HIX vs HIO

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

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

HIX vs HIO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

HIX

$377M

HIO

$375M

Max Drawdown

HIX

72.39%

Winner

HIO

68.83%

Sharpe Ratio

Winner

HIX

0.32

HIO

-0.04

5Y Beta

HIX

0.37

Winner

HIO

0.36

5Y Dividends CAGR

HIX

1.61%

Winner

HIO

3.83%

HIX vs HIO - Historical Returns

Returns include dividend reinvestment.

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

Winner

HIX

-0.79%

HIO

-1.50%

Winner

HIX

-0.04%

HIO

-0.92%

Winner

HIX

+1.30%

HIO

+0.05%

Winner

HIX

+6.47%

HIO

+2.94%

5Y(CAGR)

HIX

+0.01%

Winner

HIO

+2.35%

10Y(CAGR)

HIX

+5.07%

Winner

HIO

+5.68%

Max(CAGR)

Winner

HIX

+7.51%

HIO

+6.00%

HIX vs HIO - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

HIX vs HIO Drawdown Comparison

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

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

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

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

Correlation

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

0.99

-101

Dividend Comparison (1999 - 2026)

HIX vs HIO dividend yield comparison.

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