AVK vs. FSCO
AVK (Advent Convertible and Income Fund) is Convertible Bonds fund actively managed by Guggenheim, while FSCO (FS Credit Opportunities Corp.) is a stock. Over the past 3 years, AVK returned 14.79%/yr vs 11.66%/yr for FSCO. Their 0.24 correlation means their historical movements had little consistent relationship.
Performance
AVK vs. FSCO - 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 FSCO's -14.85% 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%
FSCO
- 1D
- -0.40%
- 1M
- 1.20%
- 6M
- -12.54%
- YTD
- -14.85%
- 1Y
- -24.26%
- 3Y*
- 11.66%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.84M | $1.78M | $1.84M | |
| $4.16M | $4.36M | $5.06M |
AVK vs. FSCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AVK Advent Convertible and Income Fund | 5.36% | 19.66% | 19.42% | 18.16% | -8.13% |
FSCO FS Credit Opportunities Corp. | -14.85% | 3.68% | 34.88% | 36.98% | -3.98% |
Correlation
The correlation between AVK and FSCO is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2022 | 0.24 |
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Return for Risk
AVK vs. FSCO — Risk / Return Rank
AVK
FSCO
AVK vs. FSCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Advent Convertible and Income Fund (AVK) and FS Credit Opportunities Corp. (FSCO). 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 | FSCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.85 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | -0.69 | +1.57 |
| Martin ratioReturn relative to average drawdown | 4.02 | -1.20 | +5.22 |
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Drawdowns
AVK vs. FSCO - Drawdown Comparison
The maximum AVK drawdown since its inception was -67.49%, which is greater than FSCO's maximum drawdown of -35.53%. Use the drawdown chart below to compare losses from any high point for AVK and FSCO.
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Drawdown Indicators
| AVK | FSCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.49% | -35.53% | -31.96% |
Max Drawdown (1Y)Largest decline over 1 year | -14.25% | -35.53% | +21.28% |
Max Drawdown (3Y)Largest decline over 3 years | -19.70% | -35.53% | +15.83% |
Max Drawdown (5Y)Largest decline over 5 years | -38.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.82% | — | — |
Current DrawdownCurrent decline from peak | -4.63% | -25.65% | +21.02% |
Average DrawdownAverage peak-to-trough decline | -11.64% | -8.70% | -2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 20.18% | -17.06% |
Volatility
AVK vs. FSCO - Volatility Comparison
Advent Convertible and Income Fund (AVK) has a higher volatility of 5.06% compared to FS Credit Opportunities Corp. (FSCO) at 3.72%. This indicates that AVK's price experiences larger fluctuations and is considered to be riskier than FSCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVK | FSCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 3.72% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 13.21% | 22.49% | -9.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.11% | 27.60% | -12.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.75% | 27.86% | -8.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.65% | 27.86% | -5.21% |
Dividends
AVK vs. FSCO - Dividend Comparison
AVK's dividend yield for the trailing twelve months is around 11.36%, less than FSCO's 15.48% 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% |
FSCO FS Credit Opportunities Corp. | 15.48% | 12.65% | 10.47% | 11.26% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AVK and FSCO have a correlation of 0.28, 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 FSCO (3.72%). In terms of maximum drawdown, AVK dropped -67.49% vs FSCO's -35.53%.
AVK currently has the higher Sharpe Ratio (0.83 vs -0.88), 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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