NCV vs VOO
NCV vs VOO
Virtus Convertible & Income Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. NCV delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | NCV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.45% | 0.03% | |
| AUM | $418M | $979.0B | |
| Dividend Yield | 8.42% | 1.09% | |
| Holdings | 220 | 509 | |
| YTD Return | +18.35% | +13.11% | |
| 1Y Return | +31.59% | +22.88% | |
| 3Y Return (annualized) | +20.31% | +21.08% | |
| 5Y Return (annualized) | +4.30% | +13.26% | |
| Volatility (annualized) | 26.1% | 14.1% | |
| Max Drawdown | -84.8% | -34.3% | |
| Fund Family | Virtus Investment Partners | Vanguard (US) | |
| Category | Convertible | Equity | |
| Inception | Mar 31, 2003 | Sep 7, 2010 |
NCV vs VOO Performance
Virtus Convertible & Income Fund (NCV) is a ETF from Virtus Investment Partners and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year NCV returned +31.59% while VOO returned +22.88%. Year to date, NCV is up 18.35% versus a gain of 13.11% for VOO.
Over three years, NCV compounded at +20.31% per year against +21.08% for VOO; over five years the annualized figures are +4.30% and +13.26% respectively. Across the full 16-year window we track, VOO has the edge at +13.54% annualized vs -2.67%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NCV has been the more volatile fund, with annualized monthly volatility of 26.1% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -84.8% for NCV and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NCV charges 1.45% per year while VOO charges 0.03%. On a $10,000 position that is $145 vs $3 annually, a gap of $142 per year that compounds over a long holding period. On income, NCV currently yields 8.42% against 1.09% for VOO.
Holdings Overlap
NCV and VOO share 27 holdings out of 575 unique holdings combined, representing a 3.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in NCV | Weight in VOO | Difference |
|---|---|---|---|
| LITE | 3.80% | 0.10% | 3.70% |
| WDC | 2.64% | 0.34% | 2.30% |
| BA | 1.75% | 0.26% | 1.49% |
| NEE | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| LYV | Pro | Pro | Pro |
| ORCL | Pro | Pro | Pro |
| STX | Pro | Pro | Pro |
| PCG | Pro | Pro | Pro |
| SO | Pro | Pro | Pro |
See all 10 holdings NCV shares with VOO Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, NCV or VOO?
NCV has an expense ratio of 1.45% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $142 per year of difference.
Which performed better, NCV or VOO?
Over the past year NCV returned +31.59% vs +22.88% for VOO, so NCV leads on 1-year performance. Over the longest common window we track (16 years), NCV annualized -2.67% vs +13.54% for VOO. Past performance does not guarantee future results.
Which is riskier, NCV or VOO?
NCV has been the more volatile fund at 26.1% annualized versus 14.1% for VOO. Worst drawdown: NCV -84.8% vs VOO -34.3%.
Should I hold both NCV and VOO?
NCV and VOO have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NCV and VOO?
NCV and VOO share 27 common holdings with a 3.5% weight overlap. Combined, they hold 575 unique securities.
Which pays a higher dividend, NCV or VOO?
NCV yields 8.42% while VOO yields 1.09%, so NCV currently pays the higher dividend yield.
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