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 2 mutual funds in the Convertible Bonds category with lower expense ratios, going as low as 0.68%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Convertible Securities Fund | 0.68% | — | Jul 1997 | AVK vs CNSDX | |
| Virtus Convertible Fund | 0.71% | — | Apr 1993 | AVK vs ANNPX | |
| Lord Abbett Convertible Fund Class F3 | 0.82% | — | Jun 2003 | AVK vs LOCFX | |
| Franklin Convertible Securities Fund | 0.83% | — | Apr 1987 | AVK vs FISCX | |
| Lord Abbett Convertible Fund | 0.86% | — | Jun 2003 | AVK vs LCFYX |
Best Risk-Adjusted Alternatives to AVK
AVK has a PortfoliosLab risk / return rank of 33. There are 14 mutual funds in the Convertible Bonds category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Convertible Fund | 92 | — | Apr 1993 | AVK vs ANNPX | |
| Columbia Convertible Securities Fund | 89 | — | Sep 1987 | AVK vs PACIX | |
| Harbor Convertible Securities Fund | 88 | — | May 2011 | AVK vs HICSX | |
| Calamos Global Convertible Fund | 87 | — | Dec 2014 | AVK vs CXGCX | |
| Lord Abbett Convertible Fund Class F3 | 82 | — | Jun 2003 | AVK vs LOCFX |
Top Performing AVK Alternatives (YTD)
AVK is at 8.20% YTD. There are 13 mutual funds in the Convertible Bonds category with higher YTD returns, going as high as 29.12%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Convertible Opportunities and Income Fund | 29.12% | — | Jun 1997 | AVK vs CHI | |
| Columbia Convertible Securities Fund | 24.56% | — | Sep 1987 | AVK vs PACIX | |
| Invesco Convertible Securities Fund | 23.81% | — | Jul 1997 | AVK vs CNSDX | |
| Putnam Convertible Securities Fund | 23.04% | — | Jun 1972 | AVK vs PCONX | |
| Harbor Convertible Securities Fund | 22.34% | — | May 2011 | AVK vs HICSX |
Lowest Volatility Alternatives to AVK
AVK has 14.28% 1-year volatility. There are 4 mutual funds in the Convertible Bonds category with lower 1-year volatility, going as low as 5.31%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Miller Convertible Bond Fund | 5.31% | — | Dec 2007 | AVK vs MCIFX | |
| Rational/Pier 88 Convertible Securities Fund | 7.26% | — | Dec 2019 | AVK vs PBXIX | |
| Calamos Global Convertible Fund | 10.61% | — | Dec 2014 | AVK vs CXGCX | |
| Franklin Convertible Securities Fund | 11.03% | — | Apr 1987 | AVK vs FISCX | |
| Virtus Convertible Fund | 14.78% | — | Apr 1993 | AVK vs ANNPX |
Lowest Drawdown Alternatives to AVK
AVK has a 1-year max drawdown of -14.25%. There are 14 mutual funds in the Convertible Bonds category with shallower 1-year drawdowns, going as shallow as -4.53%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Miller Convertible Bond Fund | -4.53% | — | Dec 2007 | AVK vs MCIFX | |
| Rational/Pier 88 Convertible Securities Fund | -5.16% | — | Dec 2019 | AVK vs PBXIX | |
| Calamos Global Convertible Fund | -5.75% | — | Dec 2014 | AVK vs CXGCX | |
| Franklin Convertible Securities Fund | -6.38% | — | Apr 1987 | AVK vs FISCX | |
| Harbor Convertible Securities Fund | -6.92% | — | May 2011 | AVK vs HICSX |
Other Mutual Funds from Guggenheim
The 10 most viewed Guggenheim mutual funds shown here include GOF, RYOCX, GIBIX and span 12 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Guggenheim Strategic Opportunities Fund | Multisector Bonds, Diversified Portfolio, Actively Managed | 1 | -9.63% | — | Jul 2007 | AVK vs GOF | |
| Rydex NASDAQ-100 Fund Investor Class | Large Cap Growth Equities | 66 | 19.89% | — | Feb 1994 | AVK vs RYOCX | |
| Guggenheim Total Return Bond Fund | Intermediate Core-Plus Bond | 24 | 0.21% | — | Nov 2011 | AVK vs GIBIX | |
| Guggenheim Limited Duration Fund | Short-Term Bond | 86 | 0.69% | — | Dec 2013 | AVK vs GILHX | |
| Guggenheim Macro Opportunities Fund | Nontraditional Bonds | 71 | 0.79% | — | Nov 2011 | AVK vs GIOIX | |
| Guggenheim High Yield Fund | High Yield Bonds | 37 | 0.70% | — | Aug 1996 | AVK vs SIHAX | |
| Guggenheim Managed Futures Strategy Fund | Systematic Trend | 55 | 7.98% | — | Mar 2007 | AVK vs RYMTX | |
| Guggenheim StylePlus - Large Core Fund | Large Cap Blend Equities | 70 | 13.67% | — | Sep 1962 | AVK vs SECEX | |
| Guggenheim Core Bond Fund Institutional Class | Total Bond Market | 22 | 0.16% | — | — | AVK vs GIUSX | |
| Guggenheim StylePlus - Mid Growth Fund | Mid Cap Growth Equities | 26 | 16.03% | — | Sep 1969 | AVK vs SECUX |
Often Compared With AVK
Investors most often compare AVK with WESRX, ACV, BIPS.L. These 7 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| TETON Convertible Securities Fund | Convertible Bonds | 54 | 19.39% | — | Sep 1997 | AVK vs WESRX | |
| Virtus Diversified Income & Convertible Fund | Diversified Portfolio | 61 | 10.21% | — | May 2015 | AVK vs ACV | |
| Invesco Bond Income Plus Limited | 84 | 2.70% | — | — | AVK vs BIPS.L | ||
| Virtus Convertible and Income Fund II | Convertible Bonds | 76 | 18.78% | — | Jul 2003 | AVK vs NCZ | |
| High Income Securities Fund | Convertible Bonds | 1 | -6.03% | — | Jul 1987 | AVK vs PCF | |
| Calamos Convertible and High Income Closed Fund | Convertible Bonds | 77 | 22.15% | — | May 2003 | AVK vs CHY | |
| The Gabelli Convertible and Income Securities Fund... | Convertible Bonds | 82 | 17.75% | — | Jul 1989 | AVK vs GCV |
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