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HIX vs SPY

Comparison between Western Asset High Income Fund II Inc (HIX, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed HIX, delivering a return of +13.3% compared to +0.0%

HIX vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
HIX
$377M
Winner
SPY
$735B
Expense Ratio
HIX
N/A
SPY
0.09%
Max Drawdown
HIX
72.39%
Winner
SPY
56.47%
Sharpe Ratio
HIX
0.32
Winner
SPY
1.62
5Y Beta
Winner
HIX
0.37
SPY
1.00
P/E Ratio
HIX
N/A
SPY
28.99
Forward P/E
HIX
N/A
SPY
22.37
5Y Dividends CAGR
HIX
1.61%
Winner
SPY
5.43%
5Y EPS CAGR
HIX
N/A
SPY
26.05%
Debt to Equity
HIX
N/A
SPY
32.40%
P/S Ratio
HIX
N/A
SPY
3.74
P/B Ratio
HIX
N/A
SPY
5.61

HIX vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
HIX
-0.79%
Winner
SPY
+1.90%
3M
HIX
-0.04%
Winner
SPY
+8.55%
6M
HIX
+1.30%
Winner
SPY
+8.18%
1Y
HIX
+6.47%
Winner
SPY
+25.79%
5Y(CAGR)
HIX
+0.01%
Winner
SPY
+13.32%
10Y(CAGR)
HIX
+5.07%
Winner
SPY
+15.19%
Max(CAGR)
HIX
+7.51%
Winner
SPY
+8.47%

HIX vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearHIXSPY
2026-0.38%+8.26%
2025+12.20%+18.00%
2024-3.63%+25.59%
2023+11.18%+26.72%
2022-23.61%-18.64%
2021+14.51%+30.52%
2020+12.10%+17.28%
2019+25.96%+31.09%
2018-11.22%-5.24%
2017+7.61%+20.78%
2016+24.05%+13.59%
2015-14.83%+1.31%
2014+0.11%+14.56%
2013+1.16%+29.00%
2012+9.05%+14.17%
2011+14.21%+0.85%
2010+12.88%+13.14%
2009+99.91%+22.67%
2008-40.91%-36.25%
2007-0.43%+5.32%
2006+20.35%+13.85%
2005-9.75%+5.32%
2004+3.15%+10.75%
2003+46.62%+24.18%
2002+4.20%-22.42%
2001+7.38%-10.13%
2000+22.60%-8.84%
1999-1.26%+8.61%

HIX vs SPY Drawdown Comparison

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

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current HIX drawdown is -8.04%. The current SPY drawdown is -2.90%.

RankHIXSPY
#1-60.88%
May 4, 2007 - Sep 11, 2009		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-44.77%
Feb 18, 2020 - Aug 20, 2020		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-38.72%
Aug 18, 2021 - Oct 14, 2022		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-28.46%
Jun 27, 2014 - Jan 24, 2017		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-25.23%
Jun 10, 2002 - Mar 4, 2003		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-20.97%
Mar 8, 2001 - Jan 11, 2002		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-19.03%
Apr 1, 2004 - Oct 27, 2006		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-16.38%
Oct 20, 2017 - Feb 25, 2019		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-16.29%
Sep 11, 2000 - Jan 8, 2001		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-16.19%
May 26, 2011 - Jan 6, 2012		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-15.17%
May 21, 2013 - Apr 17, 2014		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-14.59%
Oct 5, 2012 - Apr 24, 2013		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-14.51%
Apr 15, 2010 - Aug 2, 2010		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-10.18%
Jul 7, 2003 - Sep 5, 2003		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-9.05%
Nov 5, 1999 - Jan 27, 2000		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between HIX and SPY is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86
-101

Dividend Comparison (1999 - 2026)

HIX vs SPY dividend yield comparison.

YearHIXSPY
20266.25%0.24%
202514.13%1.07%
202413.97%1.21%
202311.85%1.40%
202212.15%1.65%
20218.21%1.20%
20208.53%1.52%
20198.28%1.75%
20189.50%2.04%
20178.73%1.80%
201610.53%2.03%
201513.12%2.06%
201410.08%1.87%
201310.14%1.81%
201210.22%2.18%
201110.48%2.05%
201011.58%1.80%
200912.45%1.95%
200821.58%3.02%
20079.31%1.85%
20067.75%1.73%
200510.12%1.73%
200410.68%1.82%
200311.25%1.47%
200213.81%1.70%
200113.35%1.25%
200013.85%1.15%
19992.29%0.24%

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