- ISIN
- US00764C1099
- CUSIP
- 00764C109
- Issuer
- Guggenheim
- Inception Date
- Apr 29, 2003
- Category
- Convertible Bonds
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
AVK Performance Chart
Advent Convertible and Income Fund (AVK) is up 9.0% since the beginning of the year. AVK is currently trading at $13 per share. Investors who bought $1,000 worth of AVK shares 5 years ago would now be looking at an investment worth $1,284.
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Returns By Period
Advent Convertible and Income Fund (AVK) has returned 8.96% so far this year and 24.35% over the past 12 months. Over the last ten years, AVK has returned 11.03% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Advent Convertible and Income Fund
- 1D
- 0.00%
- 1M
- 2.67%
- YTD
- 8.96%
- 6M
- 8.96%
- 1Y
- 24.35%
- 3Y*
- 18.80%
- 5Y*
- 5.13%
- 10Y*
- 11.03%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
AVK Monthly Returns History
Based on dividend-adjusted daily data since Apr 30, 2003, AVK's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, an investment would double in approximately 7.6 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +17.8%, while the worst month was Mar 2020 at -25.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, AVK closed higher 53% of trading days. The best single day was Mar 19, 2020 with a return of +20.7%, while the worst single day was Mar 18, 2020 at -23.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.04% | -0.34% | -9.99% | 13.07% | 5.52% | -0.24% | 8.96% | ||||||
| 2025 | 4.77% | -1.19% | -2.52% | -2.51% | 5.45% | 5.33% | 2.55% | 2.17% | 3.69% | 2.49% | -1.55% | -0.09% | 19.66% |
| 2024 | 3.78% | 2.12% | 2.00% | -2.14% | 3.95% | 1.06% | 8.85% | 0.23% | -4.59% | -4.24% | 10.52% | -2.45% | 19.42% |
| 2023 | 16.46% | -2.30% | -4.03% | 2.66% | -5.26% | 7.44% | 3.07% | -3.90% | -6.84% | -8.59% | 10.99% | 10.61% | 18.16% |
| 2022 | -9.54% | -4.73% | 0.61% | -7.32% | -0.91% | -14.01% | 13.47% | -2.39% | -18.25% | 11.38% | 5.12% | -9.69% | -34.45% |
| 2021 | 1.12% | 4.37% | 3.43% | 4.86% | 6.56% | -0.53% | 0.28% | -0.19% | -5.09% | 7.62% | -6.25% | 11.95% | 30.18% |
Benchmark Metrics
Advent Convertible and Income Fund has an annualized alpha of 1.28%, beta of 0.75, and R2 of 0.39 versus S&P 500 Index. Calculated based on daily prices since April 30, 2003.
- This fund participated in 120.29% of S&P 500 Index downside but only 109.39% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.39 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.28%
- Beta
- 0.75
- R²
- 0.39
- Upside Capture
- 109.39%
- Downside Capture
- 120.29%
Expense Ratio
AVK has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
AVK ranks 36 for risk / return — below 36% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Advent Convertible and Income Fund (AVK) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AVK | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.78 | -1.07 |
| Martin ratioReturn relative to average drawdown | 8.29 | 12.44 | -4.15 |
Dividends
Dividend History
Advent Convertible and Income Fund provided a 10.89% dividend yield over the last twelve months, with an annual payout of $1.41 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.41 | $1.41 | $1.38 | $1.37 | $1.37 | $2.72 | $1.37 | $1.37 | $1.37 | $1.25 | $1.10 | $1.10 |
Dividend yield | 10.89% | 11.22% | 11.71% | 12.36% | 12.90% | 15.13% | 8.51% | 9.04% | 11.21% | 8.10% | 7.68% | 8.33% |
Monthly Dividends
The table displays the monthly dividend distributions for Advent Convertible and Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.70 | ||||||
| 2025 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $1.41 |
| 2024 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.12 | $0.12 | $0.12 | $1.38 |
| 2023 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $1.37 |
| 2022 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $1.37 |
| 2021 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $1.47 | $2.72 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Advent Convertible and Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Advent Convertible and Income Fund was 67.49%, occurring on Dec 15, 2008. Recovery took 553 trading sessions.
The current Advent Convertible and Income Fund drawdown is 1.29%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -67.49%Dec 2008 | 1y 5mo | 2y 2mo | 3y 7moJul 2007 - Feb 2011 |
COVID crash2020 | -49.82%Mar 2020 | 26d | 8mo 4d | 9moFeb 2020 - Nov 2020 |
Bear market2022 | -38.50%Oct 2022 | 9mo 14d | 2y 8mo | 3y 5moJan 2022 - Jun 2025 |
2016 bear market2016 | -36.54%Feb 2016 | 1y 5mo | 1y 2mo | 2y 8moAug 2014 - May 2017 |
2011 bear market2011 | -31.13%Oct 2011 | 7mo 1d | 1y 6mo | 2y 1moMar 2011 - Apr 2013 |
Drawdown Indicators
| AVK | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.49% | -56.78% | -10.71% |
Max Drawdown (1Y)Largest decline over 1 year | -14.25% | -9.10% | -5.15% |
Max Drawdown (3Y)Largest decline over 3 years | -19.98% | -18.90% | -1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -38.50% | -25.43% | -13.07% |
Max Drawdown (10Y)Largest decline over 10 years | -49.82% | -33.92% | -15.90% |
Current DrawdownCurrent decline from peak | -1.29% | -1.80% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -11.68% | -10.71% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.03% | +0.92% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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