JGH vs. AGG
JGH (Nuveen Global High Income Fund) and AGG (iShares Core U.S. Aggregate Bond ETF) are both funds - JGH is a High Yield Bonds fund managed by Nuveen, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Over the past 10 years, JGH returned 7.61%/yr vs 1.37%/yr for AGG. Their 0.16 correlation means their historical movements had little consistent relationship. JGH charges 1.68%/yr vs 0.03%/yr for AGG.
Performance
JGH vs. AGG - Performance Comparison
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Returns By Period
In the year-to-date period, JGH achieves a 5.11% return, which is significantly higher than AGG's -0.56% return. Over the past 10 years, JGH has outperformed AGG with an annualized return of 7.61%, while AGG has yielded a comparatively lower 1.37% annualized return.
JGH
- 1D
- 0.08%
- 1M
- -0.13%
- 6M
- 1.68%
- YTD
- 5.11%
- 1Y
- 4.74%
- 3Y*
- 13.20%
- 5Y*
- 5.30%
- 10Y*
- 7.61%
- ALL TIME*
- 6.27%
AGG
- 1D
- -0.26%
- 1M
- -1.26%
- 6M
- -0.81%
- YTD
- -0.56%
- 1Y
- 1.83%
- 3Y*
- 3.95%
- 5Y*
- -0.40%
- 10Y*
- 1.37%
- ALL TIME*
- 3.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $763.20M | $778.44M | $807.34M | |
| $971.44K | $1.41M | $1.21M |
JGH vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JGH Nuveen Global High Income Fund | 5.11% | 8.62% | 15.98% | 20.89% | -21.01% | 10.84% | 2.77% | 30.04% | -12.02% | 15.25% |
AGG iShares Core U.S. Aggregate Bond ETF | -0.56% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Correlation
The correlation between JGH and AGG is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2014 | 0.16 |
The correlation between JGH and AGG shifts across timeframes, from 0.16 (all time) to 0.29 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JGH vs. AGG — Risk / Return Rank
JGH
AGG
JGH vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Global High Income Fund (JGH) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
| JGH | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.12 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 0.99 | -0.42 |
| Martin ratioReturn relative to average drawdown | 1.35 | 2.49 | -1.14 |
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Drawdowns
JGH vs. AGG - Drawdown Comparison
The maximum JGH drawdown since its inception was -43.79%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for JGH and AGG.
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Drawdown Indicators
| JGH | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.79% | -18.43% | -25.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -2.76% | -5.61% |
Max Drawdown (3Y)Largest decline over 3 years | -13.70% | -4.98% | -8.72% |
Max Drawdown (5Y)Largest decline over 5 years | -28.66% | -17.82% | -10.84% |
Max Drawdown (10Y)Largest decline over 10 years | -43.79% | -18.43% | -25.36% |
Current DrawdownCurrent decline from peak | -2.07% | -2.94% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -6.93% | -2.70% | -4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 1.09% | +2.43% |
Volatility
JGH vs. AGG - Volatility Comparison
Nuveen Global High Income Fund (JGH) has a higher volatility of 2.52% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.03%. This indicates that JGH's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JGH | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | 1.03% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 2.98% | +4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.44% | 3.78% | +6.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.78% | 6.10% | +7.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 5.41% | +10.46% |
JGH vs. AGG - Expense Ratio Comparison
JGH has a 1.68% expense ratio, which is higher than AGG's 0.03% expense ratio.
Dividends
JGH vs. AGG - Dividend Comparison
JGH's dividend yield for the trailing twelve months is around 9.91%, more than AGG's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.71% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
JGH Nuveen Global High Income Fund | 9.91% | 9.82% | 9.67% | 10.18% | 12.05% | 8.19% | 7.13% | 7.53% | 9.88% | 8.52% | 9.61% | 11.44% |
Frequently Asked Questions
JGH and AGG have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JGH has higher volatility (2.52%) compared to AGG (1.03%). In terms of maximum drawdown, JGH dropped -43.79% vs AGG's -18.43%.
AGG currently has the higher Sharpe Ratio (0.72 vs 0.46), 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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