AVK vs. GIBIX
AVK (Advent Convertible and Income Fund) and GIBIX (Guggenheim Total Return Bond Fund) are both mutual funds - AVK is a Convertible Bonds fund actively managed by Guggenheim, while GIBIX is a Intermediate Core-Plus Bond fund managed by Guggenheim. Over the past 10 years, AVK returned 10.95%/yr vs 2.77%/yr for GIBIX. At a 0.07 correlation, their price movements are largely independent. AVK charges 0.75%/yr vs 0.50%/yr for GIBIX.
Performance
AVK vs. GIBIX - Performance Comparison
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Returns By Period
In the year-to-date period, AVK achieves a 8.20% return, which is significantly higher than GIBIX's 0.21% return. Over the past 10 years, AVK has outperformed GIBIX with an annualized return of 10.95%, while GIBIX has yielded a comparatively lower 2.77% annualized return.
AVK
- 1D
- -0.70%
- 1M
- 1.95%
- YTD
- 8.20%
- 6M
- 7.68%
- 1Y
- 22.95%
- 3Y*
- 18.52%
- 5Y*
- 4.90%
- 10Y*
- 10.95%
GIBIX
- 1D
- -0.34%
- 1M
- 0.68%
- YTD
- 0.21%
- 6M
- 0.69%
- 1Y
- 4.87%
- 3Y*
- 5.22%
- 5Y*
- 0.33%
- 10Y*
- 2.77%
AVK vs. GIBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVK Advent Convertible and Income Fund | 8.20% | 19.66% | 19.42% | 18.16% | -34.45% | 30.18% | 17.62% | 36.54% | -13.36% | 17.28% |
GIBIX Guggenheim Total Return Bond Fund | 0.21% | 8.22% | 3.18% | 7.45% | -16.38% | -0.58% | 14.94% | 4.45% | 0.89% | 6.50% |
Correlation
The correlation between AVK and GIBIX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.07 |
Over the past year, AVK and GIBIX have become more correlated (0.29) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
AVK vs. GIBIX — Risk / Return Rank
AVK
GIBIX
AVK vs. GIBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Advent Convertible and Income Fund (AVK) and Guggenheim Total Return Bond Fund (GIBIX). 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 | GIBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.73 | -0.11 |
| Martin ratioReturn relative to average drawdown | 7.81 | 5.12 | +2.68 |
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Drawdowns
AVK vs. GIBIX - Drawdown Comparison
The maximum AVK drawdown since its inception was -67.49%, which is greater than GIBIX's maximum drawdown of -21.44%. Use the drawdown chart below to compare losses from any high point for AVK and GIBIX.
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Drawdown Indicators
| AVK | GIBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.49% | -21.44% | -46.05% |
Max Drawdown (1Y)Largest decline over 1 year | -14.25% | -2.99% | -11.26% |
Max Drawdown (3Y)Largest decline over 3 years | -19.98% | -5.93% | -14.05% |
Max Drawdown (5Y)Largest decline over 5 years | -38.50% | -21.44% | -17.06% |
Max Drawdown (10Y)Largest decline over 10 years | -49.82% | -21.44% | -28.38% |
Current DrawdownCurrent decline from peak | -1.98% | -1.58% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -11.68% | -3.41% | -8.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 1.01% | +1.94% |
Volatility
AVK vs. GIBIX - Volatility Comparison
Advent Convertible and Income Fund (AVK) has a higher volatility of 4.42% compared to Guggenheim Total Return Bond Fund (GIBIX) at 1.23%. This indicates that AVK's price experiences larger fluctuations and is considered to be riskier than GIBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVK | GIBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 1.23% | +3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 3.00% | +9.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.28% | 3.95% | +10.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.75% | 5.84% | +13.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.62% | 4.78% | +17.84% |
AVK vs. GIBIX - Expense Ratio Comparison
AVK has a 0.75% expense ratio, which is higher than GIBIX's 0.50% expense ratio.
Dividends
AVK vs. GIBIX - Dividend Comparison
AVK's dividend yield for the trailing twelve months is around 10.96%, more than GIBIX's 5.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVK Advent Convertible and Income Fund | 10.96% | 11.22% | 11.71% | 12.36% | 12.90% | 15.13% | 8.51% | 9.04% | 11.21% | 8.10% | 7.68% | 8.33% |
GIBIX Guggenheim Total Return Bond Fund | 5.11% | 5.03% | 4.71% | 4.44% | 3.08% | 3.36% | 4.80% | 2.38% | 3.25% | 3.38% | 4.68% | 4.39% |
Frequently Asked Questions
AVK and GIBIX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVK has higher volatility (4.42%) compared to GIBIX (1.23%). In terms of maximum drawdown, AVK dropped -67.49% vs GIBIX's -21.44%.
AVK currently has the higher Sharpe Ratio (1.61 vs 1.31), 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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