HYI vs MBS
Comparison between Western Asset High Yield Defined Opportunity Fund Inc (HYI, ETF) and ANGEL OAK MORTGAGE-BACKED SECURITIES ETF (MBS, ETF).
HYI vs MBS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
HYI
$150M
MBS
$150M
Expense Ratio
HYI
N/A
MBS
0.49%
Max Drawdown
HYI
48.50%
Winner
MBS
5.70%
Sharpe Ratio
HYI
-0.64
Winner
MBS
0.82
5Y Beta
HYI
0.25
Winner
MBS
0.01
5Y Dividends CAGR
HYI
1.72%
MBS
N/A
HYI vs MBS - Historical Returns
Returns include dividend reinvestment.
1M
HYI
-1.62%
Winner
MBS
-0.27%
3M
HYI
-1.87%
Winner
MBS
-1.12%
6M
HYI
+0.13%
Winner
MBS
+0.90%
1Y
HYI
-1.19%
Winner
MBS
+5.89%
5Y(CAGR)
HYI
+1.53%
MBS
N/A
10Y(CAGR)
HYI
+5.25%
MBS
N/A
Max(CAGR)
HYI
+4.58%
Winner
MBS
+6.23%
HYI vs MBS - Annual Returns (2010 - 2026)
Returns include dividend reinvestment.
| Year | HYI | MBS |
|---|---|---|
| 2026 | -1.26% | +0.46% |
| 2025 | +3.47% | +8.12% |
| 2024 | +7.19% | +5.78% |
| 2023 | +7.84% | N/A |
| 2022 | -13.47% | N/A |
| 2021 | +10.82% | N/A |
| 2020 | +7.09% | N/A |
| 2019 | +26.70% | N/A |
| 2018 | -6.90% | N/A |
| 2017 | +8.07% | N/A |
| 2016 | +17.18% | N/A |
| 2015 | -2.30% | N/A |
| 2014 | -4.39% | N/A |
| 2013 | +3.50% | N/A |
| 2012 | +18.60% | N/A |
| 2011 | -0.27% | N/A |
| 2010 | -7.98% | N/A |
HYI vs MBS Drawdown Comparison
The maximum drawdown for HYI was -36.03%, occurring on Mar 23, 2020. Recovery took 197 trading sessions.
The maximum drawdown for MBS was -4.09%, occurring on Jan 13, 2025. Recovery took 133 trading sessions.
The current HYI drawdown is -5.83%. The current MBS drawdown is -1.68%.
| Rank | HYI | MBS |
|---|---|---|
| #1 | -36.03% Feb 18, 2020 - Nov 25, 2020 | -4.09% Sep 20, 2024 - Apr 3, 2025 |
| #2 | -26.34% Nov 5, 2021 - Feb 18, 2025 | -2.82% Mar 11, 2024 - Jun 4, 2024 |
| #3 | -18.70% Jul 8, 2011 - Jan 25, 2012 | -2.54% Apr 4, 2025 - Aug 1, 2025 |
| #4 | -18.60% Jun 30, 2014 - Jul 11, 2016 | -2.20% Mar 2, 2026 - May 19, 2026 |
| #5 | -10.69% May 15, 2013 - May 8, 2014 | -1.12% Jun 6, 2024 - Jun 14, 2024 |
| #6 | -10.68% Sep 27, 2012 - Mar 13, 2013 | -0.85% Aug 5, 2024 - Aug 21, 2024 |
| #7 | -9.67% Oct 17, 2018 - Feb 1, 2019 | -0.77% Jan 9, 2026 - Feb 5, 2026 |
| #8 | -8.88% Nov 1, 2010 - May 12, 2011 | -0.75% Jun 25, 2024 - Jul 5, 2024 |
| #9 | -8.19% Sep 16, 2025 - Mar 30, 2026 | -0.74% Oct 28, 2025 - Nov 28, 2025 |
| #10 | -7.44% Mar 30, 2012 - Jul 9, 2012 | -0.65% Feb 20, 2024 - Feb 28, 2024 |
| #11 | -6.52% Sep 30, 2016 - Jan 3, 2017 | -0.53% Nov 28, 2025 - Dec 26, 2025 |
| #12 | -5.74% Feb 25, 2025 - May 29, 2025 | -0.48% Jul 8, 2024 - Jul 12, 2024 |
| #13 | -4.59% Oct 13, 2017 - Oct 17, 2018 | -0.45% Jul 17, 2024 - Jul 29, 2024 |
| #14 | -4.13% Aug 1, 2019 - Sep 18, 2019 | -0.40% Aug 21, 2024 - Aug 27, 2024 |
| #15 | -4.01% May 3, 2019 - Jun 19, 2019 | -0.34% Sep 17, 2025 - Sep 30, 2025 |
Correlation
Correlation between HYI and MBS is 0.82 which considered as a strong positive correlation - the stocks tend to move together.
0.82
-101
Dividend Comparison (2010 - 2026)
HYI vs MBS dividend yield comparison.
| Year | HYI | MBS |
|---|---|---|
| 2026 | 4.51% | 2.27% |
| 2025 | 10.22% | 5.28% |
| 2024 | 9.64% | 4.52% |
| 2023 | 9.40% | 0.00% |
| 2022 | 9.09% | 0.00% |
| 2021 | 7.19% | 0.00% |
| 2020 | 7.35% | 0.00% |
| 2019 | 6.87% | 0.00% |
| 2018 | 8.10% | 0.00% |
| 2017 | 7.81% | 0.00% |
| 2016 | 8.73% | 0.00% |
| 2015 | 9.36% | 0.00% |
| 2014 | 8.75% | 0.00% |
| 2013 | 8.98% | 0.00% |
| 2012 | 9.52% | 0.00% |
| 2011 | 10.65% | 0.00% |
| 2010 | 0.80% | 0.00% |
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