NHFIX vs. JGH
NHFIX (Northern High Yield Fixed Income Fund) and JGH (Nuveen Global High Income Fund) are both High Yield Bonds funds. Over the past 10 years, NHFIX returned 5.28%/yr vs 7.61%/yr for JGH. Their 0.40 correlation means their historical movements had little consistent relationship. NHFIX charges 0.60%/yr vs 1.68%/yr for JGH.
Performance
NHFIX vs. JGH - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NHFIX achieves a 2.00% return, which is significantly lower than JGH's 5.11% return. Over the past 10 years, NHFIX has underperformed JGH with an annualized return of 5.28%, while JGH has yielded a comparatively higher 7.61% annualized return.
NHFIX
- 1D
- 0.17%
- 1M
- -0.27%
- 6M
- 1.26%
- YTD
- 2.00%
- 1Y
- 5.60%
- 3Y*
- 8.39%
- 5Y*
- 3.48%
- 10Y*
- 5.28%
- ALL TIME*
- 5.38%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $971.44K | $1.41M | $1.21M | |
| $0.00 | $0.00 | $0.00 |
NHFIX vs. JGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NHFIX Northern High Yield Fixed Income Fund | 2.00% | 8.79% | 8.03% | 13.96% | -13.74% | 5.03% | 6.04% | 16.17% | -3.60% | 8.35% |
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% |
Correlation
The correlation between NHFIX and JGH is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2014 | 0.40 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NHFIX vs. JGH — Risk / Return Rank
NHFIX
JGH
NHFIX vs. JGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern High Yield Fixed Income Fund (NHFIX) and Nuveen Global High Income Fund (JGH). 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.
| NHFIX | JGH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.10 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 0.57 | +2.13 |
| Martin ratioReturn relative to average drawdown | 10.96 | 1.35 | +9.61 |
Loading charts...
Drawdowns
NHFIX vs. JGH - Drawdown Comparison
The maximum NHFIX drawdown since its inception was -27.87%, smaller than the maximum JGH drawdown of -43.79%. Use the drawdown chart below to compare losses from any high point for NHFIX and JGH.
Loading charts...
Drawdown Indicators
| NHFIX | JGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.87% | -43.79% | +15.92% |
Max Drawdown (1Y)Largest decline over 1 year | -2.10% | -8.37% | +6.27% |
Max Drawdown (3Y)Largest decline over 3 years | -4.39% | -13.70% | +9.31% |
Max Drawdown (5Y)Largest decline over 5 years | -17.47% | -28.66% | +11.19% |
Max Drawdown (10Y)Largest decline over 10 years | -24.72% | -43.79% | +19.07% |
Current DrawdownCurrent decline from peak | -0.27% | -2.07% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -2.76% | -6.93% | +4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 3.52% | -3.01% |
Volatility
NHFIX vs. JGH - Volatility Comparison
The current volatility for Northern High Yield Fixed Income Fund (NHFIX) is 0.58%, while Nuveen Global High Income Fund (JGH) has a volatility of 2.52%. This indicates that NHFIX experiences smaller price fluctuations and is considered to be less risky than JGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NHFIX | JGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 2.52% | -1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 7.61% | -5.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 10.44% | -7.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.10% | 13.78% | -8.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.91% | 15.87% | -9.96% |
NHFIX vs. JGH - Expense Ratio Comparison
NHFIX has a 0.60% expense ratio, which is lower than JGH's 1.68% expense ratio.
Dividends
NHFIX vs. JGH - Dividend Comparison
NHFIX's dividend yield for the trailing twelve months is around 7.02%, less than JGH's 9.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NHFIX Northern High Yield Fixed Income Fund | 7.02% | 6.87% | 6.67% | 6.57% | 3.84% | 4.92% | 5.41% | 6.35% | 6.85% | 6.66% | 5.57% | 6.19% |
Frequently Asked Questions
NHFIX and JGH have a correlation of 0.42, 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 NHFIX (0.58%). In terms of maximum drawdown, NHFIX dropped -27.87% vs JGH's -43.79%.
NHFIX currently has the higher Sharpe Ratio (1.68 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.
Find the right allocation for NHFIX and JGH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer