JGH vs. ICMUX
JGH (Nuveen Global High Income Fund) and ICMUX (Intrepid Income Fund) are both mutual funds - JGH is a High Yield Bonds fund managed by Nuveen, while ICMUX is a Multisector Bonds fund actively managed by Intrepid. Over the past 10 years, JGH returned 7.61%/yr vs 5.73%/yr for ICMUX. Their 0.31 correlation means their historical movements had little consistent relationship. JGH charges 1.68%/yr vs 1.01%/yr for ICMUX.
Performance
JGH vs. ICMUX - 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 ICMUX's 2.85% return. Over the past 10 years, JGH has outperformed ICMUX with an annualized return of 7.61%, while ICMUX has yielded a comparatively lower 5.73% 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%
ICMUX
- 1D
- 0.11%
- 1M
- 0.34%
- 6M
- 2.35%
- YTD
- 2.85%
- 1Y
- 6.60%
- 3Y*
- 8.93%
- 5Y*
- 6.14%
- 10Y*
- 5.73%
- ALL TIME*
- 4.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ICMUX Intrepid Income Fund | $0.00 | $0.00 | $0.00 |
| $971.44K | $1.41M | $1.21M |
JGH vs. ICMUX - 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% |
ICMUX Intrepid Income Fund | 2.85% | 8.16% | 10.43% | 10.90% | -3.17% | 10.02% | 8.77% | 4.65% | 0.53% | 3.79% |
Correlation
The correlation between JGH and ICMUX is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2014 | 0.31 |
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Return for Risk
JGH vs. ICMUX — Risk / Return Rank
JGH
ICMUX
JGH vs. ICMUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Global High Income Fund (JGH) and Intrepid Income Fund (ICMUX). 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 | ICMUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.88 | ||
| Sortino ratioReturn per unit of downside risk | -4.76 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.79 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 4.83 | -4.26 |
| Martin ratioReturn relative to average drawdown | 1.35 | 16.75 | -15.40 |
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Drawdowns
JGH vs. ICMUX - Drawdown Comparison
The maximum JGH drawdown since its inception was -43.79%, which is greater than ICMUX's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for JGH and ICMUX.
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Drawdown Indicators
| JGH | ICMUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.79% | -8.77% | -35.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -1.34% | -7.03% |
Max Drawdown (3Y)Largest decline over 3 years | -13.70% | -3.11% | -10.59% |
Max Drawdown (5Y)Largest decline over 5 years | -28.66% | -5.64% | -23.02% |
Max Drawdown (10Y)Largest decline over 10 years | -43.79% | -8.77% | -35.02% |
Current DrawdownCurrent decline from peak | -2.07% | -0.11% | -1.96% |
Average DrawdownAverage peak-to-trough decline | -6.93% | -0.73% | -6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 0.39% | +3.13% |
Volatility
JGH vs. ICMUX - Volatility Comparison
Nuveen Global High Income Fund (JGH) has a higher volatility of 2.52% compared to Intrepid Income Fund (ICMUX) at 0.48%. This indicates that JGH's price experiences larger fluctuations and is considered to be riskier than ICMUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JGH | ICMUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | 0.48% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 1.45% | +6.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.44% | 1.94% | +8.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.78% | 2.65% | +11.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 2.57% | +13.30% |
JGH vs. ICMUX - Expense Ratio Comparison
JGH has a 1.68% expense ratio, which is higher than ICMUX's 1.01% expense ratio.
Dividends
JGH vs. ICMUX - Dividend Comparison
JGH's dividend yield for the trailing twelve months is around 9.91%, more than ICMUX's 6.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICMUX Intrepid Income Fund | 6.89% | 7.96% | 7.85% | 9.10% | 8.17% | 5.99% | 5.56% | 3.35% | 3.07% | 2.86% | 3.01% | 3.53% |
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 ICMUX have a correlation of 0.35, 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 ICMUX (0.48%). In terms of maximum drawdown, JGH dropped -43.79% vs ICMUX's -8.77%.
ICMUX currently has the higher Sharpe Ratio (3.34 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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