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NIE · Virtus Equity & Convertible Income Fund

Over the last 15 years (2011-09 to 2026-09), $10,000 invested in NIE with dividends reinvested grew to $55,939, 12.09% a year, with a worst peak-to-trough fall of -28.12%. Past performance doesn't predict future results.

Growth of $10,000 · 2011-09 to 2026-09 · dividends reinvested

CAGR (annualized return)
12.09%
Volatility (annualized)
15.34%
Worst drawdown
-28.12%
Sharpe ratio
0.71

How NIE held up in past market crashes

NIE has been through 4 of the market crashes since 2000 in our data. Its deepest price fall was 62.5% in the 2008 financial crisis, when the S&P 500 fell 56.5%. It took 11.3 years from the bottom to get back to its high. No fund is safe from losses; past falls do not predict future ones.

Deepest price fall and recovery time of NIE in each market crash, next to the S&P 500
CrashNIE deepest fallS&P 500 (SPY)Peak to bottomBack to peak
2008 financial crisis-62.5%-56.5%Oct 2007 to Nov 200811.3 years
2018 fourth-quarter selloff-25.8%-20.2%Sep 2018 to Dec 201813 months
2020 COVID crash-40.3%-34.1%Feb 2020 to Mar 20205 months
2022 bear market-33.9%-25.4%Jan 2022 to Jun 2022Not yet

Price declines in the fund's listing currency, dividends not included, inside each crash's S&P 500 peak-to-bottom window. See how 50 popular ETFs compare in the crash study.

About NIE

Virtus Equity & Convertible Income Fund is a closed-end fund that aims to deliver total return through a combination of capital appreciation, current income, and gains. The fund invests primarily in a diversified mix of U.S. equity securities and income-producing convertible securities, giving it exposure to both growth-oriented stocks and securities with equity-linked income characteristics. It also uses covered call writing on selected stock and index positions as part of its income-oriented approach. The portfolio typically spans multiple sectors, with notable emphasis on large-cap technology and other leading U.S. companies. Virtus Equity & Convertible Income Fund is designed for investors seeking diversified access to equities and convertibles within a single actively managed structure, and it plays a role in the market as a hybrid income and equity strategy vehicle.

Put NIE to the test

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Educational use only, not investment advice. Results are hypothetical.Read full disclaimer

This tool is for educational and informational purposes only and does not provide financial, investment, tax, legal, or accounting advice. Results are hypothetical and based on historical data and assumptions that may be inaccurate. Past performance does not guarantee future results. Consult a licensed professional before making investment decisions.