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NCZ vs SPY

Comparison between Virtus Convertible & Income Fund II (NCZ, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed NCZ, delivering a return of +13.3% compared to +5.9%

NCZ vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
NCZ
$321M
Winner
SPY
$735B
Expense Ratio
NCZ
N/A
SPY
0.09%
Max Drawdown
NCZ
85.64%
Winner
SPY
56.47%
Sharpe Ratio
Winner
NCZ
1.85
SPY
1.62
5Y Beta
Winner
NCZ
0.80
SPY
1.00
P/E Ratio
NCZ
N/A
SPY
28.99
Forward P/E
NCZ
N/A
SPY
22.37
5Y Dividends CAGR
NCZ
-1.12%
Winner
SPY
5.43%
5Y EPS CAGR
NCZ
N/A
SPY
26.05%
Debt to Equity
NCZ
N/A
SPY
32.40%
P/S Ratio
NCZ
N/A
SPY
3.74
P/B Ratio
NCZ
N/A
SPY
5.61

NCZ vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
NCZ
+0.30%
Winner
SPY
+1.90%
3M
Winner
NCZ
+9.83%
SPY
+8.55%
6M
Winner
NCZ
+14.78%
SPY
+8.18%
1Y
Winner
NCZ
+38.62%
SPY
+25.79%
5Y(CAGR)
NCZ
+5.92%
Winner
SPY
+13.32%
10Y(CAGR)
NCZ
+8.61%
Winner
SPY
+15.19%
Max(CAGR)
NCZ
+6.00%
Winner
SPY
+8.47%

NCZ vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearNCZSPY
2026+14.62%+8.26%
2025+23.56%+18.00%
2024+19.58%+25.59%
2023+16.86%+26.72%
2022-35.66%-18.64%
2021+10.11%+30.52%
2020+11.35%+17.28%
2019+22.29%+31.09%
2018-18.47%-5.24%
2017+23.36%+20.78%
2016+29.64%+13.59%
2015-34.67%+1.31%
2014+10.11%+14.56%
2013+24.09%+29.00%
2012+9.02%+14.17%
2011-6.63%+0.85%
2010+25.37%+13.14%
2009+111.32%+22.67%
2008-61.60%-36.25%
2007-12.60%+5.32%
2006+22.86%+13.85%
2005+0.13%+5.32%
2004+12.68%+10.75%
2003+6.87%+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

NCZ vs SPY Drawdown Comparison

The maximum drawdown for NCZ was -79.41%, occurring on Nov 21, 2008. Recovery took 926 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current NCZ drawdown is -3.77%. The current SPY drawdown is -2.90%.

RankNCZSPY
#1-79.41%
Jun 4, 2007 - Feb 3, 2011		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-56.04%
Feb 19, 2020 - Dec 4, 2020		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-50.80%
Jul 3, 2014 - Jun 8, 2018		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-43.93%
Nov 8, 2021 - Sep 10, 2025		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-30.38%
Sep 14, 2018 - Feb 18, 2020		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-26.78%
Jun 3, 2011 - Sep 12, 2012		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-17.42%
Apr 2, 2004 - Sep 13, 2004		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-13.07%
Oct 8, 2012 - Jan 25, 2013		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-11.95%
Feb 13, 2026 - Apr 9, 2026		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-11.62%
Dec 28, 2004 - Jul 14, 2005		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-8.85%
Feb 12, 2021 - Jun 11, 2021		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-8.61%
May 20, 2013 - Oct 11, 2013		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-7.41%
Sep 6, 2005 - Jan 10, 2006		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-6.84%
Mar 9, 2011 - May 27, 2011		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-6.39%
Nov 3, 2025 - Dec 24, 2025		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between NCZ and SPY is 0.84 which considered as a strong positive correlation - the stocks tend to move together.

0.84
-101

Dividend Comparison (1999 - 2026)

NCZ vs SPY dividend yield comparison.

YearNCZSPY
20263.91%0.24%
202510.45%1.07%
202411.50%1.21%
202312.84%1.40%
202215.62%1.65%
20218.82%1.20%
20209.28%1.52%
201911.28%1.75%
201815.33%2.04%
201713.80%1.80%
201612.08%2.03%
201518.02%2.06%
201411.45%1.87%
201311.36%1.81%
201212.86%2.18%
201112.96%2.05%
201012.38%1.80%
200912.41%1.95%
200827.60%3.02%
200712.97%1.85%
200610.52%1.73%
200512.68%1.73%
20049.87%1.82%
20033.76%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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