Advent Convertible and Income Fund (AVK) belongs to the Convertible Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with AVK. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AVK
AVK charges 0.75% annually. There are 5 mutual funds in the Convertible Bonds category with lower expense ratios, going as low as 0.59%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Advisor Convertible Securities Fund Class... | 0.59% | — | Oct 2018 | AVK vs FIQVX | |
| Fidelity Convertible Securities Fund | 0.67% | — | Jan 1987 | AVK vs FCVSX | |
| Invesco Convertible Securities Fund | 0.68% | — | Jul 1997 | AVK vs CNSDX | |
| Fidelity Advisor Convertible Securities Fund Class... | 0.70% | — | Feb 2009 | AVK vs FICVX | |
| Virtus Convertible Fund | 0.71% | — | Apr 1993 | AVK vs ANNPX |
Best Risk-Adjusted Alternatives to AVK
AVK has a PortfoliosLab risk / return rank of 23. There are 27 mutual funds in the Convertible Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | AVK vs ARBIX | |
| Miller Convertible Bond Fund | 92 | — | Dec 2007 | AVK vs MCIFX | |
| Calamos Global Convertible Fund | 85 | — | Dec 2014 | AVK vs CXGCX | |
| Calamos Convertible Opportunities and Income Fund | 82 | — | Jun 1997 | AVK vs CHI | |
| Virtus Convertible Fund | 78 | — | Apr 1993 | AVK vs ANNPX |
Top Performing AVK Alternatives (YTD)
AVK is at 5.36% YTD. There are 25 mutual funds in the Convertible Bonds category with higher YTD returns, going as high as 25.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Convertible Opportunities and Income Fund | 25.35% | — | Jun 1997 | AVK vs CHI | |
| Calamos Convertible Fund | 17.72% | — | Jun 1997 | AVK vs CICVX | |
| Calamos Convertible Fund | 17.57% | — | Jun 1985 | AVK vs CCVIX | |
| Columbia Convertible Securities Fund | 16.64% | — | Sep 1987 | AVK vs PACIX | |
| Calamos Convertible and High Income Closed Fund | 16.46% | — | May 2003 | AVK vs CHY |
Lowest Volatility Alternatives to AVK
AVK has 15.11% 1-year volatility. There are 8 mutual funds in the Convertible Bonds category with lower 1-year volatility, going as low as 1.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.25% | — | Aug 2017 | AVK vs ARBIX | |
| Miller Convertible Bond Fund | 5.37% | — | Dec 2007 | AVK vs MCIFX | |
| Victory INCORE Investment Grade Convertible Fund C... | 6.42% | — | — | AVK vs SBFCX | |
| Lazard Enhanced Opportunities Portfolio Open Share... | 6.60% | — | Dec 2014 | AVK vs LEOOX | |
| Rational/Pier 88 Convertible Securities Fund | 7.20% | — | Dec 2019 | AVK vs PBXIX |
Lowest Drawdown Alternatives to AVK
AVK has a 1-year max drawdown of -14.25%. There are 27 mutual funds in the Convertible Bonds category with shallower 1-year drawdowns, going as shallow as -0.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | AVK vs ARBIX | |
| Lazard Enhanced Opportunities Portfolio Open Share... | -3.97% | — | Dec 2014 | AVK vs LEOOX | |
| Victory INCORE Investment Grade Convertible Fund C... | -4.28% | — | — | AVK vs SBFCX | |
| Miller Convertible Bond Fund | -4.53% | — | Dec 2007 | AVK vs MCIFX | |
| Rational/Pier 88 Convertible Securities Fund | -5.16% | — | Dec 2019 | AVK vs PBXIX |
Other Mutual Funds from Guggenheim
The 10 most viewed Guggenheim mutual funds shown here include GOF, RYOCX, GIBIX and span 11 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Guggenheim Strategic Opportunities Fund | Multisector Bonds, Diversified Portfolio, Actively Managed | 0 | -8.87% | — | Jul 2007 | AVK vs GOF | |
| Rydex NASDAQ-100 Fund Investor Class | Large Cap Growth Equities | 35 | 10.92% | — | Feb 1994 | AVK vs RYOCX | |
| Guggenheim Total Return Bond Fund | Intermediate Core-Plus Bond | 27 | -0.49% | — | Nov 2011 | AVK vs GIBIX | |
| Guggenheim Limited Duration Fund | Short-Term Bond | 94 | 1.08% | — | Dec 2013 | AVK vs GILHX | |
| Guggenheim Macro Opportunities Fund | Nontraditional Bonds | 79 | 0.67% | — | Nov 2011 | AVK vs GIOIX | |
| Guggenheim High Yield Fund | High Yield Bonds | 45 | 0.68% | — | Aug 1996 | AVK vs SIHAX | |
| Guggenheim Directional Allocation Fund | Large Cap Growth Equities | 57 | 8.52% | — | Jun 2012 | AVK vs TVRIX | |
| Guggenheim StylePlus - Large Core Fund | Large Cap Blend Equities | 54 | 10.23% | — | Sep 1962 | AVK vs SECEX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy H | Leveraged Equities | 27 | 16.20% | — | Nov 2014 | AVK vs RMQHX | |
| Guggenheim Managed Futures Strategy Fund | Systematic Trend | 56 | 5.49% | — | Mar 2007 | AVK vs RYMTX |
Often Compared With AVK
Investors most often compare AVK with WESRX, ACV, HICSX. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare AVK with Any Fund or Stock
Compare AVK with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AVK with funds that move differently
Advent Convertible and Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AVK.
Explore AVK Diversifiers