JFR vs. FTHY

Last updated Aug 1, 2026

JFR (Nuveen Floating Rate Income Fund) and FTHY (First Trust High Yield Opportunities 2027 Term Fund) are both High Yield Bonds funds. Over the past 5 years, JFR returned 6.36%/yr vs 2.63%/yr for FTHY. Their 0.30 correlation means their historical movements had little consistent relationship. Both charge a 0.02% expense ratio.

Performance

JFR vs. FTHY - Performance Comparison

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

Returns By Period

In the year-to-date period, JFR achieves a 5.94% return, which is significantly higher than FTHY's 3.22% return.

JFR

• 1D: 0.52%
• 1M: 1.02%
• 6M: 4.28%
• YTD: 5.94%
• 1Y: 2.86%
• 3Y*: 11.12%
• 5Y*: 6.36%
• 10Y*: 5.99%
• ALL TIME*: 4.93%

FTHY

• 1D: 0.22%
• 1M: 0.29%
• 6M: 1.51%
• YTD: 3.22%
• 1Y: 3.64%
• 3Y*: 10.78%
• 5Y*: 2.63%
• 10Y*: —
• ALL TIME*: 3.44%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FTHY First Trust High Yield Opportunities 2027 Term Fund	$1.02M	$1.13M	$1.23M
JFR Nuveen Floating Rate Income Fund	$3.68M	$3.65M	$4.48M

JFR vs. FTHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JFR Nuveen Floating Rate Income Fund	5.94%	-0.68%	21.92%	16.61%	-15.15%	24.66%	14.19%
FTHY First Trust High Yield Opportunities 2027 Term Fund	3.22%	7.80%	15.71%	14.65%	-26.09%	7.63%	4.66%

Correlation

The correlation between JFR and FTHY is 0.29, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.29
Correlation (3Y) Balances recent behavior with more history.	0.30
Correlation (5Y) Shows whether the relationship held over a longer period.	0.35
Correlation (All Time) Calculated using the full available price history since Jun 26, 2020	0.30

Return for Risk

JFR vs. FTHY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JFR

JFR Risk / Return Rank: 9
JFR Sharpe Ratio Rank: 9
JFR Sortino Ratio Rank: 9
JFR Omega Ratio Rank: 9
JFR Calmar Ratio Rank: 8
JFR Martin Ratio Rank: 8

FTHY

FTHY Risk / Return Rank: 13
FTHY Sharpe Ratio Rank: 13
FTHY Sortino Ratio Rank: 12
FTHY Omega Ratio Rank: 12
FTHY Calmar Ratio Rank: 13
FTHY Martin Ratio Rank: 13

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JFR vs. FTHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Floating Rate Income Fund (JFR) and First Trust High Yield Opportunities 2027 Term Fund (FTHY). 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.

	JFR	FTHY	Difference
Sharpe ratio: Return per unit of total volatility	0.30	0.53	-0.23
Sortino ratio: Return per unit of downside risk	0.53	0.78	-0.26
Omega ratio: Gain probability vs. loss probability	1.06	1.10	-0.04
Calmar ratio: Return relative to maximum drawdown	0.30	0.69	-0.39
Martin ratio: Return relative to average drawdown	0.79	1.86	-1.07

JFR vs. FTHY - Sharpe Ratio Comparison

The current JFR Sharpe Ratio is 0.30, which is lower than the FTHY Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of JFR and FTHY, 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

JFR vs. FTHY - Drawdown Comparison

The maximum JFR drawdown since its inception was -62.61%, which is greater than FTHY's maximum drawdown of -31.17%. Use the drawdown chart below to compare losses from any high point for JFR and FTHY.

Drawdown Indicators

	JFR	FTHY	Difference
Max Drawdown Largest peak-to-trough decline	-62.61%	-31.17%	-31.44%
Max Drawdown (1Y) Largest decline over 1 year	-8.62%	-5.44%	-3.18%
Max Drawdown (3Y) Largest decline over 3 years	-15.29%	-8.70%	-6.59%
Max Drawdown (5Y) Largest decline over 5 years	-20.40%	-31.17%	+10.77%
Max Drawdown (10Y) Largest decline over 10 years	-47.71%	—	—
Current Drawdown Current decline from peak	0.00%	-0.22%	+0.22%
Average Drawdown Average peak-to-trough decline	-8.73%	-9.95%	+1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	2.02%	+1.30%

Volatility

JFR vs. FTHY - Volatility Comparison

Nuveen Floating Rate Income Fund (JFR) and First Trust High Yield Opportunities 2027 Term Fund (FTHY) have volatilities of 1.83% and 1.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JFR	FTHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.83%	1.83%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	7.08%	5.81%	+1.27%
Volatility (1Y) Calculated over the trailing 1-year period	8.63%	7.14%	+1.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.72%	12.80%	-0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.60%	13.14%	+3.46%

JFR vs. FTHY - Expense Ratio Comparison

Both JFR and FTHY have an expense ratio of 0.02%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

JFR vs. FTHY - Dividend Comparison

JFR's dividend yield for the trailing twelve months is around 12.78%, more than FTHY's 11.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTHY First Trust High Yield Opportunities 2027 Term Fund	10.09%	10.66%	10.70%	10.22%	11.85%	7.83%	2.94%	0.00%	0.00%	0.00%	0.00%	0.00%
JFR Nuveen Floating Rate Income Fund	12.78%	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

Can I hold both JFR and FTHY in my portfolio?

JFR and FTHY have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JFR or FTHY?

FTHY has higher volatility (1.83%) compared to JFR (1.83%). In terms of maximum drawdown, JFR dropped -62.61% vs FTHY's -31.17%.

Which has better risk-adjusted returns?

FTHY currently has the higher Sharpe Ratio (0.53 vs 0.30), 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.