AVK vs. BIPS.L
Compare and contrast key facts about Advent Convertible and Income Fund (AVK) and Invesco Bond Income Plus Limited (BIPS.L).
AVK is an actively managed fund by Guggenheim. It was launched on Apr 29, 2003.
Performance
AVK vs. BIPS.L - Performance Comparison
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AVK vs. BIPS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVK Advent Convertible and Income Fund | -8.46% | 19.66% | 19.42% | 18.16% | -34.45% | 30.18% | 17.62% | 36.54% | -13.36% | 17.28% |
BIPS.L Invesco Bond Income Plus Limited | -1.92% | 16.20% | 7.02% | 16.35% | -15.27% | 3.24% | 4.92% | 2,466.91% | -12.83% | 20.40% |
Different Trading Currencies
AVK is traded in USD, while BIPS.L is traded in GBp. To make them comparable, the BIPS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AVK achieves a -8.46% return, which is significantly lower than BIPS.L's -1.92% return. Over the past 10 years, AVK has underperformed BIPS.L with an annualized return of 9.75%, while BIPS.L has yielded a comparatively higher 42.35% annualized return.
AVK
- 1D
- 3.14%
- 1M
- -9.99%
- YTD
- -8.46%
- 6M
- -7.73%
- 1Y
- 8.54%
- 3Y*
- 12.28%
- 5Y*
- 3.77%
- 10Y*
- 9.75%
BIPS.L
- 1D
- 0.06%
- 1M
- -4.07%
- YTD
- -1.92%
- 6M
- -0.66%
- 1Y
- 9.36%
- 3Y*
- 11.90%
- 5Y*
- 4.08%
- 10Y*
- 42.35%
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Return for Risk
AVK vs. BIPS.L — Risk / Return Rank
AVK
BIPS.L
AVK vs. BIPS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Advent Convertible and Income Fund (AVK) and Invesco Bond Income Plus Limited (BIPS.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AVK | BIPS.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.48 | 0.85 | -0.37 |
Sortino ratioReturn per unit of downside risk | 0.77 | 1.22 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.17 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.57 | 1.37 | -0.80 |
Martin ratioReturn relative to average drawdown | 2.56 | 4.82 | -2.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVK | BIPS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 0.85 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.20 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.07 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.05 | +0.23 |
Correlation
The correlation between AVK and BIPS.L is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
AVK vs. BIPS.L - Dividend Comparison
AVK's dividend yield for the trailing twelve months is around 12.60%, more than BIPS.L's 7.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVK Advent Convertible and Income Fund | 12.60% | 11.22% | 11.71% | 12.36% | 12.90% | 15.13% | 8.51% | 9.04% | 11.21% | 8.10% | 7.68% | 8.33% |
BIPS.L Invesco Bond Income Plus Limited | 7.14% | 7.00% | 6.61% | 6.73% | 6.70% | 5.61% | 5.27% | 98.33% | 5.71% | 5.01% | 5.24% | 5.53% |
Drawdowns
AVK vs. BIPS.L - Drawdown Comparison
The maximum AVK drawdown since its inception was -67.49%, roughly equal to the maximum BIPS.L drawdown of -67.21%. Use the drawdown chart below to compare losses from any high point for AVK and BIPS.L.
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Drawdown Indicators
| AVK | BIPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.49% | -54,066,487.21% | +54,066,419.72% |
Max Drawdown (1Y)Largest decline over 1 year | -14.25% | -3.76% | -10.49% |
Max Drawdown (5Y)Largest decline over 5 years | -38.50% | -23.39% | -15.11% |
Max Drawdown (10Y)Largest decline over 10 years | -49.82% | -38.38% | -11.44% |
Current DrawdownCurrent decline from peak | -11.55% | -52,759,049.68% | +52,759,038.13% |
Average DrawdownAverage peak-to-trough decline | -11.78% | -13,330,527.04% | +13,330,515.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 0.78% | +2.37% |
Volatility
AVK vs. BIPS.L - Volatility Comparison
Advent Convertible and Income Fund (AVK) has a higher volatility of 7.71% compared to Invesco Bond Income Plus Limited (BIPS.L) at 2.39%. This indicates that AVK's price experiences larger fluctuations and is considered to be riskier than BIPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVK | BIPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.71% | 2.39% | +5.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 5.79% | +4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.86% | 10.92% | +6.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.73% | 20.22% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.52% | 631.11% | -608.59% |