HECA vs HIX

Comparison between HEDGEYE CAPITAL ALLOCATION ETF (HECA, ETF) and Western Asset High Income Fund II Inc (HIX, ETF).

HECA vs HIX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HECA(ETF)	HIX(ETF)
Net Assets	$378M	$377M
Expense Ratio	1.30%	N/A
Max Drawdown	12.46%	72.39%
Sharpe Ratio	0.59	0.32
5Y Beta	0.50	0.37
5Y Dividends CAGR	N/A	1.61%

Net Assets

Winner

HECA

$378M

HIX

$377M

Expense Ratio

HECA

1.30%

HIX

N/A

Max Drawdown

Winner

HECA

12.46%

HIX

72.39%

Sharpe Ratio

Winner

HECA

0.59

HIX

0.32

5Y Beta

HECA

0.50

Winner

HIX

0.37

5Y Dividends CAGR

HECA

N/A

HIX

1.61%

HECA vs HIX - Historical Returns

Returns include dividend reinvestment.

Period	HECA	HIX
1 month	-3.09%	-0.79%
3 months	-8.94%	-0.04%
6 months	-2.71%	+1.30%
1 year	+10.09%	+6.47%
5 years(CAGR)	N/A	+0.01%
10 years(CAGR)	N/A	+5.07%
Max(CAGR)	+10.91%	+7.51%

HECA

-3.09%

Winner

HIX

-0.79%

HECA

-8.94%

Winner

HIX

-0.04%

HECA

-2.71%

Winner

HIX

+1.30%

Winner

HECA

+10.09%

HIX

+6.47%

5Y(CAGR)

HECA

N/A

HIX

+0.01%

10Y(CAGR)

HECA

N/A

HIX

+5.07%

Max(CAGR)

Winner

HECA

+10.91%

HIX

+7.51%

HECA vs HIX - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	HECA	HIX
2026	-2.75%	-0.38%
2025	+12.83%	+12.20%
2024	N/A	-3.63%
2023	N/A	+11.18%
2022	N/A	-23.61%
2021	N/A	+14.51%
2020	N/A	+12.10%
2019	N/A	+25.96%
2018	N/A	-11.22%
2017	N/A	+7.61%
2016	N/A	+24.05%
2015	N/A	-14.83%
2014	N/A	+0.11%
2013	N/A	+1.16%
2012	N/A	+9.05%
2011	N/A	+14.21%
2010	N/A	+12.88%
2009	N/A	+99.91%
2008	N/A	-40.91%
2007	N/A	-0.43%
2006	N/A	+20.35%
2005	N/A	-9.75%
2004	N/A	+3.15%
2003	N/A	+46.62%
2002	N/A	+4.20%
2001	N/A	+7.38%
2000	N/A	+22.60%
1999	N/A	-1.26%

HECA vs HIX Drawdown Comparison

The maximum drawdown for HECA was -12.46%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for HIX was -60.88%, occurring on Nov 20, 2008. Recovery took 594 trading sessions.

The current HECA drawdown is -12.46%. The current HIX drawdown is -8.04%.

Rank	HECA	HIX
#1	-12.46% Feb 25, 2026 - Jun 5, 2026	-60.88% May 4, 2007 - Sep 11, 2009
#2	-5.01% Oct 15, 2025 - Jan 6, 2026	-44.77% Feb 18, 2020 - Aug 20, 2020
#3	-3.39% Jan 28, 2026 - Feb 9, 2026	-38.72% Aug 18, 2021 - Oct 14, 2022
#4	-3.35% Oct 8, 2025 - Oct 15, 2025	-28.46% Jun 27, 2014 - Jan 24, 2017
#5	-2.34% Jul 23, 2025 - Aug 27, 2025	-25.23% Jun 10, 2002 - Mar 4, 2003
#6	-1.15% Feb 13, 2026 - Feb 25, 2026	-20.97% Mar 8, 2001 - Jan 11, 2002
#7	-1.02% Aug 28, 2025 - Sep 5, 2025	-19.03% Apr 1, 2004 - Oct 27, 2006
#8	-0.80% Sep 22, 2025 - Sep 26, 2025	-16.38% Oct 20, 2017 - Feb 25, 2019
#9	-0.68% Jul 3, 2025 - Jul 17, 2025	-16.29% Sep 11, 2000 - Jan 8, 2001
#10	-0.63% Oct 6, 2025 - Oct 8, 2025	-16.19% May 26, 2011 - Jan 6, 2012
#11	-0.63% Sep 8, 2025 - Sep 11, 2025	-15.17% May 21, 2013 - Apr 17, 2014
#12	-0.61% Sep 15, 2025 - Sep 19, 2025	-14.59% Oct 5, 2012 - Apr 24, 2013
#13	-0.58% Jan 16, 2026 - Jan 21, 2026	-14.51% Apr 15, 2010 - Aug 2, 2010
#14	-0.57% Jan 22, 2026 - Jan 27, 2026	-10.18% Jul 7, 2003 - Sep 5, 2003
#15	-0.57% Jan 6, 2026 - Jan 9, 2026	-9.05% Nov 5, 1999 - Jan 27, 2000

Correlation

Correlation between HECA and HIX is 0.70 which considered as a strong positive correlation - the stocks tend to move together.

0.70

-101

Dividend Comparison (1999 - 2026)

HECA vs HIX dividend yield comparison.

Year	HECA	HIX
2026	0.00%	6.25%
2025	2.02%	14.13%
2024	0.00%	13.97%
2023	0.00%	11.85%
2022	0.00%	12.15%
2021	0.00%	8.21%
2020	0.00%	8.53%
2019	0.00%	8.28%
2018	0.00%	9.50%
2017	0.00%	8.73%
2016	0.00%	10.53%
2015	0.00%	13.12%
2014	0.00%	10.08%
2013	0.00%	10.14%
2012	0.00%	10.22%
2011	0.00%	10.48%
2010	0.00%	11.58%
2009	0.00%	12.45%
2008	0.00%	21.58%
2007	0.00%	9.31%
2006	0.00%	7.75%
2005	0.00%	10.12%
2004	0.00%	10.68%
2003	0.00%	11.25%
2002	0.00%	13.81%
2001	0.00%	13.35%
2000	0.00%	13.85%
1999	0.00%	2.29%