FXY vs NCV

Comparison between Invesco CurrencyShares Japanese Yen Trust (FXY, ETF) and Virtus Convertible & Income Fund (NCV, ETF).

5-Year PerformanceNCV has outperformed FXY, delivering a return of +5.1% compared to -7.7%

FXY vs NCV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FXY(ETF)	NCV(ETF)
Net Assets	$438M	$439M
Expense Ratio	0.40%	N/A
Max Drawdown	56.11%	84.83%
Sharpe Ratio	-1.73	2.07
5Y Beta	-0.12	0.74
5Y Dividends CAGR	N/A	-4.36%

Net Assets

FXY

$438M

Winner

NCV

$439M

Expense Ratio

FXY

0.40%

NCV

N/A

Max Drawdown

Winner

FXY

56.11%

NCV

84.83%

Sharpe Ratio

FXY

-1.73

Winner

NCV

2.07

5Y Beta

Winner

FXY

-0.12

NCV

0.74

5Y Dividends CAGR

FXY

N/A

NCV

-4.36%

FXY vs NCV - Historical Returns

Returns include dividend reinvestment.

Period	FXY	NCV
1 month	-1.23%	+2.88%
3 months	-1.13%	+14.60%
6 months	-3.34%	+22.61%
1 year	-10.02%	+40.72%
5 years(CAGR)	-7.74%	+5.10%
10 years(CAGR)	-4.75%	+8.59%
Max(CAGR)	-1.90%	+6.62%

FXY

-1.23%

Winner

NCV

+2.88%

FXY

-1.13%

Winner

NCV

+14.60%

FXY

-3.34%

Winner

NCV

+22.61%

FXY

-10.02%

Winner

NCV

+40.72%

5Y(CAGR)

FXY

-7.74%

Winner

NCV

+5.10%

10Y(CAGR)

FXY

-4.75%

Winner

NCV

+8.59%

Max(CAGR)

FXY

-1.90%

Winner

NCV

+6.62%

FXY vs NCV - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	FXY	NCV
2026	-2.56%	+18.44%
2025	+0.20%	+22.91%
2024	-10.24%	+16.54%
2023	-7.66%	+13.01%
2022	-12.55%	-33.85%
2021	-10.98%	+11.44%
2020	+4.51%	+12.09%
2019	-0.25%	+20.19%
2018	+1.92%	-16.72%
2017	+3.99%	+23.13%
2016	+1.78%	+28.60%
2015	-0.11%	-32.82%
2014	-12.91%	+8.50%
2013	-17.46%	+21.81%
2012	-12.01%	+9.97%
2011	+5.79%	-7.46%
2010	+13.59%	+25.26%
2009	-1.09%	+112.18%
2008	+20.73%	-58.08%
2007	+8.36%	-16.53%
2006	N/A	+21.89%
2005	N/A	+0.06%
2004	N/A	+14.67%
2003	N/A	+18.55%

FXY vs NCV Drawdown Comparison

The maximum drawdown for FXY was -56.11%, occurring on Jun 17, 2026. This drawdown has not yet recovered.

The maximum drawdown for NCV was -78.88%, occurring on Nov 21, 2008. Recovery took 917 trading sessions.

The current FXY drawdown is -56.11%. The current NCV drawdown is -1.05%.

Rank	FXY	NCV
#1	-56.11% Oct 28, 2011 - Jun 17, 2026	-78.88% Jun 5, 2007 - Jan 24, 2011
#2	-13.65% Dec 17, 2008 - Nov 27, 2009	-56.13% Feb 13, 2020 - Dec 7, 2020
#3	-12.05% Mar 17, 2008 - Oct 23, 2008	-47.95% Jul 3, 2014 - Oct 6, 2017
#4	-8.76% Nov 30, 2009 - Aug 3, 2010	-44.60% Nov 5, 2021 - Nov 10, 2025
#5	-7.63% Mar 17, 2011 - Jul 20, 2011	-30.39% Sep 14, 2018 - Feb 10, 2020
#6	-6.54% Mar 5, 2007 - Aug 16, 2007	-27.22% Apr 4, 2011 - Sep 12, 2012
#7	-6.40% Nov 26, 2007 - Jan 15, 2008	-15.11% Feb 10, 2004 - Sep 7, 2004
#8	-6.30% Oct 27, 2008 - Dec 1, 2008	-12.69% Dec 30, 2004 - Jul 28, 2005
#9	-4.53% Oct 29, 2010 - Mar 16, 2011	-11.98% Oct 8, 2012 - Jan 23, 2013
#10	-3.62% Sep 7, 2007 - Nov 7, 2007	-11.39% Feb 11, 2026 - Apr 9, 2026
#11	-3.21% Sep 14, 2010 - Oct 6, 2010	-11.17% May 21, 2013 - Oct 17, 2013
#12	-2.69% Jul 29, 2011 - Aug 9, 2011	-8.21% Feb 10, 2021 - Jun 1, 2021
#13	-1.91% Aug 16, 2007 - Sep 7, 2007	-8.02% Jul 11, 2003 - Oct 3, 2003
#14	-1.87% Feb 15, 2007 - Feb 27, 2007	-7.53% Jul 7, 2021 - Aug 31, 2021
#15	-1.80% Jan 30, 2008 - Feb 27, 2008	-7.40% Sep 8, 2005 - Jan 6, 2006

Correlation

Correlation between FXY and NCV is -0.63 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.63

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