JGH vs. FQTIX

Last updated Apr 1, 2026

Compare and contrast key facts about Nuveen Global High Income Fund (JGH) and Franklin Templeton SMACS: Series I (FQTIX).

JGH is managed by Nuveen. It was launched on Nov 24, 2014. FQTIX is managed by Franklin Templeton. It was launched on Jun 3, 2019.

Performance

JGH vs. FQTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Global High Income Fund (JGH) and Franklin Templeton SMACS: Series I (FQTIX). The values are adjusted to include any dividend payments, if applicable.

JGH vs. FQTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JGH Nuveen Global High Income Fund	-0.69%	8.62%	15.98%	20.89%	-21.01%	10.84%	2.77%	15.04%
FQTIX Franklin Templeton SMACS: Series I	0.52%	7.51%	8.03%	13.44%	-14.39%	8.51%	3.68%	4.11%

Returns By Period

In the year-to-date period, JGH achieves a -0.69% return, which is significantly lower than FQTIX's 0.52% return.

JGH

• 1D: 2.78%
• 1M: -3.43%
• YTD: -0.69%
• 6M: -4.71%
• 1Y: 3.39%
• 3Y*: 14.32%
• 5Y*: 5.42%
• 10Y*: 8.35%

FQTIX

• 1D: 0.25%
• 1M: -1.83%
• YTD: 0.52%
• 6M: 2.66%
• 1Y: 9.72%
• 3Y*: 7.86%
• 5Y*: 3.61%
• 10Y*: —

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

JGH vs. FQTIX - Expense Ratio Comparison

JGH has a 1.68% expense ratio, which is higher than FQTIX's 0.00% expense ratio.

JGH

Nuveen Global High Income Fund

FQTIX

Franklin Templeton SMACS: Series I

Return for Risk

JGH vs. FQTIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JGH

JGH Risk / Return Rank: 11
JGH Sharpe Ratio Rank: 10
JGH Sortino Ratio Rank: 9
JGH Omega Ratio Rank: 11
JGH Calmar Ratio Rank: 13
JGH Martin Ratio Rank: 13

FQTIX

FQTIX Risk / Return Rank: 97
FQTIX Sharpe Ratio Rank: 97
FQTIX Sortino Ratio Rank: 96
FQTIX Omega Ratio Rank: 97
FQTIX Calmar Ratio Rank: 97
FQTIX Martin Ratio Rank: 97

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.

JGH vs. FQTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Global High Income Fund (JGH) and Franklin Templeton SMACS: Series I (FQTIX). 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.

	JGH	FQTIX	Difference
Sharpe ratio Return per unit of total volatility	0.25	2.55	-2.31
Sortino ratio Return per unit of downside risk	0.39	3.46	-3.07
Omega ratio Gain probability vs. loss probability	1.07	1.61	-0.54
Calmar ratio Return relative to maximum drawdown	0.38	3.85	-3.48
Martin ratio Return relative to average drawdown	1.09	17.15	-16.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JGH vs. FQTIX - Sharpe Ratio Comparison

The current JGH Sharpe Ratio is 0.25, which is lower than the FQTIX Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of JGH and FQTIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JGH	FQTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.25	2.55	-2.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.61	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.55	-0.17

Correlation

The correlation between JGH and FQTIX is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

JGH vs. FQTIX - Dividend Comparison

JGH's dividend yield for the trailing twelve months is around 10.14%, more than FQTIX's 7.03% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JGH Nuveen Global High Income Fund	10.14%	9.82%	9.67%	10.18%	12.05%	8.19%	7.13%	7.53%	9.88%	8.52%	9.61%	11.44%
FQTIX Franklin Templeton SMACS: Series I	7.03%	5.70%	7.86%	7.64%	8.10%	7.15%	6.89%	5.63%	0.00%	0.00%	0.00%	0.00%

Drawdowns

JGH vs. FQTIX - Drawdown Comparison

The maximum JGH drawdown since its inception was -43.79%, which is greater than FQTIX's maximum drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for JGH and FQTIX.

Drawdown Indicators

	JGH	FQTIX	Difference
Max Drawdown Largest peak-to-trough decline	-43.79%	-24.62%	-19.17%
Max Drawdown (1Y) Largest decline over 1 year	-11.69%	-2.41%	-9.28%
Max Drawdown (5Y) Largest decline over 5 years	-28.66%	-18.81%	-9.85%
Max Drawdown (10Y) Largest decline over 10 years	-43.79%	—	—
Current Drawdown Current decline from peak	-5.82%	-1.95%	-3.87%
Average Drawdown Average peak-to-trough decline	-7.09%	-4.42%	-2.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.20%	0.54%	+3.66%

Volatility

JGH vs. FQTIX - Volatility Comparison

Nuveen Global High Income Fund (JGH) has a higher volatility of 4.78% compared to Franklin Templeton SMACS: Series I (FQTIX) at 1.57%. This indicates that JGH's price experiences larger fluctuations and is considered to be riskier than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JGH	FQTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.78%	1.57%	+3.21%
Volatility (6M) Calculated over the trailing 6-month period	8.11%	2.38%	+5.73%
Volatility (1Y) Calculated over the trailing 1-year period	13.82%	3.85%	+9.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.65%	5.92%	+7.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.85%	7.80%	+8.05%