FSHGX vs. JFR

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity SAI High Income Fund (FSHGX) and Nuveen Floating Rate Income Fund (JFR).

FSHGX is managed by Fidelity. It was launched on May 20, 2021. JFR is managed by Nuveen. It was launched on Mar 24, 2004.

Performance

FSHGX vs. JFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI High Income Fund (FSHGX) and Nuveen Floating Rate Income Fund (JFR). The values are adjusted to include any dividend payments, if applicable.

FSHGX vs. JFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FSHGX Fidelity SAI High Income Fund	-0.05%	10.26%	9.79%	10.82%	-12.03%	2.72%
JFR Nuveen Floating Rate Income Fund	-1.74%	-0.68%	21.92%	16.61%	-15.15%	10.42%

Returns By Period

In the year-to-date period, FSHGX achieves a -0.05% return, which is significantly higher than JFR's -1.74% return.

FSHGX

• 1D: 0.64%
• 1M: -1.57%
• YTD: -0.05%
• 6M: 1.34%
• 1Y: 8.96%
• 3Y*: 9.24%
• 5Y*: —
• 10Y*: —

JFR

• 1D: -0.93%
• 1M: -0.27%
• YTD: -1.74%
• 6M: -2.50%
• 1Y: -0.48%
• 3Y*: 9.26%
• 5Y*: 5.35%
• 10Y*: 6.03%

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

FSHGX vs. JFR - Expense Ratio Comparison

FSHGX has a 0.60% expense ratio, which is higher than JFR's 0.02% expense ratio.

FSHGX

Fidelity SAI High Income Fund

JFR

Nuveen Floating Rate Income Fund

Return for Risk

FSHGX vs. JFR — Risk / Return Rank

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

FSHGX

FSHGX Risk / Return Rank: 95
FSHGX Sharpe Ratio Rank: 95
FSHGX Sortino Ratio Rank: 96
FSHGX Omega Ratio Rank: 96
FSHGX Calmar Ratio Rank: 93
FSHGX Martin Ratio Rank: 94

JFR

JFR Risk / Return Rank: 4
JFR Sharpe Ratio Rank: 4
JFR Sortino Ratio Rank: 4
JFR Omega Ratio Rank: 4
JFR Calmar Ratio Rank: 4
JFR Martin Ratio Rank: 4

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.

FSHGX vs. JFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI High Income Fund (FSHGX) and Nuveen Floating Rate Income Fund (JFR). 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.

	FSHGX	JFR	Difference
Sharpe ratio Return per unit of total volatility	2.31	-0.04	+2.35
Sortino ratio Return per unit of downside risk	3.33	0.04	+3.29
Omega ratio Gain probability vs. loss probability	1.55	1.01	+0.54
Calmar ratio Return relative to maximum drawdown	3.01	-0.02	+3.03
Martin ratio Return relative to average drawdown	12.73	-0.07	+12.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSHGX vs. JFR - Sharpe Ratio Comparison

The current FSHGX Sharpe Ratio is 2.31, which is higher than the JFR Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of FSHGX and JFR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FSHGX	JFR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	-0.04	+2.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.42	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.27	+0.50

Correlation

The correlation between FSHGX and JFR is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FSHGX vs. JFR - Dividend Comparison

FSHGX's dividend yield for the trailing twelve months is around 5.88%, less than JFR's 13.60% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSHGX Fidelity SAI High Income Fund	5.88%	6.34%	6.15%	5.47%	3.99%	2.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JFR Nuveen Floating Rate Income Fund	13.60%	13.03%	11.43%	11.51%	9.61%	6.66%	7.19%	7.19%	7.95%	7.23%	6.38%	7.03%

Drawdowns

FSHGX vs. JFR - Drawdown Comparison

The maximum FSHGX drawdown since its inception was -15.77%, smaller than the maximum JFR drawdown of -62.61%. Use the drawdown chart below to compare losses from any high point for FSHGX and JFR.

Drawdown Indicators

	FSHGX	JFR	Difference
Max Drawdown Largest peak-to-trough decline	-15.77%	-62.61%	+46.84%
Max Drawdown (1Y) Largest decline over 1 year	-3.17%	-11.33%	+8.16%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.71%	—
Current Drawdown Current decline from peak	-1.68%	-5.05%	+3.37%
Average Drawdown Average peak-to-trough decline	-3.96%	-8.84%	+4.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.75%	3.54%	-2.79%

Volatility

FSHGX vs. JFR - Volatility Comparison

The current volatility for Fidelity SAI High Income Fund (FSHGX) is 1.49%, while Nuveen Floating Rate Income Fund (JFR) has a volatility of 5.01%. This indicates that FSHGX experiences smaller price fluctuations and is considered to be less risky than JFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSHGX	JFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.49%	5.01%	-3.52%
Volatility (6M) Calculated over the trailing 6-month period	2.38%	7.02%	-4.64%
Volatility (1Y) Calculated over the trailing 1-year period	4.00%	13.19%	-9.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.26%	12.74%	-7.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.26%	16.65%	-11.39%