HIX vs JOF

Comparison between Western Asset High Income Fund II Inc (HIX, ETF) and Japan Smaller Capitalization Fund Inc (JOF, ETF).

5-Year PerformanceJOF has outperformed HIX, delivering a return of +11.1% compared to +0.4%

HIX vs JOF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HIX(ETF)	JOF(ETF)
Net Assets	$375M	$374M
Max Drawdown	72.39%	69.98%
Sharpe Ratio	0.37	1.51
5Y Beta	0.36	0.61
5Y Dividends CAGR	1.61%	25.34%

Net Assets

Winner

HIX

$375M

JOF

$374M

Max Drawdown

HIX

72.39%

Winner

JOF

69.98%

Sharpe Ratio

HIX

0.37

Winner

JOF

1.51

5Y Beta

Winner

HIX

0.36

JOF

0.61

5Y Dividends CAGR

HIX

1.61%

Winner

JOF

25.34%

HIX vs JOF - Historical Returns

Returns include dividend reinvestment.

Period	HIX	JOF
1 month	+1.27%	+4.18%
3 months	+4.31%	+13.84%
6 months	+4.11%	+16.07%
1 year	+7.89%	+38.72%
5 years(CAGR)	+0.42%	+11.10%
10 years(CAGR)	+5.16%	+10.49%
Max(CAGR)	+7.56%	+4.28%

HIX

+1.27%

Winner

JOF

+4.18%

HIX

+4.31%

Winner

JOF

+13.84%

HIX

+4.11%

Winner

JOF

+16.07%

HIX

+7.89%

Winner

JOF

+38.72%

5Y(CAGR)

HIX

+0.42%

Winner

JOF

+11.10%

10Y(CAGR)

HIX

+5.16%

Winner

JOF

+10.49%

Max(CAGR)

Winner

HIX

+7.56%

JOF

+4.28%

HIX vs JOF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	HIX	JOF
2026	+1.40%	+12.31%
2025	+12.20%	+50.68%
2024	-3.63%	+5.64%
2023	+11.18%	+20.84%
2022	-23.61%	-17.17%
2021	+14.51%	-5.68%
2020	+12.10%	+4.08%
2019	+25.96%	+15.72%
2018	-11.22%	-16.43%
2017	+7.61%	+40.89%
2016	+24.05%	+5.37%
2015	-14.83%	+24.58%
2014	+0.11%	+0.35%
2013	+1.16%	+27.75%
2012	+9.05%	+0.20%
2011	+14.21%	-20.53%
2010	+12.88%	+20.38%
2009	+99.91%	-2.21%
2008	-40.91%	-21.92%
2007	-0.43%	-29.27%
2006	+20.35%	-10.36%
2005	-9.75%	+25.43%
2004	+3.15%	+13.19%
2003	+46.62%	+76.38%
2002	+4.20%	+6.09%
2001	+7.38%	+0.04%
2000	+22.60%	-46.26%
1999	-1.26%	-10.46%

HIX vs JOF Drawdown Comparison

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

The maximum drawdown for JOF was -65.75%, occurring on Nov 20, 2008. Recovery took 2983 trading sessions.

The current HIX drawdown is -6.39%. The current JOF drawdown is -3.70%.

Rank	HIX	JOF
#1	-60.88% May 4, 2007 - Sep 11, 2009	-65.75% Sep 29, 2005 - Aug 7, 2017
#2	-44.77% Feb 18, 2020 - Aug 20, 2020	-58.12% Nov 5, 1999 - Mar 17, 2004
#3	-38.72% Aug 18, 2021 - Oct 14, 2022	-42.14% Jan 17, 2018 - Mar 12, 2025
#4	-28.46% Jun 27, 2014 - Jan 24, 2017	-30.52% Apr 12, 2004 - Sep 12, 2005
#5	-25.23% Jun 10, 2002 - Mar 4, 2003	-17.23% Feb 23, 2026 - Mar 20, 2026
#6	-20.97% Mar 8, 2001 - Jan 11, 2002	-9.79% Mar 27, 2025 - Apr 22, 2025
#7	-19.03% Apr 1, 2004 - Oct 27, 2006	-8.29% Sep 17, 2025 - Nov 28, 2025
#8	-16.38% Oct 20, 2017 - Feb 25, 2019	-6.41% Apr 5, 2004 - Apr 12, 2004
#9	-16.29% Sep 11, 2000 - Jan 8, 2001	-5.05% Nov 8, 2017 - Nov 27, 2017
#10	-16.19% May 26, 2011 - Jan 6, 2012	-4.09% Dec 20, 2017 - Jan 4, 2018
#11	-15.17% May 21, 2013 - Apr 17, 2014	-4.04% Sep 20, 2005 - Sep 27, 2005
#12	-14.59% Oct 5, 2012 - Apr 24, 2013	-3.91% Nov 28, 2017 - Dec 18, 2017
#13	-14.51% Apr 15, 2010 - Aug 2, 2010	-3.47% Aug 7, 2017 - Sep 8, 2017
#14	-10.18% Jul 7, 2003 - Sep 5, 2003	-3.05% Sep 16, 2005 - Sep 20, 2005
#15	-9.05% Nov 5, 1999 - Jan 27, 2000	-3.01% Jul 23, 2025 - Aug 6, 2025

Correlation

Correlation between HIX and JOF is 0.80 which considered as a strong positive correlation - the stocks tend to move together.

0.80

-101

Dividend Comparison (1999 - 2026)

HIX vs JOF dividend yield comparison.

Year	HIX	JOF
2026	6.14%	4.48%
2025	14.13%	4.80%
2024	13.97%	4.07%
2023	11.85%	3.50%
2022	12.15%	0.71%
2021	8.21%	7.70%
2020	8.53%	3.81%
2019	8.28%	8.30%
2018	9.50%	20.55%
2017	8.73%	15.89%
2016	10.53%	9.63%
2015	13.12%	8.58%
2014	10.08%	1.48%
2013	10.14%	2.17%
2012	10.22%	1.13%
2011	10.48%	0.49%
2010	11.58%	0.89%
2009	12.45%	0.73%
2008	21.58%	1.57%
2007	9.31%	0.04%
2006	7.75%	12.90%
2005	10.12%	0.00%
2004	10.68%	0.00%
2003	11.25%	0.00%
2002	13.81%	0.00%
2001	13.35%	1.43%
2000	13.85%	14.26%
1999	2.29%	0.00%