NIE vs SHYM

Comparison between Virtus Equity & Convertible Income Fund (NIE, ETF) and iShares High Yield Muni Income Active ETF (SHYM, ETF).

5-Year PerformanceNIE has outperformed SHYM, delivering a return of +9.2% compared to +0.5%

NIE vs SHYM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NIE(ETF)	SHYM(ETF)
Net Assets	$804M	$801M
Expense Ratio	N/A	0.40%
Max Drawdown	63.84%	26.45%
Sharpe Ratio	1.09	0.30
5Y Beta	0.86	-0.05
5Y Dividends CAGR	11.38%	37.88%

Net Assets

Winner

NIE

$804M

SHYM

$801M

Expense Ratio

NIE

N/A

SHYM

0.40%

Max Drawdown

NIE

63.84%

Winner

SHYM

26.45%

Sharpe Ratio

Winner

NIE

1.09

SHYM

0.30

5Y Beta

NIE

0.86

Winner

SHYM

-0.05

5Y Dividends CAGR

NIE

11.38%

Winner

SHYM

37.88%

NIE vs SHYM - Historical Returns

Returns include dividend reinvestment.

Period	NIE	SHYM
1 month	-0.19%	+0.24%
3 months	-0.24%	+0.73%
6 months	+5.78%	+0.25%
1 year	+16.85%	+4.60%
5 years(CAGR)	+9.19%	+0.50%
10 years(CAGR)	+13.31%	N/A
Max(CAGR)	+9.32%	+1.75%

NIE

-0.19%

Winner

SHYM

+0.24%

NIE

-0.24%

Winner

SHYM

+0.73%

Winner

NIE

+5.78%

SHYM

+0.25%

Winner

NIE

+16.85%

SHYM

+4.60%

5Y(CAGR)

Winner

NIE

+9.19%

SHYM

+0.50%

10Y(CAGR)

NIE

+13.31%

SHYM

N/A

Max(CAGR)

Winner

NIE

+9.32%

SHYM

+1.75%

NIE vs SHYM - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	NIE	SHYM
2026	+7.98%	+1.70%
2025	+15.68%	+2.36%
2024	+30.10%	+7.19%
2023	+25.76%	+8.51%
2022	-27.06%	-15.84%
2021	+19.62%	+6.71%
2020	+32.12%	N/A
2019	+29.25%	N/A
2018	-6.49%	N/A
2017	+21.91%	N/A
2016	+12.12%	N/A
2015	-5.39%	N/A
2014	+13.87%	N/A
2013	+23.03%	N/A
2012	+11.55%	N/A
2011	-9.28%	N/A
2010	+16.88%	N/A
2009	+39.29%	N/A
2008	-37.43%	N/A
2007	-4.09%	N/A

NIE vs SHYM Drawdown Comparison

The maximum drawdown for NIE was -57.98%, occurring on Nov 20, 2008. Recovery took 855 trading sessions.

The maximum drawdown for SHYM was -22.55%, occurring on Oct 24, 2022. Recovery took 908 trading sessions.

The current NIE drawdown is -3.76%. The current SHYM drawdown is -1.08%.

Rank	NIE	SHYM
#1	-57.98% Jun 18, 2007 - Nov 5, 2010	-22.55% Jul 19, 2021 - Feb 28, 2025
#2	-39.10% Feb 19, 2020 - Jul 14, 2020	-8.06% Feb 28, 2025 - Jan 2, 2026
#3	-30.98% Dec 28, 2021 - Mar 26, 2024	-2.23% Feb 27, 2026 - May 29, 2026
#4	-24.95% Aug 29, 2018 - Jul 19, 2019	-1.56% Jul 6, 2026 - Jul 23, 2026
#5	-24.08% Apr 6, 2011 - Jan 23, 2013	-0.72% Jun 10, 2021 - Jul 2, 2021
#6	-20.78% Jan 22, 2025 - Jul 21, 2025	-0.27% Apr 15, 2021 - Apr 22, 2021
#7	-18.12% Nov 26, 2014 - Jul 8, 2016	-0.27% Jan 14, 2026 - Jan 27, 2026
#8	-10.51% Jul 10, 2024 - Oct 8, 2024	-0.18% Feb 4, 2026 - Feb 12, 2026
#9	-9.62% Jan 26, 2018 - Jun 5, 2018	-0.16% Jun 9, 2026 - Jun 15, 2026
#10	-9.59% Feb 17, 2021 - Apr 13, 2021	-0.13% Jun 4, 2026 - Jun 9, 2026
#11	-9.02% Jan 12, 2026 - Apr 14, 2026	-0.13% Apr 28, 2021 - May 5, 2021
#12	-8.31% May 21, 2013 - Sep 18, 2013	-0.12% May 6, 2021 - May 13, 2021
#13	-8.17% Aug 23, 2016 - Dec 20, 2016	-0.10% Mar 26, 2021 - Mar 30, 2021
#14	-7.75% Sep 2, 2020 - Oct 12, 2020	-0.09% Jun 16, 2026 - Jun 18, 2026
#15	-7.01% Sep 18, 2014 - Oct 31, 2014	-0.06% Jul 12, 2021 - Jul 14, 2021

Correlation

Correlation between NIE and SHYM is 0.82 which considered as a strong positive correlation - the stocks tend to move together.

0.82

-101

Dividend Comparison (2007 - 2026)

NIE vs SHYM dividend yield comparison.

Year	NIE	SHYM
2026	4.18%	2.41%
2025	10.14%	4.55%
2024	8.11%	4.35%
2023	9.56%	4.35%
2022	21.81%	4.01%
2021	10.86%	2.97%
2020	5.37%	0.00%
2019	6.71%	0.00%
2018	8.20%	0.00%
2017	7.19%	0.00%
2016	8.25%	0.00%
2015	8.46%	0.00%
2014	6.38%	0.00%
2013	6.97%	0.00%
2012	6.73%	0.00%
2011	7.18%	0.00%
2010	6.15%	0.00%
2009	6.76%	0.00%
2008	19.06%	0.00%
2007	7.56%	0.00%