PQNCX vs. VVOAX
PQNCX (Virtus NFJ Mid-Cap Value Fund) and VVOAX (Invesco Value Opportunities Fund) are both Mid Cap Value Equities funds. Over the past 10 years, PQNCX returned 8.83%/yr vs 17.02%/yr for VVOAX. Their correlation of 0.87 suggests significant overlap in exposure. PQNCX charges 1.75%/yr vs 1.22%/yr for VVOAX.
Performance
PQNCX vs. VVOAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PQNCX achieves a 13.08% return, which is significantly lower than VVOAX's 21.14% return. Over the past 10 years, PQNCX has underperformed VVOAX with an annualized return of 8.83%, while VVOAX has yielded a comparatively higher 17.02% annualized return.
PQNCX
- 1D
- 0.00%
- 1M
- 0.26%
- YTD
- 13.08%
- 6M
- 10.80%
- 1Y
- 19.63%
- 3Y*
- 10.10%
- 5Y*
- 5.60%
- 10Y*
- 8.83%
VVOAX
- 1D
- 0.46%
- 1M
- 1.39%
- YTD
- 21.14%
- 6M
- 19.21%
- 1Y
- 43.32%
- 3Y*
- 30.50%
- 5Y*
- 18.35%
- 10Y*
- 17.02%
PQNCX vs. VVOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PQNCX Virtus NFJ Mid-Cap Value Fund | 13.08% | 4.52% | 2.69% | 15.19% | -13.05% | 24.95% | 0.19% | 28.03% | -16.89% | 25.41% |
VVOAX Invesco Value Opportunities Fund | 21.14% | 20.24% | 30.01% | 15.20% | 1.33% | 35.60% | 5.49% | 29.84% | -19.92% | 17.07% |
Correlation
The correlation between PQNCX and VVOAX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2001 | 0.87 |
The correlation between PQNCX and VVOAX has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.
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
PQNCX vs. VVOAX — Risk / Return Rank
PQNCX
VVOAX
PQNCX vs. VVOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus NFJ Mid-Cap Value Fund (PQNCX) and Invesco Value Opportunities Fund (VVOAX). 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.
| PQNCX | VVOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.38 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 4.67 | -2.77 |
| Martin ratioReturn relative to average drawdown | 6.06 | 16.03 | -9.98 |
Loading charts...
Drawdowns
PQNCX vs. VVOAX - Drawdown Comparison
The maximum PQNCX drawdown since its inception was -59.51%, roughly equal to the maximum VVOAX drawdown of -62.08%. Use the drawdown chart below to compare losses from any high point for PQNCX and VVOAX.
Loading charts...
Drawdown Indicators
| PQNCX | VVOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.51% | -62.08% | +2.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.73% | -9.21% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -19.61% | -24.05% | +4.44% |
Max Drawdown (5Y)Largest decline over 5 years | -24.00% | -24.05% | +0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -42.52% | -51.80% | +9.28% |
Current DrawdownCurrent decline from peak | -1.89% | -3.04% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -7.47% | -11.70% | +4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 2.67% | +0.37% |
Volatility
PQNCX vs. VVOAX - Volatility Comparison
The current volatility for Virtus NFJ Mid-Cap Value Fund (PQNCX) is 5.29%, while Invesco Value Opportunities Fund (VVOAX) has a volatility of 9.20%. This indicates that PQNCX experiences smaller price fluctuations and is considered to be less risky than VVOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PQNCX | VVOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 9.20% | -3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 11.00% | 15.42% | -4.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.61% | 19.32% | -3.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.96% | 21.35% | -2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.63% | 24.17% | -4.54% |
PQNCX vs. VVOAX - Expense Ratio Comparison
PQNCX has a 1.75% expense ratio, which is higher than VVOAX's 1.22% expense ratio.
Dividends
PQNCX vs. VVOAX - Dividend Comparison
PQNCX's dividend yield for the trailing twelve months is around 7.13%, less than VVOAX's 8.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PQNCX Virtus NFJ Mid-Cap Value Fund | 7.13% | 8.07% | 1.99% | 9.82% | 39.90% | 14.94% | 0.35% | 10.06% | 0.01% | 10.70% | 0.92% | 4.54% |
VVOAX Invesco Value Opportunities Fund | 8.61% | 10.43% | 7.79% | 2.27% | 9.79% | 8.82% | 0.25% | 1.95% | 15.44% | 5.11% | 1.10% | 15.87% |
Frequently Asked Questions
PQNCX and VVOAX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VVOAX has higher volatility (9.20%) compared to PQNCX (5.29%). In terms of maximum drawdown, PQNCX dropped -59.51% vs VVOAX's -62.08%.
VVOAX currently has the higher Sharpe Ratio (2.23 vs 1.19), 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 PQNCX and VVOAX
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