PSVIX vs. ANNPX
PSVIX (Virtus NFJ Small-Cap Value Fund) and ANNPX (Virtus Convertible Fund) are both mutual funds - PSVIX is a Small Cap Value Equities fund managed by Allianz, while ANNPX is a Convertible Bonds fund managed by Allianz. Over the past 10 years, PSVIX returned 7.09%/yr vs 13.40%/yr for ANNPX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. PSVIX charges 0.82%/yr vs 0.71%/yr for ANNPX.
Performance
PSVIX vs. ANNPX - Performance Comparison
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Returns By Period
In the year-to-date period, PSVIX achieves a 18.55% return, which is significantly higher than ANNPX's 13.93% return. Over the past 10 years, PSVIX has underperformed ANNPX with an annualized return of 7.09%, while ANNPX has yielded a comparatively higher 13.40% annualized return.
PSVIX
- 1D
- 1.23%
- 1M
- 1.68%
- 6M
- 12.11%
- YTD
- 18.55%
- 1Y
- 28.94%
- 3Y*
- 9.95%
- 5Y*
- 7.01%
- 10Y*
- 7.09%
- ALL TIME*
- 9.78%
ANNPX
- 1D
- 2.60%
- 1M
- -2.60%
- 6M
- 9.03%
- YTD
- 13.93%
- 1Y
- 29.08%
- 3Y*
- 16.92%
- 5Y*
- 7.14%
- 10Y*
- 13.40%
- ALL TIME*
- 7.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PSVIX vs. ANNPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSVIX Virtus NFJ Small-Cap Value Fund | 18.55% | 1.37% | 5.87% | 23.36% | -15.77% | 24.66% | -4.31% | 24.80% | -19.33% | 9.10% |
ANNPX Virtus Convertible Fund | 13.93% | 22.50% | 14.13% | 8.39% | -18.65% | 4.96% | 55.99% | 26.45% | 2.76% | 15.22% |
Correlation
The correlation between PSVIX and ANNPX is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 1993 | 0.74 |
The correlation between PSVIX and ANNPX shifts across timeframes, from 0.60 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PSVIX vs. ANNPX — Risk / Return Rank
PSVIX
ANNPX
PSVIX vs. ANNPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus NFJ Small-Cap Value Fund (PSVIX) 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.
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.
| PSVIX | ANNPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.30 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 3.05 | +0.01 |
| Martin ratioReturn relative to average drawdown | 8.80 | 11.64 | -2.84 |
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Drawdowns
PSVIX vs. ANNPX - Drawdown Comparison
The maximum PSVIX drawdown since its inception was -55.62%, roughly equal to the maximum ANNPX drawdown of -55.61%. Use the drawdown chart below to compare losses from any high point for PSVIX and ANNPX.
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Drawdown Indicators
| PSVIX | ANNPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.62% | -55.61% | -0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -9.06% | +0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -27.34% | -13.67% | -13.67% |
Max Drawdown (5Y)Largest decline over 5 years | -27.34% | -26.85% | -0.49% |
Max Drawdown (10Y)Largest decline over 10 years | -45.39% | -27.36% | -18.03% |
Current DrawdownCurrent decline from peak | -0.98% | -6.70% | +5.72% |
Average DrawdownAverage peak-to-trough decline | -7.91% | -17.38% | +9.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.37% | +0.54% |
Volatility
PSVIX vs. ANNPX - Volatility Comparison
The current volatility for Virtus NFJ Small-Cap Value Fund (PSVIX) is 3.44%, while Virtus Convertible Fund (ANNPX) has a volatility of 5.32%. This indicates that PSVIX 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
| PSVIX | ANNPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 5.32% | -1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 11.15% | 12.96% | -1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.61% | 15.75% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.07% | 13.19% | +7.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.17% | 13.73% | +8.44% |
PSVIX vs. ANNPX - Expense Ratio Comparison
PSVIX has a 0.82% expense ratio, which is higher than ANNPX's 0.71% expense ratio.
Dividends
PSVIX vs. ANNPX - Dividend Comparison
PSVIX's dividend yield for the trailing twelve months is around 2.76%, less than ANNPX's 9.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANNPX Virtus Convertible Fund | 9.68% | 11.32% | 2.31% | 2.56% | 1.55% | 20.74% | 6.94% | 5.12% | 18.79% | 23.47% | 2.88% | 10.63% |
PSVIX Virtus NFJ Small-Cap Value Fund | 2.76% | 3.27% | 3.72% | 9.11% | 15.72% | 7.15% | 2.08% | 8.04% | 32.47% | 17.56% | 3.74% | 16.77% |
Frequently Asked Questions
PSVIX and ANNPX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ANNPX has higher volatility (5.32%) compared to PSVIX (3.44%). In terms of maximum drawdown, PSVIX dropped -55.62% vs ANNPX's -55.61%.
ANNPX currently has the higher Sharpe Ratio (1.75 vs 1.55), 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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