Correlation
The correlation between JGH and PDI is 0.40, 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.
JGH vs. PDI
Compare and contrast key facts about Nuveen Global High Income Fund (JGH) and PIMCO Dynamic Income Fund (PDI).
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 PDI.
Performance
JGH vs. PDI - Performance Comparison
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Key characteristics
JGH:
0.93
PDI:
0.67
JGH:
1.16
PDI:
0.90
JGH:
1.20
PDI:
1.22
JGH:
0.86
PDI:
0.81
JGH:
3.39
PDI:
2.78
JGH:
3.45%
PDI:
4.22%
JGH:
13.23%
PDI:
17.51%
JGH:
-43.79%
PDI:
-46.47%
JGH:
-3.10%
PDI:
-3.80%
Returns By Period
In the year-to-date period, JGH achieves a 2.82% return, which is significantly lower than PDI's 7.96% return. Over the past 10 years, JGH has underperformed PDI with an annualized return of 6.47%, while PDI has yielded a comparatively higher 7.81% annualized return.
JGH
2.82%
2.69%
0.05%
11.18%
11.22%
9.50%
6.47%
PDI
7.96%
1.50%
4.54%
11.33%
8.90%
7.95%
7.81%
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Risk-Adjusted Performance
JGH vs. PDI — Risk-Adjusted Performance Rank
JGH
PDI
JGH vs. PDI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Global High Income Fund (JGH) and PIMCO Dynamic Income Fund (PDI). 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.
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Dividends
JGH vs. PDI - Dividend Comparison
JGH's dividend yield for the trailing twelve months is around 9.80%, less than PDI's 14.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JGH Nuveen Global High Income Fund | 9.80% | 9.67% | 10.18% | 12.05% | 8.19% | 7.13% | 7.53% | 9.88% | 8.52% | 9.61% | 11.44% | 0.00% |
PDI PIMCO Dynamic Income Fund | 14.20% | 14.45% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 15.08% | 13.43% |
Drawdowns
JGH vs. PDI - Drawdown Comparison
The maximum JGH drawdown since its inception was -43.79%, smaller than the maximum PDI drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for JGH and PDI.
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Volatility
JGH vs. PDI - Volatility Comparison
The current volatility for Nuveen Global High Income Fund (JGH) is 2.71%, while PIMCO Dynamic Income Fund (PDI) has a volatility of 2.97%. This indicates that JGH experiences smaller price fluctuations and is considered to be less risky than PDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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