AVK vs. EIC
AVK (Advent Convertible and Income Fund) is Convertible Bonds fund actively managed by Guggenheim, while EIC (Eagle Point Income Company Inc.) is a stock. Over the past 5 years, AVK returned 4.53%/yr vs 3.44%/yr for EIC. Their 0.21 correlation means their historical movements had little consistent relationship.
Performance
AVK vs. EIC - Performance Comparison
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Returns By Period
In the year-to-date period, AVK achieves a 5.36% return, which is significantly higher than EIC's -3.30% return.
AVK
- 1D
- 0.57%
- 1M
- -3.45%
- 6M
- 3.25%
- YTD
- 5.36%
- 1Y
- 13.71%
- 3Y*
- 14.79%
- 5Y*
- 4.53%
- 10Y*
- 10.05%
- ALL TIME*
- 6.90%
EIC
- 1D
- 0.10%
- 1M
- -1.30%
- 6M
- 0.14%
- YTD
- -3.30%
- 1Y
- -8.51%
- 3Y*
- 5.23%
- 5Y*
- 3.44%
- 10Y*
- —
- ALL TIME*
- 2.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.84M | $1.78M | $1.84M | |
| $949.58K | $1.05M | $1.01M |
AVK vs. EIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AVK Advent Convertible and Income Fund | 5.36% | 19.66% | 19.42% | 18.16% | -34.45% | 30.18% | 17.62% | 8.74% |
EIC Eagle Point Income Company Inc. | -3.30% | -15.28% | 24.02% | 20.86% | -10.48% | 28.01% | -14.41% | -2.31% |
Correlation
The correlation between AVK and EIC is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2019 | 0.21 |
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Return for Risk
AVK vs. EIC — Risk / Return Rank
AVK
EIC
AVK vs. EIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Advent Convertible and Income Fund (AVK) and Eagle Point Income Company Inc. (EIC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AVK | EIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.92 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | -0.36 | +1.25 |
| Martin ratioReturn relative to average drawdown | 4.02 | -0.63 | +4.65 |
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Drawdowns
AVK vs. EIC - Drawdown Comparison
The maximum AVK drawdown since its inception was -67.49%, roughly equal to the maximum EIC drawdown of -67.08%. Use the drawdown chart below to compare losses from any high point for AVK and EIC.
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Drawdown Indicators
| AVK | EIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.49% | -67.08% | -0.41% |
Max Drawdown (1Y)Largest decline over 1 year | -14.25% | -28.67% | +14.42% |
Max Drawdown (3Y)Largest decline over 3 years | -19.70% | -34.06% | +14.36% |
Max Drawdown (5Y)Largest decline over 5 years | -38.50% | -34.06% | -4.44% |
Max Drawdown (10Y)Largest decline over 10 years | -49.82% | — | — |
Current DrawdownCurrent decline from peak | -4.63% | -23.49% | +18.86% |
Average DrawdownAverage peak-to-trough decline | -11.64% | -12.50% | +0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 16.57% | -13.45% |
Volatility
AVK vs. EIC - Volatility Comparison
Advent Convertible and Income Fund (AVK) has a higher volatility of 5.06% compared to Eagle Point Income Company Inc. (EIC) at 4.52%. This indicates that AVK's price experiences larger fluctuations and is considered to be riskier than EIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVK | EIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 4.52% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 13.21% | 14.03% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.11% | 19.14% | -4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.75% | 20.29% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.65% | 37.12% | -14.47% |
Dividends
AVK vs. EIC - Dividend Comparison
AVK's dividend yield for the trailing twelve months is around 11.36%, less than EIC's 16.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVK Advent Convertible and Income Fund | 11.36% | 11.22% | 11.71% | 12.36% | 12.90% | 15.13% | 8.51% | 9.04% | 11.21% | 8.10% | 7.68% | 8.33% |
EIC Eagle Point Income Company Inc. | 16.96% | 17.35% | 15.44% | 13.59% | 11.03% | 7.78% | 10.39% | 3.65% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AVK and EIC have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVK has higher volatility (5.06%) compared to EIC (4.52%). In terms of maximum drawdown, AVK dropped -67.49% vs EIC's -67.08%.
AVK currently has the higher Sharpe Ratio (0.83 vs -0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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