NCV vs FXY

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

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

NCV vs FXY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

NCV

$439M

FXY

$438M

Expense Ratio

NCV

N/A

FXY

0.40%

Max Drawdown

NCV

84.83%

Winner

FXY

56.11%

Sharpe Ratio

Winner

NCV

2.07

FXY

-1.73

5Y Beta

NCV

0.74

Winner

FXY

-0.12

5Y Dividends CAGR

NCV

-4.36%

FXY

N/A

NCV vs FXY - Historical Returns

Returns include dividend reinvestment.

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

Winner

NCV

+2.88%

FXY

-1.23%

Winner

NCV

+14.60%

FXY

-1.13%

Winner

NCV

+22.61%

FXY

-3.34%

Winner

NCV

+40.72%

FXY

-10.02%

5Y(CAGR)

Winner

NCV

+5.10%

FXY

-7.74%

10Y(CAGR)

Winner

NCV

+8.59%

FXY

-4.75%

Max(CAGR)

Winner

NCV

+6.62%

FXY

-1.90%

NCV vs FXY - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

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

NCV vs FXY Drawdown Comparison

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

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

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

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

Correlation

Correlation between NCV and FXY 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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