NCV vs VXUS
NCV vs VXUS
Virtus Convertible & Income Fund vs Vanguard Total International Stock ETF
Quick Verdict
VXUS has a lower expense ratio. NCV delivered stronger 1-year returns. VXUS offers more diversification with 7861 holdings.
Side-by-Side Comparison
| Metric | NCV | VXUS | Winner |
|---|---|---|---|
| Expense Ratio | 1.45% | 0.05% | |
| AUM | $418M | $156.5B | |
| Dividend Yield | 8.42% | 2.60% | |
| Holdings | 220 | 8,747 | |
| YTD Return | +19.59% | +14.57% | |
| 1Y Return | +31.88% | +27.82% | |
| 3Y Return (annualized) | +21.20% | +19.27% | |
| 5Y Return (annualized) | +4.52% | +9.28% | |
| Volatility (annualized) | 26.1% | 15.1% | |
| Max Drawdown | -84.8% | -39.9% | |
| Fund Family | Virtus Investment Partners | Vanguard (US) | |
| Category | Convertible | Equity | |
| Inception | Mar 31, 2003 | Jan 26, 2011 |
NCV vs VXUS Performance
Virtus Convertible & Income Fund (NCV) is a ETF from Virtus Investment Partners and Vanguard Total International Stock ETF (VXUS) is a ETF from Vanguard (US). Over the past year NCV returned +31.88% while VXUS returned +27.82%. Year to date, NCV is up 19.59% versus a gain of 14.57% for VXUS.
Over three years, NCV compounded at +21.20% per year against +19.27% for VXUS; over five years the annualized figures are +4.52% and +9.28% respectively. Across the full 16-year window we track, VXUS has the edge at +4.86% annualized vs -2.63%. 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 15.1% for VXUS. 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 -39.9% for VXUS. 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NCV charges 1.45% per year while VXUS charges 0.05%. On a $10,000 position that is $145 vs $5 annually, a gap of $140 per year that compounds over a long holding period. On income, NCV currently yields 8.42% against 2.60% for VXUS.
Holdings Overlap
NCV and VXUS share 5 holdings out of 7953 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in NCV | Weight in VXUS | Difference |
|---|---|---|---|
| 9988:HK | 0.57% | 0.73% | 0.16% |
| ORCL | 0.87% | 0.00% | 0.87% |
| BILL | 0.47% | 0.00% | 0.47% |
| GLXY | Pro | Pro | Pro |
| NVMI:IL | Pro | Pro | Pro |
See all 5 holdings NCV shares with VXUS 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 VXUS?
NCV has an expense ratio of 1.45% while VXUS charges 0.05%. VXUS is the cheaper option. On a $10,000 investment, that is $140 per year of difference.
Which performed better, NCV or VXUS?
Over the past year NCV returned +31.88% vs +27.82% for VXUS, so NCV leads on 1-year performance. Over the longest common window we track (16 years), NCV annualized -2.63% vs +4.86% for VXUS. Past performance does not guarantee future results.
Which is riskier, NCV or VXUS?
NCV has been the more volatile fund at 26.1% annualized versus 15.1% for VXUS. Worst drawdown: NCV -84.8% vs VXUS -39.9%.
Should I hold both NCV and VXUS?
NCV and VXUS have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NCV and VXUS?
NCV and VXUS share 5 common holdings with a 0.6% weight overlap. Combined, they hold 7953 unique securities.
Which pays a higher dividend, NCV or VXUS?
NCV yields 8.42% while VXUS yields 2.60%, so NCV currently pays the higher dividend yield.
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