FHHIX vs. JGH

Last updated Jun 23, 2026

FHHIX (Federated Hermes SDG Engagement High Yield Credit Fund) and JGH (Nuveen Global High Income Fund) are both High Yield Bonds funds. Over the past 5 years, FHHIX returned 3.41%/yr vs 5.63%/yr for JGH. At a 0.47 correlation, their price movements are largely independent. FHHIX charges 1.57%/yr vs 1.68%/yr for JGH.

Performance

FHHIX vs. JGH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes SDG Engagement High Yield Credit Fund (FHHIX) and Nuveen Global High Income Fund (JGH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHHIX achieves a 1.63% return, which is significantly lower than JGH's 5.00% return.

FHHIX

• 1D: 0.10%
• 1M: 1.01%
• YTD: 1.63%
• 6M: 1.83%
• 1Y: 6.58%
• 3Y*: 8.16%
• 5Y*: 3.41%
• 10Y*: —

JGH

• 1D: -1.02%
• 1M: 0.65%
• YTD: 5.00%
• 6M: 6.26%
• 1Y: 10.65%
• 3Y*: 15.87%
• 5Y*: 5.63%
• 10Y*: 8.26%

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

FHHIX vs. JGH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FHHIX Federated Hermes SDG Engagement High Yield Credit Fund	1.63%	8.04%	7.48%	11.44%	-10.67%	2.59%	7.13%	4.02%
JGH Nuveen Global High Income Fund	5.00%	8.62%	15.98%	20.89%	-21.01%	10.84%	2.77%	8.10%

Correlation

The correlation between FHHIX and JGH is 0.50, 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	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.47

The correlation between FHHIX and JGH has been stable across timeframes, ranging from 0.43 to 0.50 - a consistent structural relationship.

Return for Risk

FHHIX vs. JGH — Risk / Return Rank

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

FHHIX

FHHIX Risk / Return Rank: 77
FHHIX Sharpe Ratio Rank: 90
FHHIX Sortino Ratio Rank: 93
FHHIX Omega Ratio Rank: 91
FHHIX Calmar Ratio Rank: 51
FHHIX Martin Ratio Rank: 61

JGH

JGH Risk / Return Rank: 15
JGH Sharpe Ratio Rank: 15
JGH Sortino Ratio Rank: 14
JGH Omega Ratio Rank: 19
JGH Calmar Ratio Rank: 15
JGH Martin Ratio Rank: 11

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.

FHHIX vs. JGH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes SDG Engagement High Yield Credit Fund (FHHIX) 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.

	FHHIX	JGH	Difference
Sharpe ratio: Return per unit of total volatility	2.75	1.04	+1.72
Sortino ratio: Return per unit of downside risk	4.34	1.46	+2.88
Omega ratio: Gain probability vs. loss probability	1.64	1.21	+0.43
Calmar ratio: Return relative to maximum drawdown	2.63	1.28	+1.35
Martin ratio: Return relative to average drawdown	11.42	3.10	+8.32

FHHIX vs. JGH - Sharpe Ratio Comparison

The current FHHIX Sharpe Ratio is 2.75, which is higher than the JGH Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of FHHIX and JGH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FHHIX vs. JGH - Drawdown Comparison

The maximum FHHIX drawdown since its inception was -23.36%, smaller than the maximum JGH drawdown of -43.79%. Use the drawdown chart below to compare losses from any high point for FHHIX and JGH.

Drawdown Indicators

	FHHIX	JGH	Difference
Max Drawdown Largest peak-to-trough decline	-23.36%	-43.79%	+20.43%
Max Drawdown (1Y) Largest decline over 1 year	-2.71%	-8.37%	+5.66%
Max Drawdown (3Y) Largest decline over 3 years	-3.45%	-13.70%	+10.25%
Max Drawdown (5Y) Largest decline over 5 years	-17.93%	-28.66%	+10.73%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.79%	—
Current Drawdown Current decline from peak	-0.10%	-2.17%	+2.07%
Average Drawdown Average peak-to-trough decline	-3.70%	-6.97%	+3.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.60%	3.44%	-2.84%

Volatility

FHHIX vs. JGH - Volatility Comparison

The current volatility for Federated Hermes SDG Engagement High Yield Credit Fund (FHHIX) is 0.71%, while Nuveen Global High Income Fund (JGH) has a volatility of 2.30%. This indicates that FHHIX experiences smaller price fluctuations and is considered to be less risky than JGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHHIX	JGH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.71%	2.30%	-1.59%
Volatility (6M) Calculated over the trailing 6-month period	2.15%	7.35%	-5.20%
Volatility (1Y) Calculated over the trailing 1-year period	2.59%	10.35%	-7.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.26%	13.81%	-9.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.03%	15.88%	-9.85%

FHHIX vs. JGH - Expense Ratio Comparison

FHHIX has a 1.57% expense ratio, which is lower than JGH's 1.68% expense ratio.

Dividends

FHHIX vs. JGH - Dividend Comparison

FHHIX's dividend yield for the trailing twelve months is around 5.16%, less than JGH's 9.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHHIX Federated Hermes SDG Engagement High Yield Credit Fund	5.16%	5.20%	4.88%	3.43%	4.95%	5.43%	3.34%	0.97%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both FHHIX and JGH in my portfolio?

FHHIX and JGH have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FHHIX or JGH?

JGH has higher volatility (2.30%) compared to FHHIX (0.71%). In terms of maximum drawdown, FHHIX dropped -23.36% vs JGH's -43.79%.

Which has better risk-adjusted returns?

FHHIX currently has the higher Sharpe Ratio (2.75 vs 1.03), 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.