AVK vs. GOF
AVK (Advent Convertible and Income Fund) and GOF (Guggenheim Strategic Opportunities Fund) are both mutual funds - AVK is a Convertible Bonds fund actively managed by Guggenheim, while GOF is a Multisector Bonds fund actively managed by Guggenheim. Both are actively managed. Over the past 10 years, AVK returned 10.05%/yr vs 7.19%/yr for GOF. Their 0.36 correlation means their historical movements had little consistent relationship. AVK charges 0.75%/yr vs 1.89%/yr for GOF.
Performance
AVK vs. GOF - 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 GOF's -8.87% return. Over the past 10 years, AVK has outperformed GOF with an annualized return of 10.05%, while GOF has yielded a comparatively lower 7.19% annualized 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%
GOF
- 1D
- 0.00%
- 1M
- -2.74%
- 6M
- -9.44%
- YTD
- -8.87%
- 1Y
- -15.54%
- 3Y*
- 1.50%
- 5Y*
- 0.02%
- 10Y*
- 7.19%
- ALL TIME*
- 8.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.84M | $1.78M | $1.84M | |
| $12.95M | $14.31M | $15.46M |
AVK vs. GOF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVK Advent Convertible and Income Fund | 5.36% | 19.66% | 19.42% | 18.16% | -34.45% | 30.18% | 17.62% | 36.54% | -13.36% | 17.28% |
GOF Guggenheim Strategic Opportunities Fund | -8.87% | -1.92% | 38.04% | -3.04% | -5.78% | 4.90% | 21.51% | 10.51% | -5.95% | 22.01% |
Correlation
The correlation between AVK and GOF is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2007 | 0.36 |
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Return for Risk
AVK vs. GOF — Risk / Return Rank
AVK
GOF
AVK vs. GOF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Advent Convertible and Income Fund (AVK) and Guggenheim Strategic Opportunities Fund (GOF). 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 | GOF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.84 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | -0.68 | +1.56 |
| Martin ratioReturn relative to average drawdown | 4.02 | -1.12 | +5.14 |
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Drawdowns
AVK vs. GOF - Drawdown Comparison
The maximum AVK drawdown since its inception was -67.49%, which is greater than GOF's maximum drawdown of -54.66%. Use the drawdown chart below to compare losses from any high point for AVK and GOF.
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Drawdown Indicators
| AVK | GOF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.49% | -54.66% | -12.83% |
Max Drawdown (1Y)Largest decline over 1 year | -14.25% | -23.24% | +8.99% |
Max Drawdown (3Y)Largest decline over 3 years | -19.70% | -28.56% | +8.86% |
Max Drawdown (5Y)Largest decline over 5 years | -38.50% | -32.41% | -6.09% |
Max Drawdown (10Y)Largest decline over 10 years | -49.82% | -38.50% | -11.32% |
Current DrawdownCurrent decline from peak | -4.63% | -18.83% | +14.20% |
Average DrawdownAverage peak-to-trough decline | -11.64% | -7.15% | -4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 14.14% | -11.02% |
Volatility
AVK vs. GOF - Volatility Comparison
Advent Convertible and Income Fund (AVK) has a higher volatility of 5.06% compared to Guggenheim Strategic Opportunities Fund (GOF) at 2.66%. This indicates that AVK's price experiences larger fluctuations and is considered to be riskier than GOF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVK | GOF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 2.66% | +2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 13.21% | 10.62% | +2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.11% | 18.23% | -3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.75% | 18.18% | +1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.65% | 19.53% | +3.12% |
AVK vs. GOF - Expense Ratio Comparison
AVK has a 0.75% expense ratio, which is lower than GOF's 1.89% expense ratio.
Dividends
AVK vs. GOF - Dividend Comparison
AVK's dividend yield for the trailing twelve months is around 11.36%, less than GOF's 20.79% 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% |
GOF Guggenheim Strategic Opportunities Fund | 20.79% | 16.97% | 14.32% | 17.07% | 14.36% | 11.93% | 11.26% | 12.08% | 11.96% | 10.13% | 11.13% | 12.98% |
Frequently Asked Questions
AVK and GOF have a correlation of 0.38, 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 GOF (2.66%). In terms of maximum drawdown, AVK dropped -67.49% vs GOF's -54.66%.
AVK currently has the higher Sharpe Ratio (0.83 vs -0.87), 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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