Virtus Convertible & Income Fund II (NCZ) vs Runway Growth Finance (RWAY)
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 Runway Growth Finance (RWAY) over the past year, gaining 1.0% versus a loss of 34.9%. Virtus Convertible & Income Fund II is the larger company by market cap ($276.1 million vs $268.0 million), about 1.0 times the size. On valuation, Virtus Convertible & Income Fund II trades at a lower trailing P/E (4.1x vs 26.6x for Runway Growth Finance).
Runway Growth Finance pays a dividend yielding 20.64%, 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 | RWAY |
|---|---|---|
| Share price | $14.51 | $6.40 |
| Market cap | $276.11M | $268.01M |
| 1-day change | +3.50% | -1.01% |
| YTD return | +5.30% | -28.39% |
| 1-year return | +1.04% | -34.88% |
| 5-year return | -31.81% | — |
| P/E ratio (TTM) | 4.08 | 26.65 |
| Forward P/E | — | 4.77 |
| EPS (TTM) | $3.56 | $0.24 |
| Dividend yield | 10.27% | 20.64% |
| Annual dividend | $0.00 | $1.32 |
| 52-week high | $16.17 | $10.20 |
| 52-week low | $12.95 | $5.19 |
| Distance from 52-week high | -10.27% | -37.30% |
| Analyst consensus | — | none |
| Avg. price target upside | — | +25.72% |
| Average volume | 64.43K | 487.23K |
| Shares outstanding | 19.03M | 41.91M |
| Sector | Finance | Finance |
| Industry | Finance Companies | Finance: Consumer Services |
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
- NCZ has outperformed RWAY by 35.9 percentage points over the past year.
- Runway Growth Finance trades at a higher earnings multiple (26.6x vs 4.1x trailing P/E).
- Runway Growth Finance offers a meaningfully higher dividend yield (20.64% vs 10.27%).
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 Runway Growth Finance
RWAY stock →Runway Growth Finance Corp. is a business development company specializing investments in senior-secured loans to late stage and growth companies.
Finance · Finance: Consumer Services
NCZ vs RWAY FAQ
Which is bigger, Virtus Convertible & Income Fund II or Runway Growth Finance?
Virtus Convertible & Income Fund II (NCZ) is larger, with a market capitalization of $276.11M compared with $268.01M for Runway Growth Finance (RWAY).
Which stock has performed better over the past year, NCZ or RWAY?
NCZ returned +1.04% over the past 12 months, compared with -34.88% for RWAY (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NCZ or RWAY?
NCZ has the lower trailing P/E at 4.1, versus 26.6 for RWAY. 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 Runway Growth Finance?
Runway Growth Finance has the higher yield at 20.64%, compared with 10.27% for Virtus Convertible & Income Fund II.
Are Virtus Convertible & Income Fund II and Runway Growth Finance in the same industry?
Both are in the Finance sector, but in different industries: Finance Companies for Virtus Convertible & Income Fund II and Finance: Consumer Services for Runway Growth Finance.