NCV vs VTI
NCV vs VTI
Virtus Convertible & Income Fund vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. NCV delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | NCV | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 1.45% | 0.03% | |
| AUM | $418M | $663.5B | |
| Dividend Yield | 8.42% | 1.07% | |
| Holdings | 220 | 3,543 | |
| YTD Return | +18.35% | +13.39% | |
| 1Y Return | +31.59% | +23.21% | |
| 3Y Return (annualized) | +20.31% | +20.65% | |
| 5Y Return (annualized) | +4.30% | +12.18% | |
| Volatility (annualized) | 26.1% | 15.3% | |
| Max Drawdown | -84.8% | -56.6% | |
| Fund Family | Virtus Investment Partners | Vanguard (US) | |
| Category | Convertible | Equity | |
| Inception | Mar 31, 2003 | May 24, 2001 |
NCV vs VTI Performance
Virtus Convertible & Income Fund (NCV) is a ETF from Virtus Investment Partners and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year NCV returned +31.59% while VTI returned +23.21%. Year to date, NCV is up 18.35% versus a gain of 13.39% for VTI.
Over three years, NCV compounded at +20.31% per year against +20.65% for VTI; over five years the annualized figures are +4.30% and +12.18% respectively. Across the full 23-year window we track, VTI has the edge at +8.11% 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 15.3% for VTI. 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 -56.6% for VTI. 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NCV charges 1.45% per year while VTI 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 1.07% for VTI.
Holdings Overlap
NCV and VTI share 77 holdings out of 2803 unique holdings combined, representing a 4.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in NCV | Weight in VTI | Difference |
|---|---|---|---|
| LITE | 3.80% | 0.09% | 3.71% |
| WDC | 2.64% | 0.30% | 2.34% |
| BA | 1.75% | 0.23% | 1.52% |
| NEE | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| LYV | Pro | Pro | Pro |
| NET | Pro | Pro | Pro |
| HALO | Pro | Pro | Pro |
| ORCL | Pro | Pro | Pro |
| PCG | Pro | Pro | Pro |
See all 10 holdings NCV shares with VTI 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 VTI?
NCV has an expense ratio of 1.45% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $142 per year of difference.
Which performed better, NCV or VTI?
Over the past year NCV returned +31.59% vs +23.21% for VTI, so NCV leads on 1-year performance. Over the longest common window we track (23 years), NCV annualized -2.67% vs +8.11% for VTI. Past performance does not guarantee future results.
Which is riskier, NCV or VTI?
NCV has been the more volatile fund at 26.1% annualized versus 15.3% for VTI. Worst drawdown: NCV -84.8% vs VTI -56.6%.
Should I hold both NCV and VTI?
NCV and VTI have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NCV and VTI?
NCV and VTI share 77 common holdings with a 4.0% weight overlap. Combined, they hold 2803 unique securities.
Which pays a higher dividend, NCV or VTI?
NCV yields 8.42% while VTI yields 1.07%, so NCV currently pays the higher dividend yield.
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