NCV vs VOO
Virtus Convertible & Income Fund vs Vanguard S&P 500 ETF
Which is better, NCV or VOO?
Convertibles against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NCV | VOO |
|---|---|---|
| Expense Ratio | 1.45% | 0.03%Best |
| AUM | $364M | $1.0T |
| Dividend Yield | 9.88% | 1.05% |
| Holdings | 220 | 519 |
| YTD Return | +5.85% | +12.11%Best |
| 1Y Return | +5.18% | +12.50%Best |
| 3Y Return (annualized) | +19.19% | +21.54%Best |
| 5Y Return (annualized) | +1.18% | +11.93%Best |
| Volatility (annualized) | 21.1% | 14.0%Best |
| Max Drawdown | -76.3% | -34.3%Best |
| $10,000 over 5 years | $10,604 | $17,568Best |
| Fund Family | Virtus Investment Partners | Vanguard (US) |
| Category | Convertible | Equity |
| Style | Convertibles | Large Cap Blend |
| Inception | Mar 31, 2003 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Nov 11, 2026 (16.2 years).
NCV vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
NCV vs VOO Performance
Virtus Convertible & Income Fund (NCV) is an ETF from Virtus Investment Partners and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year NCV returned +5.18% while VOO returned +12.50%. Year to date, NCV is up 5.85% versus a gain of 12.11% for VOO.
Over three years, NCV compounded at +19.19% per year against +21.54% for VOO; over five years the annualized figures are +1.18% and +11.93% respectively. Across the full 16-year window we track, VOO has the edge at +13.24% annualized vs -1.87%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NCV has been the more volatile fund, with annualized monthly volatility of 21.1% compared with 14.0% 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 -76.3% for NCV and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 9.88% against 1.05% for VOO.
Holdings Overlap
At least 6.3% of VOO's money is in holdings NCV also owns.
Stated as a floor: for NCV, our book for it covers 54.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
VOO and NCV share little of their money.
23 positions in common, counted across the 80 positions we hold weights for in NCV and 506 in VOO, against full books of 220 and 519.
Top Shared Holdings
| Stock | Weight in NCV | Weight in VOO | Difference |
|---|---|---|---|
| GOOGAlphabet Inc. C | 4.73% | 2.45% | 2.28% |
| AMDAdvanced Micro Devices Inc | 1.17% | 1.52% | 0.35% |
| LYVLive Nation Entertainment Inc. | 1.89% | 0.04% | 1.85% |
| DDOGDatadog Inc. Class A | 1.57% | 0.14% | 1.43% |
| LITELumentum Holdings Inc | 1.56% | 0.13% | 1.43% |
| HPEHewlett Packard Enterprise Co | 1.45% | 0.13% | 1.32% |
| SOSouthern Co. | 1.20% | 0.14% | 1.06% |
| HOODRobinhood Markets Inc - A | 1.18% | 0.14% | 1.04% |
| DASHDoordash Inc | 1.20% | 0.10% | 1.10% |
| WDCWestern Digital Corp. | 0.98% | 0.25% | 0.73% |
You are not choosing between two funds in isolation.
Whichever of NCV and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $142 a year on a $10,000 investment.
Which performed better, NCV or VOO?
Over the past year NCV returned +5.18% vs +12.50% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), NCV annualized -1.87% vs +13.24% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NCV or VOO?
NCV has been the more volatile fund at 21.1% annualized versus 14.0% for VOO. Worst drawdown: NCV -76.3% vs VOO -34.3%.
Should I hold both NCV and VOO?
NCV and VOO have a monthly-return correlation of 0.80, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between NCV and VOO?
At least 6.3% of VOO's money is in holdings NCV also owns. Our book for NCV is partial, so the real figure is this or higher. They hold 23 positions in common, counted across the 80 positions we hold weights for in NCV and 506 in VOO.
Which pays a higher dividend, NCV or VOO?
NCV yields 9.88% while VOO yields 1.05%, so NCV currently pays the higher dividend yield.
Is VOO better than NCV?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.