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Advent Convertible and Income Fund (AVK) Sharpe Ratio: 1.61

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

the fund primarily invests in U.S. fixed income markets, with about 60% of its portfolio in convertible securities and the remainder in lower-grade non-convertible income securities, employing fundamental analysis to select investments.

AVK's Sharpe Ratio of 1.61 indicates that for each unit of volatility, it generates 1.61 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

AVK Sharpe Ratio Rank

AVK Sharpe Ratio Rank: 36.436
Below Average

AVK ranks above 36.4% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

AVK Sharpe Ratio Market Positioning

The chart shows AVK's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.30 or lower
  • Yellow zone (middle 50%): 1.30 to 2.32
  • Green zone (top 25%): 2.32 or higher
  • Top 1%: 4.28+
  • Median: 1.93 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Advent Convertible and Income Fund's Sharpe Ratio with other mutual funds in the Convertible Bonds category across multiple time periods, showing how AVK's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
ANNPXVirtus Convertible Fund3.02
PACIXColumbia Convertible Securities Fund2.82
CXGCXCalamos Global Convertible Fund2.69
HICSXHarbor Convertible Securities Fund2.69
MCIFXMiller Convertible Bond Fund2.59
CHICalamos Convertible Opportunities and Income Fund2.48
LOCFXLord Abbett Convertible Fund Class F32.47
LCFYXLord Abbett Convertible Fund2.46
CHYCalamos Convertible and High Income Closed Fund2.38
CNSDXInvesco Convertible Securities Fund2.36
AVKAdvent Convertible and Income Fund1.61

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows AVK's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when AVK consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does AVK fit in your portfolio?

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