JGH vs. OXLC
Compare and contrast key facts about Nuveen Global High Income Fund (JGH) and Oxford Lane Capital Corp. (OXLC).
JGH is managed by Nuveen. It was launched on Nov 24, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JGH or OXLC.
Correlation
The correlation between JGH and OXLC is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
JGH vs. OXLC - Performance Comparison
Key characteristics
JGH:
1.87
OXLC:
1.64
JGH:
2.68
OXLC:
2.27
JGH:
1.36
OXLC:
1.33
JGH:
3.54
OXLC:
1.48
JGH:
10.98
OXLC:
8.74
JGH:
1.74%
OXLC:
2.56%
JGH:
10.21%
OXLC:
13.69%
JGH:
-43.79%
OXLC:
-74.58%
JGH:
-0.13%
OXLC:
-0.20%
Returns By Period
In the year-to-date period, JGH achieves a 5.97% return, which is significantly higher than OXLC's 4.41% return. Both investments have delivered pretty close results over the past 10 years, with JGH having a 7.22% annualized return and OXLC not far ahead at 7.58%.
JGH
5.97%
3.27%
9.30%
17.91%
5.24%
7.22%
OXLC
4.41%
2.58%
7.36%
23.34%
6.19%
7.58%
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Risk-Adjusted Performance
JGH vs. OXLC — Risk-Adjusted Performance Rank
JGH
OXLC
JGH vs. OXLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Global High Income Fund (JGH) and Oxford Lane Capital Corp. (OXLC). 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.
Dividends
JGH vs. OXLC - Dividend Comparison
JGH's dividend yield for the trailing twelve months is around 9.31%, less than OXLC's 20.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JGH Nuveen Global High Income Fund | 9.31% | 9.72% | 10.23% | 12.05% | 8.20% | 7.15% | 7.53% | 9.88% | 8.52% | 9.61% | 11.44% | 0.00% |
OXLC Oxford Lane Capital Corp. | 20.35% | 20.12% | 18.83% | 17.75% | 10.58% | 22.51% | 19.85% | 16.70% | 17.91% | 22.84% | 24.10% | 16.72% |
Drawdowns
JGH vs. OXLC - Drawdown Comparison
The maximum JGH drawdown since its inception was -43.79%, smaller than the maximum OXLC drawdown of -74.58%. Use the drawdown chart below to compare losses from any high point for JGH and OXLC. For additional features, visit the drawdowns tool.
Volatility
JGH vs. OXLC - Volatility Comparison
The current volatility for Nuveen Global High Income Fund (JGH) is 1.47%, while Oxford Lane Capital Corp. (OXLC) has a volatility of 1.89%. This indicates that JGH experiences smaller price fluctuations and is considered to be less risky than OXLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.