GMF vs NCV

Comparison between STATE STREET(R) SPDR(R) S&P(R) EMERGING ASIA PACIFIC ETF (GMF, ETF) and Virtus Convertible & Income Fund (NCV, ETF).

5-Year PerformanceGMF has outperformed NCV, delivering a return of +5.6% compared to +5.1%

GMF vs NCV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GMF(ETF)	NCV(ETF)
Net Assets	$438M	$438M
Expense Ratio	0.49%	N/A
Max Drawdown	67.62%	84.83%
Sharpe Ratio	0.85	1.49
5Y Beta	0.78	0.74
5Y Dividends CAGR	3.79%	-4.36%

Net Assets

GMF

$438M

NCV

$438M

Expense Ratio

GMF

0.49%

NCV

N/A

Max Drawdown

Winner

GMF

67.62%

NCV

84.83%

Sharpe Ratio

GMF

0.85

Winner

NCV

1.49

5Y Beta

GMF

0.78

Winner

NCV

0.74

5Y Dividends CAGR

Winner

GMF

3.79%

NCV

-4.36%

GMF vs NCV - Historical Returns

Returns include dividend reinvestment.

Period	GMF	NCV
1 month	-5.12%	-1.79%
3 months	+4.28%	+6.53%
6 months	+6.73%	+13.02%
1 year	+18.80%	+31.38%
5 years(CAGR)	+5.61%	+5.09%
10 years(CAGR)	+9.23%	+7.29%
Max(CAGR)	+7.13%	+6.57%

GMF

-5.12%

Winner

NCV

-1.79%

GMF

+4.28%

Winner

NCV

+6.53%

GMF

+6.73%

Winner

NCV

+13.02%

GMF

+18.80%

Winner

NCV

+31.38%

5Y(CAGR)

Winner

GMF

+5.61%

NCV

+5.09%

10Y(CAGR)

Winner

GMF

+9.23%

NCV

+7.29%

Max(CAGR)

Winner

GMF

+7.13%

NCV

+6.57%

GMF vs NCV - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	GMF	NCV
2026	+7.24%	+17.80%
2025	+22.11%	+22.91%
2024	+18.25%	+16.54%
2023	+6.69%	+13.01%
2022	-19.66%	-33.85%
2021	-2.58%	+11.44%
2020	+22.19%	+12.09%
2019	+20.09%	+20.19%
2018	-16.14%	-16.72%
2017	+40.53%	+23.13%
2016	+8.09%	+28.60%
2015	-8.55%	-32.82%
2014	+12.46%	+8.50%
2013	-0.45%	+21.81%
2012	+16.77%	+9.97%
2011	-20.38%	-7.46%
2010	+16.74%	+25.26%
2009	+63.86%	+112.18%
2008	-47.80%	-58.08%
2007	+42.90%	-16.53%
2006	N/A	+21.89%
2005	N/A	+0.06%
2004	N/A	+14.67%
2003	N/A	+18.55%

GMF vs NCV Drawdown Comparison

The maximum drawdown for GMF was -67.19%, occurring on Nov 20, 2008. Recovery took 1692 trading sessions.

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

The current GMF drawdown is -5.12%. The current NCV drawdown is -2.63%.

Rank	GMF	NCV
#1	-67.19% Oct 31, 2007 - Jul 24, 2014	-78.88% Jun 5, 2007 - Jan 24, 2011
#2	-40.17% Feb 17, 2021 - Jul 23, 2025	-56.13% Feb 13, 2020 - Dec 7, 2020
#3	-31.24% Jan 26, 2018 - Aug 5, 2020	-47.95% Jul 3, 2014 - Oct 6, 2017
#4	-30.66% Apr 27, 2015 - May 25, 2017	-44.60% Nov 5, 2021 - Nov 10, 2025
#5	-16.46% Jul 23, 2007 - Sep 4, 2007	-30.39% Sep 14, 2018 - Feb 10, 2020
#6	-12.62% Feb 25, 2026 - May 5, 2026	-27.22% Apr 4, 2011 - Sep 12, 2012
#7	-10.51% Sep 5, 2014 - Apr 2, 2015	-15.11% Feb 10, 2004 - Sep 7, 2004
#8	-7.01% Jun 22, 2026 - Jul 17, 2026	-12.69% Dec 30, 2004 - Jul 28, 2005
#9	-5.66% Aug 28, 2020 - Oct 8, 2020	-11.98% Oct 8, 2012 - Jan 23, 2013
#10	-5.62% Oct 17, 2007 - Oct 26, 2007	-11.39% Feb 11, 2026 - Apr 9, 2026
#11	-5.60% Jun 2, 2026 - Jun 18, 2026	-11.17% May 21, 2013 - Oct 17, 2013
#12	-5.51% Nov 22, 2017 - Jan 2, 2018	-8.21% Feb 10, 2021 - Jun 1, 2021
#13	-5.47% Oct 29, 2025 - Jan 2, 2026	-8.02% Jul 11, 2003 - Oct 3, 2003
#14	-5.07% Jan 25, 2021 - Feb 8, 2021	-7.53% Jul 7, 2021 - Aug 31, 2021
#15	-4.71% May 6, 2026 - May 26, 2026	-7.40% Sep 8, 2005 - Jan 6, 2006

Correlation

Correlation between GMF and NCV is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2003 - 2026)

GMF vs NCV dividend yield comparison.

Year	GMF	NCV
2026	0.43%	5.60%
2025	1.49%	10.77%
2024	1.92%	11.76%
2023	2.75%	12.86%
2022	2.54%	15.00%
2021	2.71%	8.75%
2020	1.32%	9.41%
2019	1.75%	11.61%
2018	2.26%	15.03%
2017	1.70%	11.10%
2016	2.49%	12.23%
2015	3.76%	17.69%
2014	1.55%	11.46%
2013	2.18%	11.12%
2012	1.77%	12.43%
2011	3.94%	13.34%
2010	4.44%	12.23%
2009	0.98%	10.68%
2008	1.33%	26.94%
2007	1.31%	12.30%
2006	0.00%	10.49%
2005	0.00%	14.76%
2004	0.00%	13.92%
2003	0.00%	6.70%