NIE vs SPY
Comparison between Virtus Equity & Convertible Income Fund (NIE, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed NIE, delivering a return of +13.3% compared to +10.5%
NIE vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
NIE vs SPY - Historical Returns
Returns include dividend reinvestment.
NIE vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | NIE | SPY |
|---|---|---|
| 2026 | +7.91% | +8.26% |
| 2025 | +15.68% | +18.00% |
| 2024 | +30.10% | +25.59% |
| 2023 | +25.76% | +26.72% |
| 2022 | -27.06% | -18.64% |
| 2021 | +19.62% | +30.52% |
| 2020 | +32.12% | +17.28% |
| 2019 | +29.25% | +31.09% |
| 2018 | -6.49% | -5.24% |
| 2017 | +21.91% | +20.78% |
| 2016 | +12.12% | +13.59% |
| 2015 | -5.39% | +1.31% |
| 2014 | +13.87% | +14.56% |
| 2013 | +23.03% | +29.00% |
| 2012 | +11.55% | +14.17% |
| 2011 | -9.28% | +0.85% |
| 2010 | +16.88% | +13.14% |
| 2009 | +39.29% | +22.67% |
| 2008 | -37.43% | -36.25% |
| 2007 | -4.09% | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
NIE vs SPY Drawdown Comparison
The maximum drawdown for NIE was -57.98%, occurring on Nov 20, 2008. Recovery took 855 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current NIE drawdown is -2.62%. The current SPY drawdown is -2.90%.
| Rank | NIE | SPY |
|---|---|---|
| #1 | -57.98% Jun 18, 2007 - Nov 5, 2010 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -39.10% Feb 19, 2020 - Jul 14, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -30.98% Dec 28, 2021 - Mar 26, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -24.95% Aug 29, 2018 - Jul 19, 2019 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -24.08% Apr 6, 2011 - Jan 23, 2013 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -20.78% Jan 22, 2025 - Jul 21, 2025 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -18.12% Nov 26, 2014 - Jul 8, 2016 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -10.51% Jul 10, 2024 - Oct 8, 2024 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -9.62% Jan 26, 2018 - Jun 5, 2018 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -9.59% Feb 17, 2021 - Apr 13, 2021 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -9.02% Jan 12, 2026 - Apr 14, 2026 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.31% May 21, 2013 - Sep 18, 2013 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -8.17% Aug 23, 2016 - Dec 20, 2016 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -7.75% Sep 2, 2020 - Oct 12, 2020 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -7.01% Sep 18, 2014 - Oct 31, 2014 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between NIE and SPY is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
NIE vs SPY dividend yield comparison.
| Year | NIE | SPY |
|---|---|---|
| 2026 | 1.89% | 0.24% |
| 2025 | 10.14% | 1.07% |
| 2024 | 8.11% | 1.21% |
| 2023 | 9.56% | 1.40% |
| 2022 | 21.81% | 1.65% |
| 2021 | 10.86% | 1.20% |
| 2020 | 5.37% | 1.52% |
| 2019 | 6.71% | 1.75% |
| 2018 | 8.20% | 2.04% |
| 2017 | 7.19% | 1.80% |
| 2016 | 8.25% | 2.03% |
| 2015 | 8.46% | 2.06% |
| 2014 | 6.38% | 1.87% |
| 2013 | 6.97% | 1.81% |
| 2012 | 6.73% | 2.18% |
| 2011 | 7.18% | 2.05% |
| 2010 | 6.15% | 1.80% |
| 2009 | 6.76% | 1.95% |
| 2008 | 19.06% | 3.02% |
| 2007 | 7.56% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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