GHY vs. JFR
GHY (PGIM Global High Yield Fund) and JFR (Nuveen Floating Rate Income Fund) are both High Yield Bonds funds. Over the past 10 years, GHY returned 6.78%/yr vs 5.89%/yr for JFR. Their 0.39 correlation means their historical movements had little consistent relationship. GHY charges 0.03%/yr vs 0.02%/yr for JFR.
Performance
GHY vs. JFR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GHY achieves a -0.52% return, which is significantly lower than JFR's 6.22% return. Over the past 10 years, GHY has outperformed JFR with an annualized return of 6.78%, while JFR has yielded a comparatively lower 5.89% annualized return.
GHY
- 1D
- -0.09%
- 1M
- -2.38%
- 6M
- -4.54%
- YTD
- -0.52%
- 1Y
- -1.07%
- 3Y*
- 11.98%
- 5Y*
- 4.42%
- 10Y*
- 6.78%
- ALL TIME*
- 5.38%
JFR
- 1D
- 0.26%
- 1M
- 1.28%
- 6M
- 4.95%
- YTD
- 6.22%
- 1Y
- 3.12%
- 3Y*
- 11.26%
- 5Y*
- 6.35%
- 10Y*
- 5.89%
- ALL TIME*
- 4.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.61M | $1.64M | $1.60M | |
| $3.86M | $3.71M | $4.50M |
GHY vs. JFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GHY PGIM Global High Yield Fund | -0.52% | 10.46% | 20.25% | 17.29% | -20.04% | 12.73% | 6.33% | 26.51% | -3.54% | 4.38% |
JFR Nuveen Floating Rate Income Fund | 6.22% | -0.68% | 21.92% | 16.61% | -15.15% | 24.66% | -8.05% | 19.65% | -11.69% | 2.94% |
Correlation
The correlation between GHY and JFR is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 2012 | 0.39 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GHY vs. JFR — Risk / Return Rank
GHY
JFR
GHY vs. JFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Global High Yield Fund (GHY) 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.
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.
| GHY | JFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.07 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 0.36 | -0.45 |
| Martin ratioReturn relative to average drawdown | -0.23 | 0.94 | -1.17 |
Loading charts...
Drawdowns
GHY vs. JFR - Drawdown Comparison
The maximum GHY drawdown since its inception was -41.35%, smaller than the maximum JFR drawdown of -62.61%. Use the drawdown chart below to compare losses from any high point for GHY and JFR.
Loading charts...
Drawdown Indicators
| GHY | JFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.35% | -62.61% | +21.26% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -8.62% | -3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -16.36% | -15.29% | -1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -29.50% | -20.40% | -9.10% |
Max Drawdown (10Y)Largest decline over 10 years | -41.35% | -47.71% | +6.36% |
Current DrawdownCurrent decline from peak | -5.69% | 0.00% | -5.69% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -8.73% | +2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.68% | 3.32% | +1.36% |
Volatility
GHY vs. JFR - Volatility Comparison
PGIM Global High Yield Fund (GHY) has a higher volatility of 3.04% compared to Nuveen Floating Rate Income Fund (JFR) at 1.83%. This indicates that GHY's price experiences larger fluctuations and is considered to be riskier than JFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GHY | JFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 1.83% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 8.67% | 7.02% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.72% | 8.64% | +2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 12.72% | +1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.35% | 16.61% | -1.26% |
GHY vs. JFR - Expense Ratio Comparison
GHY has a 0.03% expense ratio, which is higher than JFR's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GHY vs. JFR - Dividend Comparison
GHY's dividend yield for the trailing twelve months is around 10.82%, less than JFR's 12.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHY PGIM Global High Yield Fund | 10.82% | 10.21% | 10.23% | 11.09% | 11.62% | 8.35% | 8.67% | 8.04% | 7.72% | 7.77% | 8.53% | 10.07% |
JFR Nuveen Floating Rate Income Fund | 12.74% | 13.03% | 11.43% | 11.51% | 9.61% | 6.66% | 7.19% | 7.19% | 7.95% | 7.23% | 6.38% | 7.03% |
Frequently Asked Questions
GHY and JFR 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.
GHY has higher volatility (3.04%) compared to JFR (1.83%). In terms of maximum drawdown, GHY dropped -41.35% vs JFR's -62.61%.
JFR currently has the higher Sharpe Ratio (0.36 vs -0.10), 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.
Find the right allocation for GHY and JFR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer