Virtus Convertible & Income Fund II (NCZ) vs Invesco Municipal Income Opportunities (OIA)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Virtus Convertible & Income Fund II (NCZ) has outperformed Invesco Municipal Income Opportunities (OIA) over the past year, losing 1.0% versus a loss of 5.4%. Over five years, OIA leads with a -27.7% price change compared with -34.1% for NCZ. Virtus Convertible & Income Fund II is the larger company by market cap ($276.1 million vs $274.6 million), about 1.0 times the size.
On valuation, Virtus Convertible & Income Fund II trades at a lower trailing P/E (4.1x vs 30.2x for Invesco Municipal Income Opportunities). Invesco Municipal Income Opportunities pays a dividend yielding 6.09%, while Virtus Convertible & Income Fund II does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | NCZ | OIA |
|---|---|---|
| Share price | $14.51 | $5.73 |
| Market cap | $276.11M | $274.65M |
| 1-day change | +3.50% | 0.00% |
| YTD return | +1.74% | -4.66% |
| 1-year return | -0.99% | -5.45% |
| 5-year return | -34.12% | -27.74% |
| P/E ratio (TTM) | 4.08 | 30.16 |
| EPS (TTM) | $3.56 | $0.19 |
| Dividend yield | 10.27% | 6.09% |
| Annual dividend | $0.00 | $0.349 |
| 52-week high | $16.17 | $6.40 |
| 52-week low | $12.95 | $5.09 |
| Distance from 52-week high | -10.27% | -10.47% |
| Average volume | 64.43K | 163.87K |
| Shares outstanding | 19.03M | 47.93M |
| Sector | Finance | Finance |
| Industry | Finance Companies | Finance Companies |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Invesco Municipal Income Opportunities trades at a higher earnings multiple (30.2x vs 4.1x trailing P/E).
- Virtus Convertible & Income Fund II offers a meaningfully higher dividend yield (10.27% vs 6.09%).
About Virtus Convertible & Income Fund II
NCZ stock →Virtus Convertible & Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S.
Finance · Finance Companies
About Invesco Municipal Income Opportunities
OIA stock →Invesco Municipal Income Opportunities Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc., INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, INVESCO Asset Management (Japan) Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc., and Invesco Canada Ltd.
Finance · Finance Companies
NCZ vs OIA FAQ
Which is bigger, Virtus Convertible & Income Fund II or Invesco Municipal Income Opportunities?
Virtus Convertible & Income Fund II (NCZ) is larger, with a market capitalization of $276.11M compared with $274.65M for Invesco Municipal Income Opportunities (OIA).
Which stock has performed better over the past year, NCZ or OIA?
NCZ returned -0.99% over the past 12 months, compared with -5.45% for OIA (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NCZ or OIA?
NCZ has the lower trailing P/E at 4.1, versus 30.2 for OIA. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Virtus Convertible & Income Fund II or Invesco Municipal Income Opportunities?
Virtus Convertible & Income Fund II has the higher yield at 10.27%, compared with 6.09% for Invesco Municipal Income Opportunities.
Are Virtus Convertible & Income Fund II and Invesco Municipal Income Opportunities in the same industry?
Yes. Both are classified in the Finance Companies industry within the Finance sector.