HIO vs HIX

Comparison between Western Asset High Income Opportunity Fund Inc (HIO, ETF) and Western Asset High Income Fund II Inc (HIX, ETF).

5-Year PerformanceHIO has outperformed HIX, delivering a return of +2.4% compared to +0.0%

HIO vs HIX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HIO(ETF)	HIX(ETF)
Net Assets	$375M	$377M
Max Drawdown	68.83%	72.39%
Sharpe Ratio	-0.04	0.32
5Y Beta	0.36	0.37
5Y Dividends CAGR	3.83%	1.61%

Net Assets

HIO

$375M

Winner

HIX

$377M

Max Drawdown

Winner

HIO

68.83%

HIX

72.39%

Sharpe Ratio

HIO

-0.04

Winner

HIX

0.32

5Y Beta

Winner

HIO

0.36

HIX

0.37

5Y Dividends CAGR

Winner

HIO

3.83%

HIX

1.61%

HIO vs HIX - Historical Returns

Returns include dividend reinvestment.

Period	HIO	HIX
1 month	-1.50%	-0.79%
3 months	-0.92%	-0.04%
6 months	+0.05%	+1.30%
1 year	+2.94%	+6.47%
5 years(CAGR)	+2.35%	+0.01%
10 years(CAGR)	+5.68%	+5.07%
Max(CAGR)	+6.00%	+7.51%

HIO

-1.50%

Winner

HIX

-0.79%

HIO

-0.92%

Winner

HIX

-0.04%

HIO

+0.05%

Winner

HIX

+1.30%

HIO

+2.94%

Winner

HIX

+6.47%

5Y(CAGR)

Winner

HIO

+2.35%

HIX

+0.01%

10Y(CAGR)

Winner

HIO

+5.68%

HIX

+5.07%

Max(CAGR)

HIO

+6.00%

Winner

HIX

+7.51%

HIO vs HIX - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	HIO	HIX
2026	+1.51%	-0.38%
2025	+4.24%	+12.20%
2024	+11.22%	-3.63%
2023	+9.15%	+11.18%
2022	-16.61%	-23.61%
2021	+13.00%	+14.51%
2020	+6.07%	+12.10%
2019	+22.81%	+25.96%
2018	-8.66%	-11.22%
2017	+7.03%	+7.61%
2016	+17.18%	+24.05%
2015	-5.50%	-14.83%
2014	-3.52%	+0.11%
2013	-2.90%	+1.16%
2012	+12.31%	+9.05%
2011	+9.77%	+14.21%
2010	+11.29%	+12.88%
2009	+61.70%	+99.91%
2008	-26.06%	-40.91%
2007	-2.65%	-0.43%
2006	+22.13%	+20.35%
2005	-1.20%	-9.75%
2004	+2.18%	+3.15%
2003	+24.35%	+46.62%
2002	-7.05%	+4.20%
2001	-1.23%	+7.38%
2000	+11.80%	+22.60%
1999	-3.82%	-1.26%

HIO vs HIX Drawdown Comparison

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

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

The current HIO drawdown is -3.77%. The current HIX drawdown is -8.04%.

Rank	HIO	HIX
#1	-49.61% Jun 1, 2007 - Aug 12, 2009	-60.88% May 4, 2007 - Sep 11, 2009
#2	-40.57% Feb 20, 2020 - Aug 24, 2020	-44.77% Feb 18, 2020 - Aug 20, 2020
#3	-32.15% Feb 15, 2001 - Jun 12, 2003	-38.72% Aug 18, 2021 - Oct 14, 2022
#4	-26.19% Sep 9, 2021 - Sep 16, 2024	-28.46% Jun 27, 2014 - Jan 24, 2017
#5	-20.75% Jun 18, 2014 - Aug 18, 2016	-25.23% Jun 10, 2002 - Mar 4, 2003
#6	-16.72% Jan 20, 2004 - Nov 4, 2004	-20.97% Mar 8, 2001 - Jan 11, 2002
#7	-15.95% Jul 31, 2000 - Jan 10, 2001	-19.03% Apr 1, 2004 - Oct 27, 2006
#8	-15.05% May 12, 2011 - Jan 13, 2012	-16.38% Oct 20, 2017 - Feb 25, 2019
#9	-13.29% Mar 7, 2025 - Jul 1, 2025	-16.29% Sep 11, 2000 - Jan 8, 2001
#10	-13.25% Jan 2, 2018 - Jan 31, 2019	-16.19% May 26, 2011 - Jan 6, 2012
#11	-12.80% May 22, 2013 - May 8, 2014	-15.17% May 21, 2013 - Apr 17, 2014
#12	-11.36% Sep 24, 2012 - Jan 10, 2013	-14.59% Oct 5, 2012 - Apr 24, 2013
#13	-11.31% Apr 26, 2010 - Aug 9, 2010	-14.51% Apr 15, 2010 - Aug 2, 2010
#14	-10.95% Jun 13, 2003 - Dec 31, 2003	-10.18% Jul 7, 2003 - Sep 5, 2003
#15	-10.61% Nov 5, 1999 - May 31, 2000	-9.05% Nov 5, 1999 - Jan 27, 2000

Correlation

Correlation between HIO and HIX is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.

0.99

-101

Dividend Comparison (1999 - 2026)

HIO vs HIX dividend yield comparison.

Year	HIO	HIX
2026	4.97%	6.25%
2025	11.48%	14.13%
2024	10.84%	13.97%
2023	9.90%	11.85%
2022	9.11%	12.15%
2021	7.02%	8.21%
2020	7.86%	8.53%
2019	6.91%	8.28%
2018	7.31%	9.50%
2017	7.04%	8.73%
2016	8.44%	10.53%
2015	9.08%	13.12%
2014	8.06%	10.08%
2013	8.55%	10.14%
2012	7.81%	10.22%
2011	8.47%	10.48%
2010	9.70%	11.58%
2009	10.33%	12.45%
2008	14.47%	21.58%
2007	9.08%	9.31%
2006	9.04%	7.75%
2005	9.44%	10.12%
2004	8.93%	10.68%
2003	9.94%	11.25%
2002	12.25%	13.81%
2001	14.16%	13.35%
2000	11.14%	13.85%
1999	1.88%	2.29%