NCZ vs USDX
Comparison between Virtus Convertible & Income Fund II (NCZ, ETF) and SGI ENHANCED CORE ETF (USDX, ETF).
NCZ vs USDX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
NCZ
$321M
USDX
$319M
Expense Ratio
NCZ
N/A
USDX
1.08%
Max Drawdown
NCZ
85.64%
Winner
USDX
3.80%
Sharpe Ratio
Winner
NCZ
1.85
USDX
1.36
5Y Beta
NCZ
0.80
Winner
USDX
0.00
5Y Dividends CAGR
NCZ
-1.12%
USDX
N/A
NCZ vs USDX - Historical Returns
Returns include dividend reinvestment.
1M
NCZ
+0.30%
Winner
USDX
+0.44%
3M
Winner
NCZ
+9.83%
USDX
+1.72%
6M
Winner
NCZ
+14.78%
USDX
+2.72%
1Y
Winner
NCZ
+38.62%
USDX
+6.55%
5Y(CAGR)
NCZ
+5.92%
USDX
N/A
10Y(CAGR)
NCZ
+8.61%
USDX
N/A
Max(CAGR)
NCZ
+6.00%
Winner
USDX
+6.84%
NCZ vs USDX - Annual Returns (2003 - 2026)
Returns include dividend reinvestment.
| Year | NCZ | USDX |
|---|---|---|
| 2026 | +14.62% | +2.31% |
| 2025 | +23.56% | +6.20% |
| 2024 | +19.58% | +6.87% |
| 2023 | +16.86% | N/A |
| 2022 | -35.66% | N/A |
| 2021 | +10.11% | N/A |
| 2020 | +11.35% | N/A |
| 2019 | +22.29% | N/A |
| 2018 | -18.47% | N/A |
| 2017 | +23.36% | N/A |
| 2016 | +29.64% | N/A |
| 2015 | -34.67% | N/A |
| 2014 | +10.11% | N/A |
| 2013 | +24.09% | N/A |
| 2012 | +9.02% | N/A |
| 2011 | -6.63% | N/A |
| 2010 | +25.37% | N/A |
| 2009 | +111.32% | N/A |
| 2008 | -61.60% | N/A |
| 2007 | -12.60% | N/A |
| 2006 | +22.86% | N/A |
| 2005 | +0.13% | N/A |
| 2004 | +12.68% | N/A |
| 2003 | +6.87% | N/A |
NCZ vs USDX Drawdown Comparison
The maximum drawdown for NCZ was -79.41%, occurring on Nov 21, 2008. Recovery took 926 trading sessions.
The maximum drawdown for USDX was -0.94%, occurring on Jan 27, 2026. Recovery took 22 trading sessions.
The current NCZ drawdown is -3.77%. The current USDX drawdown is -0.14%.
| Rank | NCZ | USDX |
|---|---|---|
| #1 | -79.41% Jun 4, 2007 - Feb 3, 2011 | -0.94% Jan 21, 2026 - Feb 23, 2026 |
| #2 | -56.04% Feb 19, 2020 - Dec 4, 2020 | -0.74% Apr 7, 2025 - May 16, 2025 |
| #3 | -50.80% Jul 3, 2014 - Jun 8, 2018 | -0.64% May 29, 2026 - Jun 4, 2026 |
| #4 | -43.93% Nov 8, 2021 - Sep 10, 2025 | -0.35% May 7, 2026 - May 14, 2026 |
| #5 | -30.38% Sep 14, 2018 - Feb 18, 2020 | -0.31% Apr 30, 2026 - May 7, 2026 |
| #6 | -26.78% Jun 3, 2011 - Sep 12, 2012 | -0.29% May 21, 2026 - May 29, 2026 |
| #7 | -17.42% Apr 2, 2004 - Sep 13, 2004 | -0.26% May 14, 2026 - May 20, 2026 |
| #8 | -13.07% Oct 8, 2012 - Jan 25, 2013 | -0.24% Jul 1, 2024 - Jul 3, 2024 |
| #9 | -11.95% Feb 13, 2026 - Apr 9, 2026 | -0.23% Oct 25, 2024 - Nov 4, 2024 |
| #10 | -11.62% Dec 28, 2004 - Jul 14, 2005 | -0.23% Dec 23, 2024 - Jan 2, 2025 |
| #11 | -8.85% Feb 12, 2021 - Jun 11, 2021 | -0.21% Jan 15, 2026 - Jan 21, 2026 |
| #12 | -8.61% May 20, 2013 - Oct 11, 2013 | -0.21% Nov 11, 2024 - Nov 14, 2024 |
| #13 | -7.41% Sep 6, 2005 - Jan 10, 2006 | -0.21% Dec 16, 2024 - Dec 23, 2024 |
| #14 | -6.84% Mar 9, 2011 - May 27, 2011 | -0.19% Jul 10, 2025 - Jul 21, 2025 |
| #15 | -6.39% Nov 3, 2025 - Dec 24, 2025 | -0.19% Mar 26, 2026 - Mar 30, 2026 |
Correlation
Correlation between NCZ and USDX is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (2003 - 2026)
NCZ vs USDX dividend yield comparison.
| Year | NCZ | USDX |
|---|---|---|
| 2026 | 3.91% | 1.67% |
| 2025 | 10.45% | 5.88% |
| 2024 | 11.50% | 4.60% |
| 2023 | 12.84% | 0.00% |
| 2022 | 15.62% | 0.00% |
| 2021 | 8.82% | 0.00% |
| 2020 | 9.28% | 0.00% |
| 2019 | 11.28% | 0.00% |
| 2018 | 15.33% | 0.00% |
| 2017 | 13.80% | 0.00% |
| 2016 | 12.08% | 0.00% |
| 2015 | 18.02% | 0.00% |
| 2014 | 11.45% | 0.00% |
| 2013 | 11.36% | 0.00% |
| 2012 | 12.86% | 0.00% |
| 2011 | 12.96% | 0.00% |
| 2010 | 12.38% | 0.00% |
| 2009 | 12.41% | 0.00% |
| 2008 | 27.60% | 0.00% |
| 2007 | 12.97% | 0.00% |
| 2006 | 10.52% | 0.00% |
| 2005 | 12.68% | 0.00% |
| 2004 | 9.87% | 0.00% |
| 2003 | 3.76% | 0.00% |
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