BJBHX vs. CGFIX

Last updated Jun 5, 2026

BJBHX (abrdn Global High Income Fund) and CGFIX (abrdn Global Absolute Return Strategies Fund) are both mutual funds - BJBHX is a High Yield Bonds fund managed by Aberdeen, while CGFIX is a Macro Trading fund managed by Aberdeen. Over the past 10 years, BJBHX returned 4.51%/yr vs 1.88%/yr for CGFIX. At a 0.21 correlation, their price movements are largely independent. BJBHX charges 1.03%/yr vs 0.78%/yr for CGFIX.

Performance

BJBHX vs. CGFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Global High Income Fund (BJBHX) and abrdn Global Absolute Return Strategies Fund (CGFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BJBHX achieves a 1.99% return, which is significantly higher than CGFIX's 1.26% return. Over the past 10 years, BJBHX has outperformed CGFIX with an annualized return of 4.51%, while CGFIX has yielded a comparatively lower 1.88% annualized return.

BJBHX

• 1D: -0.13%
• 1M: 0.17%
• YTD: 1.99%
• 6M: 2.76%
• 1Y: 6.46%
• 3Y*: 8.33%
• 5Y*: 2.98%
• 10Y*: 4.51%

CGFIX

• 1D: -0.12%
• 1M: 0.57%
• YTD: 1.26%
• 6M: 1.22%
• 1Y: 6.03%
• 3Y*: 4.62%
• 5Y*: 0.23%
• 10Y*: 1.88%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BJBHX vs. CGFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BJBHX abrdn Global High Income Fund	1.99%	6.99%	7.69%	12.32%	-12.63%	2.98%	5.32%	14.32%	-5.59%	8.68%
CGFIX abrdn Global Absolute Return Strategies Fund	1.26%	5.79%	4.85%	-2.54%	-9.99%	1.39%	6.37%	7.26%	0.97%	1.62%

Correlation

The correlation between BJBHX and CGFIX is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Dec 20, 2002	0.21

Over the past year, BJBHX and CGFIX have become more correlated (0.58) than their long-term average of 0.21, meaning their price movements have been converging.

Return for Risk

BJBHX vs. CGFIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BJBHX

BJBHX Risk / Return Rank: 66
BJBHX Sharpe Ratio Rank: 69
BJBHX Sortino Ratio Rank: 79
BJBHX Omega Ratio Rank: 79
BJBHX Calmar Ratio Rank: 54
BJBHX Martin Ratio Rank: 48

CGFIX

CGFIX Risk / Return Rank: 48
CGFIX Sharpe Ratio Rank: 52
CGFIX Sortino Ratio Rank: 52
CGFIX Omega Ratio Rank: 55
CGFIX Calmar Ratio Rank: 40
CGFIX Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BJBHX vs. CGFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Global High Income Fund (BJBHX) and abrdn Global Absolute Return Strategies Fund (CGFIX). 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.

	BJBHX	CGFIX	Difference
Sharpe ratio: Return per unit of total volatility	2.37	2.09	+0.28
Sortino ratio: Return per unit of downside risk	3.73	3.01	+0.72
Omega ratio: Gain probability vs. loss probability	1.51	1.40	+0.10
Calmar ratio: Return relative to maximum drawdown	2.73	2.36	+0.37
Martin ratio: Return relative to average drawdown	9.65	8.47	+1.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BJBHX vs. CGFIX - Sharpe Ratio Comparison

The current BJBHX Sharpe Ratio is 2.37, which is comparable to the CGFIX Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of BJBHX and CGFIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BJBHX	CGFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	2.09	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.04	+0.64
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.89	0.40	+0.49
Sharpe Ratio (All Time) Calculated using the full available price history	1.34	0.89	+0.45

Drawdowns

BJBHX vs. CGFIX - Drawdown Comparison

The maximum BJBHX drawdown since its inception was -28.45%, which is greater than CGFIX's maximum drawdown of -20.28%. Use the drawdown chart below to compare losses from any high point for BJBHX and CGFIX.

Drawdown Indicators

	BJBHX	CGFIX	Difference
Max Drawdown Largest peak-to-trough decline	-28.45%	-20.28%	-8.17%
Max Drawdown (1Y) Largest decline over 1 year	-2.48%	-2.78%	+0.30%
Max Drawdown (3Y) Largest decline over 3 years	-4.57%	-7.09%	+2.52%
Max Drawdown (5Y) Largest decline over 5 years	-17.77%	-20.28%	+2.51%
Max Drawdown (10Y) Largest decline over 10 years	-22.82%	-20.28%	-2.54%
Current Drawdown Current decline from peak	-0.13%	-1.76%	+1.63%
Average Drawdown Average peak-to-trough decline	-3.26%	-3.19%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	0.77%	-0.07%

Volatility

BJBHX vs. CGFIX - Volatility Comparison

The current volatility for abrdn Global High Income Fund (BJBHX) is 0.70%, while abrdn Global Absolute Return Strategies Fund (CGFIX) has a volatility of 1.09%. This indicates that BJBHX experiences smaller price fluctuations and is considered to be less risky than CGFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BJBHX	CGFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.70%	1.09%	-0.39%
Volatility (6M) Calculated over the trailing 6-month period	2.27%	2.32%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	2.86%	3.14%	-0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.37%	5.76%	-1.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.07%	4.71%	+0.36%

BJBHX vs. CGFIX - Expense Ratio Comparison

BJBHX has a 1.03% expense ratio, which is higher than CGFIX's 0.78% expense ratio.

Dividends

BJBHX vs. CGFIX - Dividend Comparison

BJBHX's dividend yield for the trailing twelve months is around 6.03%, less than CGFIX's 6.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BJBHX abrdn Global High Income Fund	6.03%	6.36%	6.08%	5.02%	7.45%	4.60%	4.35%	5.37%	5.62%	3.69%	4.97%	6.16%
CGFIX abrdn Global Absolute Return Strategies Fund	6.15%	5.51%	6.43%	2.08%	0.00%	7.49%	0.23%	3.29%	6.05%	0.33%	1.12%	0.35%

Frequently Asked Questions

Can I hold both BJBHX and CGFIX in my portfolio?

BJBHX and CGFIX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BJBHX or CGFIX?

CGFIX has higher volatility (1.09%) compared to BJBHX (0.70%). In terms of maximum drawdown, BJBHX dropped -28.45% vs CGFIX's -20.28%.

Which has better risk-adjusted returns?

BJBHX currently has the higher Sharpe Ratio (2.37 vs 2.09), 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.