10.82% | 10.23% | 17.09% | 1.70% |
ANNPX Virtus Convertible Fund | -0.19% | 22.50% | 14.13% | 8.39% | -18.65% | 4.96% | 55.99% | 2.30% |
Returns By Period
In the year-to-date period, PBXIX achieves a -2.92% return, which is significantly lower than ANNPX's -0.19% return.
PBXIX
- 1D
- -0.29%
- 1M
- -4.31%
- YTD
- -2.92%
- 6M
- -2.93%
- 1Y
- 1.01%
- 3Y*
- 3.97%
- 5Y*
- 1.30%
- 10Y*
- —
ANNPX
- 1D
- -1.73%
- 1M
- -5.81%
- YTD
- -0.19%
- 6M
- 2.89%
- 1Y
- 26.44%
- 3Y*
- 13.75%
- 5Y*
- 4.99%
- 10Y*
- 12.62%
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PBXIX vs. ANNPX - Expense Ratio Comparison
PBXIX has a 0.99% expense ratio, which is higher than ANNPX's 0.71% expense ratio.
Return for Risk
PBXIX vs. ANNPX — Risk / Return Rank
PBXIX
ANNPX
PBXIX vs. ANNPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rational/Pier 88 Convertible Securities Fund (PBXIX) and Virtus Convertible Fund (ANNPX). 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.
| PBXIX | ANNPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.12 | 1.87 | -1.75 |
Sortino ratioReturn per unit of downside risk | 0.22 | 2.48 | -2.26 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.34 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | 0.09 | 3.47 | -3.39 |
Martin ratioReturn relative to average drawdown | 0.32 | 13.90 | -13.58 |
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
| PBXIX | ANNPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 1.87 | -1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.39 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.51 | -0.15 |
Correlation
The correlation between PBXIX and ANNPX is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PBXIX vs. ANNPX - Dividend Comparison
PBXIX's dividend yield for the trailing twelve months is around 6.05%, less than ANNPX's 11.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBXIX Rational/Pier 88 Convertible Securities Fund | 6.05% | 3.48% | 2.14% | 2.22% | 2.25% | 7.56% | 1.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ANNPX Virtus Convertible Fund | 11.28% | 11.32% | 2.31% | 2.56% | 1.55% | 20.74% | 6.94% | 5.12% | 18.79% | 23.47% | 2.88% | 10.63% |
Drawdowns
PBXIX vs. ANNPX - Drawdown Comparison
The maximum PBXIX drawdown since its inception was -24.03%, smaller than the maximum ANNPX drawdown of -55.61%. Use the drawdown chart below to compare losses from any high point for PBXIX and ANNPX.
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Drawdown Indicators
| PBXIX | ANNPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.03% | -55.61% | +31.58% |
Max Drawdown (1Y)Largest decline over 1 year | -5.74% | -7.15% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -15.57% | -26.85% | +11.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.36% | — |
Current DrawdownCurrent decline from peak | -5.16% | -7.15% | +1.99% |
Average DrawdownAverage peak-to-trough decline | -5.65% | -17.54% | +11.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.79% | -0.25% |
Volatility
PBXIX vs. ANNPX - Volatility Comparison
The current volatility for Rational/Pier 88 Convertible Securities Fund (PBXIX) is 2.16%, while Virtus Convertible Fund (ANNPX) has a volatility of 6.20%. This indicates that PBXIX experiences smaller price fluctuations and is considered to be less risky than ANNPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBXIX | ANNPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 6.20% | -4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.96% | 11.16% | -6.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.50% | 14.09% | -5.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.63% | 12.78% | -4.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.57% | 13.44% | -1.87% |