NCZ vs. AVK
Compare and contrast key facts about Virtus Convertible and Income Fund II (NCZ) and Advent Convertible and Income Fund (AVK).
NCZ is managed by Virtus. It was launched on Jul 31, 2003. AVK is an actively managed fund by Guggenheim. It was launched on Apr 29, 2003.
Performance
NCZ vs. AVK - Performance Comparison
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NCZ vs. AVK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NCZ Virtus Convertible and Income Fund II | -0.21% | 23.23% | 18.40% | 17.75% | -35.93% | 9.24% | 11.04% | 27.19% | -18.66% | 24.89% |
AVK Advent Convertible and Income Fund | -8.46% | 19.66% | 19.42% | 18.16% | -34.45% | 30.18% | 17.62% | 36.54% | -13.36% | 17.28% |
Returns By Period
In the year-to-date period, NCZ achieves a -0.21% return, which is significantly higher than AVK's -8.46% return. Over the past 10 years, NCZ has underperformed AVK with an annualized return of 8.23%, while AVK has yielded a comparatively higher 9.75% annualized return.
NCZ
- 1D
- 3.15%
- 1M
- -8.11%
- YTD
- -0.21%
- 6M
- 3.11%
- 1Y
- 29.32%
- 3Y*
- 16.67%
- 5Y*
- 3.59%
- 10Y*
- 8.23%
AVK
- 1D
- 3.14%
- 1M
- -9.99%
- YTD
- -8.46%
- 6M
- -7.73%
- 1Y
- 8.54%
- 3Y*
- 12.28%
- 5Y*
- 3.77%
- 10Y*
- 9.75%
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NCZ vs. AVK - Expense Ratio Comparison
NCZ has a 0.03% expense ratio, which is lower than AVK's 0.75% expense ratio.
Return for Risk
NCZ vs. AVK — Risk / Return Rank
NCZ
AVK
NCZ vs. AVK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Convertible and Income Fund II (NCZ) and Advent Convertible and Income Fund (AVK). 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.
| NCZ | AVK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 0.48 | +1.08 |
Sortino ratioReturn per unit of downside risk | 2.12 | 0.77 | +1.35 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.12 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 2.43 | 0.57 | +1.86 |
Martin ratioReturn relative to average drawdown | 10.00 | 2.56 | +7.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NCZ | AVK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 0.48 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.19 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.43 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.28 | -0.08 |
Correlation
The correlation between NCZ and AVK is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
NCZ vs. AVK - Dividend Comparison
NCZ's dividend yield for the trailing twelve months is around 10.74%, less than AVK's 12.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NCZ Virtus Convertible and Income Fund II | 10.74% | 10.45% | 11.50% | 12.84% | 15.62% | 8.82% | 9.28% | 11.28% | 15.33% | 13.80% | 12.08% | 18.02% |
AVK Advent Convertible and Income Fund | 12.60% | 11.22% | 11.71% | 12.36% | 12.90% | 15.13% | 8.51% | 9.04% | 11.21% | 8.10% | 7.68% | 8.33% |
Drawdowns
NCZ vs. AVK - Drawdown Comparison
The maximum NCZ drawdown since its inception was -79.48%, which is greater than AVK's maximum drawdown of -67.49%. Use the drawdown chart below to compare losses from any high point for NCZ and AVK.
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Drawdown Indicators
| NCZ | AVK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.48% | -67.49% | -11.99% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -14.25% | +2.31% |
Max Drawdown (5Y)Largest decline over 5 years | -43.93% | -38.50% | -5.43% |
Max Drawdown (10Y)Largest decline over 10 years | -56.08% | -49.82% | -6.26% |
Current DrawdownCurrent decline from peak | -9.16% | -11.55% | +2.39% |
Average DrawdownAverage peak-to-trough decline | -14.45% | -11.78% | -2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 3.15% | -0.25% |
Volatility
NCZ vs. AVK - Volatility Comparison
Virtus Convertible and Income Fund II (NCZ) and Advent Convertible and Income Fund (AVK) have volatilities of 7.73% and 7.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NCZ | AVK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.73% | 7.71% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.64% | 10.62% | +2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.85% | 17.86% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.18% | 19.73% | +1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.20% | 22.52% | +1.68% |