NEFHX vs. FQTIX

Last updated Jun 4, 2026

NEFHX (Loomis Sayles High Income Fund) and FQTIX (Franklin Templeton SMACS: Series I) are both High Yield Bonds funds. Over the past 5 years, NEFHX returned 2.48%/yr vs 3.80%/yr for FQTIX. A 0.73 correlation means they provide meaningful diversification when combined. NEFHX charges 1.01%/yr vs 0.00%/yr for FQTIX.

Performance

NEFHX vs. FQTIX - Performance Comparison

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

Returns By Period

In the year-to-date period, NEFHX achieves a 1.37% return, which is significantly lower than FQTIX's 3.55% return.

NEFHX

• 1D: 0.00%
• 1M: 0.53%
• YTD: 1.37%
• 6M: 1.90%
• 1Y: 6.30%
• 3Y*: 8.40%
• 5Y*: 2.48%
• 10Y*: 4.54%

FQTIX

• 1D: 0.12%
• 1M: 0.74%
• YTD: 3.55%
• 6M: 4.18%
• 1Y: 9.55%
• 3Y*: 8.69%
• 5Y*: 3.80%
• 10Y*: —

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

NEFHX vs. FQTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
NEFHX Loomis Sayles High Income Fund	1.37%	7.59%	8.77%	9.53%	-13.67%	2.87%	8.18%	4.59%
FQTIX Franklin Templeton SMACS: Series I	3.55%	7.51%	8.03%	13.44%	-14.39%	8.51%	3.68%	4.11%

Correlation

The correlation between NEFHX and FQTIX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019	0.73

The correlation between NEFHX and FQTIX shifts across timeframes, from 0.60 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

NEFHX vs. FQTIX — Risk / Return Rank

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

NEFHX

NEFHX Risk / Return Rank: 60
NEFHX Sharpe Ratio Rank: 50
NEFHX Sortino Ratio Rank: 57
NEFHX Omega Ratio Rank: 68
NEFHX Calmar Ratio Rank: 64
NEFHX Martin Ratio Rank: 60

FQTIX

FQTIX Risk / Return Rank: 93
FQTIX Sharpe Ratio Rank: 93
FQTIX Sortino Ratio Rank: 94
FQTIX Omega Ratio Rank: 93
FQTIX Calmar Ratio Rank: 89
FQTIX Martin Ratio Rank: 96

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.

NEFHX vs. FQTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Loomis Sayles High Income Fund (NEFHX) 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.

	NEFHX	FQTIX	Difference
Sharpe ratio Return per unit of total volatility	2.10	3.16	-1.07
Sortino ratio Return per unit of downside risk	3.18	4.79	-1.61
Omega ratio Gain probability vs. loss probability	1.46	1.72	-0.26
Calmar ratio Return relative to maximum drawdown	3.08	4.44	-1.36
Martin ratio Return relative to average drawdown	12.05	23.37	-11.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NEFHX vs. FQTIX - Sharpe Ratio Comparison

The current NEFHX Sharpe Ratio is 2.10, which is lower than the FQTIX Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of NEFHX and FQTIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NEFHX	FQTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	3.16	-1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.64	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.60	-0.17

Drawdowns

NEFHX vs. FQTIX - Drawdown Comparison

The maximum NEFHX drawdown since its inception was -43.09%, which is greater than FQTIX's maximum drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for NEFHX and FQTIX.

Drawdown Indicators

	NEFHX	FQTIX	Difference
Max Drawdown Largest peak-to-trough decline	-43.09%	-24.62%	-18.47%
Max Drawdown (1Y) Largest decline over 1 year	-2.47%	-2.20%	-0.27%
Max Drawdown (3Y) Largest decline over 3 years	-4.63%	-6.42%	+1.79%
Max Drawdown (5Y) Largest decline over 5 years	-18.10%	-18.81%	+0.71%
Max Drawdown (10Y) Largest decline over 10 years	-21.84%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.95%	-4.32%	-3.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.80%	0.42%	+0.38%

Volatility

NEFHX vs. FQTIX - Volatility Comparison

Loomis Sayles High Income Fund (NEFHX) and Franklin Templeton SMACS: Series I (FQTIX) have volatilities of 0.84% and 0.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NEFHX	FQTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	0.81%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	2.69%	2.37%	+0.32%
Volatility (1Y) Calculated over the trailing 1-year period	3.63%	3.09%	+0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.82%	5.94%	-0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.14%	7.72%	-1.58%

NEFHX vs. FQTIX - Expense Ratio Comparison

NEFHX has a 1.01% expense ratio, which is higher than FQTIX's 0.00% expense ratio.

Dividends

NEFHX vs. FQTIX - Dividend Comparison

NEFHX's dividend yield for the trailing twelve months is around 4.47%, less than FQTIX's 6.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FQTIX Franklin Templeton SMACS: Series I	6.84%	5.70%	7.86%	7.64%	8.10%	7.15%	6.89%	5.63%	0.00%	0.00%	0.00%	0.00%
NEFHX Loomis Sayles High Income Fund	4.47%	4.79%	6.92%	7.56%	5.97%	4.27%	5.14%	4.93%	4.91%	4.42%	3.32%	5.93%

Frequently Asked Questions

Can I hold both NEFHX and FQTIX in my portfolio?

NEFHX and FQTIX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NEFHX or FQTIX?

NEFHX has higher volatility (0.84%) compared to FQTIX (0.81%). In terms of maximum drawdown, NEFHX dropped -43.09% vs FQTIX's -24.62%.

Which has better risk-adjusted returns?

FQTIX currently has the higher Sharpe Ratio (3.16 vs 2.10), 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.