HIO vs CPAI

Comparison between Western Asset High Income Opportunity Fund Inc (HIO, ETF) and COUNTERPOINT QUANTITATIVE EQUITY ETF (CPAI, ETF).

5-Year PerformanceCPAI has outperformed HIO, delivering a return of +571.7% compared to +2.9%

HIO vs CPAI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HIO(ETF)	CPAI(ETF)
Net Assets	$371M	$369M
Expense Ratio	N/A	0.75%
Max Drawdown	68.83%	99.75%
Sharpe Ratio	-0.11	1.77
5Y Beta	0.36	1.04
P/E Ratio	N/A	50.77
Forward P/E	N/A	16.76
PEG Ratio	N/A	0.26
5Y Dividends CAGR	3.96%	N/A
5Y EPS CAGR	N/A	17.22%
Debt to Equity	N/A	-315.13%
P/S Ratio	N/A	0.78
P/B Ratio	N/A	3.07

Net Assets

Winner

HIO

$371M

CPAI

$369M

Expense Ratio

HIO

N/A

CPAI

0.75%

Max Drawdown

Winner

HIO

68.83%

CPAI

99.75%

Sharpe Ratio

HIO

-0.11

Winner

CPAI

1.77

5Y Beta

Winner

HIO

0.36

CPAI

1.04

P/E Ratio

HIO

N/A

CPAI

50.77

Forward P/E

HIO

N/A

CPAI

16.76

PEG Ratio

HIO

N/A

CPAI

0.26

5Y Dividends CAGR

HIO

3.96%

CPAI

N/A

5Y EPS CAGR

HIO

N/A

CPAI

17.22%

Debt to Equity

HIO

N/A

CPAI

-315.13%

P/S Ratio

HIO

N/A

CPAI

0.78

P/B Ratio

HIO

N/A

CPAI

3.07

HIO vs CPAI - Historical Returns

Returns include dividend reinvestment.

Period	HIO	CPAI
1 month	+0.99%	-0.38%
3 months	+1.30%	+9.91%
6 months	+2.58%	+15.41%
1 year	+1.38%	+44.35%
5 years(CAGR)	+2.87%	+571.68%
10 years(CAGR)	+5.54%	+135.03%
Max(CAGR)	+6.09%	+121.92%

Winner

HIO

+0.99%

CPAI

-0.38%

HIO

+1.30%

Winner

CPAI

+9.91%

HIO

+2.58%

Winner

CPAI

+15.41%

HIO

+1.38%

Winner

CPAI

+44.35%

5Y(CAGR)

HIO

+2.87%

Winner

CPAI

+571.68%

10Y(CAGR)

HIO

+5.54%

Winner

CPAI

+135.03%

Max(CAGR)

HIO

+6.09%

Winner

CPAI

+121.92%

HIO vs CPAI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	HIO	CPAI
2026	+4.52%	+26.31%
2025	+4.24%	+16.72%
2024	+11.22%	+29.43%
2023	+9.15%	+6.69%
2022	-16.61%	-9.09%
2021	+13.00%	+46.67%
2020	+6.07%	-25.00%
2019	+22.81%	-66.67%
2018	-8.66%	+0.00%
2017	+7.03%	-95.56%
2016	+17.18%	+816.67%
2015	-5.50%	N/A
2014	-3.52%	N/A
2013	-2.90%	N/A
2012	+12.31%	N/A
2011	+9.77%	N/A
2010	+11.29%	N/A
2009	+61.70%	N/A
2008	-26.06%	N/A
2007	-2.65%	N/A
2006	+22.13%	N/A
2005	-1.20%	N/A
2004	+2.18%	N/A
2003	+24.35%	N/A
2002	-7.05%	N/A
2001	-1.23%	N/A
2000	+11.80%	N/A
1999	-3.82%	N/A

HIO vs CPAI Drawdown Comparison

The maximum drawdown for HIO was -49.61%, occurring on Nov 20, 2008. Recovery took 554 trading sessions.

The maximum drawdown for CPAI was -99.75%, occurring on Jul 23, 2020. Recovery took 1455 trading sessions.

The current HIO drawdown is -0.92%. The current CPAI drawdown is -1.64%.

Rank	HIO	CPAI
#1	-49.61% Jun 1, 2007 - Aug 12, 2009	-99.75% Dec 6, 2016 - Nov 29, 2023
#2	-40.57% Feb 20, 2020 - Aug 24, 2020	-73.70% May 6, 2016 - Oct 27, 2016
#3	-32.15% Feb 15, 2001 - Jun 12, 2003	-27.08% Jan 27, 2016 - May 2, 2016
#4	-26.19% Sep 9, 2021 - Sep 16, 2024	-21.46% Feb 10, 2025 - Sep 3, 2025
#5	-20.75% Jun 18, 2014 - Aug 18, 2016	-10.48% Mar 2, 2026 - Apr 15, 2026
#6	-16.72% Jan 20, 2004 - Nov 4, 2004	-9.44% May 21, 2024 - Sep 19, 2024
#7	-15.95% Jul 31, 2000 - Jan 10, 2001	-8.07% Jan 23, 2026 - Mar 2, 2026
#8	-15.05% May 12, 2011 - Jan 13, 2012	-7.14% Oct 24, 2025 - Nov 28, 2025
#9	-13.29% Mar 7, 2025 - Jul 1, 2025	-6.69% Nov 29, 2024 - Jan 21, 2025
#10	-13.25% Jan 2, 2018 - Jan 31, 2019	-6.05% Jun 2, 2026 - Jun 10, 2026
#11	-12.80% May 22, 2013 - May 8, 2014	-4.81% Apr 8, 2024 - May 6, 2024
#12	-11.36% Sep 24, 2012 - Jan 10, 2013	-4.54% Oct 1, 2025 - Oct 24, 2025
#13	-11.31% Apr 26, 2010 - Aug 9, 2010	-3.45% Oct 31, 2016 - Nov 8, 2016
#14	-10.95% Jun 13, 2003 - Dec 31, 2003	-3.41% Dec 27, 2023 - Jan 26, 2024
#15	-10.61% Nov 5, 1999 - May 31, 2000	-3.30% May 11, 2026 - May 20, 2026

Correlation

Correlation between HIO and CPAI is 0.78 which considered as a strong positive correlation - the stocks tend to move together.

0.78

-101

Dividend Comparison (1999 - 2026)

HIO vs CPAI dividend yield comparison.

Year	HIO	CPAI
2026	5.85%	0.00%
2025	11.48%	0.89%
2024	10.84%	0.41%
2023	9.90%	0.06%
2022	9.11%	0.00%
2021	7.02%	0.00%
2020	7.86%	0.00%
2019	6.91%	0.00%
2018	7.31%	0.00%
2017	7.04%	0.00%
2016	8.44%	0.00%
2015	9.08%	0.00%
2014	8.06%	0.00%
2013	8.55%	0.00%
2012	7.81%	0.00%
2011	8.47%	0.00%
2010	9.70%	0.00%
2009	10.33%	0.00%
2008	14.47%	0.00%
2007	9.08%	0.00%
2006	9.04%	0.00%
2005	9.44%	0.00%
2004	8.93%	0.00%
2003	9.94%	0.00%
2002	12.25%	0.00%
2001	14.16%	0.00%
2000	11.14%	0.00%
1999	1.88%	0.00%