FTHY vs. OXLC
FTHY (First Trust High Yield Opportunities 2027 Term Fund) is High Yield Bonds fund managed by First Trust, while OXLC (Oxford Lane Capital Corp.) is a stock. Over the past 5 years, FTHY returned 2.46%/yr vs -1.98%/yr for OXLC. Their 0.26 correlation means their historical movements had little consistent relationship.
Performance
FTHY vs. OXLC - Performance Comparison
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Returns By Period
In the year-to-date period, FTHY achieves a 3.57% return, which is significantly higher than OXLC's -1.66% return.
FTHY
- 1D
- 0.33%
- 1M
- 0.63%
- 6M
- 1.67%
- YTD
- 3.57%
- 1Y
- 3.99%
- 3Y*
- 11.01%
- 5Y*
- 2.46%
- 10Y*
- —
- ALL TIME*
- 3.49%
OXLC
- 1D
- 0.98%
- 1M
- 7.38%
- 6M
- 23.01%
- YTD
- -1.66%
- 1Y
- -5.09%
- 3Y*
- -4.29%
- 5Y*
- -1.98%
- 10Y*
- 5.51%
- ALL TIME*
- 4.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.04M | $1.11M | $1.23M | |
| $7.62M | $8.05M | $9.47M |
FTHY vs. OXLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FTHY First Trust High Yield Opportunities 2027 Term Fund | 3.57% | 7.80% | 15.71% | 14.65% | -26.09% | 7.63% | 4.66% |
OXLC Oxford Lane Capital Corp. | -1.66% | -24.38% | 24.58% | 16.52% | -24.15% | 59.91% | 56.03% |
Correlation
The correlation between FTHY and OXLC is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2020 | 0.26 |
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Return for Risk
FTHY vs. OXLC — Risk / Return Rank
FTHY
OXLC
FTHY vs. OXLC - 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 Oxford Lane Capital Corp. (OXLC). 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.
| FTHY | OXLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.02 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | -0.11 | +0.84 |
| Martin ratioReturn relative to average drawdown | 1.98 | -0.20 | +2.19 |
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Drawdowns
FTHY vs. OXLC - Drawdown Comparison
The maximum FTHY drawdown since its inception was -31.17%, smaller than the maximum OXLC drawdown of -74.58%. Use the drawdown chart below to compare losses from any high point for FTHY and OXLC.
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Drawdown Indicators
| FTHY | OXLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.17% | -74.58% | +43.41% |
Max Drawdown (1Y)Largest decline over 1 year | -5.44% | -47.99% | +42.55% |
Max Drawdown (3Y)Largest decline over 3 years | -8.70% | -57.17% | +48.47% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -57.17% | +26.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.58% | — |
Current DrawdownCurrent decline from peak | 0.00% | -29.56% | +29.56% |
Average DrawdownAverage peak-to-trough decline | -9.94% | -14.19% | +4.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 24.93% | -22.91% |
Volatility
FTHY vs. OXLC - Volatility Comparison
The current volatility for First Trust High Yield Opportunities 2027 Term Fund (FTHY) is 1.85%, while Oxford Lane Capital Corp. (OXLC) has a volatility of 6.18%. This indicates that FTHY experiences smaller price fluctuations and is considered to be less risky than OXLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTHY | OXLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 6.18% | -4.33% |
Volatility (6M)Calculated over the trailing 6-month period | 5.82% | 33.42% | -27.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.07% | 43.06% | -35.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.77% | 28.64% | -15.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.13% | 43.31% | -30.18% |
Dividends
FTHY vs. OXLC - Dividend Comparison
FTHY's dividend yield for the trailing twelve months is around 11.07%, less than OXLC's 66.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTHY First Trust High Yield Opportunities 2027 Term Fund | 11.07% | 10.66% | 10.70% | 10.22% | 11.85% | 7.83% | 2.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OXLC Oxford Lane Capital Corp. | 66.20% | 35.86% | 20.12% | 18.83% | 17.75% | 10.51% | 22.46% | 19.85% | 16.70% | 17.91% | 22.84% | 24.10% |
Frequently Asked Questions
FTHY and OXLC have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OXLC has higher volatility (6.18%) compared to FTHY (1.85%). In terms of maximum drawdown, FTHY dropped -31.17% vs OXLC's -74.58%.
FTHY currently has the higher Sharpe Ratio (0.57 vs -0.12), 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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