NPHIX vs. FQTIX
NPHIX (American Century High Income Fund) and FQTIX (Franklin Templeton SMACS: Series I) are both High Yield Bonds funds. Over the past 5 years, NPHIX returned 3.12%/yr vs 3.50%/yr for FQTIX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. NPHIX charges 0.58%/yr vs 0.00%/yr for FQTIX.
Performance
NPHIX vs. FQTIX - Performance Comparison
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Returns By Period
In the year-to-date period, NPHIX achieves a 0.93% return, which is significantly lower than FQTIX's 3.02% return.
NPHIX
- 1D
- 0.00%
- 1M
- -0.92%
- 6M
- 0.36%
- YTD
- 0.93%
- 1Y
- 4.86%
- 3Y*
- 7.34%
- 5Y*
- 3.12%
- 10Y*
- 5.14%
- ALL TIME*
- 5.14%
FQTIX
- 1D
- -0.12%
- 1M
- -0.91%
- 6M
- 1.56%
- YTD
- 3.02%
- 1Y
- 7.36%
- 3Y*
- 7.95%
- 5Y*
- 3.50%
- 10Y*
- —
- ALL TIME*
- 4.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NPHIX vs. FQTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NPHIX American Century High Income Fund | 0.93% | 8.86% | 6.92% | 12.05% | -12.59% | 6.12% | 8.03% | 5.53% |
FQTIX Franklin Templeton SMACS: Series I | 3.02% | 7.51% | 8.03% | 13.44% | -14.39% | 8.51% | 3.68% | 4.11% |
Correlation
The correlation between NPHIX and FQTIX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2019 | 0.77 |
The correlation between NPHIX and FQTIX has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.
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Return for Risk
NPHIX vs. FQTIX — Risk / Return Rank
NPHIX
FQTIX
NPHIX vs. FQTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century High Income Fund (NPHIX) 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.
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.
| NPHIX | FQTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.51 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 3.31 | -1.48 |
| Martin ratioReturn relative to average drawdown | 8.65 | 15.98 | -7.33 |
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Drawdowns
NPHIX vs. FQTIX - Drawdown Comparison
The maximum NPHIX drawdown since its inception was -21.67%, smaller than the maximum FQTIX drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for NPHIX and FQTIX.
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Drawdown Indicators
| NPHIX | FQTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.67% | -24.62% | +2.95% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -2.20% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -3.94% | -5.59% | +1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -16.34% | -18.81% | +2.47% |
Max Drawdown (10Y)Largest decline over 10 years | -21.67% | — | — |
Current DrawdownCurrent decline from peak | -1.04% | -1.03% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -2.50% | -4.23% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.45% | +0.08% |
Volatility
NPHIX vs. FQTIX - Volatility Comparison
American Century High Income Fund (NPHIX) and Franklin Templeton SMACS: Series I (FQTIX) have volatilities of 0.62% and 0.61%, 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.
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Volatility by Period
| NPHIX | FQTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 0.61% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 2.41% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 3.09% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.27% | 5.93% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.62% | 7.64% | -2.02% |
NPHIX vs. FQTIX - Expense Ratio Comparison
NPHIX has a 0.58% expense ratio, which is higher than FQTIX's 0.00% expense ratio.
Dividends
NPHIX vs. FQTIX - Dividend Comparison
NPHIX's dividend yield for the trailing twelve months is around 6.23%, less than FQTIX's 7.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FQTIX Franklin Templeton SMACS: Series I | 7.06% | 5.70% | 7.86% | 7.64% | 8.10% | 7.15% | 6.89% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% |
NPHIX American Century High Income Fund | 6.23% | 6.69% | 6.07% | 4.81% | 4.95% | 5.77% | 5.35% | 5.54% | 6.24% | 5.87% | 5.72% | 7.44% |
Frequently Asked Questions
NPHIX and FQTIX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NPHIX has higher volatility (0.62%) compared to FQTIX (0.61%). In terms of maximum drawdown, NPHIX dropped -21.67% vs FQTIX's -24.62%.
FQTIX currently has the higher Sharpe Ratio (2.36 vs 1.39), 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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