AVK vs. CHI
Compare and contrast key facts about Advent Convertible and Income Fund (AVK) and Calamos Convertible Opportunities and Income Fund (CHI).
AVK is an actively managed fund by Guggenheim. It was launched on Apr 29, 2003. CHI is an actively managed fund by Calamos. It was launched on Jun 25, 1997.
Performance
AVK vs. CHI - Performance Comparison
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AVK vs. CHI - 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% |
CHI Calamos Convertible Opportunities and Income Fund | 4.22% | -2.15% | 27.23% | 9.49% | -23.31% | 20.31% | 33.82% | 35.66% | -12.67% | 22.70% |
Returns By Period
In the year-to-date period, AVK achieves a -8.46% return, which is significantly lower than CHI's 4.22% return. Over the past 10 years, AVK has underperformed CHI with an annualized return of 9.75%, while CHI has yielded a comparatively higher 11.58% 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%
CHI
- 1D
- 3.77%
- 1M
- -5.32%
- YTD
- 4.22%
- 6M
- 4.83%
- 1Y
- 24.71%
- 3Y*
- 11.78%
- 5Y*
- 4.03%
- 10Y*
- 11.58%
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AVK vs. CHI - Expense Ratio Comparison
AVK has a 0.75% expense ratio, which is lower than CHI's 0.88% expense ratio.
Return for Risk
AVK vs. CHI — Risk / Return Rank
AVK
CHI
AVK vs. CHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Advent Convertible and Income Fund (AVK) and Calamos Convertible Opportunities and Income Fund (CHI). 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 | CHI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.48 | 1.26 | -0.78 |
Sortino ratioReturn per unit of downside risk | 0.77 | 1.87 | -1.10 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.26 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.57 | 1.88 | -1.31 |
Martin ratioReturn relative to average drawdown | 2.56 | 7.45 | -4.89 |
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 | CHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 1.26 | -0.78 |
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 | 0.50 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.38 | -0.10 |
Correlation
The correlation between AVK and CHI is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AVK vs. CHI - Dividend Comparison
AVK's dividend yield for the trailing twelve months is around 12.60%, more than CHI's 10.61% 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% |
CHI Calamos Convertible Opportunities and Income Fund | 10.61% | 10.88% | 9.55% | 11.00% | 10.85% | 7.54% | 6.75% | 8.49% | 12.19% | 10.19% | 11.30% | 11.50% |
Drawdowns
AVK vs. CHI - Drawdown Comparison
The maximum AVK drawdown since its inception was -67.49%, roughly equal to the maximum CHI drawdown of -64.72%. Use the drawdown chart below to compare losses from any high point for AVK and CHI.
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Drawdown Indicators
| AVK | CHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.49% | -64.72% | -2.77% |
Max Drawdown (1Y)Largest decline over 1 year | -14.25% | -11.55% | -2.70% |
Max Drawdown (5Y)Largest decline over 5 years | -38.50% | -36.03% | -2.47% |
Max Drawdown (10Y)Largest decline over 10 years | -49.82% | -49.64% | -0.18% |
Current DrawdownCurrent decline from peak | -11.55% | -7.34% | -4.21% |
Average DrawdownAverage peak-to-trough decline | -11.78% | -9.73% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.91% | +0.24% |
Volatility
AVK vs. CHI - Volatility Comparison
Advent Convertible and Income Fund (AVK) and Calamos Convertible Opportunities and Income Fund (CHI) have volatilities of 7.71% and 7.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVK | CHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.71% | 7.85% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 13.49% | -2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.86% | 19.79% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.73% | 19.97% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.52% | 23.07% | -0.55% |