BGB vs. ACV
BGB (Blackstone GSO Strategic Credit Closed Fund) and ACV (Virtus Diversified Income & Convertible Fund) are both mutual funds - BGB is a High Yield Bonds fund actively managed by Blackstone, while ACV is a Diversified Portfolio fund actively managed by Virtus. Both are actively managed. Over the past 10 years, BGB returned 6.12%/yr vs 15.77%/yr for ACV. Their 0.38 correlation means their historical movements had little consistent relationship. BGB charges 2.36%/yr vs 2.69%/yr for ACV.
Performance
BGB vs. ACV - Performance Comparison
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Returns By Period
In the year-to-date period, BGB achieves a -1.21% return, which is significantly lower than ACV's 6.59% return. Over the past 10 years, BGB has underperformed ACV with an annualized return of 6.12%, while ACV has yielded a comparatively higher 15.77% annualized return.
BGB
- 1D
- 0.00%
- 1M
- -0.66%
- 6M
- -1.21%
- YTD
- -1.21%
- 1Y
- -2.25%
- 3Y*
- 9.67%
- 5Y*
- 4.65%
- 10Y*
- 6.12%
- ALL TIME*
- 4.25%
ACV
- 1D
- 0.34%
- 1M
- -3.99%
- 6M
- -0.18%
- YTD
- 6.59%
- 1Y
- 32.05%
- 3Y*
- 20.43%
- 5Y*
- 8.76%
- 10Y*
- 15.77%
- ALL TIME*
- 12.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $695.16K | $621.52K | $614.41K | |
| $1.47M | $1.35M | $1.36M |
BGB vs. ACV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGB Blackstone GSO Strategic Credit Closed Fund | -1.21% | 4.80% | 18.69% | 19.50% | -16.06% | 15.41% | -4.69% | 17.07% | -5.21% | 10.09% |
ACV Virtus Diversified Income & Convertible Fund | 6.59% | 33.70% | 15.39% | 25.96% | -35.98% | 24.45% | 45.80% | 44.15% | -7.01% | 27.95% |
Correlation
The correlation between BGB and ACV is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since May 22, 2015 | 0.38 |
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Return for Risk
BGB vs. ACV — Risk / Return Rank
BGB
ACV
BGB vs. ACV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone GSO Strategic Credit Closed Fund (BGB) and Virtus Diversified Income & Convertible Fund (ACV). 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.
| BGB | ACV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.29 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 2.05 | -2.31 |
| Martin ratioReturn relative to average drawdown | -0.52 | 7.55 | -8.07 |
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Drawdowns
BGB vs. ACV - Drawdown Comparison
The maximum BGB drawdown since its inception was -44.87%, smaller than the maximum ACV drawdown of -53.64%. Use the drawdown chart below to compare losses from any high point for BGB and ACV.
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Drawdown Indicators
| BGB | ACV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.87% | -53.64% | +8.77% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -14.81% | +5.75% |
Max Drawdown (3Y)Largest decline over 3 years | -12.77% | -23.46% | +10.69% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | -48.80% | +27.57% |
Max Drawdown (10Y)Largest decline over 10 years | -44.87% | -53.64% | +8.77% |
Current DrawdownCurrent decline from peak | -4.57% | -5.24% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -5.96% | -14.69% | +8.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 4.01% | +0.64% |
Volatility
BGB vs. ACV - Volatility Comparison
The current volatility for Blackstone GSO Strategic Credit Closed Fund (BGB) is 0.74%, while Virtus Diversified Income & Convertible Fund (ACV) has a volatility of 5.63%. This indicates that BGB experiences smaller price fluctuations and is considered to be less risky than ACV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGB | ACV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 5.63% | -4.89% |
Volatility (6M)Calculated over the trailing 6-month period | 5.31% | 15.43% | -10.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.40% | 18.24% | -10.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.84% | 23.64% | -12.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 25.89% | -9.83% |
BGB vs. ACV - Expense Ratio Comparison
BGB has a 2.36% expense ratio, which is lower than ACV's 2.69% expense ratio.
Dividends
BGB vs. ACV - Dividend Comparison
BGB's dividend yield for the trailing twelve months is around 8.44%, less than ACV's 9.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACV Virtus Diversified Income & Convertible Fund | 9.51% | 9.68% | 9.84% | 10.30% | 12.69% | 24.19% | 7.28% | 8.15% | 10.76% | 9.18% | 10.67% | 5.52% |
BGB Blackstone GSO Strategic Credit Closed Fund | 8.44% | 8.58% | 9.26% | 10.69% | 7.35% | 6.63% | 8.77% | 9.30% | 11.18% | 7.35% | 8.76% | 9.42% |
Frequently Asked Questions
BGB and ACV have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACV has higher volatility (5.63%) compared to BGB (0.74%). In terms of maximum drawdown, BGB dropped -44.87% vs ACV's -53.64%.
ACV currently has the higher Sharpe Ratio (1.66 vs -0.33), 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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