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FTHY vs. AGNC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FTHY vs. AGNC

Last updated Jun 4, 2026

FTHY (First Trust High Yield Opportunities 2027 Term Fund) is High Yield Bonds fund managed by First Trust, while AGNC (AGNC Investment Corp.) is a stock. Over the past 5 years, FTHY returned 2.36%/yr vs 1.55%/yr for AGNC. At a 0.37 correlation, their price movements are largely independent.

Performance

FTHY vs. AGNC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust High Yield Opportunities 2027 Term Fund (FTHY) and AGNC Investment Corp. (AGNC). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, FTHY achieves a -0.35% return, which is significantly lower than AGNC's 0.27% return.

FTHY

1D
-1.85%
1M
-0.73%
YTD
-0.35%
6M
-0.35%
1Y
2.84%
3Y*
10.55%
5Y*
2.36%
10Y*
—

AGNC

1D
-0.29%
1M
-3.41%
YTD
0.27%
6M
3.92%
1Y
30.16%
3Y*
18.69%
5Y*
1.55%
10Y*
6.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FTHY vs. AGNC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
FTHY
First Trust High Yield Opportunities 2027 Term Fund		-0.35%7.80%15.71%14.65%-26.09%7.63%4.66%
AGNC
AGNC Investment Corp.		0.27%34.92%8.90%10.14%-21.65%5.20%29.72%

Correlation

The correlation between FTHY and AGNC is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.39

Correlation (3Y)
Calculated over the trailing 3-year period

0.40

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Jun 29, 2020

0.37

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust High Yield Opportunities 2027 Term Fund

AGNC Investment Corp.

Often compared with FTHY:
FTHY vs. FMYFTHY vs. KNGFTHY vs. FTHIFTHY vs. FCTFTHY vs. HYIFTHY vs. ISDFTHY vs. JFR
Often compared with AGNC:
AGNC vs. NLYAGNC vs. OAGNC vs. ARRAGNC vs. ORCAGNC vs. DXAGNC vs. EFCAGNC vs. ABR

Return for Risk

FTHY vs. AGNC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FTHY
FTHY Risk / Return Rank: 55
Overall Rank
FTHY Sharpe Ratio Rank: 55
Sharpe Ratio Rank
FTHY Sortino Ratio Rank: 55
Sortino Ratio Rank
FTHY Omega Ratio Rank: 55
Omega Ratio Rank
FTHY Calmar Ratio Rank: 66
Calmar Ratio Rank
FTHY Martin Ratio Rank: 66
Martin Ratio Rank
AGNC
AGNC Risk / Return Rank: 7676
Overall Rank
AGNC Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
AGNC Sortino Ratio Rank: 7777
Sortino Ratio Rank
AGNC Omega Ratio Rank: 7575
Omega Ratio Rank
AGNC Calmar Ratio Rank: 7070
Calmar Ratio Rank
AGNC Martin Ratio Rank: 7575
Martin Ratio Rank
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.

FTHY vs. AGNC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust High Yield Opportunities 2027 Term Fund (FTHY) and AGNC Investment Corp. (AGNC). 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.

FTHYAGNCDifference
Sharpe ratioReturn per unit of total volatility
0.39
1.57

-1.18

Sortino ratioReturn per unit of downside risk
0.59
2.18

-1.59

Omega ratioGain probability vs. loss probability

1.07

1.27

-0.20

Calmar ratioReturn relative to maximum drawdown

0.52

1.62

-1.10

Martin ratioReturn relative to average drawdown

1.44

4.90

-3.47

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTHY vs. AGNC - Sharpe Ratio Comparison

The current FTHY Sharpe Ratio is 0.39, which is lower than the AGNC Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of FTHY and AGNC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FTHYAGNCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.39

1.57

-1.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.18

0.06

+0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.25

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.22

0.43

-0.20

Drawdowns

FTHY vs. AGNC - Drawdown Comparison

The maximum FTHY drawdown since its inception was -31.17%, smaller than the maximum AGNC drawdown of -54.56%. Use the drawdown chart below to compare losses from any high point for FTHY and AGNC.

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Drawdown Indicators

FTHYAGNCDifference

Max Drawdown

Largest peak-to-trough decline

-31.17%

-54.56%

+23.39%

Max Drawdown (1Y)

Largest decline over 1 year

-5.44%

-18.71%

+13.27%

Max Drawdown (3Y)

Largest decline over 3 years

-8.70%

-31.04%

+22.34%

Max Drawdown (5Y)

Largest decline over 5 years

-31.17%

-54.56%

+23.39%

Max Drawdown (10Y)

Largest decline over 10 years

—

-54.56%

—

Current Drawdown

Current decline from peak

-3.10%

-11.67%

+8.57%

Average Drawdown

Average peak-to-trough decline

-10.20%

-13.57%

+3.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.98%

6.17%

-4.19%

Volatility

FTHY vs. AGNC - Volatility Comparison

The current volatility for First Trust High Yield Opportunities 2027 Term Fund (FTHY) is 2.75%, while AGNC Investment Corp. (AGNC) has a volatility of 4.78%. This indicates that FTHY experiences smaller price fluctuations and is considered to be less risky than AGNC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FTHYAGNCDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.75%

4.78%

-2.03%

Volatility (6M)

Calculated over the trailing 6-month period

5.67%

15.86%

-10.19%

Volatility (1Y)

Calculated over the trailing 1-year period

7.37%

19.35%

-11.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.84%

25.81%

-12.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.28%

25.38%

-12.10%

Dividends

FTHY vs. AGNC - Dividend Comparison

FTHY's dividend yield for the trailing twelve months is around 11.30%, less than AGNC's 14.16% yield.

PositionTTM20252024202320222021202020192018201720162015
AGNC
AGNC Investment Corp.		14.16%13.43%15.64%14.68%13.91%9.57%10.00%11.31%12.31%10.70%12.69%14.30%
FTHY
First Trust High Yield Opportunities 2027 Term Fund		11.30%10.66%10.70%10.22%11.85%7.83%2.94%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FTHY and AGNC have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AGNC has higher volatility (4.78%) compared to FTHY (2.75%). In terms of maximum drawdown, FTHY dropped -31.17% vs AGNC's -54.56%.

AGNC currently has the higher Sharpe Ratio (1.57 vs 0.39), 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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