FAHCX vs. JGH
FAHCX (Fidelity Advisor High Income Advantage Fund Class I) and JGH (Nuveen Global High Income Fund) are both High Yield Bonds funds. Over the past 10 years, FAHCX returned 7.44%/yr vs 7.68%/yr for JGH. At a 0.46 correlation, their price movements are largely independent. FAHCX charges 0.74%/yr vs 1.68%/yr for JGH.
Performance
FAHCX vs. JGH - Performance Comparison
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Returns By Period
In the year-to-date period, FAHCX achieves a 6.18% return, which is significantly higher than JGH's 5.00% return. Both investments have delivered pretty close results over the past 10 years, with FAHCX having a 7.44% annualized return and JGH not far ahead at 7.68%.
FAHCX
- 1D
- -0.49%
- 1M
- -0.59%
- 6M
- 4.75%
- YTD
- 6.18%
- 1Y
- 12.19%
- 3Y*
- 11.02%
- 5Y*
- 5.92%
- 10Y*
- 7.44%
JGH
- 1D
- 0.16%
- 1M
- -1.84%
- 6M
- 2.80%
- YTD
- 5.00%
- 1Y
- 6.51%
- 3Y*
- 14.59%
- 5Y*
- 5.36%
- 10Y*
- 7.68%
FAHCX vs. JGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAHCX Fidelity Advisor High Income Advantage Fund Class I | 6.18% | 12.06% | 9.50% | 12.15% | -11.15% | 10.96% | 8.94% | 17.81% | -5.25% | 11.74% |
JGH Nuveen Global High Income Fund | 5.00% | 8.62% | 15.98% | 20.89% | -21.01% | 10.84% | 2.77% | 30.04% | -12.02% | 15.25% |
Correlation
The correlation between FAHCX and JGH is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2014 | 0.46 |
The correlation between FAHCX and JGH has been stable across timeframes, ranging from 0.41 to 0.51 - a consistent structural relationship.
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Return for Risk
FAHCX vs. JGH — Risk / Return Rank
FAHCX
JGH
FAHCX vs. JGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor High Income Advantage Fund Class I (FAHCX) and Nuveen Global High Income Fund (JGH). 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.
| FAHCX | JGH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.13 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 0.78 | +3.13 |
| Martin ratioReturn relative to average drawdown | 14.96 | 1.88 | +13.08 |
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Drawdowns
FAHCX vs. JGH - Drawdown Comparison
The maximum FAHCX drawdown since its inception was -48.10%, which is greater than JGH's maximum drawdown of -43.79%. Use the drawdown chart below to compare losses from any high point for FAHCX and JGH.
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Drawdown Indicators
| FAHCX | JGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.10% | -43.79% | -4.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -8.37% | +5.24% |
Max Drawdown (3Y)Largest decline over 3 years | -6.98% | -13.70% | +6.72% |
Max Drawdown (5Y)Largest decline over 5 years | -15.16% | -28.66% | +13.50% |
Max Drawdown (10Y)Largest decline over 10 years | -28.49% | -43.79% | +15.30% |
Current DrawdownCurrent decline from peak | -1.63% | -2.17% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -6.95% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 3.47% | -2.65% |
Volatility
FAHCX vs. JGH - Volatility Comparison
Fidelity Advisor High Income Advantage Fund Class I (FAHCX) has a higher volatility of 2.72% compared to Nuveen Global High Income Fund (JGH) at 2.29%. This indicates that FAHCX's price experiences larger fluctuations and is considered to be riskier than JGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAHCX | JGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 2.29% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 5.15% | 7.41% | -2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.19% | 10.29% | -4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.52% | 13.80% | -7.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.62% | 15.86% | -8.24% |
FAHCX vs. JGH - Expense Ratio Comparison
FAHCX has a 0.74% expense ratio, which is lower than JGH's 1.68% expense ratio.
Dividends
FAHCX vs. JGH - Dividend Comparison
FAHCX's dividend yield for the trailing twelve months is around 4.42%, less than JGH's 9.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAHCX Fidelity Advisor High Income Advantage Fund Class I | 4.42% | 4.73% | 4.18% | 4.70% | 7.35% | 4.94% | 3.70% | 4.51% | 6.09% | 4.95% | 5.53% | 4.42% |
JGH Nuveen Global High Income Fund | 9.84% | 9.82% | 9.67% | 10.18% | 12.05% | 8.19% | 7.13% | 7.53% | 9.88% | 8.52% | 9.61% | 11.44% |
Frequently Asked Questions
FAHCX and JGH have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAHCX has higher volatility (2.72%) compared to JGH (2.29%). In terms of maximum drawdown, FAHCX dropped -48.10% vs JGH's -43.79%.
FAHCX currently has the higher Sharpe Ratio (1.98 vs 0.64), 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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