NCV vs UTWO
Comparison between Virtus Convertible & Income Fund (NCV, ETF) and F/M US TREASURY 2 YEAR NOTE ETF (UTWO, ETF).
NCV vs UTWO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
NCV
$439M
UTWO
$439M
Expense Ratio
NCV
N/A
UTWO
0.15%
Max Drawdown
NCV
84.83%
Winner
UTWO
4.63%
Sharpe Ratio
Winner
NCV
2.07
UTWO
-0.62
5Y Beta
NCV
0.74
Winner
UTWO
-0.01
5Y Dividends CAGR
NCV
-4.36%
UTWO
N/A
NCV vs UTWO - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NCV
+2.88%
UTWO
+0.03%
3M
Winner
NCV
+14.60%
UTWO
-0.08%
6M
Winner
NCV
+22.61%
UTWO
+0.36%
1Y
Winner
NCV
+40.72%
UTWO
+2.87%
5Y(CAGR)
NCV
+5.10%
UTWO
N/A
10Y(CAGR)
NCV
+8.59%
UTWO
N/A
Max(CAGR)
Winner
NCV
+6.62%
UTWO
+2.92%
NCV vs UTWO - Annual Returns (2003 - 2026)
Returns include dividend reinvestment.
| Year | NCV | UTWO |
|---|---|---|
| 2026 | +18.44% | +0.19% |
| 2025 | +22.91% | +4.82% |
| 2024 | +16.54% | +3.83% |
| 2023 | +13.01% | +3.41% |
| 2022 | -33.85% | -0.81% |
| 2021 | +11.44% | N/A |
| 2020 | +12.09% | N/A |
| 2019 | +20.19% | N/A |
| 2018 | -16.72% | N/A |
| 2017 | +23.13% | N/A |
| 2016 | +28.60% | N/A |
| 2015 | -32.82% | N/A |
| 2014 | +8.50% | N/A |
| 2013 | +21.81% | N/A |
| 2012 | +9.97% | N/A |
| 2011 | -7.46% | N/A |
| 2010 | +25.26% | N/A |
| 2009 | +112.18% | N/A |
| 2008 | -58.08% | N/A |
| 2007 | -16.53% | N/A |
| 2006 | +21.89% | N/A |
| 2005 | +0.06% | N/A |
| 2004 | +14.67% | N/A |
| 2003 | +18.55% | N/A |
NCV vs UTWO Drawdown Comparison
The maximum drawdown for NCV was -78.88%, occurring on Nov 21, 2008. Recovery took 917 trading sessions.
The maximum drawdown for UTWO was -2.04%, occurring on Nov 7, 2022. Recovery took 144 trading sessions.
The current NCV drawdown is -1.05%. The current UTWO drawdown is -0.49%.
| Rank | NCV | UTWO |
|---|---|---|
| #1 | -78.88% Jun 5, 2007 - Jan 24, 2011 | -2.04% Aug 15, 2022 - Mar 13, 2023 |
| #2 | -56.13% Feb 13, 2020 - Dec 7, 2020 | -1.82% May 4, 2023 - Nov 28, 2023 |
| #3 | -47.95% Jul 3, 2014 - Oct 6, 2017 | -1.08% Sep 24, 2024 - Jan 31, 2025 |
| #4 | -44.60% Nov 5, 2021 - Nov 10, 2025 | -0.90% Feb 27, 2026 - Mar 26, 2026 |
| #5 | -30.39% Sep 14, 2018 - Feb 10, 2020 | -0.77% Apr 30, 2025 - Jun 24, 2025 |
| #6 | -27.22% Apr 4, 2011 - Sep 12, 2012 | -0.75% Apr 5, 2023 - May 3, 2023 |
| #7 | -15.11% Feb 10, 2004 - Sep 7, 2004 | -0.75% Feb 1, 2024 - May 15, 2024 |
| #8 | -12.69% Dec 30, 2004 - Jul 28, 2005 | -0.64% Mar 24, 2023 - Apr 5, 2023 |
| #9 | -11.98% Oct 8, 2012 - Jan 23, 2013 | -0.58% Mar 17, 2023 - Mar 23, 2023 |
| #10 | -11.39% Feb 11, 2026 - Apr 9, 2026 | -0.47% Apr 4, 2025 - Apr 28, 2025 |
| #11 | -11.17% May 21, 2013 - Oct 17, 2013 | -0.45% Mar 15, 2023 - Mar 17, 2023 |
| #12 | -8.21% Feb 10, 2021 - Jun 1, 2021 | -0.39% Jan 12, 2024 - Jan 31, 2024 |
| #13 | -8.02% Jul 11, 2003 - Oct 3, 2003 | -0.39% Mar 13, 2023 - Mar 15, 2023 |
| #14 | -7.53% Jul 7, 2021 - Aug 31, 2021 | -0.32% May 15, 2024 - Jun 3, 2024 |
| #15 | -7.40% Sep 8, 2005 - Jan 6, 2006 | -0.32% Jun 30, 2025 - Aug 1, 2025 |
Correlation
Correlation between NCV and UTWO is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
Dividend Comparison (2003 - 2026)
NCV vs UTWO dividend yield comparison.
| Year | NCV | UTWO |
|---|---|---|
| 2026 | 4.74% | 1.45% |
| 2025 | 10.77% | 3.63% |
| 2024 | 11.76% | 4.22% |
| 2023 | 12.86% | 4.39% |
| 2022 | 15.00% | 1.22% |
| 2021 | 8.75% | 0.00% |
| 2020 | 9.41% | 0.00% |
| 2019 | 11.61% | 0.00% |
| 2018 | 15.03% | 0.00% |
| 2017 | 11.10% | 0.00% |
| 2016 | 12.23% | 0.00% |
| 2015 | 17.69% | 0.00% |
| 2014 | 11.46% | 0.00% |
| 2013 | 11.12% | 0.00% |
| 2012 | 12.43% | 0.00% |
| 2011 | 13.34% | 0.00% |
| 2010 | 12.23% | 0.00% |
| 2009 | 10.68% | 0.00% |
| 2008 | 26.94% | 0.00% |
| 2007 | 12.30% | 0.00% |
| 2006 | 10.49% | 0.00% |
| 2005 | 14.76% | 0.00% |
| 2004 | 13.92% | 0.00% |
| 2003 | 6.70% | 0.00% |
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