PCONX vs. AVK
Compare and contrast key facts about Putnam Convertible Securities Fund (PCONX) and Advent Convertible and Income Fund (AVK).
PCONX is managed by Putnam. It was launched on Jun 28, 1972. AVK is an actively managed fund by Guggenheim. It was launched on Apr 29, 2003.
Performance
PCONX vs. AVK - Performance Comparison
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PCONX vs. AVK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCONX Putnam Convertible Securities Fund | -0.37% | 11.97% | 12.60% | 10.13% | -19.27% | 4.23% | 44.86% | 24.32% | -2.92% | 14.41% |
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, PCONX achieves a -0.37% return, which is significantly higher than AVK's -8.46% return. Both investments have delivered pretty close results over the past 10 years, with PCONX having a 9.95% annualized return and AVK not far behind at 9.75%.
PCONX
- 1D
- -1.60%
- 1M
- -5.76%
- YTD
- -0.37%
- 6M
- -0.80%
- 1Y
- 15.29%
- 3Y*
- 10.35%
- 5Y*
- 2.88%
- 10Y*
- 9.95%
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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PCONX vs. AVK - Expense Ratio Comparison
PCONX has a 1.03% expense ratio, which is higher than AVK's 0.75% expense ratio.
Return for Risk
PCONX vs. AVK — Risk / Return Rank
PCONX
AVK
PCONX vs. AVK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Convertible Securities Fund (PCONX) 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.
| PCONX | AVK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 0.48 | +0.59 |
Sortino ratioReturn per unit of downside risk | 1.51 | 0.77 | +0.74 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.12 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.85 | 0.57 | +1.28 |
Martin ratioReturn relative to average drawdown | 6.18 | 2.56 | +3.62 |
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
| PCONX | AVK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 0.48 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.19 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.43 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.28 | +0.36 |
Correlation
The correlation between PCONX and AVK is 0.58, 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
PCONX vs. AVK - Dividend Comparison
PCONX's dividend yield for the trailing twelve months is around 5.41%, less than AVK's 12.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCONX Putnam Convertible Securities Fund | 5.41% | 6.10% | 1.48% | 0.99% | 0.72% | 26.98% | 11.62% | 7.72% | 13.92% | 3.48% | 2.08% | 6.22% |
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
PCONX vs. AVK - Drawdown Comparison
The maximum PCONX drawdown since its inception was -47.70%, smaller than the maximum AVK drawdown of -67.49%. Use the drawdown chart below to compare losses from any high point for PCONX and AVK.
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Drawdown Indicators
| PCONX | AVK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.70% | -67.49% | +19.79% |
Max Drawdown (1Y)Largest decline over 1 year | -7.49% | -14.25% | +6.76% |
Max Drawdown (5Y)Largest decline over 5 years | -25.48% | -38.50% | +13.02% |
Max Drawdown (10Y)Largest decline over 10 years | -26.14% | -49.82% | +23.68% |
Current DrawdownCurrent decline from peak | -7.35% | -11.55% | +4.20% |
Average DrawdownAverage peak-to-trough decline | -8.32% | -11.78% | +3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 3.15% | -0.91% |
Volatility
PCONX vs. AVK - Volatility Comparison
The current volatility for Putnam Convertible Securities Fund (PCONX) is 5.98%, while Advent Convertible and Income Fund (AVK) has a volatility of 7.71%. This indicates that PCONX experiences smaller price fluctuations and is considered to be less risky than AVK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCONX | AVK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 7.71% | -1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 11.21% | 10.62% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.43% | 17.86% | -3.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.46% | 19.73% | -7.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.83% | 22.52% | -9.69% |