Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years (ann.) | 10 years | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | -0.39% | -2.39% | -6.99% | -7.26% | -10.09% | -10.66% | -0.85% | -9.43% | — | -7.01% |
| Market-price total return | -0.39% | -1.42% | -4.30% | -1.92% | -1.43% | -0.31% | +10.39% | +0.71% | — | +2.54% |
| NAV return | -0.08% | -2.42% | -4.79% | -6.92% | — | — | -3.84% | -8.41% | — | -7.52% |
| NAV total return | -0.08% | -1.50% | -2.14% | -1.76% | — | — | +6.45% | +1.13% | — | +1.69% |
Performance through Oct 14, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.07% | 0.04% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.09% | 0.04% | as above |
| Volatility, 5 years | 0.13% | 0.06% | as above |
| Maximum drawdown, 3 years | -8.70% | -3.25% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.63 | 0.95 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.90 | 1.54 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 0.54 | — | AGG (U.S. aggregate bond ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.30 | — | as above |
| Observations (3y) | 751 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for First Trust High Yield Opportunities 2027 Term Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.